Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as
many as 49 new jobs by 2013.
The Indiana Economic Development Corp. announced the firm’s plans early Tuesday.
Eight-year-old Exacq, which develops software systems that manage video security and surveillance for local and international customers, plans to begin hiring this month. It already employs 30, up from 17 in 2007.
Exacq was one of 50 businesses identified as Indiana Companies to Watch by the Indiana Economic Development Corp. and its Small Business Development Center network. The honor recognizes up-and-coming enterprises that employ up to 150 and have at least $750,000 in annual revenue or working capital.
The IEDC offered the company as much as $650,000 in performance-based tax credits and up to $7,500 in training grants. The town of Fishers will consider additional property tax abatement.
"Indiana is a great place to grow and operate a technology business," company President Dave Underwood said in a prepared statement. "In particular, our close proximity to schools like Rose-Hulman, Purdue, Indiana, and IUPUI provides us with a rich pool of young talent to choose from."