LEXINGTON, Ky. — Sky Systemz, a software-as-a-service (SaaS) company focused on digital payment and business management solutions, is moving its offices to the top floor of a downtown Lexington high-rise.
Sky will relocate from its 2,700-s.f. space in Harrodsburg, Ky., to a 14,000-s.f. commercial space atop the Vine Center at Main and Broadway in downtown Lexington. Over the last year, Sky has quickly outgrown its beginnings and is focused on scaling business for the big stage. The company’s growth has exceeded 1,000% over the past two years!
Sky Systemz is a cloud-based digital payments and financial technology company with no contracts, no monthly fees and low rates with innovative “bolt-on”cloud tech to run complex applications. It bills itself as a partner to businesses nationwide that want to grow while keeping more of their profits.
“It was no longer sustainable running our operations, sales, distribution and service center with everyone piled into a single room,” said CEO Brian Nichols. “With our goals to surpass a compound annualized growth rate (CAGR) of 300% over the next three years, coupled with our hiring initiatives to add 100 new staff over the next 24 months, we needed a large place to support our growth and expand even more when ready.”
Sky was founded in 2017, then launched in late 2019 as a point-of-sale system and payment processor. It has grown from a small team of Nichols, a few family members and a couple friends, to over 50 employees after recently hiring 15 new staff in June. The new location will allow Sky to hire and relocate talent in Kentucky.
Competitors in the industry include: Square primarily works with small businesses that fit in their out of the box solution; Toast aims to serve restaurants; Shopify is focused on e-commerce first businesses. Meanwhile, Sky was built to serve an unmet need for professional service customers that require customizable solutions, a market it believe has been overlooked.
The company plans to move into theLexington office in mid-July.
“This new office gives us the space to hire and train staff, support our customers, and build new features efficiently from a central office,” Nichols said. “Now, with a streamlined growth process in place, I am very excited to see what we accomplish in the years ahead as we scale nationwide.”
Learn more about Sky Systemz at skysystemz.com
—From PRNewswire
Click here for more Kentucky business news.
