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Social Solutions leaving incubator to expand in county

May 29, 2009  •  source

Social Solutions Inc. is leaving Baltimore's Emerging Technology Center incubator for 17,000 square feet of office space at the 1,000-acre Crossroads @95 development in White Marsh.

The move will give the software company a chance to grow—it has desks in the hallways at its current space in Canton, CEO Matt Schubert said. Social Solutions is building out the space with plans to double its 85-person work force over the next 18 months, he said.

It's a significant step for the company, which has grown from annual revenue of $1 million to $11 million during its four-year stay at the incubator. And it's another lease for the large office park, which has landed several major headquarters as tenants but recently has held up construction on buildings because other lessees are scarce.

Schubert said the company was able to be an exception to that because demand for its software has grown as donations to nonprofits have dwindled in the economic downturn.

Social Solutions' software helps private and governmental social service agencies track the effectiveness of programs they oversee, pulling out hard numbers that can prove a return on investment for donors or taxpayers.

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