AKRON, Ohio (Aug. 22, 2018) – Bounce Innovation Hub and the City of Akron announced today that Bounce has signed a lease with SaberLogic Inc. SaberLogic is a 24-person software consulting firm and the developer of Bezlio, a mobile app that allows customers to design their own dashboards, without code, providing real-time access to data for a remote workforce. The company will move to Bounce from its current location in Wadsworth in September.
The 16-year-old company pivoted in 2016 from software consulting to focus solely on Bezlio and recently completed a $2 million seed funding round. SaberLogic will occupy approximately 2,700 square feet on Bounce’s eighth floor and plans to expand its staff to 40 employees; add 15,000 users; and raise $5 million in annual revenue within three years. This growth plan prompted the move to Bounce.
“This is why Bounce exists,” said Bounce CEO Doug Weintraub. “We have the space to accommodate growing companies like SaberLogic and we offer the entrepreneurial and business support they need at this point in their journey. SaberLogic is an impressive, high-growth company and we look forward to working with them.”
Bounce is an initiative of the City of Akron, and is the region’s first open innovation hub serving Northeast Ohio’s entrepreneurial and innovation community. Bounce encourages open collaboration among diverse groups through unique opportunities, programs and events.
“The attraction of innovative companies like SaberLogic is evidence that Akron’s shift to an innovation-based economic development strategy is working,” said Akron Mayor Dan Horrigan. “Months into operation, Bounce is already establishing itself as a hub of innovation and entrepreneurial activity, working in close partnership with our Office of Integrated Development to fuel progress. We are proud to welcome SaberLogic to Akron and look forward to supporting their continued success.”
SaberLogic CEO Adam Ellis said it is the exciting startup ecosystem forming in Akron that attracted them to Bounce.
“We started in Wadsworth 16 years ago and will always be grateful to the community,” he said. “But Bounce puts us at the epicenter of an ever-expanding set of support systems to help startups thrivein Ohio. We can’t wait to move in to our space, where we can see that beautiful Akron skyline every day.”