INDIANAPOLIS - Inverse-Square, a custom software development company specializing in streamlining business processes, will continue its employment growth in downtown Indianapolis, creating an additional 20 new, high-wage jobs by 2020.
"Indiana’s small businesses are incredibly innovative, with companies like Inverse-Square leveraging technology and top talent to solve old problems in new ways," said Jim Schellinger, Indiana Secretary of Commerce. "As home to one of the fastest-growing tech hubs in the nation, Indiana is attracting top talent because we offer an affordable cost of living and vibrant communities where people want to live, work, play and stay. That talent is fueling innovation and supporting the creation of quality, skilled new jobs from Inverse-Square and the entire tech industry."
The company, founded in 2011, designs custom software applications to help its clients track and utilize their data. These specialized services have helped the company grow its revenue by 40 percent annually and increase its headcount by 50 percent over the last five years. To support this growth and to accommodate its growing staff, the company plans to expand its space in the Stutz Business Center in downtown Indianapolis, moving from its current office in the facility into a 3,000-square-foot office within the next six months.
Inverse-Square’s growth comes as Indiana continues to develop as a 21st century innovation leader. Technology jobs in the Indianapolis area experienced the fifth fastest growth rate in the nation from 2013 to 2015, growing at a rate of 27.9 percent. Governor Eric J. Holcomb’s 2017 Next Level Legislative Agenda proposes accelerating this momentum across the state by making $1 billion available over the next 10 years to grow Indiana into a hub of innovation and entrepreneurship and to ensure that Indiana is a magnet for job creation.
“Indianapolis is becoming such a tech hotbed that it's been a lot of fun tapping into the existing talent and helping to develop new resources in the area,” said Bob Baird, president of Inverse-Square. “We've lived through a momentum swing from watching college grads move to the coasts and mountains, to attracting talent from those same regions. When you couple the foundational talent found in Indiana with the culture and cost of living of the Midwest, it doesn't make sense to look anywhere else.”