13th Nov 2013 11:55
LONDON (Alliance News) - blur Group PLC Wednesday said it has opened a strategic development office in Southern California in an attempt to tap the technology business in its largest market.
The Exeter-based company said Chief Strategy and Exchange Development Officer Mitch Faigen will lead the team at the new office, its second in the US, developing the company's strategic plans and business model including mergers and acquisitions plans.
Faigen has strong business connections in the area, the company said, adding that it has also recently strengthened the team at its headquarters.
The company provides online payments technology.
"The US market has been our fastest growing geography and opening a second US office will position us for more growth," Chief Executive Philip Letts said in a statement.
"Our significant new senior hires from organisations such as Google, AOL, Expedia, Italia Online, Sapient and Lloyds Bank will support blur through its next stages of growth," he added.
blur Group shares were down 0.1% at 445.7 pence Wednesday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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