Ceterus Inc. is moving into bigger digs on the upper peninsula this fall as the area around Meeting Street and Morrison Drive continues to emerge as a hub for the region’s tech sector.
Ceterus, which already has its offices on the upper peninula, will move to 804 Meeting St., just above the Half Mile North development that houses the e-commerce development shop Blue Acorn and the consulting firm SIB. The Raven Cliff Co., which developed Half Mile North, is working on the project.
The company’s plans to move come just two months after Ceterus raised $4.2 million in investments.
The 6,550-square-foot building is meant to accommodate Ceterus’s 33-person staff, which has grown by 50 percent in the last year, the company says.
The move puts the company near new restaurants like Lewis Barbecue and the recently relocated Butcher & Bee, and the new offices are close to a handful of other forthcoming developments.
The Charleston Digital Corridor is planning to build its Flagship 3 building about half a mile south on Morrison Drive, and the Pacific Box and Crate development is slated to take in tech tenants like BoomTown half a mile north on King Street.
“We are excited to continue our growth in this dynamic area of town,” CEO Levi Morehouse said in a statement. “When looking for space, we asked ourselves: What is the vibe in the neighborhood, and how many steps is it from good coffee, beer and food?”
The chief financial officer of Benefitfocus has stepped down less than a month after joining the Charleston tech company.
Dennis Story, who became CFO on July 1, resigned last week “for family reasons,” the company said Thursday in a filing with the U.S. Securities and Exchange Commission. Story moved to Charleston from Atlanta, where he was CFO of the supply chain software company Manhattan Associates.
“Recently, we learned that Dennis must return to Atlanta full time to care for a loved one,” Benefitfocus CEO Shawn Jenkins said in a statement. “We are very supportive of his decision and I admire Dennis for his commitment to his family and the way he handled this difficult circumstance.”
Raymond August, Benefitfocus’s president and chief operating officer, will handle financial and accounting duties while the company searches for a replacement. August, who came to the company in 2014, filled in earlier this year after former CFO Milt Alpern retired in March.
Daniel Island-based Benefitfocus, which sells benefits management software, is one of the region’s largest publicly traded companies, recording $185 million in sales last year. The company has 1,450 employees.
Beaufort’s efforts to replicate the success of Charleston’s tech sector are officially underway.
Renovations began last week on the future home of the Beaufort Digital Corridor, a city-backed initiative to get a tech community off the ground in the coastal city. The project is being run by the Charleston Digital Corridor, which was founded here in 2001.
The downtown office, dubbed BASEcamp, is expected to open in November. It’ll feature shared coworking space and offices for early-stage tech companies, along with a gallery for local artists.
“The development of BASEcamp represents a tangible and primary step forward as part of the Beaufort Digital Corridor’s comprehensive long-term economic strategy in support of tech-focused entrepreneurs,” City Councilman Stephen Murray said in a statement.
Reach Thad Moore at 843-937-5703 or on Twitter @thadmoore.