Digital Matrix Systems (DMS) is moving its corporate headquarters to Preston Park Towers West in Plano. The international risk management solution provider leased the entire seventh floor of Preston Park West in Plano, real estate firm CBRE announced.
The new 22,500 square foot space will provide DMS flexibility for future growth—and a location that will help recruit tech talent, CBRE said.
DMS, currently based in Addison, was founded in 1982 by CEO David McGough. The privately owned company uses data to help businesses predict and manage risk primarily in the banking, financial services, and insurance industries, DMS told Dallas Innovates via email.
The company, which has more than 500 clients, also offers data warehousing, advanced analytics, scoring models, and consulting services, as well as secure access to credit bureaus and specialty data providers, it said.
Digital Matrix Systems plans tech hires in 2020
Recruiting tech talent has become a more competitive process, and Jeff Miller, Chief Financial Officer of DMS, said the planned move puts the company in “a prime location to continue to hire and retain top-tier talent in North Texas.”
The company plans to hire for three new positions.
“Our current growth areas in terms of employment are primarily business development, software engineering, and decision science,” DMS said, adding that although these three hires are all that are anticipated at this time, needs could certainly change.
In a nod to the current business environment amid the COVID-19 outbreak, DMS said it is confident in its ability to operate within a changing business climate.
Innovation at Digital Matrix Systems
Some of the company’s recent innovations include TEST/DRIVE, which is a data source evaluation program that lets clients easily evaluate participating data source vendors. So far, the company has 28 participating partners, and it’s growing, DMS said.
Another relatively new offering is the company’s TestLab product, which is a testing tool that lets lenders test changes to their credit policy.
DMS said that’s particularly relevant and useful in light of the current economic environment. Lenders can assess the impacts of bankruptcy, collections, and other concerns in a test environment—prior to implementing changes to their credit policies that govern the lending decisions that they make, the company said.
Company culture is core to Digital Matrix Systems’ relocation
The company wanted a new space to reflect its evolving company culture, according to CBRE.
DMS kept its employees at the center of the company’s decision-making process. By working through different business units and forming an employee committee, DMS understood their employees’ specific wishes and needs for a new workplace.
“There’s a ton of energy and excitement right now among our employees,” DMS CFO Miller said. “Everyone feels like their voice was heard.”
That’s part of the culture. Miller notes that DMS has an average employee tenure of nine years.
DMS has selected Perkins and Will as the architect for the new headquarters and intends to incorporate the company’s culture and brand into its space. DMS expects to move to the West Tower at 4975 Preston Park Blvd by the end of the year.
Done deal for CBRE in Dallas
DMS’ due diligence and attention to detail gained several upgraded conveniences and amenities for the company’s workforce, according to Mike Cleary, Senior Vice President, CBRE, who represented DMS in site selection and lease negotiations, along with CBRE’s Mike Kay and Campbell Puckett. They understood that they needed to start early and engage their employees, Cleary noted.
That process helped them to find the perfect space for their company, he said: That’s a “fantastic testament to how they run their business.”
DMS wanted a central location that is easily accessible from both the Dallas Tollway and the George Bush Turnpike, according to CBRE. With the new HQ location, 80% of DMS’ employees will have a shortened commute, the company said. Other boons for DMS’ employees include free covered parking, on-site dining, and access to the building’s fitness center. DMS also will receive exterior building signage, CBRE noted.
Lincoln Property Company’s Campbell Henry and Chris Axley represented Preston Park West owner TerraCap.
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