Spokane-based Contineo Technologies Inc. has leased and moved to a larger office building at 3104 E. Sprague, and the company projects a rise in employment and revenue next year, says Craig Sanders, its president and CEO.

The technology company, which employs 17 people in Spokane and 22 people companywide, was founded in 2000 and has one other office, located in Fort Worth, Texas, that opened in 2009. It provides consulting, information technology auditing and computing services to financial institutions, health care providers, real estate companies and other privately held or nonprofit organizations.

Sanders says Contineo occupies all of the 4,500-square-foot structure on Sprague. The building is roughly 50 percent bigger than the space the company previously had occupied in Steam Plant Square, at 159 S. Lincoln.

The Steam Plant space was about 3,300 square feet of office space, and no longer was large enough to accommodate the company's workforce, Sanders says.

The new location, which Contineo moved into at the end of October, sits on a lot that is about the size of half a city block, he says.

"Market conditions were such that it made it very simple to buy the space and lease it back," Sanders says, who purchased the property himself and is leasing it to the company.

Sanders says minor electrical work was done before the company moved into the Sprague location.

Moving forward, Contineo plans to hire additional employees next year at both its Spokane and Texas locations.

"We probably will add one or two individuals in the sales area and probably one in the technical services area," Sanders says of hiring in Spokane. In addition to those being hired here, he says the company is looking to hire two or three consultants and auditors for its Texas office.

Contineo's revenue has grown over the last three years, Sanders says. Its revenue is up 27 percent so far this year, compared with last year. Sanders says he expects to see similar growth in years to come.

"Our plan is somewhere in the neighborhood of 25 percent growth in revenue every year," he says.

Last quarter, Contineo began a push to expand its service toward the East Coast.

"As we do that, and develop clients in metropolitan areas, we place people in those areas for service delivery," he says.

Those employees work remotely, he says.