Instructure Announces Plans for Utah County Office
SALT LAKE CITY, Nov. 15, 2016 /PRNewswire/ -- Instructure (NYSE:INST), a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter, today announced plans to open a Utah County office in January 2017. With offices around the world and more than 900 employees, Instructure has rapidly grown its talent base over the last few years. The new office location will help the company continue rapid expansion of its talent pool beyond the Salt Lake Valley.
"The Instructure team is continually growing and shows no signs of slowing down," said Jeff Weber, senior vice president of people and places at Instructure. "With dozens of talented tech hires joining the team, it was clear we had to expand in Utah, and beyond just our Salt Lake City office. We're excited to branch out into Utah County and look forward to offering a space that not only accommodates our growing team but creates an environment conducive to happy and productive employees."
Located in Pleasant Grove, Utah, the new office will eventually accommodate up to 300 of Instructure's Engineering, Product and Customer Success teams. The Utah County location will embody the same award-winning culture and experience as other Instructure offices around the world, including an open and collaborative floorplan, all-wireless internet access, ergonomic workstations, a fully-stocked kitchen, game room, weekly catered lunches, and more. Recognized for its strong work culture, Instructure was ranked #2 in the 2016 Glassdoor list of the "25 Highest Rated Public Cloud Computing Companies to Work For."
In addition to the Utah County office, Instructure plans to expand its 139,000-square-foot headquarters in Salt Lake City to encompass an additional 27,000 square feet. The renovation is expected to be complete in early 2017. The company also plans to continue growth of its other office locations, including Chicago, Seattle, London, Sydney, Sao Paulo and Hong Kong.
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This press release contains "forward-looking" statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Instructure's plans to expand its workforce, office space and geographic footprint. These statements are not guarantees of future performance or achievements, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, such as Instructure's need to expand geographically, its need for additional employees, and other risks and uncertainties detailed in Instructure's filings with the SEC, including, without limitation, its Form 10-K and other reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Instructure assumes no obligation to update or revise publicly any forward looking statements contained in this release, except as required by law.
Instructure, Inc. is a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter. With a vision to help maximize the potential of people through technology, Instructure created Canvas and Bridge to enable educational institutions and organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. To date, Instructure has connected millions of instructors and learners at more than 2,000 educational institutions and corporations throughout the world. Learn more about Canvas for higher ed and K–12, and Bridge for the corporate market, at www.Instructure.com.
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