Custom Software Company Growing

Posted: Updated:
(Image courtesy of Turner Woodard Development) (Image courtesy of Turner Woodard Development)

Indianapolis-based Inverse-Square is planning to expand. The business process software developer says it will add 20 jobs over the next three years and move to a larger space in the Stutz Business Center downtown.

The company currently has 13 employees and says the new software developer positions it plans to hire are expected to pay nearly double the average wage in the state. Inverse-Square creates custom, cloud-based systems that automate tasks using Excel spreadsheets and MS Access databases. Its customers are based in Indiana, as well as Europe, the Middle East and Asia.

President Bob Baird says "Indianapolis is becoming such a tech hotbed that it's been a lot of fun tapping into the existing talent and helping to develop new resources in the area. We've lived through a momentum swing from watching college grads move to the coasts and mountains, to attracting talent from those same regions. When you couple the foundational talent found in Indiana with the culture and cost of living of the Midwest, it doesn't make sense to look anywhere else."

RapidBit Development LLC, which does business as Inverse-Square, has been offered up to $285,000 in conditional tax credits and training grants from the Indiana Economic Development Corp.

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

  • Perspectives

    • Overseas Outsourcing Can Create a World of Problems

      The internet broke down geographic barriers for businesses, making it possible to find lower-cost suppliers around the world. But if companies lack the knowledge and skills to manage those suppliers properly, they may end up spending far more than expected. We’ve worked with companies all over the globe to help our clients meet their advertising and marketing objectives while protecting their budgets. While most of those working relationships have been positive, we’ve had...


Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • 120WaterAudit Lands $7M in Funding

      Zionsville-based 120WaterAudit LLC has closed on a $7 million Series A round of funding. The company says it plans to use the funding to enhance its digital water cloud platform and expand sales and marketing efforts. The funding round was led by Indianapolis-based HG Ventures, with participation from Allos Ventures in Indy and California-based Greenhouse Capital Partners. 120WaterAudit's platform includes software and testing kits to help government agencies, public...

    • ‘Potential’ Fueling Downtown Makeover in Fort Wayne

      As Fort Wayne prepares to christen its latest big downtown project, Mayor Tom Henry says there are no signs of transformational development slowing down in the state’s second largest city. The Landing, a $34 million downtown redevelopment project, is expected to officially open soon, one of an estimated 14 projects that Henry says can help Fort Wayne become a destination city. Since the opening of Parkview Field more than a decade ago, Henry says momentum has...

    • Photo courtesy of Bristol Parks

      Startup Plans to Add 250 Jobs By 2021

      A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.

    • New study reveals best place in Indiana for young families

      And the Best Place for Young Families Goes To...

      What do you look for in a community when deciding where to start a family and raise your children? There can be several factors to weigh in making a sound decision. Housing affordability. Unemployment rates. Quality of education. Mortage website has released the results of a study pointing to the best places for young families in Indiana.