Expansion Reflects State ‘Strong Suit’

The chief executive officer of TechPoint believes Chicago-based Geofeedia Inc.'s decision to expand in Indianapolis is a reflection of the assets of the state's “very inclusive” technology sector. Mike Langellier says the company's plan to create nearly 340 jobs in the city by 2020 also speaks highly of the available tech talent in Indiana. He tells Inside INdiana Business a major factor in the expansion was the successful launch, growth and eventual multi-billion dollar sale of ExactTarget. He says one of the most critical resources for any growing company is talent, adding that one of Indiana's “strong suits” is marketing technology talent, which he calls one of the state's “valuable natural resources.”

Langellier says since 2007, there have been more than 14 initial public offerings and acquisitions involving Indiana tech companies. He believes those moves boosted the sector's visibility and has “unleashed” capital, talent and resources that continue to be beneficial.

Source: Inside INdiana Business