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Published August 18, 1998
Volume 6, Number 8



ProBusiness Breaks Ground on Expansion
New 76,510 Square Foot Facility To Rise Near Existing Headquarters

ProBusiness
Site grading has begun on ProBusiness's new 76,510 square foot facility. The building will be ready for occupancy in May, 1999.


By Jay Hipps
Network Editor



ProBusiness, Inc. has broken ground on a new, 76,510 square foot facility adjacent to its existing headquarters on Hopyard Road. With site grading currently underway, occupancy of the new building is scheduled for May, 1999. 

"We're growing in leaps and bounds, and we're trying to accommodate that growth," says Terri Berg, manager of corporate services. Just last fall, the company moved into its newly constructed, 130,134 square foot corporate headquarters. 

ProBusiness provides outsourced payroll processing, payroll tax and benefits administration services, as well as human resources software, to large employers in a variety of industries. 

A Creative Environment
The new facility, to be built by Britannia Developments, Inc., will be designed with the special needs of the company's software developers in mind.

"To keep their creative thoughts flowing, they need to be in a fun environment," explains Berg. "This will be a place for creative thinking."

To that end, the building will feature architectural details such as skylights and an interior design scheme with lots of color. 

"We're going for a look that's more cutting edge," she adds.

Besides the 125-member development team, it has not been determined who will occupy the building. Berg estimates the total capacity of the structure at 250 to 300 people. 

Currently, ProBusiness employs approximately 400 people in Pleasanton. Satellite offices are located near Los Angeles and Seattle. The company expects to open an office in New Jersey in the next few months.

Strong Financial Growth
The company's financial growth is strong as well. ProBusiness had its initial public stock offering last September and declared a 3-for-2 stock split on July 24. Revenues for the fiscal year ended June 30, 1998 were $46.3 million, up 69 percent from the $27.4 million reported for fiscal 1997. 

Revenue for the fourth quarter of fiscal 1998 was $13.2 million, a 50 percent increase from the $8.7 million reported for the same quarter of fiscal 1997.

 



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