SALT LAKE CITY and SILICON SLOPES, Utah – Oct. 28, 2014 – XANT today opened its second corporate office in downtown Salt Lake City, where the company will hire more than 150 employees, predominantly software engineers and salespeople, as part of nearly 400 new employees the company plans to recruit companywide over the next year. The new office allows the company to expand locally and better tap into the talent in Salt Lake and Davis counties, as well as provide recruiting opportunities at more of the universities and colleges along the Wasatch Front. Job seekers are encouraged to apply at the XANT Accelerate Your Career Open House at 56 E. Broadway in Salt Lake City from 4:00 p.m. to 6:00 p.m. on Wed, Oct. 29. XANT, along with many other Utah companies, is aggressively recruiting top talent throughout the state in response to extreme growth. In September 2013, XANT had nearly 300 employees and today has more than 500, most of whom are located in the Provo corporate headquarters. The company plans to have approximately 600 employees by the end of 2014 and 900 by the end of 2015 in its two Utah offices and some in other remote locations throughout the United States. The announcement comes on the heels of XANT’s recent $100 million funding round – one of the largest investments in the history of Utah companies. XANT is the leading cloud-based sales acceleration technology company and provides SaaS-based software to help companies dramatically increase their revenue. “Our company is all about applying science to the sales process,” said Dave Elkington, founder and CEO of XANT. “In order to do that, we hire scientists, professional salespeople, marketers, engineers, operations experts, HR professionals, and many others.” For its Neuralytics™ team for example, XANT tapped the expertise of some of the top Ph.D.s and scientific talent in Utah, hiring six who hail from Utah universities, including Brigham Young University (BYU), University of Utah and Weber State University. Dr. Yu Hu, Senior Research Engineer at XANT, earned the distinction of the Smartest Data Scientist in Utah at the recent Utah Data Competition. Dr. Hu holds a doctorate in mathematics from BYU and participated in the development of the company’s sales acceleration technology that is powered by a proprietary predictive analytics and machine-learning engine called Neuralytics. “We are committed to building a world-class business here in Utah,” Elkington said. “The economic condition and the business climate within the state can only get better and stronger as we recruit great professionals who love Utah, live here, and make a great contribution.” Additionally, several of XANT’s top executives permanently relocated to Utah, including Mick Hollison, Chief Marketing Officer, and Todd Riesterer, Senior Vice President of Talent Acceleration – two of the top people in their professions in the country. Venture Capital Investment Fuels Utah Economy Investment in Utah companies this year is the highest on record. In April, XANT closed a $100 million investment round. This good news for the Utah economy means more jobs, a stronger tax base, recognition as one of the clear global technology centers and increased economic growth for the state. “It’s safe to say Utah has been discovered,” said Val Hale, executive director of the Utah Governor’s Office of Economic Development. “We’re [Utah] getting accolades for our business climate, unemployment and job growth. As the world is finding out about Utah, these investors are wanting a piece of the action and investing in some of our great companies.” According to recent reports from Dow Jones VentureSource, this year more than $690 million was invested in Utah companies by venture capitalists (VC). This places the state No. 6 in the top 10 states that have received VC funding for the first half of 2014. With the close of additional recent funding rounds, Utah is in the top four states nationally and among the top three of Western states. The money invested becomes working capital and is used to hire more people, expand the business and meet the growing global demand of products and services. According to Elkington, accepting funding from a venture capital firm is the beginning of a partnership. “The VC becomes a partner in our business and is looking for a strong return on their investment. It means we need to continue to grow a strong and viable business that helps everyone.” Elkington is also quick to point out that his company isn’t the only one in Utah recruiting people at all levels to join their ranks. “We’re fortunate to live and work in one of the hottest tech centers in the country,” he said. “We lovingly call it Silicon Slopes, and we join forces with the likes of Domo, Qualtrics, Vivint, AtTask, Ancestry.com, Pluralsight and many other companies who are inviting top talent from Utah and throughout the U.S. to join us here in perhaps the strongest overall state economy for growth in the country.”
About XANT, Inc.
XANT offers cloud-based sales acceleration technology, harnessing the power of more than 10 billion sales interactions usingNeuralytics™ in the industry’s first comprehensive sales acceleration platform. Through its breakthrough technology, the XANT platform creates high-performance sales teams by offering communications for immediate response, gamification for sales motivation, data visualization for an immersive experience with sales data, and predictive analytics for lead prioritization and hiring. XANT has received numerous accolades for its technology and has been named as one of the fastest growing companies by Inc. XANT enterprise customers include Microsoft, Groupon and Marketo.
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