A technology company called Pramata is branching out to Kansas City. The company’s office in Kansas City's Crossroads neighborhood will be its only U.S. hub outside of the San Francisco area.
Missouri Gov. Jay Nixon stopped in Kansas City to make the announcement.
“Companies like this one can take their investments anywhere in the world,” proclaimed Nixon. “So we are very excited they decided to put down roots right here in Missouri.”
Pramata helps companies analyze mounds of data buried in contracts. Its economic impact here won’t be huge, just 15 jobs for starters, but its decision to move here is interesting.
CEO Praful Saklani says the company has been doing business in Kansas City for years, and employs a couple of executives from here, so he had a pretty good vantage point on the way the city is developing.
“When I look at what’s going on, especially in the center of the city, over the last five years, kind of seeing how things have accelerated, the Crossroads District, the Power & Light District, the performing arts center, and things like that, it’s impressive,” says Saklani.
Saklani says the low cost of living here was also inviting. He says the company considered cities up and down the Central time zone, from Texas to Minnesota, where he’s from.
“Where can we be where our employees can live close to the office, and have things to do, entertainment options, restaurants, etc.? Where can we be so that if we fly people from our other offices, or customers into the location, they’ll also feel that they’re not in the middle of nowhere, so to speak? That urban core has come a long way here over the last few years, and I think that’s a big attractor,” Saklani says.
Saklani he expects Pramata to expand well beyond its initial 15 employees here.