Hypercom moving 200 jobs to Scottsdale

Hypercom Corp., a Phoenix-based producer of terminals that process credit-card sales at stores, has announced plans to move its headquarters to north Scottsdale, bringing more than 200 jobs to the East Valley.

Spokesman Pete Schuddekopf said the company will move to 8888 E. Raintree Drive, near Loop 101, during the first half of next year. The firm will lease 45,000 square feet that is being designed to its specifications in a building at the Raintree Corporate Center, he said.

“We were looking to upgrade our facility, and we found this one and got a great deal on it,” he said. “And there is a great talent pool in Scottsdale.”

The company’s headquarters is at 2815 W. Kathleen Road, near Interstate 17 and Greenway Parkway, in Phoenix.

The move is the latest action to cut costs that began in June and resulted in layoffs in the sales and marketing staff.

Manufacturing was outsourced to contractors in China, Brazil and Malaysia, and software development was consolidated in Singapore, Latvia and India.

Service and repair operations were moved to Hermosillo, Mexico.

The company sold its Phoenix facility and adjacent property as a result of the reduction in Valley development, repair and manufacturing in preparation for moving to the “smaller, more appropriate space” in Scottsdale.

Prior to the reorganization, the company reported 1,358 employees worldwide.

In the third quarter ended Sept. 30 the company reported revenue of $70.8 million, up 24 percent from the same quarter a year ago, and net income of $529,000, up 52 percent.