For Immediate Release:
April 8, 2021
Elizabeth Christian Public Relations
Walter Zaykowski – 202.503.5108
Danielle Kaigler – 617.840.1689
AUSTIN, Texas — Opportunity Austin, the Greater Austin Chamber’s five-county prosperity initiative, today announced that tech company Markaaz has relocated its headquarters from Los Angeles to Austin.
“Opportunity Austin is thrilled that such a rapidly growing global organization has moved its headquarters to Austin,” Charisse Bodisch, senior vice president, economic development for the Austin Chamber of Commerce, said. “Markaaz is a welcome addition to the Austin region’s flourishing tech industry and the new jobs being created are crucial for our economy as we continue to recover from the pandemic.”
The company’s decision to choose Austin for its headquarters signifies the strength of the Austin region’s local talent pool as the company has stated it is actively seeking to hire up to 70 people by the end of the year and has plans to expand to a team of approximately 150 by the end of 2022.
“To accommodate our growing organization, we needed to find a city for our corporate headquarters that aligned to our long-term business needs and core values,” Hany Fam, founder and CEO of Markaaz, said. “Our core value of ‘do good’ – which emphasizes people who care about their impact on the world, the environment, society, the economy and the communities we live in – aligned with the heart and soul of the Austin community.”
Markaaz is the world’s first global platform to connect small businesses and the network of partners that support them. Markaaz’s directory will help business owners save time and money by allowing them to identify, connect, monitor and transact with verified suppliers and partners. The directory features 119 million small and medium businesses (SMBs) and will grow to more than 300 million SMBs later this year, brought together in one powerful Dashboard for SMBs where SMBs can find all the resources they need to run, manage and grow their business.
The company established its new headquarters in Austin in March of this year. Their new space is located in the Foundry I, located at 310 Comal St. #201.
About Opportunity Austin
Opportunity Austin is the economic development initiative aimed at fostering job-creating investment in the five-county Central Texas region. Top priorities include boosting economic diversification to proactively strengthen the economy, deepening the talent pool through development and attraction, and keeping the Greater Austin region attractive to entrepreneurs, business leaders and site selectors through advocacy on issues such as comprehensive regional transportation system and regional collaboration. Since 2004, Opportunity Austin has helped bring more than 400,000 total jobs to the Austin region. Learn more about Opportunity Austin here.
About the Austin Chamber
The Austin Chamber of Commerce is a nonprofit membership organization that helps live, work and thrive in Austin. The Chamber invests in a broad range of programs that build, support, and diversify the Austin region’s economy. Its vision is for Austin to have the country’s most prosperous business community. To learn more, visit austinchamber.com.
Markaaz is the world’s first global platform to connect small businesses and the network of partners that support them. Through the pre-verified Markaaz Directory of global SMBs, an all-in-one Dashboard with integrated tools and resources, and a user experience supported by AI, Markaaz will deliver accessible and affordable solutions to empower global SMBs like never before. Recognized internationally by the World Economic Forum as a Global Innovator, founded by a team of world-class executives and advisors who have done this before, and in collaboration with strategic partners, Markaaz is driving equitable and inclusive solutions for SMBs around the world. Learn more at www.markaaz.com.