Skip to main content

Tech Firm Avetta to Open 2nd Headquarters in Houston

Published Apr 19, 2021 by A.J. Mistretta

software technology

A Utah-based software maker says it will open a second headquarters in Houston—yet another example of this region’s growing tech infrastructure. 

Supply chain risk management software company Avetta plans to open its new Houston headquarters later this year, the company said in a release. Executives told the Houston Business Journal that roughly 50 employees, including the majority of Avetta’s leadership team, is already in the Houston region. 

"We have been actively working with a real estate company who is helping us identify places, and we have a shortlist, Avetta President and CEO Arshad Matin told the newspaper. 

Avetta plans to add an additional 100 employees across its global footprint this year, including some based in Houston, Matin said. 

Avetta has an office in Irvine, Calif., where it handles much of its product development and software development. The company's headquarters in Orem, Utah, houses a variety of back-office functions and some members of the executive team, Matin told the HBJ. 

Matin said Avetta will continue to build out its platform, a marketplace that connects customers with suppliers to manage and reduce supply-chain risk. The firm has around 100,000 contracting companies and around 400 customers in its network today, and Matin aims to grow those numbers dramatically over the next few years. Avetta also sees an opportunity to implement capabilities tracking sustainability and environmental, social and governance (ESG) with its platform.

Avetta’s technology platform helps companies worldwide build resilience and continuity in their supply chains – from increasing visibility within the network to ensuring safety and sustainability. The Avetta Marketplace provides suppliers and contractors deep discounts on insurance and safety-related products and services.

Avetta also announced the hiring of two new executives, Tom McNamara as COO and Jeff Byal as CFO. McNamara, formerly COO and chief revenue officer at construction software firm Viewpoint, will lead Avetta's sales, marketing, supplier network and professional services divisions. Byal is a certified public accountant who most recently served as CFO at Kentucky-based Appriss, a data and analytics provider.

A growing number of tech companies are expanding their presence in Houston as the region works to actively recruit firms in the sector. In November, Hewlett Packard Enterprise announced plans to move its headquarters from California to North Harris County, giving the region yet another Fortune 500 company. Greentown Labs, Amazon and Google Inc. all announced significant Houston area projects earlier in 2020. 

Houston’s digital tech workforce grew last year, nudging the metro up to 11th place, ahead of Philadelphia in the rankings of the nation’s major tech centers. That’s according to Cyberstates 2021, the Computing Technology Industry Association’s (CompTIA) annual assessment of the U.S. tech sector.

The region added 8,100 tech workers in 2020, according to CompTIA’s estimates, bringing the total to 243,900. Houston overtook Detroit, which lost tech workers last year. Cyberstates 2021 found that Houston had 9,286 tech establishments in 2020, up from 8,798 in 2019. And the tech sector contributed $29.2 billion to the region’s GDP in 2019, 5.6 percent of the total. That’s up from $28.4 billion in 2018. 

Learn more about the CompTIA report in this month's Houston Economy at a Glance and read the latest report on the region's tech ecosystem

 

Related News

Digital Technology

AWS Skills to Jobs Tech Alliance Expands to Texas

7/25/24
[PRESS RELEASE] - The tech industry in the state of Texas is booming, with a growing demand for skilled workers in Cloud/IT support, software development and data analytics. According to LinkedIn, there are over 8,000 tech jobs currently unfilled in the state of Texas. To address this talent gap, AWS Skills to Jobs Tech Alliance is expanding into Texas with support from key collaborators across industry, education and government with the goal of helping to modernize tech programs of study at higher education institutions, connecting learners to in-demand tech jobs and supporting the development of a highly-skilled tech workforce in the Lone Star State. "As the pace of technological change advances in every market, the need for a globally diverse, digitally skilled pipeline has never been more important. The expansion of the AWS Skills to Jobs Tech Alliance into Texas further demonstrates our commitment to bring together government, education, industry and nonprofits to address this critical need and enable future economic growth," said Valerie Singer, AWS Global Education Lead. The initial launch of the Tech Alliance in Texas focuses on the Houston and Dallas metropolitan areas. These two major hubs are home to a diverse array of employers seeking tech talent and a robust system of educational institutions ready to prepare the next generation of Cloud and IT professionals. This launch represents a critical step in addressing the talent gap in the state's tech industry. Four of the state's higher education institutions have come together as part of the region's initial launch: Texas State University Houston Community College Dallas College Kilgore College Several of the state's most innovative companies will collaborate with AWS to identify talent needs, provide real-world learning experiences for students and hire qualified candidates into tech roles. These employers include Brooksource Corestack DLZP Group JP Morgan Chase Tanches Global Management TEKsystems "JP Morgan Chase has been deeply ingrained in the Texas community for more than a century and a half, tracing its origins back to the First National Bank of Houston," said Stacey Laurent, Vice President and Lead Technical Program Manager for JP Morgan Chase. "We prioritize investing in our community's individuals. As proud members of the AWS Skills to Jobs Tech Alliance, we eagerly anticipate contributing to the worldwide movement that revitalizes tech education and fosters a diverse, skilled pool of talent, enriching the landscape of Texas. Diversity stands as a cornerstone of our values at JP Morgan Chase; it is essential for fostering innovation and progress." Recently, Texas has been recognized for its innovative approach to aligning education policy to its economic goals. Central to these policies is the push to ensure post-secondary programming leads to high quality career pathways for Texans. This alignment of education, workforce and economic development goals fits perfectly with the goals of the Tech Alliance and provides a unique partnership opportunity with the state. To ensure that the program continues to amplify the state's priorities, AWS will work closely with the Texas Workforce Commission and the Texas Economic Development Corporation. AWS has a long history of collaborating with organizations in Texas to advance workforce development and skills attainment initiatives. Participation in the Greater Houston Partnership's UpSkill Houston Executive Committee and the Dallas Regional Chamber's Board of Directors has helped position AWS as a regional voice in workforce and economic development. These organizations, along with Alcantar Strategies, will partner with AWS to leverage their extensive networks and community connections to promote Tech Alliance programs and connect learners to opportunities. Through its employer-led UpSkill Houston initiative, the Greater Houston Partnership has invested heavily in advancing the skills and opportunities for Houstonians, ensuring employers have the skilled talent they need to grow and compete," said Peter Beard, Senior Vice President of Regional Workforce Development for the Greater Houston Partnership. "Collaborating with AWS as a member of the AWS Skills to Jobs Tech Alliance will amplify the work we are already accomplishing in Houston and advance the alignment of our talent pipelines to in-demand technology jobs in all industries." "The Dallas Regional Chamber is focused on improving the education, talent and workforce pipeline to support a high-quality life for all people in the Dallas Region," said Elizabeth Caudill McClain, Senior Vice President of Talent Strategies at the Dallas Regional Chamber. "The launch of the AWS Skills to Jobs Tech Alliance poses an exciting opportunity for business leaders across Texas to join together to address the skills gap for high-demand IT jobs while also supporting the economic mobility of Texans - a win-win for the future of our companies and communities." AWS launched the Tech Alliance in June 2023 at the DC Public Sector Summit, bringing together a global coalition of higher education institutions, employers, government and collaborating organizations to address the tech skills gap. The Tech Alliance is currently represented in nine countries (USA, Egypt, Spain, Singapore, Italy, Germany, India, Colombia and Brazil), with four other US states engaged (New York, Illinois, Washington and West Virginia). Since its global launch, the Tech Alliance has connected more than 23,000 learners from over 900 higher education institutions with over 350 employers. To learn more or get involved, please visit the AWS Skills to Jobs Tech Alliance homepage.
Read More
Digital Technology

innovateHOU: Why Digital Tech Startups Choose Houston

3/13/24
Houston’s tech scene has made many strides in recent years to set a foundation for startups to thrive, from founding to late stage, across industries. With a wealth of incubators coming online and a sharp uptick in venture capital funding, startups now have more landing spots and opportunity for growth in Houston than ever before.   We spoke to three tech startups about their experiences in Houston, including two that launched last year and one that recently relocated to Houston.   Envana Software Solutions Envana, a software-as-a-service company built to organize, model and forecast oil and gas industry emissions, has experienced tremendous growth since its launch in January 2023. The startup is a joint venture by Halliburton and Siguler Guff.  Envana's growth is marked by clients including the world’s second-largest oilfield services provider, national oil companies in APAC and Europe, and leading U.S. service providers. As the company prepares for future goals, Envana says it is looking not only to respond to demands within oil and gas, but to other energy sectors to help corporations manage their emissions.  “There’s no better place in the world for an oil and gas SaaS company to be based than Houston, Texas.  Houston is the ideal birth city for an energy startup.  For Envana –a Halliburton JV with private equity firm Siguler Guff– the city’s features, including access to investment capital, industry experts, and thought leadership in the evolving energy space, make it a prime geography. The number of energy companies based in Houston looking for innovative industry solutions is unparalleled elsewhere in the world.”  - Sally Lechin, Global Marketing, Envana  Allthenticate  Allthenticate describes itself as a cybersecurity startup on a mission to create seamless and efficient security solutions for companies via a smartphone application. The company is primarily focused on security at tech companies, though they intend to expand more of their presence to medtech and energy.   Allthenticate’s story began in 2012 as co-founder Dr. Chad Spensky pursued his PhD, eventually earning a job as a security researcher at MIT working to find gaps in security. Spensky and co-founder Rita Mounir teamed up at a startup competition at UC-Santa Barbara, taking first place and getting traction with early investors. The company was headquartered in Santa Barbara until 2022, when Spensky and his wife relocated to Houston. Allthenticate officially relocated to downtown later that year following a short stint in The Ion and learning of the many advantages the region offers as a hub for headquarters.  Allthenticate is going through another fundraising round following a $3.9 million round in 2022. The team says it remains focused on perfecting the hardware, software and application amid a rapidly changing list of security challenges, including deepfakes.  “As we’re pushing so many world’s firsts in our industry, I think our goal is to become the premier identity and access management company in the world. A lot of giants are trying to catch up, but I think we have an advantage here in what we’re doing and what we’ve built so far. In five years, I believe we will be THE identity management solution.” – Rita Mounir, Co-founder, Allthenticate  Think Diffusion  In 2023, three-time startup founder Phu Ngo produced Think Diffusion, an advanced AI video production platform. Think Diffusion has already established itself with noteworthy names, producing animated content for Toyota, McDonald’s and even a music video for Toni Braxton. Think Diffusion leverages cutting-edge open-source AI technologies to offer a comprehensive and integrated platform for AI art and video generation. Its commitment to open-source has led three universities - Swiss Federal Institute of Technology Lausanne, PVCC-Melbourne, and the National University of Singapore - to adopt Think Diffusion for their innovation labs.  Think Diffusion was started by Ngo, a Vietnamese-born Houstonian whose family found opportunity in the Lone Star State as he was growing up. Following an education at UT-Austin and UC-Santa Barbara, Ngo established himself as a software developer, eventually launching three startups. Think Diffusion spun out of Kinetic Chain Labs following a special request for animated video content, which resulted in an ultra-sophisticated art generator. For Ngo, Houston serves as an ideal place to start a business and call home.  “Houston is home for me, it has great tax advantages and there’s a lot to like. I’m excited by the growing tech hub forming here – I think the startup community at the Ion is a great example of that. On top of that, the food is amazing, the weather is great, and you get a great ROI on your money – it’s amazing here in terms of quality of life.” – Phu Ngo, CEO, Think Diffusion  Currently, Think Diffusion states that it is working on launching new experimental open-source products, expanding into AI-generated text and music, and increasing its focus on the education industry. Looking ahead, the team is ready to embrace the challenges and advantages that the future of AI could bring.  Learn more about Houston’s tech and innovation ecosystem. 
Read More

Related Events

Executive Partners