AUSTIN-This is the way it’s supposed to work: Austin technology company gets venture capital, develops technology, gets customers, hires more employees, moves into bigger space. For the past year or so, however, tech companies have been contracting instead of expanding.

BroadJump Inc., based here, seems to have gotten it right. The company has signed a new five-year lease to take 90,000 sf in Building 5 at the Domain at 11400 Burnet Rd. in the north Austin submarket. BroadJump develops and sells software and service for installing and managing high-speed Internet access. If not the biggest new lease signed in Austin this year, it’s right up there.

The company will occupy 60,000 sf to start and grow into the rest of the space over time, Suzanne Tieszen, a BroadJump spokeswoman, tells GlobeSt.com. The move is to be completed by Nov. 1. BroadJump now has 55,000 sf at 9715 Burnet Rd.

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