Sydney financial software developer InfoComp has relocated to new larger premises due to five years of continued growth.
Luke Dean, a spokesperson for InfoComp, said the 17-year-old developer had grown its turnover by an average of 20 percent over the past five years.
InfoComp's new Sydney premises on York Street in the central business district were three times larger than the old offices, he said.
The company had also added 12 staff in the past six months. Growth was expected to continue, he said.
"The ongoing boosting of functional capabilities of existing products means prospects remain strong in the domestic market and InfoComp is also looking at offshore opportunities," Dean said.
The new office would also enable InfoComp to set up a new training and testing facility for InfoComp's clients, such as Macquarie Bank, JPMorgan Investor Services, Credit Suisse Asset Management and Perpetual Investments.
Robert DeDominicis, chief executive at InfoComp, said in a statement that the new offices would have the latest audio visual, conferencing and desktop equipment.
"Our new training and testing facilities are connected directly to our software development centre in Wollongong and will allow our clients to streamline their testing of new releases and to be more easily trained on new functionality that is introduced," DeDominicis said.
InfoComp issued at least two releases of its Composer software each year so the demand for training and testing was continual. The model could easily be expanded to include other locations as InfoComp grew, he added.
"Almost all our clients do more and more with Composer over time," DeDominicis said.