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Global High Tech Manufacturer Purchases Milford Building for Growth in Executive, Engineering and Manufacturing Staff and Operations
MILFORD, Conn., Feb. 4, 2014 /PRNewswire/ -- Thinklogical, a worldwide leading provider of high-performance KVM signal extension and switching systems for video-rich big data computing environments, announced today that it has acquired its headquarters and manufacturing building to address the rapidly-growing global demand for its products.
The 50,000 square foot building, located at 98/100 Washington St. in Milford, Conn., houses the company's product design, engineering and manufacturing operations, along with its executive, administrative, sales, marketing and customer support functions. Prior to the January purchase of the building, Thinklogical leased approximately half of the space. Double-digit growth in demand for Thinklogical systems in each of the past five years has driven a significant increase in hiring of engineers, manufacturing and administrative personnel. As a result, Thinklogical has nearly doubled its overall staff in that timeframe with most of the new positions being located at the Milford facility. By acquiring the entire building, Thinklogical has secured a headquarters location to support its planned growth for the next several years.
"We examined several alternatives to secure the space needed to support our growth," said Scott Willey, chief financial officer of Thinklogical. "Milford, and specifically the location on Washington St., proved to be the best option in terms of value, central location and a supportive environment to conduct global business. This is an exciting time for Thinklogical and we are pleased to share it with the City of Milford through financial growth and new jobs."
"Our sincere congratulations to Thinklogical for again innovating and expanding their base," said Kathleen Alagno, president and CEO of the Milford Chamber of Commerce. "It is wonderful news to hear that a global company has chosen Milford as its headquarters location, and is doubling their footprint and creating jobs in Milford."
Thinklogical LLC is the leading manufacturer and provider of fiber-optic KVM, video, audio and peripheral signal extension and routing solutions used in government, entertainment, scientific and industrial applications. Thinklogical is headquartered in Milford, Connecticut and is privately held by Riverside Partners, LLC, Boston, MA (http://www.riversidepartners.com). For more information about Thinklogical products and services, please visit www.thinklogical.com.
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