VIDEO: 'People' Lured Silicon Valley HQ to Carmel

Posted: Updated:
Determine CEO Patrick Stekanis (podium) made the announcement Monday with Governor Mike Pence and Lieutenant Gov. Eric Holcomb. Determine CEO Patrick Stekanis (podium) made the announcement Monday with Governor Mike Pence and Lieutenant Gov. Eric Holcomb.

The CEO of California-based Determine Inc. (Nasdaq: DTRM) says an "exceptionally high quality" talent pool was a key factor in the decision to move the company's headquarters from San Mateo, California to Carmel. Patrick Stakenas says the move from the Silicon Valley to the "Silicon Prairie" means the bulk of the company’s future U.S. growth will be in Indiana. "People here are excited, they're dedicated, they want to be part of something and they don't want to job hop," said Stakenas, just after Monday's announcement. "I'm from the Midwest originally and I love the attitude here... that was refreshing, based on California."

Determine is a global provider of SaaS enterprise contract lifecycle management, supply management and procure-to-pay solutions. The company has 160 employees globally and has offices in France and the United Kingdom.

Founded in 1996 as Selectica, the company was rebranded last year as Determine Inc., after two acquisitions, including Carmel's Iasta in 2014.

Stakenas tells Inside INdiana Business the relocation and expansion plans include increasing employment in Carmel from the current 35 to 60 at a 9,000 square-foot office at 615 West Carmel Drive that will serve as the company's global headquarters.

Determine Inc. will release fiscal fourth quarter and full-year 2015 results June 16.

  • Perspectives

    • ?Kerr has also previously held executive roles with Groupon, Angie’s List and GHX.

      Why Tech in The Midwest Attracts Capital

      Indianapolis is no longer simply a racing and manufacturing hub. The tech scene in Indy, and across the Midwest, has exploded over the past decade, with no sign of stopping. Last year alone, Indiana's tech industry contributed $14.1 billion to the economy. What's driving the growth and making Indianapolis stand out among coastal cities for venture capital investment, talent and more?



  • Most Popular Stories

    • Old National Bringing on KleinBank

      Evansville-based Old National Bancorp (Nasdaq: ONB) has agreed to acquire a Minnesota bank. The all-stock transaction for Klein Financial Inc. is currently valued at nearly $434 million. The deal, which has received the approval from the Old National and Klein boards of directors, is expected to close in the fourth quarter. Old National says the acquisition will boost its asset total to approximately $20 billion. KleinBank's total assets come in at $2 billion. It has...

    • Chavers Exiting IndyHub

      The longtime executive director of IndyHub is leaving the organization. Molly Chavers, the founding leader of the civic engagement organization for young professionals, says she plans to take time for family before determining what's next. IndyHub was launched in 2005 by the city of Indianapolis and BioCrossroads to help retain and attract talent. Chavers says...

    • (photo courtesy Grand Park Sports Campus)

      Construction Begins on Pro X Facility at Grand Park

      Officials in Westfield broke ground Wednesday on the $5 million Pro X Athlete Development facility at Grand Park Sports Campus.  Westfield, IN –Today, Mayor Andy Cook joined other city leaders and owners of Pro X Athlete Development to break ground on the latest business to make Grand Park its home. The $5 million Pro X facility is scheduled to open in early 2019.

    • Fishers To Buy Historic Home

      The Morris-Flanagan-Kincaid House in Fishers will have a new owner and location this summer. The city of Fishers will purchase the 1861-built brick farmhouse from Nickel Plate Arts and move it from the Navient campus along I-69 to a new spot on USA Parkway. 

    • Rural Indiana Facing 'Have/Have-not Situation'

      The CEO of Indianapolis-based Indiana Fiber Network calls the 16-year-old broadband internet provider "a great Hoosier success story." IFN, which was launched with a focus on high-speed connectivity for 20 rural telephone companies, now includes some 4,000 buildings throughout the state plugged-in through a network of more than 4,500 miles of fiber. Despite its growth, Jim Turner says there's still work to be done to bridge the broadband access gap in rural areas.