Raygun announces $15 million NZD investment into Wellington
Wellington, 22 November 2018 - Award-winning NZ technology company, Raygun has announced plans to invest $15 million NZD into Wellington, as it looks to more than triple its local employee headcount over the next two years.
The New Zealand company headquartered in Wellington with an office in Seattle generates 92% of its revenue from exporting and builds software products that help companies provide better online experiences for their customers. Raygun is already the software quality and application performance tool of choice for global brands such as Coca-Cola, Avis, Domino’s Pizza, Microsoft, and Samsung.
At an event last night to celebrate the recent release of Raygun’s third product - Application Performance Monitoring (APM) - Raygun CEO John-Daniel Trask (JD) says although they are now in a market with an estimated worth of $7 billion NZD, it’s not necessary to have all resource centred in the US.
“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. 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.
“The main challenge for us will be 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. We are also investing in training more junior local employees in a supportive environment.”
For now, JD says 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”, says Raygun CEO, JD Trask.
Raygun is an award-winning application monitoring company. Founded in 2007, Raygun is headquartered in Wellington and growing rapidly with over 30 staff across its New Zealand, and Seattle offices.
Handling more than 100 million requests every hour, Raygun services clients such as Coca-Cola, Domino's Pizza, Microsoft and Samsung. With 90% of its product revenue from exports, Raygun plans to make a $15 million investment into the Wellington region in the next two years.
Raygun has previously been recognised as a finalist for The Wellington Gold Awards 2016, won the NZ Hi-Tech Awards Start-up of the Year 2015, and won the Innovative Hi-Tech Software Product of the Year 2014.