Finland-based Vincit expands by leasing Scottsdale office space
A year and a half after the acquisition of a Valley tech company, Vincit is expanding into a new office in Scottsdale.
Vincit will move into a 4,268-square-foot space in south Scottsdale at the Quad, bringing 25 employees to its new space located just southwest of Old Town. The firm first expanded into Arizona in April 2021 after it acquired Scottsdale web marketing firm Vuria Creative Technology.
“Arizona was a strategic choice we made last year, and I’m glad we did,” said Ville Houttu, CEO of Vincit USA in a statement. “Even before Gov. Doug Ducey’s announcement to invest $100 million into the semiconductor industry, we could see the fast technology growth in the Valley. Such a competitive market is exactly where our development and design expertise lend value. It is really exciting to be positioned in such an increasingly vibrant ecosystem.”
A timeline for when Vincit exactly will take occupancy of the office wasn’t immediately known on Monday afternoon. Upon opening the office, it will have an address of 6320 E. Thomas Road in Suite 200.
Vincit does web design and development, mobile apps and other digital solutions for clients such as Yamaha, Kellogg’s, GE and Logitech. The company went public on Nasdaq’s First North market in 2016 and trades under the ticker symbol “VINCIT,” according to previous reporting.
Vincit chose to expand at The Quad because of its proximity to local universities and the existing tech ecosystem in greater Phoenix, according to the Greater Phoenix Economic Council, which said it has been working with the company since January 2021.
“Greater Phoenix sits at the center of the technology supply chain with entrepreneurs and suppliers innovating to discover the next generation of disruptive technology,” said GPEC President and CEO Chris Camacho in a statement. “Technology cycles are moving as fast as the supply chains that feed them, and we’re excited to partner with Vincit as it adds its development and design expertise to the existing ecosystem in Greater Phoenix.”
JLL’s Kyle Seeger and Ryan Bartos represented Vincit in the new lease deal while CBRE Group Inc.’s Charlie von Arentschildt represented the landlord in the deal. The Quad is a 166,606-square-foot office complex owned by Vancouver, Canada-based City Office REIT.
In addition to its new Scottsdale office, Vincit has a presence in Southern California as well as in Sweden, Poland and Finland, where it was founded in 2007.
Houttu previously told the Business Journal that Vincit lacks the hierarchy typically seen in American corporations; all Vincit jobs are functional after the company eliminated middle management roles in 2013. He said that the lack of firm roles gives employees freedom to be entrepreneurial within the company, but the switch in thinking has been a bit jarring for Americans.
The company name Vincit is a Latin verb meaning overwin, win or conquer; a conjugation of the word was made famous by Julius Caesar’s reported use of the phrase “Vini, Vidi, Vici” in ancient Rome.
Upon opening at the Quad, it will join such companies as the James Agency, Anomalie, and Remarkable Health among others. The Quad offers amenities such as an on-site fitness center, bike parking areas, fenced dog park areas, and an on-site restaurant called the Pitch, among others, according to the marketing brochure for the Quad.