Greenlight.guru, a modern quality management software company, has expanded its operations in a new office for tech startups in downtown Indianapolis. As part of its growth, the company plans to create up to 120 new, high-wage jobs by 2020.
Greenlight.guru is investing $651,022 to move into an office at Union 525, a new 122,000-square-foot hub for tech businesses in Indianapolis. The new space is nearly 50 percent larger than the company’s former office in the Stutz Business Center. The company, which has grown its revenue by more than 350 percent annually since 2015, moved into its new office to support its continued growth developing quality management software exclusively for the medical device industry.
“What we saw when we looked at the medical device market was that the industry was stuck on a bunch of legacy systems and paper quality systems that were holding them back,” said David DeRam, chief executive officer of greenlight.guru. “These systems were not designed for medical device companies and were not allowing them to innovate and be efficient. So we’re very proud of the fact we’ve been able to help device makers all over the globe, as well as right here in Indiana, replace those systems with sophisticated, cloud-based, modern quality management software enabling them to bring safer, life-changing products to market faster with less risk.”
Total employment at central Indiana tech companies has increased 68 percent since 2006, and Forbes ranked Indianapolis fifth in the nation for cities creating the most tech jobs. To continue this momentum, Governor Eric J. Holcomb has committed to make $1 billion available over the next 10 years to establish Indiana as the national capital of innovation and entrepreneurship.
“Indiana is the emerging tech hub of the Midwest,” said Gov. Holcomb. “To really make our state a magnet for jobs, we must continue to support companies like greenlight.guru by maintaining our pro-business tax climate and making funding available to jumpstart their efforts and fuel their growth.”
Greenlight.guru’s software is designed to help medical device companies automate quality processes to bring new devices to market faster. With the company’s platform, companies can decrease their development costs and improve the quality of their regulatory submissions to government regulators.
“We can’t imagine being better positioned to continue to help device markers improve the quality of life and are thrilled to be entering this next phase of growth right here in Indianapolis,” said DeRam. “It was important for us to find an ideal space to accommodate serious growth and maintain fanatical customer support.”
The Indiana Economic Development Corporation offered Soladoc LLC (dba greenlight.guru) up to $1,550,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until employees are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project in partnership with Develop Indy, a business unit of the Indy Chamber.
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