German SaaS firm GBTEC opens Providence office
A German company that offers AI-powered business transformation services has opened an office in Providence.
GBTEC is now up and running at 225 Dyer St. at the Cambridge Innovation Center. Providence is an "ideal launchpad" for its growth strategy in North America, the company said this week.
The office is led by Scott Leddy, vice president USA of the GBTEC Group, headquartered in Bochum, Germany.
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'The U.S. market holds tremendous potential for us. We're focused on building future-ready projects with our clients and positioning GBTEC as the go-to SaaS partner for digital process excellence in North America," said Leddy.
GBTEC provides business process modeling. It offers enterprise architecture management, digital process automation, and software for compliance, risk and governance. The company said its new office allows for closer collaboration with local clients who want faster execution of digital transformation initiatives on-site.
It's the second U.S. office for GBTEC, which also has a location in Delaware. In addition to its headquarters in Germany, GBTEC has offices in Spain, Australia, and the U.K. It employs around 300 people globally.
'The growth of our U.S. operations is a core element of our international strategy,' said GBTEC co-founder Marc Stromberg.
The global SaaS market size was valued at $266 billion in 2023 and expected to grow at a compound rate of 20% through 2032, according to Fortune Business Insights. The growth comes as companies seek automation, secure cloud-based solutions, and data-driven analytics to compete in today's economy.
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