Deep Blue Communications recently announced that it will move approximately 40 employees to the newly renovated 433 River Street (Hedley Park Place) located in downtown Troy and a part of the Waterfront District. First Columbia’s Waterfront District, a master planned redevelopment project is known for attracting tech focused type businesses along with many other industries.
Deep Blue Communications is a fast-growing Wi-Fi provider and industry leader with over 15 years engineering, installing and managing commercial WiFi networks and WiFi support. Deep Blue has made the INC 5000 list of the fastest growing companies for the last six years, and emerged as a leading WiFi provider for hotels, retail, entertainment venues, marinas and more.
The move, will provide Deep Blue communications with the space it needs for the expected growth the company has seen in the last few years. “If history repeats itself, we’ll have another 30 percent growth this year,” said Brian Epstein, Chief Executive Officer. Deep Blue had about $38 million in revenue last year and employs 125 people. Epstein expects to hire 20 more people tin 2019.
Founded in 2004, Deep Blue Communications has grown rapidly by installing wireless networks at large hotels and venues across North America and the Caribbean. A private equity investment in 2016 provided a jolt, enabling Deep Blue to buy other firms. Epstein is pursuing deals with real estate investment trusts and hospitality management companies that have hundreds of hotels in their portfolio, a potential big step up for Deep Blue.
“We’ve now earned the right to have those conversations,” he said.