Columbia software developer Acadia Human Capital Solutions, which recently received a hefty infusion of capital, will relocate to Charleston and double its work force within the year, according to The Post and Courier.
Acadia develops software to help employees manage human resources. The move comes after PMW Technologies bought the company in conjunction with a $5 million round of venture capital funding, the company’s first from institutional investors. Intersouth Partners of Durham, NC, led the financing, and Atlanta-based C&B Capital participated, according to The Post and Courier.
The financing will help develop Acadia’s technology and expand its offerings.
Acadia launched in 2001 and serves major companies such as Aflac, AAA and Bose. It plans to focus more on small and mid-sized companies with 50 to 1,000 employees as it grows.
The Post and Courier story did not mention whether the company was approached by or considered moving into Innovista, the University of South Carolina’s $250 million research campus.