DURHAM — With business booming, Telit, which focuses on  Internet of Things (IoT) technology, moved five miles down the road into bigger digs this week.

The company’s new US flagship headquarters is now based out of the first-floor 8,900-square-foot space of the newly built Churchill Hall at 5425 Page Road in Durham.

For the firm — a global enabler of the Internet of Things (IoT) that has been here since 2006 — it’s a sign of confidence in the good times still yet to come.

But perhaps more importantly, it also shows that fast-growing firms such as Telit are deciding to stay put in the Triangle, quickly establishing the region as another IoT hub outside of Silicon Valley.

“We are the pioneers, and we believe this ecosystem is building up very nicely,” Telit’s Chief Executive Officer Yosi Fait told WRAL TechWire, after arriving on a flight from Tel Aviv to be here in person for the opening on Wednesday night. “There are so many universities here, and so many tech companies around us. It’s a great place to be and grow our business.”

The new office will provide the company with the space to almost double its Durham workforce – from 25 to 45 employees over the next few years.

“Our industry has changed significantly,” Fait said. “It’s climbing up and growing very fast. Currently, the business in the US is more than 40 percent of our global sales.”

Durham’s mayor Steve Schewel, who attended the ribbon-cutting ceremony, welcomed the news. “This is exactly the kind of company that we want in Durham,” he told the 60-strong crowd gathered. “This is an innovative technology company on the frontlines of technological change.”

Double-digit growth

Let’s backtrack 20 years ago. Telit launched its first M2M (machine-to-machine) module called Datablock. Since then, the London-based firm has quickly established itself as a leader in the sector, providing end-to-end IoT deployments from things to apps with 7000 customers worldwide. Among them are big names like Honda, John Deer and Johnson & Johnson.

“There are tens of millions of devices that are leveraging Telit innovation, and these are all growing brands,” said firm’s Chief Marketing Officer Shawn Reynolds.

Since 2013, the company has reported a 35 percent hike in revenue growth. And it doesn’t look to be slowing down anytime soon – with Telit on track for “double-digit growth” in 2018 alone, said Reynolds.

“We are experts in the enablement of IoT, and that is the fastest growing segment in the market right now,” he said. “As more and more companies are leveraging the IoT, it is providing an enormous opportunity for growth for us. We’re looking forward to [rolling out] new innovation in the near future.”

Durham mayor Steve Schewel speaking at the opening of Telit’s new headquarters in Durham.

New building utilizes smart glass system

Telit is one of the first companies to move into the eco-friendly Churchill Hall building based in Imperial Park.

Apparently, it’s the first commercial office space in the Carolinas to offer VIEW Dynamic Glass technology, which maximizes natural light, reduces heat and glare, and saves energy.

When researching locations, that proved to be an added perk.

“We’re in the IoT space. We do a lot of work with companies and vendors that support smart city growth. This was a building that was a good fit,” said Reynolds.

It’s just another reason – one of many – to call Durham home.

“It’s not a surprise to us that Raleigh-Durham is becoming an IoT hub. We’re excited about being a part of that and fostering that growth,” said Reynolds.