Software firm's new office
Calero plans expansion from new Edinburgh HQ
Calero Software, a US-based provider of expense management software, has officially opened its offices at 40 Torphichen Street in Edinburgh from where it plans to roll-out its expansion plans.
The company’s move into Scotland was revealed by Daily Business last summer with the acquisition of Veropath, at that time based in Castle Street.
The new office will be the European headquarters for Calero, a portfolio company of Riverside Partners, a private equity firm based in Boston. It was opened by Ivan McKee, Scottish Government Minister for Trade, Investment and Innovation, who said the company added “another important exporter to our economy”.
The company is increasing investment in R&D, operations, and sales in Edinburgh to support its rapidly growing global client base, and has recruited Andrew Wyse as managing director EMEA to lead its European operation. This includes Calero’s sales and marketing, engineering, and operations office in Roosendaal, The Netherlands.
David Booker, who was president and CEO of Veropath, is co-leader of Calero’s European operation.
Joe Pajer, President and CEO of Calero, said: “Our new European headquarters is a defining moment in Calero’s ambitious growth strategy for, and investment in, Europe.
“We have chosen Edinburgh as the location for our headquarters to tap into Scotland’s deep technology talent pool to add to our existing dynamic team. Topping off another year of record growth in 2018, we could not be more excited about the Edinburgh headquarters.”