With a growing team and increasing business tractions, Paperless Parts announced Thursday its Boston headquarters office has moved to a new downtown space that is more than triple the size of its previous office in the West End.
The company, which develops software that helps manufacturers quickly and more accurately generate quotes and cost estimates, has moved out of its 7,679-square-foot space at 205 Portland St. and into a 25,000-square-foot office at 60 State St. Paperless Parts, which offers a hybrid office culture, said the new headquarters is designed to foster collaboration and creativity.
The larger office is needed to adjust to the company’s growing team. Paperless Parts’ employee headcount increased by 86 percent last year to 154 employees. The company said it plans to keep growing its team over the next year.
Paperless Parts’ Built In profile currently lists 15 open positions, including roles in sales, engineering and other departments. The company has 23 positions available on its career website.
“The past year has been one of tremendous growth on all fronts,” Paperless Parts co-founder and CEO Jason Ray said in a statement. “A key ingredient in our ability to grow as quickly as we have has been the addition of exceptional leaders and a strong hybrid office culture that allows people to collaborate and innovate.”
Paperless Parts has seen significant business growth in the last year, doubling its annual recurring revenue and growing its client list by 117 percent. The company last sought funds in 2021, when it raised $30 million in Series B financing.
In addition to the office announcement, Paperless Parts added two new executives. Alan Hawley, who has led sales teams for Validity Inc., Tomorrow.io, and Volt Active Data, has been hired as the senior vice president of sales. Jason Luce, who most recently served as the senior vice president of engineering for SessionM, has been named senior vice president of engineering at Paperless Parts.
