Astaro Doubles Headquarters Size with Relocation

by || 11/24/2008

Astaro Corp. will double the size of its U.S. headquarters after its planned move to Wilmington, Mass.

The security software supplier will move from Burlington to 15,187 square feet at 260 Fordham Road in Wilmington. The company will begin moving Wednesday and expects the move to be complete by Monday.

About 50 of Astaro’s 175 employees will work in the Wilmington office.

In the past five years the company has grown from 40 employees worldwide and $3 million to $5 million in 2002 in revenue to more than 175 people worldwide and $40 million in revenue in 2007. The company is anticipating 30 percent revenue growth this year over last and expects significant growth in 2009.