Compiled by James Feichtner
The concept of cloud based service and software can be a difficult concept to grasp, which is why companies like CloudOne can be such valuable assets in helping companies utilize this new technology. With Fishers being a haven for tech savvy companies, it seems only fitting that on July 22 CloudOne announced that it will be relocating its global headquarters to Fishers.
“As CloudOne has scaled up, we have quickly outgrown our current office space. In order to help enterprises make their things for the Internet of Things, it’s imperative we have a creative workspace reflective of our company’s culture and conducive to collaboration. Indiana has been the perfect place to grow our business and we are looking forward to the Fishers community helping foster our continued growth,” John McDonald, CEO of CloudOne said.
The move was facilitated and supported by the Indiana Economic Development Corporation and The Fishers Economic Development Commission. The company will lease 11,518 square feet in The Switch at 8626 East 116th St., Suite 300, in the Nickel Plate District. The move will allow CloudOne to create approximately 64 new full-time positions for Indiana resident employees by 2019.
“I couldn’t be more excited to welcome CloudOne to the Fishers community,” Fishers Mayor Scott Fadness said. “Recently named one of Indiana Business Journal’s 2015 fastest growing companies, CloudOne truly embodies the high-growth, entrepreneurial tech culture that exists here in Fishers. Their commitment to our community elevates us all.”
CloudOne will occupy the entire third floor space in The Switch, a $28 million dollar mixed-use project. All current employees working from the CloudOne location at 9247 North Meridian St. in Indianapolis will relocate to the new headquarters.
“We are thrilled to have an innovative, high-energy company like CloudOne joining The Switch,” Drew Loftus, founding principal of development firm Loftus Robinson said. “CloudOne is exactly the kind of business we enjoy working with – they really value the impact a progressive office environment can have on their business and overall company culture.”
Simultaneously, it was announced The Indiana Economic Development Corporation offered CloudOne up to $1.7 million in conditional tax credits based on its job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. All CloudOne employees currently working in Indianapolis are expected to be transitioned into the new space by the fall of 2015.
The news of CloudOne’s global headquarters relocation comes shortly after it was announced the company was named No. 4 on the Indianapolis Business Journal’s annual list of the Indianapolis area’s Fastest-Growing Private Companies. The rankings profile the top companies in Indianapolis based on the greatest percentage of revenue growth over the past three fiscal years.
CloudOne helps bring enterprise applications to the cloud, enabling global collaborative development, production and analysis of software and products in real time on individual, secure, private hybrid cloud environments. For more information, visit www.onecloudone.com