Tech Atlantis, a provider of cloud-based tax services, is relocating in Fayetteville to the downtown square, which has morphed in recently years into a technology hub.
Tech Atlantis is also renaming itself Zenwork as it moves into a suite in the Pryor Center at 1 E. Center St. Founder Sanjeev K. Singh said the move to a bigger space was needed because of the company’s growth; the company had been located on Rollston Avenue.
Singh said Zenwork should clear $5 million in revenue this year, and it has seen approximately 100 percent growth in each of the past three years. Singh said the company works with nationwide businesses such as H&R Block and GrubHub.
Zenwork offers its clients a variety of financial services, and Singh expects to hire as many as 10 more employees to handle the company’s growth in the next year.
Zenwork is also opening a sales office in San Francisco.
“We felt downtown was the best location with the tech startup ecosystem,” Singh said. “We wanted to be close to the square. We have clients in all 50 states and serve all shapes and sizes.”
Singh said the multiple services his company offers — one has seen its revenue grow more than 300 percent — gives Zenwork a firm foundation for future growth. He said the cloud-based financial services sector is a multibillion-dollar industry.
“It’s all product,” Singh said. “Our market is not speculative. We’re consistently profitable. We’re a tiny drop in the ocean. We’re just beginning.”
Singh said the company’s new location was close to Jeff Amerine’s Startup Junkie Consulting; Amerine was instrumental in helping Singh locate to northwest Arkansas after Singh, then based on the West Coast, started his business a few years ago.
Singh and his wife were expecting their second child, and northwest Arkansas turned out to be the perfect mix of work and play.
“I needed to focus on my business, and I wouldn’t have been able to do that in a big city,” Singh said.
“Northwest Arkansas had the ecosystem support I needed and the perfect work-life balance.
“It’s a no-brainer.”