Cloud-communications firm Alteva coming to Market St.

A Philadelphia-based provider of cloud-based unified-communications services that was bought by a phone company in New York state last summer is moving into a new headquarters that will eventually also house its new parent.

Alteva, which was bought by Warwick Valley Telephone Co. for $17 million in cash and stock, is taking 9,000 square feet on the ground floor of the Wells Fargo & Co. building on the 400 block of Market Street. The space includes a former bank branch, which Alteva will use as a presentation center.

“We want people to understand that we have a presence in Philadelphia and get to know who we are as a company,” said David Cuthbert, the president of Alteva and an executive vice president and the chief operating officer of its parent.

Alteva will retain the space it has in the Bourse Building for its engineers.

The company needs the additional space because it’s growing like a weed. It employs 145 at all its locations, including 60 in Philadelphia, and has 20 open positions.
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