Tech Company Announces Indiana ExpansionPosted: Updated:
Indianapolis-based hc1.com Inc. has announced plans to add more than five dozen jobs by 2017. The health care technology company is looking to invest $1.4 million into upgrading a Boone County facility. hc1.com currently employs 70 full-time workers. November 15, 2013
INDIANAPOLIS, Ind. - hc1.com, Inc., a healthcare cloud platform provider, announced plans today to expand its headquarters in Indianapolis, creating up to 62 new jobs by 2017.
The homegrown-Hoosier company will invest $1.4 million to lease and equip a 16,626 square-foot headquarters facility at the Northwest Technology Park in Boone County. The expansion, which will be fully operational this January, will enable the company to scale its healthcare relationship management solution, which currently serves more than 500 healthcare locations around the world.
"Improved healthcare efficiently finds its roots in Hoosier innovation," said Governor Mike Pence. "By advancing and simplifying the tools labs and healthcare providers use to keep records and learn from data, companies like hc1.com are increasing our power to provide superior service and care for people across the state and around the world."
This is hc1.com's second major expansion in central Indiana in the last three years. In 2010, the company announced plans to invest $321,250 to expand its Boone County operations, adding 61 new jobs.
hc1.com, which currently employs 80 associates, including 70 full-time Indiana employees, has already begun hiring development professionals, operations managers, client relationship managers and sales and marketing specialists. Interested applicants may apply at www.hc1.com/careers.
"We have chosen to expand in Indiana because the state contains all of the key ingredients required to achieve breakthrough success-extremely talented people trained in top universities, strong healthcare leadership and an emerging ecosystem of technology companies that are creating massive value on a global scale," said Brad Bostic, founder and chief executive officer of hc1.com. "Combined with these strengths, its pro-business initiatives made Indiana the clear choice for the continued expansion of hc1.com."
Founded in 2001 as Bostech Corporation and spinning off into hc1.com in 2011, the company is experiencing triple digit annual percentage growth with its secure, cloud-based platform. Under Bostic's leadership, the company has grown into a global healthcare cloud platform, recognized as a 2013 Red Herring Top 100 North America award winner, a 2013 Indiana Companies to Watch Spotlight winner and a TechPoint Mira Awards recipient for healthcare technology innovation.
The Indiana Economic Development Corporation offered hc1.com, Inc. up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Boone County approved additional incentives at the request of the Boone County Economic Development Corporation. Also, Elevate Ventures has supported the company through talent recruitment and business development strategy guidance. hc1.com has been a 21 Fund portfolio company since late 2010.
"Zionsville is very pleased to see a great company like hc1.com continue to grow and bring more good jobs to our community," said Jeff Papa, Zionsville Town Council president.
hc1.com's expansion is the latest growth story among several cloud-based technology firms headquartered in central Indiana, including Tinderbox, SmartFile and Bloomerang. Combined, these three companies project to create nearly 200 new jobs in central Indiana in the coming years.
The hc1.com Healthcare Relationship Management solution is positively transforming healthcare by optimizing the way healthcare organizations manage their relationships across the continuum of care. A winner of the 2013 Red Herring Top 100 North America Award, the company works with over 500 healthcare locations across the globe. Learn more at www.hc1.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.