Business development / Cybersecurity

Stockholm-based Specops Software moves into a Center City office with plans to hire

The 3,000-square-foot office will accommodate a hybrid work structure as the password management company grows its presence in Philadelphia.

The Wells Fargo Building at 123 S. Broad St. (Screenshot via GoogleMaps)

Specops Software, a Stockholm-based password management and authentication platform, is expanding its North American presence with a new office in Philadelphia.

The company currently has some remote Philadelphia employees, but is planning a Center City office at 123 S. Broad St. in the Wells Fargo Building to support a hybrid workforce in the coming weeks or months. The move is to accommodate a quickly expanding Philly team, the company said, as its recently grew from eight to 17 regional employees with a focus in sales and marketing.

These Philly employees are still working from home, but the 3,000-square-foot office will soon accommodate a hybrid structure: “Employees can decide how much time they would like to be in the office, with some in-person activities that will bring together the whole team,” a company spokesperson said.

The office will also help with the company’s continued growth, with about a half dozen roles across sales and marketing currently being filled.

The company specializes in protecting business data by blocking weak passwords and securing user authentication, and offers products to create passwords, reset, find key recovery and secure the service desk.

The Philadelphia team is the second in North America for the company, with a Toronto office supporting the development team and back office support, the spokesperson said. Specops’ current total headcount is around 60, with the goal of adding another 10 colleagues by the end of the year.

The North American presence is important to the company, its CEO Marcus Kaber said in a statement, and it recently appointed Paul Rower to be VP of sales for North America.

“Password security and authentication is one of the most critical components to any cybersecurity stack, and the increasing demand we’re seeing both across North America and other regions suggests that security leaders are increasingly recognizing the many benefits of password protection,” Kaber said.

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