Business Florida 2021 - The Regions
Broward • Indian River • Martin • Miami-Dade • Monroe • Palm Beach • St. Lucie
Innovation & Technology
In 1980, a team of engineers in Boca Raton designed and built the first IBM PC, a machine that would forever change the American workplace. Forty years later, Florida continues to be an innovator, ranking first in the Southeast and third in the nation for high-tech employment growth.
Ultimate Software, one of Southeast Florida’s largest and most profitable tech firms, in April 2020 announced its merger with Massachusetts-based Kronos. The new company with 12,000 combined employees and approximately $3 billion in revenue plans to announce a new company name. Meanwhile, in June 2020, IDG’s Insider Pro and Computerworld “Best Places to Work in IT” ranked Ultimate Software No. 1 among large organizations for the fourth consecutive year; Kronos was No. 2 among midsize organizations.
Elsewhere in the region:
• Accelirate, an IT firm focused on helping companies accelerate automation within their business processes, plans to double its workforce in Sunrise over the next few months as it launches new services in the areas of process automation and artificial intelligence.
• Misfits Gaming Group, an e-sports and gaming leader in the IT industry, is expected to create 30 new jobs with the opening of its $1.35 million, 18,000-sq.-ft. corporate headquarters in Boca Raton.
• Music streaming service Spotify plans to open a 20,000-sq.-ft. office in the mixed-use development Oasis that is a part of Miami’s Wynwood Arts District. Other high-tech companies with a presence in the area include Facebook, Google, Uber and Chewy.
• The new investment group, Black Angels Miami, aims to increase opportunities for budding entrepreneurs to receive startup funding by helping African-Americans and other minorities become angel investors. It launched in January 2020 with $250,000 from the John S. and James L. Knight Foundation.
KEY PLAYERS: Accelirate, Sunrise; Citrix, Fort Lauderdale; Cyxtera Technologies, Miami; Modernizing Medicine, Boca Raton; Prolexic Technologies, Hollywood