The Growing Links between Boston and Berkshire
Last year we reported on ‘a growing phenomenon’ of investment projects linking the East Coast of the United States and Berkshire. This year we can report on these continued links with additional, new, investment and expansions from foreign-owned companies with their global HQs based along the Boston-Cambridge, MA corridor.
The Department for International Trade (DIT) and Thames Valley Chamber of Commerce (TVCC) report a total of 12 foreign direct investments ‘landing’ in Berkshire from the East Coast of the USA (sourced from Boston-Washington-New York), including Universal Electric Corporation. From the greater Boston area, new investments and expansions reported include those by Acquia, Carbon Black and Rapid7.
Acquia provides an open source platform that allows organisations to build, manage and activate ambitious digital experiences at scale. The firm’s expansion and investment this year comes on the back of their original investment last financial year. Long-time residents of Reading, the team is growing at such a pace that the need for more space will see Acquia move offices to The White Building in October 2018 from their current location.
Carbon Black is the leading provider of next-generation endpoint security opened their EMEA HQ in Reading (The White Building) to better cater for its rapid expansion, notably into European markets. They have already grown staff numbers beyond their initial trajectory, and have plans to at least double these numbers over the next three years.
Cloud-based services firm, Rapid7’s expansion continued out of their Theale office. Recent growth in the UK has included an additional 25 hires covering Sales, Marketing & Operations services. Further UK investments are anticipated off the back of continued quarterly growth.