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Shopify expansion in Waterloo Region to employ 300

Shopify expansion in Waterloo Region to employ 300

Posted by PanamericanWorld on October 01, 2015

Citing the “amazing talent pool” in Waterloo Region, Shopify is undertaking an ambitious expansion of its local operations, including a 300-employee office in the former Seagram Museum/CIGI building in Waterloo’s core.

The new facility, to be occupied in April 2016, will enable a tenfold increase in the local footprint of the Ottawa-based e-commerce giant, which currently employs 30 at a sales lab that opened about a year ago in Kitchener’s Lang Tannery.

With about 800 employees split among Ottawa, Montreal, Toronto and Waterloo Region, Shopify has become Canada’s hottest technology company, with a market capitalization of $2.8 billion. That’s more than double its value at the time of its initial public offering of shares just over four months ago.

Shopify’s e-commerce platform, launched in 2006, now counts more than 175,000 business customers, and has facilitated $10 billion in online purchases. The company’s expansion in Waterloo is to accommodate growth of Shopify Plus, its offering for high-volume merchants and large enterprises.

The company will be hiring in Waterloo Region for a diverse array of positions, including sales, engineering, design, account management, training and human resources, among others.

Its new Waterloo location sits in the heart of the city at Erb and Caroline streets, in a renovated, yellow-brick barrelhouse that was once part of the original Seagram Distillery, which closed in 1992. The building operated as the Seagram Museum from 1984 to 1997, and won the Governor General’s Medal in Architecture in 1986. Three other buildings at the same intersection – the Perimeter Institute for Theoretical Physics, the Canadian Clay and Glass Gallery and the Balsillie School of International Affairs – have won the same prestigious honour.

Software company Waterloo Maple occupied the former museum from 1998 to 2003, when the Centre for International Governance Innovation, founded by former BlackBerry co-CEO Jim Balsillie, moved in. In 2014, CIGI’s operations moved into the adjacent CIGI Campus that houses the Balsillie School, leaving the building available for lease.

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