Business & Tech
Unemployment Dips Below 10 Percent as Enphase and Taleo Add Jobs
Down to Business is a weekly column that focuses on what local companies are doing; who's hiring, expanding and making national headlines. Got a tip? Send it to reporter Kevin King, email below, or to Patch editor Karina Ioffee at karina@patch.com
Two companies will be expanding operations and adding jobs to Petaluma within the next several months.
Enphase Energy, a producer of solar panel micro-inverters, and Taleo, a talent management company, plan to add a combined 40 jobs to the city’s office force as soon as possible.
Enphase develops micro-inverters that are more efficient in transferring solar energy into AC electricity than current models. Enphase plans to add about 30 new members of staff just as the company is set to go public, according to the North Bay Business Journal.
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The public offering could reach $100 million, according to some estimates.
Most of the positions are in the engineering and software fields, although some sales and marketing positions remain open too, said Christine Bennett, a spokeswoman for Enphase.
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The company will also move to its new location at 1420 N. McDowell Blvd. within a few months, according to Bennett. Net revenue for the company was $61.8 million in 2010.
Taleo, a company that creates human resources software, is also expanding. The company recently moved into a 4,000 square-foot space on the Petaluma Marina and will hire an addition 13 people.
Taleo came to Petaluma via its acquisition of Cytiva Software. Taleo generated $267.2 million in revenue in the twelve months ending on June 30, 2011. More than more than 5,000 companies worldwide, including half of Fortune 100 companies, with its cloud-based, talent-management software.
The software helps human resources departments headhunt for better talent, properly compensate employees and help those employees and departments perform more efficiently.
Even with these positions yet to be filled, Sonoma County dipped below 10 percent unemployment in October, the first month since May and the third month this year, according to the California Employment Development Department.
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Also changing locations this month will be Old Republic Title Company to a bigger office downtown.
“It’s fantastic to be able to walk to the deli or any number of restaurants for lunch,” said Vice President Julie James, who serves as the office’s branch manager. “Our customers echo the same sentiment.”
With the new office in the Theatre District, Old Republic plans to add to its staff as well, according to Jones. The company handles title, escrow, trustee and commercial services for real estate transactions, as well as fully-insured products.
The ribbon cutting ceremony will be today from 5:30 to 6 p.m.
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Subway Sandwiches will open next week in Plaza North, near K-Mart, on the east side of town, replacing Coyote Grill, the Mexican restaurant that closed in July, according to Amy Cutler, onsite marketing director for . The new owners are moving from their East Washington location, near Kinko’s, according to Cutler.
