Torchlite Continues to Catch Fire

Posted: Updated:
INDIANAPOLIS -

Indianapolis-based Torchlite Technologies Inc. is planning to add up to 140 jobs over the next three years. The digital marketing company, which launched last year, says it will triple its office space when it moves to a different floor of its current headquarters in city's Mass Ave District. The Indiana Economic Development Corp. says the new positions are expected to pay more than 2.5 times the average wage in the state.

The move is expected to be complete in the coming months. Torchlite says it will invest more than $500,000 into the new space, which will include collaborative areas and additional hardware. Its staff currently numbers 16, with clients located in Indiana and outside the state, including Delaware, Florida and Georgia.

Co-Founder and Chief Executive Officer Susan Marshall says "Torchlite is in a high-growth mode as we're getting ready to finalize another round of funding. The tech community in Indianapolis has been unbelievably supportive of our venture and has played an integral role in our success as a company." To date, the company says it has doubled its revenue each month after its first 40 days. Marshall previously serves as an executive with ExactTarget and Salesforce and has also worked for Apple. The company provides online marketing solutions through a customized digital platform.

The IEDC has offered Torchlite up to $2.8 million in conditional incentives based its job creation plans. Develop Indy, the business unit of the Indy Chamber, is supporting the expansion. The company is also seeking backing from the Indiana Seed Fund, which is managed by Elevate Ventures in partnership with the IEDC.

You can connect to more about the company by clicking here.

  • Perspectives

    • Annual Checkup Means Healthy Portfolio

      Everyone knows an annual physical is recommended for most adults. Seeing your doctor on a regular basis helps identify potential health problems before they become serious. Your investment portfolio needs an annual checkup, too. Just like your annual physical, a periodic review of your portfolio can help you avoid unpleasant surprises down the road and keep your financial strategy on track. Here are some tips for fine-tuning your financial checkup...

    More

Events



  • Most Popular Stories

    • Hiring Sign Out at Westfield's IMMI

      It all began in 1961, with four employees and two sewing machines in downtown Indianapolis. Today, Westfield-based safety products company IMMI does business around the globe and boasts a work force of more than 1,400.  And that number is about to get larger. "As we grow, we need talent, we need people to accomplish what we're trying to do," said Chief Executive Officer Larry Gray, during an interview on Inside INdiana Business Television.

    • Cummins Expands Role of VP Casto, Makes Promotions

      Cummins Inc. has announced Vice President Carole Casto will lead Marketing Communications in addition to her Corporate Communications responsibilities. Also, Mahesh Narang has been promoted to vice president of Cummins emission solutions. Shon Wright has also been promoted to executive director and general manager of Cummins Turbo Technologies.

    • Whitestown Welcomes $50M Facility

      The chief executive officer of Pennsylvania-based AmerisourceBergen Drug Corp. says the company picked Whitestown for a nearly $50 million investment, in part, because it is "very proud and very pleased" about the work force it is able to attract there. The global health care company cut the ribbon this morning on the distribution facility, which Steven Collis says could ultimately employ up to 150.

    • Expansions Planned in Fort Wayne

      Several companies in Fort Wayne are looking to the Fort Wayne City Council for approval of tax abatement requests related to proposed expansions. Among them is a $7.5 million investment by Silverado Cook Properties LLC to nearly double the size of its 240,000 square-foot facility which houses nearly 500 Harris Corp. (NYSE: HRS) jobs.

    • DoubleTree GM Leaving Evansville

      The general manager of the recently-opened DoubleTree by Hilton convention hotel in Evansville has resigned. The Evansville Courier & Press reports Tracy Wiley, who came to Evansville in February 2016, will leave the hotel for another position outside of the area.