Another Tech Company Adding Indy Jobs

Posted: Updated:
myCOI currently has 36 full-time employees in Indiana. myCOI currently has 36 full-time employees in Indiana.

Indianapolis has landed another win in what has been a busy week for the city's burgeoning tech industry. Software company myCOI has announced plans to expand its downtown Indianapolis headquarters and create up to 185 jobs by 2021. The company, whose cloud-based platform tracks and manages certificates of insurance, won last year's Venture Club of Indiana Innovation Showcase. Its clients include Caterpillar Inc. (NYSE: CAT), Cushman and Wakefield and the Indianapolis Motor Speedway.

In an interview with Inside INdiana Business, Chief Executive Officer Kristen Nunnery said a new downtown location gives the company access to a "large, growing tech community" and talent from throughout the city. She adds central Indiana also offers "access to venture capital and great support and resources from organizations like the IEDC and Elevate Ventures."

myCOI was founded in 2009, with the aim of providing a platform to protect clients from underinsured claims, litigation and failed audits. The company currently has 36 full-time employees in Indiana. It has begun hiring for sales, software development and insurance service positions as part of its planned $765,000 investment. The Indiana Economic Development Corp. has offered myCOI nearly $1.8 million in conditional tax credits and training grants based on the job creation plans.

Wednesday's news is the latest in a string of big tech announcements in Indianapolis over the last week. Yesterday, India-based technology giant Infosys announced Indianapolis would be the location for its first U.S. tech and innovation hub. The company had previously detailed plans to invest more than $8.7 million into a central Indiana expansion and hire up to 2,000 workers by 2022. Over the weekend, Salesforce (NYSE: CRM) officially opened its regional headquarters in Indiana's tallest building, now known as Salesforce Tower, in downtown Indianapolis. The company announced it would add 500 local apprentices by 2020.

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.



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


  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • EnCom Polymers Investing in Evansville

      Evansville-based EnCom Polymers Inc. is bringing custom plastic production in-house. The company says it will invest nearly $15 million into acquiring the facility it currently leases, investing in new equipment and adding as many as 56 employees by 2021. EnCom Polymers also plans to add four production lines, a testing laboratory and an injection molder. The company currently employs 14 in Vanderburgh County and says it will add 17 positions immediately.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • MainGate to Manage Purdue Merchandise

      Purdue University and Indianapolis-based MainGate are teaming up on athletic and school merchandise. The agreement involves sales on the West Lafayette campus, online through and as the university's official wholesale products provider. MainGate's other current merchandise partners include...

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.