Med Tech Company Growing in Indy
(photo courtesy Purdue University)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn Indianapolis-based quality management software company has moved into the Union 525 building and plans to add up to 120 jobs by 2020. Greenlight.guru, which aims to help medical device companies bring products to market faster, is investing more than $650,000 to make the move. The company says its revenue has grown by more than 350 percent annually since 2015.
Greenlight.guru Chief Executive Officer David DeRam says the company "can’t imagine being better positioned" for its next phase of growth in Indianapolis. He says the company landed on Union 525 after a search of "an ideal space to accommodate serious growth and maintain fanatical customer support." Greenlight.guru says it has served clients in more than 25 countries. The company is nominated for Scaleup Company of the Year and Tech Service of the Year at the 2017 Mira Awards.
The Indiana Economic Development Corp. offered the company more than $1.7 million in conditional tax credits and training grants based on the job creation plans. The city of Indianapolis and the Indy Chamber are supporting the project as well.
Union 525, which previously served as a technical school and was the original home of the Emmerich Manual High School, has become a tech hub in Indianapolis. In February, Launch Fishers announced it had acquired space in the building to establish Launch Indy. The building is located near Lucas Oil Stadium and Eli Lilly and Co. (NYSE: LLY).