Jeanne Phelps, director of marketing and communications for the two-year-old company tells GlobeSt.com that the new space will accommodate the company's current and anticipated growth, which she acknowledges is unusual in the current economy, especially because Seranoa clients are telecom companies, an industry hit hard by the recent recession. Phelps notes that the company was looking to remain in the area.
Seranoa's space, which is about a quarter of the building, was recently vacated by Ennovate Networks, a high-tech company that went under. The building has one other small tenant, Modular, a Ken Olsen company, and is otherwise vacant.
Seranoa recently closed $15.75 million in its first round of venture capital funding and named Graham Pattison as the company's new president and CEO. The company develops purpose-built internetworking products for use at the edge of network service provider networks. It is funded by St. Paul Ventures, YankeeTek Ventures, Advent International, FA Technology Ventures, Schoffstall Ventures, and private investors.
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