Shopify to triple size of Ottawa headquarters

I hesitate to post this here given it isn’t financial/value related, but it does give some insight into the company’s plans…

Given its rapid sales trajectory it was only a matter of time Shopify would outgrow its state-of-the-art headquarters building at 150 Elgin St.

That 170,000-square-foot facility was outfitted just three years ago. But last week Shopify Inc. signed a lease to eventually take over an additional 325,000 square feet of nearby office space at 234 Laurier Ave. — best known as the former headquarters of the Export Development Corp., a federal crown corporation.

“Ottawa may be one of the best places in the world right now to build a multibillion-dollar business,” said Harley Finkelstein, Shopify’s chief operating officer. “In fact, we consider Ottawa to be one of Shopify’s competitive advantages.”

Shopify has some interesting ideas about whom it would like to hire.

“Shopify is composed of highly talented, deeply caring individuals,” the company noted in a recent filing with the U.S. Securities and Exchange Commission. “But at our core, we value people who get s@#$ done, build for the long-term, focus on simple solutions, act like owners and thrive on change.”

http://ottawacitizen.com/business/local-business/shopify-to-…

They are going to expand over a course of several years so they don’t take on the full cost all at once, yet are planning for future growth.

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I hesitate to post this here given it isn’t financial/value related, but it does give some insight into the company’s plans…

Wow, foolintheopen, that is certainly very relevant news about Shopify! Thanks!

Saul

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