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.
CARMEL -

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

    • 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.