INDIANAPOLIS (Apr. 14, 2014) – DATTUS, an industrial systems technology firm, announced plans today to expand its operations here, creating up to 37 new jobs by 2020.
The homegrown-Hoosier company will invest $111,000 to rent and equip a new 2,500 square-foot office at 8910 Purdue Road in Indianapolis, which opened in March. The company, which launched with the assistance of the Purdue Foundry, an entrepreneurship hub that helps Purdue innovators launch businesses, will use its new facility to expand development operations for its efficiency-focused systems.
“So many of our nation’s top minds are products of colleges and universities across Indiana,” said Eric Doden, president of the Indiana Economic Development Corporation. “DATTUS is the creation of an idea born at Purdue and grown into a tech firm already recognized for its innovation. And with the state’s booming tech sector, DATTUS and its growth fit right in here in Indiana.”
“Proximity to our customer base, a vibrant and growing startup community and access to great talent from some of the best universities in the country made Indianapolis a great choice for DATTUS,” said Anurag Garg, chief executive officer of DATTUS.
Co-founded by two Purdue University graduate students as Bearing Analytics, DATTUS’ solutions provide maintenance engineers with a continuous stream of data-driven intelligence from their machinery, which helps clients achieve near-zero downtime and failure prediction. DATTUS was one of six national finalists in 2013 at the U.S. Department of Energy’s Clean Energy Challenge. The company is also nominated for Tech Startup of the Year at this year’s 16th Annual Techpoint Mira Awards.
The Indiana Economic Development Corporation offered DATTUS, Inc. up to $605,000 in conditional tax credits and up to $19,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
Technology companies continue to choose Indiana for their growth and job creation plans. Just earlier today Geofeedia, a location-based social media monitoring platform, announced its plans to grow its office in downtown Indianapolis, creating up to 336 new Indiana jobs in the coming years.
DATTUS offers industrial system owners and operators the most accurate rotating equipment monitoring and failure prediction solutions available, improving asset management and operational efficiency, while decreasing downtime and business interruption costs. An award-winning company, DATTUS is one of the Top 10 Startups in the World, according to Founder.org. For more information, visit www.dattus.com/index.php.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.
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Anurag Garg (DATTUS) – 317.688.1639 or email@example.com
Katelyn Prentice (IEDC) – 317.234.2294 or firstname.lastname@example.org