Bandwidth Inc. (NASDAQ: BAND), has announced a major expansion of its Raleigh, North Carolina operation. Bandwidth will designate Raleigh as its corporate headquarters and will expand operations in Wake County by adding 1,165 jobs and generate more than $100 million in capital investments.
Bandwidth is a software company focused on communications for the enterprise and has called Raleigh home for the past 19 years. Bandwidth is currently located on North Carolina State University’s Centennial Campus. It has grown to more than 750 employees between the Raleigh, Denver, and Rochester offices. The company completed an initial public offering (IPO) in 2017 and has played a critical role in the development of communications for global companies such as Google, Microsoft, Zoom, and many others.
“We are excited to share the commitment Bandwidth has made to Raleigh, Wake County, and the region. Even as this community faces recovering from a global pandemic, we are confident Raleigh will continue to be a competitive, resilient market,” said Adrienne Cole, president and CEO of the Raleigh Chamber. “Bandwidth remains one of our community’s greatest supporters and we are excited that Bandwidth will continue its journey in Raleigh.”
Bandwidth will look to grow its existing workforce by adding roles focused on research and development, sales and marketing, operations, and administration. Bandwidth’s new positions will offer wages that average $96,832 in annual total cash compensation. Bandwidth will continue its long-standing commitment to innovation, company culture, and employee wellness by building their corporate headquarters in Raleigh.
“We are excited to have Bandwidth grow their roots in Raleigh. Our community will stand to benefit from this announcement for many years to come,” said Michael Haley, executive director, Wake County Economic Development (a program of the Raleigh Chamber.) “From jobs created, to investment in the community, to growth, Bandwidth is helping secure the future of Wake County.”
The following organizations were key partners on this project: N.C. Department of Commerce, Economic Development Partnership of North Carolina, North Carolina Community College System, Wake Tech Community College System, Wake County Board of Commissioners, Wake County Economic Development, Raleigh Chamber, Raleigh City Council, City of Raleigh Office of Economic Development and Innovation, Capital Area Workforce Development Board, and North Carolina State University.