The developer of software solutions that combine business functions ranging from supply chain management to payroll processing under the umbrella of a single software package will invest more than $3 million to expand its operations on the city's northeast side.
"GyanSys is an excellent example of a technology-based business that is investing in Indiana and creating the types of jobs we need to further strengthen and diversify our economy," said Governor Mitch Daniels.
GyanSys employs 17 associates at its existing Indianapolis headquarters and will begin hiring software, system and project management associates in the first quarter of 2009 ahead of the completion of the new facility. Since relocating its headquarters from Austin to Indianapolis in 2004, the company has more than doubled its workforce in the past year. The seven-year-old company, which serves industries ranging from engineering to utilities, also operates regional offices in Michigan and India.
"Increased demand for enterprise software solutions is forecasting continued growth for our company," said Raj Una, president of GyanSys. "Indiana continues to provide the skilled and steady workforce we need to support that growth and serve our clients both domestically and globally."
The Indiana Economic Development Corporation offered GyanSys up to $2.1 million in performance-based tax credits and $30,000 in training grants based on the company's job creation plans. The city of Indianapolis and Indianapolis Economic Development, Inc. will support property tax abatement for GyanSys before the Metropolitan Development Commission.
"A high-tech company that will provide highly skilled job opportunities for Indianapolis's workforce is exactly the right type of business that will strengthen and continue to make Indianapolis' business community strong and diversified," said Scott Miller, president of Indianapolis Economic Development, Inc. "We are thrilled that this type of company, embodied in GyanSys, has decided to grow its business in Indianapolis."
The news of GyanSys expanding in Indiana follows a 2008 report by national tech trade group AeA that found central Indiana added high-tech jobs faster than any other metro area in the Midwest from 2001-2006. The same report noted the high-tech sector in central Indiana grew by more than 8.6 percent over the period, making it the fourth fastest growing in the nation.