News Column

IT Firm Adding Hundreds of Jobs

May 2, 2014

Jeff Swiatek, The Indianapolis Star

IT department (file photo)
IT department (file photo)

May 02--Interactive Intelligence Group said today it will expand its Northwestside headquarters, adding up to 430 employees by 2016.

The business communications software and services company said it will lease and equip a new 112,000-square-foot office building next to its current offices to handle the expansion. Construction on the $28 million building will start this summer and it will open a year later.

Interactive Intelligence currently occupies nearly 300,000 square feet in four buildings near West 71st Street and I-465, the Indiana Economic Development Corp. said in a news release.

"Interactive Intelligence's success shows that you don't need to be in Silicon Valley to be a market leader," Donald Brown, Interactive Intelligence's founder and chief executive officer, said in a statement. "Indiana's great universities, low cost of living and excellent quality of life enable us to attract and keep top talent, which is at the heart of our business. Our dynamic growth is a credit to our Indiana team, keeping us confident in what lies ahead."

Founded in 1994, the publicly traded company currently employs more than 1,000 people in Indiana and another 900 around the world.

The new positions are in software development and testing, support, services, marketing and general and administrative areas.

Interactive Intelligence saw 2013 revenues rise to $318 million, an increase of 34 percent over 2012.

Its stock was trading on Nasdaq at $62.19, down 38 cents, at about 1:45 p.m. today.

IEDC offered up to $8.3 million in state tax credits and up to $300,000 in training grants if the company creates the promised jobs. The City of Indianapolis will consider property tax abatement for the expansion at the request of Develop Indy, a business unit of the Indy Chamber.

"Hoosiers are driving the future of technology, with a tech community that's strong and fueled by impressive homegrown success stories like that of Interactive Intelligence's," said Indiana Gov. Mike Pence, who was at the announcement.

"Interactive Intelligence's phenomenal growth sends a powerful message to people seeking jobs in the tech field and other similar companies about the strong economy and talent pipeline in Indy," Indianapolis Mayor Greg Ballard said in a statement.

Call Star reporter Jeff Swiatek at (317) 444-6483. Follow him on Twitter: @JeffSwiatek.

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Original headline: Interactive Intelligence to add up to 430 jobs, new building



Source: (c)2014 The Indianapolis Star