India-based Mindtree's acquisition of Magnet 360 three years ago apparently is working.
Magnet 360, also a Salesforce.com affiliate, has grown from 160 to 450 employees globally since the $50 million acquisition was announced in January 2016.
Magnet, now part of a division of global IT consulting firm Mindtree, has opened an expanded, 30,000-square-foot headquarters in St. Louis Park.
"Magnet, locally, is about 125 people and we have room for up to 325," said Magnet 360 CEO Matt Meents.
"We've had about 20 percent annual growth over the last three years," Meents said. "Companies are investing in digital transformation.
"Being a Salesforce partner, we have a lot of offerings that help our clients reduce sales and marketing costs and help increase sales and ultimately profitability. Our customers buy Salesforce [software] and then we help them implement the strategies."
The clients are mostly Fortune 200 firms, including Ecolab, U.S. Bancorp and Best Buy.
Meents said the new headquarters features a 1,300-square-foot innovation "garage."
"We feel a lot of great brands came out of a garage," Meents said.