IoT Company CloudOne Rebrands

Posted: Updated:
McDonald says, over the years, "our mission, capabilities and potential have evolved." McDonald says, over the years, "our mission, capabilities and potential have evolved."

Fishers-based CloudOne is changing its name to ClearObject as part of a corporate rebranding initiative. The Internet of Things systems provider says the new brand reflects "the company's evolution as more than just a cloud services company."

ClearObject launched in 2010 as a Software-as-a-Service provider of cloud services. Since then, the company says it has achieved a compound annual growth rate of over 300 percent.

Chief Executive Officer John McDonald says the change shows that, over the years, "our mission, capabilities and potential have evolved." He says the company has nearly tripled staff at its corporate headquarters over the past three years, "cultivated strategic partnerships and resources (and) unleashed new ideas for our customers."

The company says the rebranding will have no effect on its structure. It comes as ClearObject works on plans to expand to a second location in central Indiana, which it plans to detail next month.

In April, the company announced a $9 million round of funding, led by Michigan-based Plymouth Ventures and also involved investors including Indiana's Elevate Ventures and former Indianapolis Colt Ryan Diem. In total, the company has received nearly $22 million in equity investments since 2010.

  • Perspectives

    • 5 Spring Cleaning Tips For Your Social Media

      We're finally there. Spring. And that I find... exciting! So, when thinking about spring, then spring cleaning, consider your social media clean up as well. When I read this week that an average brand has over 250 digital experiences now to manage online, if you have any type of digital footprint, you may not be far behind. Here are some tips to clean out and dust off that social media stuff.



  • Most Popular Stories

    • 16 Tech estimates the first phase of development will create more than 2,600 jobs over 10 years.

      16 Tech Takes Big Steps Forward

      Indianapolis' 60-acre innovation community has announced two major boosts. The 16 Tech Community Corp. has landed a $38 million grant from Lilly Endowment Inc. to fund its initial development phase.The organization has also announced its first development agreement. The deal calls for Indianapolis-based Browning to construct three new buildings and renovate a facility as part of a $120 million investment. 16 Tech Community Corp. says the three-year grant sets the stage for...

    • Holcomb Names Workforce Council Chair

      Governor Eric Holcomb has made some leadership changes within his administration. The governor has selected Danny Lopez, who currently serves as his deputy chief of staff, as chairman of the new Governor's Workforce Council.

    • IoT Lab Opens With Eyes on Future

      The founder of the Indiana IoT Lab says the innovation and collaboration space is focused on an industry that will "future-proof" Hoosier businesses. John Wechsler says companies that are dialing into the Internet of Things are playing in a sector that is forecast to grow to $2.2 trillion. The facility Wednesday night hosted more than 700 at a grand opening event. Wechsler said some of the state's trademark industries will be "radically affected" by...

    • (photo courtesy Tow Yard Brewing Co.)

      Tow Yard Brewing Looking For Buyer

      Tow Yard Brewing Co. in Indianapolis is looking for a new owner. The company, which filed for Chapter 11 bankruptcy protection in January, plans to auction off all of its equipment at a court-ordered auction next month, unless a buyer comes forward to acquire the brewery. 

    • Toyota Supplier Planning Growth in Princeton

      Princeton-based Vuteq USA Inc. has announced plans to build a new facility in Gibson County. The Gibson County Economic Development Corp. has confirmed to Inside INdiana Business the company, which makes components for Toyota vehicles, will invest $27 million to construct a new support center and plant, which would employ 400 people by 2022. Vuteq currently has a plant located just north of Toyota Motor Manufacturing Indiana in Princeton.