Accruent, an Austin, Texas-based technology company, is opening a New Orleans office with plans to hire 350 people by 2020.
The company said Monday it will initially hire 65 people and will begin commercial operations later this month. The 350 jobs will have an average salary of $65,000 a year.
Accruent will establish a technology center at an unspecified site in New Orleans’ Central Business District.
The firm said it provides software and information technology products for real estate, construction, development and facilities management of major clients in retail, corporate, consumer goods, higher education, food and beverage, and other sectors.
Accruent was founded in 1995 and has clients in more than 150 countries.
“Given the vibrant corporate community, tremendous growth opportunities and Accruent’s existing base of 50 Louisiana customers, New Orleans became the clear choice for our next wave of expansion,” CEO John Borgerding said.
“Since 2012, New Orleans has led the nation in technology job growth, and Accruent is pleased to continue this trend, bringing new jobs in software development, professional services, sales, customer support and administration,” he said.
The New Orleans office will include teams from several corporate departments, including engineering, support professional services, human resources, cloud operations, development operations, leadership, consulting, project management and sales.
The firm will occupy about 20,000 square feet of office space in New Orleans and has already begun hiring.
The state estimates the project also will result in 338 indirect jobs.
Accruent joins a growing list of tech firms that have opened regional offices in Louisiana, which is seen as a lower-cost alternative to existing hubs throughout the country.
Economic development officials here have made a concerted effort to attract such companies, and have landed the likes of IBM, which opened offices in Baton Rouge and Monroe; CGI, which recently announced a 400-job expansion in Lafayette; and DXC, whose planned 2,000-job center in New Orleans was touted as the largest economic development project in the city's history.
Officials with Louisiana Economic Development, along with Greater New Orleans Inc. and the New Orleans Business Alliance, first met with Accruent to discuss the project in December.
LED is offering Accruent an incentive package including the agency's FastStart workforce development program, the state's Digital Interactive Media and Software Development Incentive and the Quality Jobs program.
“Our ultimate goal is not just to attract IT projects, but to create a digital media and software development sector, where our people have a diverse offering of opportunities to solve the challenges of tomorrow,” Gov. John Bel Edwards said.