SAN JOSE – Vocera Communications has entered into an agreement that will allow it to expand its local operations and move to a new headquarters in San José.
The healthcare-focused software and communications company has signed a sublease for 78,000 square feet in northern San Jose, according to a federal regulatory filing.
The company intends to move its headquarters and main activities to 3030 Orchard Parkway in San Jose, according to a filing with the United States Securities and Exchange Commission.
“The sublet premises will serve as the company’s headquarters at the start of the sublet and the lease expires at the company’s current headquarters,” Vocera said in the SEC filing, which was released in late June. .
San José-based Vocera said the move to its headquarters is expected to take place in February 2022, according to SEC documents.
Currently, Vocera Communications leases approximately 70,000 square feet at 525 Race St. in San Jose, according to a separate company quarterly filing May 5 with the SEC.
Vocera initially moved its headquarters to Race Street in 2007, occupying 46,000 square feet through its initial lease in San Jose.
An extension of the first lease included an expiration date of March 2022 for the lease at the Race Street site.
At the new headquarters site north of San Jose, Vocera sublets the building to Arlo Technologies.
Vocera provides software and communication tools to help healthcare workers who are constantly moving around a site such as a hospital operate more efficiently.
“Team members use our solutions to communicate and collaborate with their colleagues by sending texts or calls securely, and to be notified of important alerts and alarms,” Vocera says in an article published on its website.
Company technology can also be integrated into existing health systems.
“Interoperability between the Vocera platform and more than 150 clinical and operational systems helps reduce alarm fatigue, accelerate staff response times and improve patient care, safety and experience. patients, ”according to the Vocera website.
Vocera also appears to have moved into sectors other than healthcare.
“In addition to healthcare, Vocera is at home in luxury hotels, senior care facilities, retail stores, schools, power stations, libraries, etc. Vocera said.
Despite the loss of money, Vocera is on a trend pointing to less red ink and increased revenue.
In the one-year period that ended in March 2021, Vocera lost $ 6.8 million and generated $ 206.4 million in revenue. For the full year 2020, Vocera lost $ 9.7 million on revenue of $ 198.4 million.
“Vocera solutions make mobile workers safer and more efficient by allowing them to instantly connect with other people and quickly access resources or information,” the company said on its website.