[This announcement originally appeared on “Walnut Creek payments company YapStone signs lease for new headquarters“.]
Walnut Creek-based YapStone said Thursday that it signed a lease for its new headquarters to accommodate the payment company’s rapid growth. YapStone leased 35,444 square feet on one floor at 2121 N. California Blvd. in Walnut Creek from Tishman Speyer Properties. All of the company’s employees working at the Walnut Creek headquarters at 2033 N. Main St. will move to the new space. The company expects revenue growth this year to clock in at 40 percent. In each of the last 10 years, YapStone has generated 30 percent annual revenue growth.
The privately held company has hired 88 people companywide this year, with employment expected to reach 260 people by year-end. Senior hires have previously worked at eBay (NASDAQ: EBAY) and its PayPal unit, Genentech, Square and Yahoo. (NASDAQ: YHOO). YapStone is the payments platform for marketplaces such as VRBO and HomeAway as well as more than 700 property management companies. YapStone was featured prominently in a San Francisco Business Times cover story earlier this year about how startups, tech giants and banks are all grabbing turf in the payments business.
YapStone is led by Tom Villante, co-chairman and CEO, Matt Golis, founder and co-chairman, and Kelly Kay, President and Chief Operating Officer. The company plans to move its Walnut Creek employees into the new space in September. YapStone also has offices in Santa Monica and Drogheda, Ireland. “This is an exciting time for YapStone,” Villante said. “In addition to significantly growing revenue this year, we’re adding employees across various functions including engineering, product development and marketing. “We are looking forward to moving into a cool, new office space that will accommodate our current and future growth.”