It's firms like
Llamasoft that are contributing to Ann Arbor's declining jobless rate, which fell to 5% in September, according to the Michigan Bureau of Labor Market Information and Strategic Initiatives.
Llamasoft, a global developer of supply chain software, has added another floor to its headquarters office in the First National Bank building, at 201 S. Main Street in downtown Ann Arbor. The firm is now adding the 5,800-square-foot fifth floor to its office domain. It also occupies the building's fourth floor and half of the third floor.
"We've already got about half of our folks in [the new space] and will be fully migrated in before the end of the year." Llamasoft Executive Vice President Toby Brzoznowski says.
The company recently announced a partnership with Nike, Inc. to co-develop supply chain software to facilitate the athletic wear firm's logistics and environmental aims. It also recently received a $6 million Series A financing round, a combination of venture capital and an investment from Nike.
Llamasoft has almost 150 employees. "We have pretty aggressive growth plans. We've basically doubled in size almost each of the last two years," Brzoznowki says. "I suspect that over the next twelve months, there'll be another 30-40 additional heads that will come on board."
Source: Toby Brzoznowski, Llamasoft executive vice president
Writer: Tanya Muzumdar
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