'Shining Light' Attracts More Tech Jobs

Posted: Updated:
Lieutenant Governor Sue Ellspermann joined company officials for Wednesday’s announcement. Lieutenant Governor Sue Ellspermann joined company officials for Wednesday’s announcement.
INDIANAPOLIS -

A South African technology company is growing its North American headquarters in Indianapolis. iLAB LLC says it will invest nearly $1.5 million to lease and equip its new office at the Chase Tower in downtown Indianapolis. Executives say the expansion will create nearly 100 jobs by 2019.

The company has already started hiring for software engineering, business development and support positions.

Managing Director Gerry Bailey says Indiana is a very business forward state. He says Indy was the best option for the expansion.

“We’ve seen fantastic growth over the last five years, expanding our customer base through strategic partnerships with the world’s most respected names in technology. Indianapolis has served as an exceptional launch platform for our North American operations and a key factor in fueling our growth strategy across the globe by adding 100 more employees over the next five years,” Bailey said.

iLAB could receive nearly $1.3 million in conditional tax and training incentives from the Indiana Economic Development Corporation.

“Indy’s tech sector is booming and this growth is due in large part to the quality and innovation of our workforce. I’m very proud that we have become a magnet for top talent and I am delighted to welcome iLAB to the growing list of companies that are selecting Indy as the place to expand, invest and succeed,” Indianapolis Mayor Greg Ballard said.

iLAB opened its offices on the north side of Indianapolis in 2011. The company provides software quality and performance testing services. iLAB currently employs more than 500 workers around the world.

Managing Director Gerry Bailey says they considered other cities for the expansion.
  • Perspectives

    • Want A Guaranteed Negative Return?

      Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points.  The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?

    More

Events



  • Most Popular Stories

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • (photo courtesy of TriCore Logic)

      Fort Wayne IT Firm Expanding

      TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years. 

    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • (courtesy Wes Mills)

      Purdue: Farmland Values Decline Fifth Straight Year

      The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University.  The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...

    • (Image courtesy of Horseshoe Casino Hammond.)

      Indiana Casinos to Begin Sports Betting

      A pair of northwest Indiana casinos will soon add sports wagering to their offerings. Horseshoe Hammond Casino and Ameristar Casino East Chicago are both set to open sports betting areas at their respective casinos ahead of the kickoff to the 2019 NFL season.