https://www.chicagobusiness.com/comm...move-expansion
Cloud storage firm nears West Loop HQ move, expansion
IManage is looking to add at least 50 jobs next year and is closing in on a deal for a bigger home office.
A Chicago tech firm that provides space in the cloud for companies to store information is poised to take more office space in the West Loop for its growing local team.
After adding more than 100 jobs at its downtown headquarters over the past couple of years, iManage is nearing a deal to lease around 80,000 square feet at 71 S. Wacker Drive, according to sources familiar with the company's plans.
The company is in advanced talks to move to the Wacker Drive tower from 540 W. Madison St., where it has outgrown the 48,000 square feet it moved into in 2017.
Executives for iManage declined to comment on specifics of a potential move but acknowledged the company's recent growth and plans to boost headcount. The company has grown to more than 300 employees in Chicago from just under 200 two years ago and is eyeing at least 50 more hires at its main office over the next 14 months, said Chief Financial Officer Ray Scheppach.
"Chicago's a great market, and given the educational institutions that are in the city and nearby, it feeds quite a bit of our candidate pool," Scheppach said, adding that iManage is "continuing to explore our options" for downtown office space.
IManage is one of many tech companies that have beefed up their Chicago workforces in recent years, tapping into a deep pool of Midwest tech talent. Downtown office landlords have enjoyed the spoils of that demand, which has ranged from giants like Google, Facebook and Salesforce to a flurry of locally grown tech companies like iManage gobbling up office space.
If iManage completes a move to 71 S. Wacker, it would be a win