Moving on up
Fast Growing Software Company, Passport, Moves to New Location
Charlotte, NC (December 4, 2017) — Passport opens its doors today to its newest headquarters, a 28,000 square feet space at First Citizens Bank Plaza, 128 S. Tryon St. in Charlotte. The mobile payment software company formerly occupied space at the historic Textile Mill Supply Company Building on South Mint Street, a location leased since mid-2014.
The company has seen revenue growth of nearly 500 percent between 2013 and 2015. This year, its employee base has grown from 63 to 92 within the year. Currently, there are nearly 20 open roles with positions being filled regularly. In 2016, Passport was named as the Charlotte Business Journal’s #1 “Fast 50” winner, an award which recognizes the top 50 fastest growing private companies in the area. The company is also a strong contender for this year’s competition to be held Dec. 7, at the Hilton Charlotte Center City. In addition, Passport has been recognized as one of Charlotte’s best places to work by the Charlotte Observer in 2015, ’16 and ’17; as well as by the Charlotte Business Journal.
“We understand that we have to continue to support our clients in an industry that is moving fast and rapidly evolving. We are investing in expanding our team across a variety of disciplines to further support these demands. We believe our new office space will continue to encourage innovation and accelerate further our ability to bring solutions to market,” said Bob Youakim, Passport CEO.
The company aimed to be at the center of Charlotte’s vibrant metropolis — in a fast-paced environment and centralized location with accessibility to clients and municipalities. The new office has an industrial-style setting with high-tech capabilities. Employees will enjoy cityscape views, natural light and a large outdoor patio on which to work or entertain clients. Elements such as exposed brick and wood, native to its South Mint Street location, are also incorporated into the new office.
“The company wouldn’t exist without our clients, partners and the efforts of the people that make up our team,” said Youakim. “In all decisions, interactions and platforms, people remain at the forefront of our minds — because people come first at Passport,” said Youakim.
Passport is the industry’s leading mobile technology solution specializing in enterprise business applications and payments for the public and private sector. Passport’s product lines–parking payments, transit payments, enforcement and permit management–collectively serve to deliver dynamic tools for agencies to better connect with their communities. Its services have been adopted by over 400 agencies on over 3,000 locations globally including Chicago, Toronto, Boston, Portland, Westminster and Miami. Passport’s mission is to reduce operational complexity and deliver intelligent data to improve decision making for its clients.
Passport is backed by a group of investors, including Grotech Ventures, Relevance Capital, and MK Capital. For more information, please visit www.passportinc.com.