App specialists Raygun commits $15M investment to Wellington
- 27 November, 2018 03:15
John-Daniel Trask (Raygun)
Raygun has announced plans to invest $15 million into Wellington, as the application monitoring specialists look to more than triple its local employee headcount over the next two years.
Founded in 2007, Raygun is headquartered in Wellington with over 30 staff across New Zealand and Seattle offices.
Handling more than 100 million requests every hour, Raygun services customers such as Coca-Cola, Domino's Pizza, Microsoft and Samsung.
With 90 per cent of its product revenue from exports, Raygun plans to make a $15 million investment into the Wellington region within the next two years.
“The cost to operate is far lower in New Zealand than in the likes of Silicon Valley, where employees can be twice the cost, but certainly not twice as talented or capable as our own employees here in Wellington,” said John-Daniel Trask, CEO of Raygun.
“Our experience to date shows we can build and distribute software from Wellington, with customers able to buy from us from anywhere in the world. Software overcomes the tyranny of distance.”
According to Trask, the main challenge will now centre around hiring in an environment that has an existing tech talent shortage.
“As an immigration accredited employer, we are already relocating talented individuals from overseas who will bring with them their skills and experience and help us grow with greater speed and agility,” Trask added.
“We are also investing in training more junior local employees in a supportive environment.”
For now, Trask said the company has a "strong focus" on "getting their product into more people's hands" and building off the back of their current 60,000+ strong user-base.
“2019 will be about putting more investment into marketing and sales to accelerate our growth while continuing to improve our suite of application monitoring tools, based on the feedback from our global customer base,” Trask added.