MA Public Company Will Move HQ to Apple Valley
Massachusetts-based Stream Global Services will soon move its headquarters to Apple Valley, the company confirmed Wednesday.
Based in the Boston suburb of Wellesley, Stream Global is a provider of call center services and employs 30,000 people at 50 locations worldwide. The company plans to relocate to the Twin Cities suburb later this year, but isn't offering specifics as to which month or how many employees will work at the new corporate office.
Stream Global spokesman Joe Thornton told Twin Cities Business that the company already has some of its corporate staff working out of a temporary office in Bloomington. The local staff includes the company's CEO, Kathy Marinello. Marinello is the former CEO of Bloomington-based Ceridian Corporation.
Stream Global is still finalizing details on the exact location of its new headquarters in Apple Valley, Thornton said. He added that the company decided to move to the metro area because it is a “good centralized location” with a “major hub airport.”
Stream Global provides sales, customer care, and technical support services to companies. Its 2011 revenues totaled $847 million, and it trades on the New York Stock Exchange under the ticker SGS.
Stream Global's move is welcome news for Minnesota, which lost at least two major public companies in recent years; Moneygram International, Inc., moved its headquarters to Dallas in November 2010, and Alliant Techsystems, Inc., moved its headquarters to Arlington, Virginia in October 2011.
“We're setting a trend in the reverse, and we look forward to more companies to come,” Apple Valley Mayor Mary Hamann-Roland told Twin Cities Business. Hamann-Roland announced Stream Global's decision to move to Minnesota at her annual state of the city address that took place Wednesday.