PowerDMS, Inc., a cloud-based document management software company, will expand its presence in downtown Orlando, Florida, adding 65 new jobs over the next three years and investing $400,000 into the region. In addition to being awarded a financial incentive from the City of Orlando, PowerDMS recently secured growth equity funding from Ballast Point Ventures and plans to use the investment to augment its sales and marketing team and enhance its technology platform by offering new features to its customer base, which includes law enforcement, public safety, healthcare and retail.
Founded in 2001, the company’s software platform provides “practical tools necessary to organize and manage crucial documents and industry standards, thereby helping organizations maintain compliance with constantly evolving industry accreditation protocols.”
Structured as a software-as-a-service (SaaS) model, PowerDMS combines attributes of Governance and Risk Compliance (GRC) and Enterprise Content Management (ECM) into its software platform, allowing customers to manage risk through living compliance documentation and content.
The application provides tools to organize and manage crucial documents and industry standards, train and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability.
“Downtown Orlando is a great location for dynamic tech companies like PowerDMS,” said Orlando Mayor Buddy Dyer, “with a talented labor force, business friendly environment and high quality of life, Orlando has become an ideal site for corporate headquarters looking to expand.”