Tech Company Moving to 'Silicon Prairie'
CARMEL - A California-based company is contributing to Indiana's growth in the tech sector by relocating its headquarters to Carmel. Determine Inc. (Nasdaq: DTRM) has announced it will invest more than $700,000 to lease and equip a 9,000 square-foot facility and add 24 high-wage jobs by 2019. Chief Executive Officer Patrick Stakenas says he is "excited to be moving from California’s Silicon Valley to Indiana’s Silicon Prairie to make our new corporate home."
The new space is set to officially become Determine's global headquarters later this month. The company currently employs more than 160 people, including 35 in what was previously a satellite office in Carmel.
"The exceptionally high quality of the talent pool in Indiana, the strong, growing technology sector along with a centralized location, which makes it easy for us to stay in touch with our operations in Europe as well as the West Coast, made the choice obvious," said Stakenas. "Locating in Carmel offers us an extremely solid business environment and a quality of life that will allow us to attract and retain talented employees. Due to these key points, the bulk of our future U.S.-based growth will be in Indiana, and we look forward to a long and valued relationship with the city of Carmel and the state of Indiana."
Determine is the latest in a string of tech companies that have established operations in Indiana. Salesforce (NYSE: CRM) announced last month its plans to establish a new regional headquarters in the former Chase Tower in downtown Indianapolis, which will be rebranded as Salesforce Tower Indianapolis.
The Indiana Economic Development Corp. has offered the company up to $400,000 in conditional tax credits based on its job creation plans. The announcement was made Monday at a press conference, featuring Governor Mike Pence and Lieutenant Governor Eric Holcomb. Pence called the announcement another milestone for Indiana's thriving tech scene.
"In Indiana, we maintain a balanced budget and have cut costs and taxes, creating a fiscally predictable environment that allows entrepreneurs and job creators to invest in what matters most – their business and their employees," said Pence. "With a strong community of innovators, top universities training tomorrow’s leaders and a business climate designed for job creation, I am confident that Indiana will be a key partner in supporting Determine’s growth worldwide."
Determine is currently hiring for customer support, professional services, software development and financial positions. You can find more information on those positions by clicking here. The company was founded in 1996 under the name Selectica. It was rebranded as Determine last year after acquiring Carmel-based Iasta in 2014 and France-based b-pack in 2015.