COLORADO SPRINGS, Colo. -

Online discount electronics retailer Tech for Less is moving operations back to Colorado Springs after its founders bought the company back from the Massachusetts firm they sold it to four years ago.

The move comes less than a year after the company moved most of its operations from Colorado Springs to Indiana and Utah.

According to the Colorado Springs Gazette, the company has hired 40 people since the deal was completed and plans to hire up to 60 more by June as it moves the business back to Colorado Springs and reopens the company's outlet store.