VIDEO: ‘People’ Lured Silicon Valley HQ to Carmel
Determine CEO Patrick Stekanis (podium) made the announcement Monday with Governor Mike Pence and Lieutenant Gov. Eric Holcomb.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe CEO of California-based Determine Inc. (Nasdaq: DTRM) says an "exceptionally high quality" talent pool was a key factor in the decision to move the company’s headquarters from San Mateo, California to Carmel. Patrick Stakenas says the move from the Silicon Valley to the "Silicon Prairie" means the bulk of the company’s future U.S. growth will be in Indiana. "People here are excited, they’re dedicated, they want to be part of something and they don’t want to job hop," said Stakenas, just after Monday’s announcement. "I’m from the Midwest originally and I love the attitude here… that was refreshing, based on California."
Determine is a global provider of SaaS enterprise contract lifecycle management, supply management and procure-to-pay solutions. The company has 160 employees globally and has offices in France and the United Kingdom.
Founded in 1996 as Selectica, the company was rebranded last year as Determine Inc., after two acquisitions, including Carmel’s Iasta in 2014.
Stakenas tells Inside INdiana Business the relocation and expansion plans include increasing employment in Carmel from the current 35 to 60 at a 9,000 square-foot office at 615 West Carmel Drive that will serve as the company’s global headquarters.
Determine Inc. will release fiscal fourth quarter and full-year 2015 results June 16.