Canopy Expands Into New HQ, Plans to Double Workforce

LEHI, Utah–(BUSINESS WIRE)–Canopy,
the leading cloud-based practice management platform for tax and
accounting professionals, today announced the opening of its new
headquarters in Lehi, Utah. With the recent support of Utah’s
Governor’s Office of Economic Development (GOED), Canopy’s new
office drastically increases the company’s footprint in the region, even
as it continues an aggressive plan to double its workforce over the next
four years.

“Moving into our new space is further validation of our product, people
and potential,” commented Kurt Avarell, founder and CEO, Canopy. “The
increased demand we are seeing in the industry is a direct result of
every person’s commitment and dedication to making tax and accounting
work beautiful and simple. Our expansion signals both our continued
focus to grow and invest in Utah as well as our plans to introduce new,
high-impact solutions to the tax and accounting market.”

Canopy will occupy three of the five floors within the newly built
corporate space at 4100 North Chapel Ridge Road, totaling nearly 80,000
square feet and housing the company’s growing workforce. In addition,
the new space boasts an entire floor dedicated to engineering and
product development. The space was custom designed by Canopy’s executive
team to foster team collaboration, autonomy, creativity and efficiency.
Bonus building features for all employees include pickleball and
basketball courts, gym, library, stocked kitchens, BBQ grills and a
smoker for the BBQ enthusiasts, and maternity/paternity rooms with a
crib, rocker, fridge and blackout shades support Canopy’s family-first
culture.

“We celebrate the opening of Canopy’s headquarters in Silicon Slopes,”
said Val Hale, executive director of the Governor’s Office of Economic
Development. “Canopy is a homegrown company that is committed to
innovation. We are excited to see their growth in the state and applaud
their continued success.”

Canopy continues to disrupt the $100B+ tax software and services market
from Silicon Slopes with the release of practice management solutions; Tax
Prep, Notices,
CPE
Platform. In addition, this upcoming move comes on the heels of
numerous milestones including:

• $72M in funding from leading VC firms including: Wells Fargo Strategic
  Capital, Pelion Ventures and Nyca
• More than 18,000 tax and accounting professionals now use Canopy
• Awards and recognition including: CBE Insights’ Fintech 250; Utah
  Business’ Fast 50 and Emerging 8 list; Glassdoor & Battery Ventures
  “Top 3 Highest Rated Private Cloud Companies to Work For”; and
  Accounting Today’s 2018 Top Product in Tax for Canopy’s Transcript Tool
• Honors for Kurt Avarell including 2018 Glassdoor Employees’ Choice
  Award for the Top CEO, in which Kurt ranked 6th for U.S. CEOs of SMBs
  nationwide and CPA Practice Advisor’s 20 under 40

About Canopy

Canopy provides professional tax and practice management software to
accounting firms. The modern, cloud-based software cuts out tax practice
busywork, improves the client experience, and brings all the different
tools a tax practitioner needs under one roof. Canopy was founded by
Kurt Avarell, who walked away from his career as a Wall Street tax
attorney to launch Canopy from his basement in 2014.

Learn more at www.canopytax.com
and @CanopyTax.

Contacts

Jenny Olson
mPR, Inc. for Canopy
310-773-2568 direct
jenny@mpublicrelations.com