The enterprise software solution provider renovated a six-floor 154,000 square-foot office building in Salt Lake City, Utah.
The new headquarters will house 300 employees, though the location was chosen with longevity in mind, according to the company – as it expects to double its workforce in the upcoming years.
“MasterControl is seeing unprecedented growth in the demand for its solutions from the pharmaceutical and biotech industries,” Matt Lowe, executive vice president of MasterControl told Outsourcing-Pharma.com.
“As companies in the life sciences industry look for increased efficiencies in an increasingly complex global regulatory environment, MasterControl’s EQMS [Enterprise Quality Management Software] products are a natural fit,” he said.
MasterControl enables companies to meet regulatory requirements and quality standards in multiple geographies by automating workflows and repurposing data and content to country-specific regulations, Lowe explained.
Over the next five years, Lowe said the regulatory environment is expected to become more complex to navigate and will involve technology “in increasing doses.”
“This is manifest in many geographies even today with aspects of the regulatory process being mandated as electronic-only,” he added. “If companies in the pharmaceutical space wish to remain competitive and get to market quickly, they will have to be prepared with the proper tools and processes.”