Armed with a crucial new hire, a new HQ and growth potential, Reston, Virginia IT monitoring solutions company ScienceLogic has big plans for 2022.
CEO Dave Link told Technical.ly that in the new year, the company intends to add 200 members to the team, and at least 50 of those will be local talent. Link said sales and marketing with make up a large portion, but it’s growing across the board, including its core engineering teams, finance and professional service.
It’s a goal that echoes ScienceLogic’s achievements of 2021. In February, the company took home one of the year’s top deals, a $105 million Series E round led by Silver Lake Waterman. This came just a few weeks after the company said it wanted to expand its team by 40%, and Link confirmed that ScienceLogic added about 150 people in 2021. It also completed the addition of a Taiwan subsidiary at the end of the year and is already at work establishing a presence in India, which will be its eighth international subsidiary. According to Link, 2021 was the company’s best year ever for revenue, as well.
In 2022, it seems like the company is setting even bigger goals. ScienceLogic has already hired 40 people since the beginning of January, Link said, on top of the 200 additional members it’s seeking going forward. It’ll also be amping up its intern partnership with local universities including the University of Maryland, George Mason, Virginia Tech and University of Virginia to find new talent.
“We have a market opportunity to really capture more market share this year and grow our business at a faster clip than the rest of the industry,” Link said. “We did that last year and what we realized is it just requires the right team, and our team is growing globally.”
With all the new hires, ScienceLogic has also been scaling up its physical space. The company moved into a new HQ in Reston town center, with plans to move in last fall, however with the impacts of COVID and the Omicron variant its continued to push off an official opening. When it does open a new space, though, Link said it will be using a new approach for its hybrid work model. When employees want to come into the office, they can reserve a desk ahead of time. A new application will group people with fellow likeminded individuals or employees who they’ll be working with in a “neighborhood” where they can all sit together.
Murali Nemani, chief marketing officer, noted that the new HQ and hybrid options will hopefully appeal to potential talent.
“We’re basically looking for talent wherever talent lives,” Nemani said. “What we’re trying to do is in embody some of these hybrid work policies within our operating model and then subsequently we hope to attract a broader pool of people, no matter where they are.”
With its strong growth plans, ScienceLogic also announced the addition of new Chief Legal Officer Todd Harris, someone who Link said will be an asset particularly due to his experience in the industry. In particular, he noted, Harris has plenty of background in preparing companies for an IPO.
While it’s not confirming IPO plans for this year, with the company’s success and the addition of Harris, Nemani and Link said that it’s definitely not off the table.
“I think we have some very, very good options in front of us,” Nemani said. “And that’s what we’ve been doing, building the business with the intent of having those strategic options.”-30-