Private equity firm Apollo Global Management will take Rackspace private in the all-cash deal.
The e-retailer says it expects to hire 150 software developers.
Overstock.com Inc. says it will open a software development center in early 2011 in Provo, UT. The company says it expects to hire 150 software developers to staff it.
“We are expanding our tech presence in Utah and actively recruiting. We have more innovation in the pipelines than we have developers,” says Overstock.com president Jonathan Johnson. The company is offering individuals who refer qualified software developers $5,000 if Overstock hires the workers and they stay at Overstock for at least 90 days. The company says it expects to hire 100 developers within a year.
The e-retailer employs more than 1,500 people in Utah through a call center and three other facilities. Overstock.com, No. 28 in Internet Retailer’s Top 500 Guide, is based in Salt Lake City. The company says it received economic incentives from the Utah governor’s Office of Economic Development and the city of Provo to open the facility.