Indianapolis-based DATTUS Inc. is planning to add nearly 40 jobs by 2020. The industrial sensor company, which changed its name last year from Bearing Analytics and opened an office in India, is planning to invest more than $100,000 into improvements at a new facility. April 14, 2014

News Release

INDIANAPOLIS, Ind. – DATTUS, an industrial systems technology firm, announced plans today to expand its operations here, creating up to 37 new jobs by 2020.

The homegrown-Hoosier company will invest $111,000 to rent and equip a new 2,500 square-foot office at 8910 Purdue Road in Indianapolis, which opened in March. The company, which launched with the assistance of the Purdue Foundry, an entrepreneurship hub that helps Purdue innovators launch businesses, will use its new facility to expand development operations for its efficiency-focused systems.

“So many of our nation's top minds are products of colleges and universities across Indiana,” said Eric Doden, president of the Indiana Economic Development Corporation. “DATTUS is the creation of an idea born at Purdue and grown into a tech firm already recognized for its innovation. And with the state's booming tech sector, DATTUS and its growth fit right in here in Indiana.”

DATTUS is currently hiring for sales, marketing, engineering, operations and data science positions. Interested applicants may apply by visiting www.dattus.com or emailing careers@dattus.com.

“Proximity to our customer base, a vibrant and growing startup community and access to great talent from some of the best universities in the country made Indianapolis a great choice for DATTUS,” said Anurag Garg, chief executive officer of DATTUS.

Co-founded by two Purdue University graduate students as Bearing Analytics, DATTUS' solutions provide maintenance engineers with a continuous stream of data-driven intelligence from their machinery, which helps clients achieve near-zero downtime and failure prediction. DATTUS was one of six national finalists in 2013 at the U.S. Department of Energy’s Clean Energy Challenge. The company is also nominated for Tech Startup of the Year at this year’s 16th Annual Techpoint Mira Awards.

The Indiana Economic Development Corporation offered DATTUS, Inc. up to $605,000 in conditional tax credits and up to $19,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.

Technology companies continue to choose Indiana for their growth and job creation plans. Just earlier today Geofeedia, a location-based social media monitoring platform, announced its plans to grow its office in downtown Indianapolis, creating up to 336 new Indiana jobs in the coming years.

About DATTUS

DATTUS offers industrial system owners and operators the most accurate rotating equipment monitoring and failure prediction solutions available, improving asset management and operational efficiency, while decreasing downtime and business interruption costs. An award-winning company, DATTUS is one of the Top 10 Startups in the World, according to Founder.org. For more information, visit www.dattus.com/index.php.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.

Source: The Indiana Economic Development Corp.

April 14, 2015

News Release

INDIANAPOLIS and PUNE, India – DATTUS, an early-stage company whose technology uses continuous data-driven intelligence in order to predict failure in industrial rotating machinery, reduce maintenance expenditures and improve worker safety, has relocated its West Lafayette office to Indianapolis.

DATTUS has moved into a 2,500-square-foot office at 8910 Purdue Road. The company, which launched with the assistance of the Purdue Foundry, Clean Energy Trust and Founder.org, will use its new facility to expand development operations for its efficiency-focused systems.

“With proximity to our customer base, a vibrant and growing startup community and access to great talent from some of the best universities in the country, Indianapolis is a great choice for DATTUS,” said CEO Anurag Garg.

With the move, DATTUS expanded its team to include 10 full-time staff across Indianapolis and Pune, India, and is still hiring for multiple positions in both locations. DATTUS is hiring for sales, marketing, engineering, operations and data science positions. Interested applicants can visit www.dattus.com or email careers@dattus.com for more information. DATTUS' goal is to create up to 37 new jobs by 2020.

DATTUS is part of the FOUNDER.org Class of 2015, through which it receives mentoring from top global leaders in the 8D company-building program. DATTUS was one of six national finalists in 2013 at the U.S. Department of Energy's Clean Energy Challenge.

DATTUS licensed its technology from the Purdue Research Foundation Office of Technology Commercialization.

About DATTUS

DATTUS offers industrial system owners and operators the most accurate rotating equipment monitoring and failure prediction solutions available, improving asset management and operational efficiency, while decreasing downtime and business interruption costs. An award-winning company, DATTUS is one of the Top 10 Startups in the World, according to Founder.org.

Source: Purdue Research Foundation

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