Violin Memory, a Mountain View, Calif.-based flash memory storage device maker, says that it is hiring two to three engineers a week as it heads toward an initial public offering in mid-2012. The company currently has about 230 employees, and its headcount could expand to 500 by the end of the first quarter of 2012. Some growth could come through acquisitions, said Vice President of Engineering Kevin Rowett.
Founded in 2005, Violin's memory devices are used to make large enterprise servers run as much as eight times faster. The company's clients include large financial institutions like JPMorgan and Bank of America, as well as manufacturing companies and the Department of Defense.
Violin's hiring needs include chip designers, hardware designers, software designers, storage engineers, as well as salespeople. About 130 of the company's employees are engineers. Depending on skill level and experience, engineers can earn salaries ranging from $90,000 to $200,000 a year, Rowett said. The larger lure, he said, is the potential value of stock options upon an IPO, he said. "Equity is the primary reason people come to us," he said.
The company's hiring process begins with a phone screening, followed by an in-person interview with up to five staffers. After the interview, the staffers meet and discuss the candidate and either make an offer the same day or request another round of interviews.
Write to Joseph Walker at Joseph.Walker@dowjones.com
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