Funding to Fuel Kinney Group's 'Explosive' Growth

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INDIANAPOLIS -

Indianapolis-based Kinney Group Inc. has announced a round of funding it says will more than double the cloud technology company's footprint by 2019. The investment from Indianapolis-based Elevate Ventures and Michigan's Plymouth Ventures totals $6 million. Chief Executive Officer and Founder Jim Kinney tells Inside INdiana Business customers are joining a "cloud-first movement" that makes him bullish on the potential for future growth. The company expects to add nearly 90 jobs by 2019.

Kinney says he anticipates being able to fill the openings, most of which will be in Indianapolis, through the existing talent pipeline. The company currently employs 81 throughout the country and 60 are in Indiana. "Competition for talent gets more intense every day. My personal feeling is that we'll be able to hold our own. Our formula has been one where we're very attentive to investing in our colleagues here at the company," Kinney said. "The universities do a great job of grooming up young talent and we've been doing, I think, pretty good work with regard to identifying that talent and providing kind of a unique value equation for growing people's skills."

Available jobs include engineers, account managers and operation center analysts.

The infusion from investors will help the company grow in secure cloud computing, analytics and data center automation areas. Its portfolio of partners include Dell, Raytheon and Red Hat. Chief Operating Officer Sarah Nelms, who led the execution of the deal, says the company "is on the verge of explosive growth" and the investment will help it meet demand.

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