Feenics, the Ottawa-based provider of cloud-based security solutions, says it’s expanded its office space to nearly 5,000 square feet on St. Laurent Boulevard, effectively doubling the six-year-old startup’s office space.
The move comes alongside growth in partners and new hiring plans. Speaking this week to Techopia, executive vice-president Paul DiPeso says the company now has 100 value-added resellers across North America for its flagship product, Keep.
CEO Sam Shalaby says that the company has already made a recent new hire, bringing the company’s Ottawa headcount to 12, with plans for a minimum six new hires in the next year, primarily in engineering.
DiPeso says that the company’s growth is primarily attributed to customers more-readily adopting cloud-based security systems. The benefits of the cloud, including remote updates and a reduction of hardware and on-site server space, has increasingly won over skeptical clients. That momentum, DiPeso says, helped to bring on more VARs as partners.
“Once that started, the ball started to roll,” he says.
Feenics also announced that Denis Hébert had bought into the company for an unspecified amount as an equity partner and would join the team as president. Aside from such contributions, the startup has not sought any external financing.
Shalaby says this model is part of the careful, calculated approach that has thus far driven Feenics’ growth.
“Startups are coming up every day. They all focus on the funding. We’re trying to focus on the quality and the product,” he says.
Shalaby adds that the company has been very pleased with the level of talent in the Ottawa area, preferring to expand here than find space outside the city.
“There’s a lot of value being in the capital,” he says.