Prescient moves HQ from Arvada
High-tech construction firm Prescient Co. announced Wednesday it will move its corporate headquarters to North Carolina after calling the Denver-area home for the past five years.
The company, which recently raised $40 million in venture capital, said that about six of its executive, sales and financial staff are in the process of moving from its Arvada offices to a new office space in Durham, N.C.
The company, which employed nearly 300 people here in the spring, will continue to have a large presence in Arvada, where it has a 120,000-square foot manufacturing plant.
“The Arvada plant is still the heartbeat of every project developed west of the Mississippi River,” company spokeswoman Melissa Christensen said. “…As we continue to grow, we are creating new jobs in both (Denver and North Carolina) markets, and look forward to continued growth. We’ve doubled our growth (year over year) since our inception in 2012, and this news is evidence of this growth.”
In a statement, Satyen Patel, chairman and former CEO of Prescient said, “Relocating our headquarters will allow us to expand our national footprint and better accommodate customers along the East Coast, from Maine to Miami.”
Prescient, which started in 2012, captured the attention of the construction industry by mashing together technology that provides precise design and manufacturing to build apartments, hotels and other commercial buildings faster, cheaper and greener.
Its technology helps speed up the process of building a multistory structure, from engineering and design to manufacturing.
Since materials are manufactured to precise measurements and then assembled on site, it becomes like a jigsaw puzzle filled with the right-sized pieces for construction workers to put together.
The company also opened its new plant in Mebane, N.C., on Wednesday, which doubles the company’s annual capacity to 11 million square feet.
The North Carolina plant is expected to eventually employ 200 people.
The headquarters in North Carolina will eventually employ 60.