A Columbia software developer that just received a hefty infusion of capital plans to relocate to Charleston and double its work force within the year.
Acadia Human Capital Solutions, which develops software to help employers manage human resources, brought on two former executives of Daniel Island-based Benefitfocus to run the local operation. Nate DaPore serves as president and chief executive, and John Smith serves as chief technology officer.
Acadia's vice president of strategy, Charles Wyke-Smith, said the company intends to grow from its current 21 employees to about 50 by the end of 2010.
He said he thinks most of Acadia's Columbia employees will move to Charleston, but the company already has posted positions it must fill immediately when it opens there. The company's Columbia office is on Sumter Street near Blanding Street.
Acadia will be based at Charleston's business incubator and resource center known as Flagship until it finds a permanent home.
Ernest Andrade, director of the Charleston Digital Corridor initiative, said the company is the eighth and final enterprise - mostly small technology and life-sciences businesses - to occupy space at the Flagship.
Acadia's growth comes after PMW Technologies bought the company in conjunction with a $5 million round of venture capital funding, the company's first from institutional investors. Intersouth Partners of Durham, N.C., led the financing, and Atlanta-based C&B Capital participated.
The financing will help develop Acadia's technology and expand its offerings.
Acadia launched in 2001 and serves major companies such as Aflac, AAA and Bose. It plans to focus more on small and mid-sized companies with 50 to 1,000 employees as it grows, according to Wyke-Smith.