Raygun, a Wellington based company that develops software for monitoring applications, is to invest $15 million into its facilities in Wellington and says it expects to triple its headcount over the next two years.
The company, which also has an office in Seattle, generates 92 percent of its revenue from exports. It describes its business as developing software products that help companies provide better online experiences for their customers, and lists as customers Coca-Cola, Avis, Domino’s Pizza, Microsoft, and Samsung. It claims a user base in excess of 60,000.
CEO John-Daniel Trask said the company operated in a global market estimated to be worth $7 billion NZD, but did not need to have all resource centred in the US.
“The cost to operate is far lower in New Zealand than in the likes of Silicon Valley, where employees can be twice the cost, but certainly not twice as talented or capable as our own employees here in Wellington," he said.
"Our experience to date shows we can build and distribute software from Wellington, with customers able to buy from us from anywhere in the world.
“The main challenge for us will be hiring in an environment that has an existing tech talent shortage. As an immigration accredited employer, we are already relocating talented individuals from overseas who will bring with them their skills and experience and help us grow with greater speed and agility. We are also investing in training more junior local employees in a supportive environment.”
He added: “2019 will be about putting more investment into marketing and sales to accelerate our growth while continuing to improve our suite of application monitoring tools, based on the feedback from our global customer base."