Company expands investment in the Rochester technology community, and relocates into the city
Rochester, NY — Calero, a leading provider of Technology Expense Management (TEM) and Market Data Management (MDM) solutions announced today that it plans to move its current Rochester location from Henrietta to University Avenue in Rochester’s Neighborhood of the Arts (NOTA) area, expanding its operations center and adding many new jobs over the next five years.
“Locating our new facility in the heart of Rochester will enable us to attract top technology talent and create a more collaborative environment across our growing and dynamic team,” said Scott Gilbert, President of Calero. “Our ongoing investment in the area is an important growth strategy not only for our company, but also for the City of Rochester. The Rochester facility will serve as our largest global operations center and is critical to fueling our continued growth by tapping into the right talent and resources. We are excited to become a staple within the community and play an important role within the rapidly growing technology scene in Rochester.”
To support this project, Empire State Development (ESD) is providing up to $1 million dollars through the Excelsior Jobs Program in exchange for job creation commitments.
“Rochester is quickly gaining a reputation as the home of some of the most innovative tech companies in the region thanks in part to targeted state investments and our locally-driven approach to economic development," Gov. Andrew Cuomo said in a separate statement.
The company plans to move to its new location at 1040 University Avenue during the second quarter of 2020. To learn more about Calero and current job openings, visit calero.com.
Calero is a portfolio company of Oak Hill Capital and Riverside Partners.
Calero is a leading provider of Technology Expense and Market Data Management solutions designed to provide clarity, control, compliance and cost savings. With a deep commitment to innovation and customer service, Calero partners with enterprises to provide a unified expense management platform that supports Telecom Expense Management, Managed Mobility Services, the Internet of Things and Financial Market Data Management. Calero has thousands of customers in over 50 countries worldwide, including corporations, universities, financial institutions and government agencies. Learn more at www.calero.com.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund VI, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. For more information, visit www.riversidepartners.com.
About Oak Hill Capital
Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Over the past 33 years, Oak Hill Capital and its predecessors have invested in over 90 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit www.oakhill.com.