Health care information technology firm hc1.com announced Friday morning that it will expand its Boone County headquarters, creating up to 175 jobs by 2019.
hc1.com said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its existing 16,626-square-foot headquarters in Northwest Technology Park at 96th Street and Zionsville Road. The company, which moved into the building in February, expects the new space to be ready by the end of the year.
The company has been on an expansion tear. In November, hc1.com said it would invest $1.4 million to grow in Indianapolis, creating 62 jobs. And, in 2010, the firm launched an expansion in Boone County, investing $321,250.
The firm already has 93 employees, with most in Indiana, and is hiring additional software engineers, sales staff and other personnel.
A new partnership with Beckman Coulter Diagnostics is fanning the flames. The companies announced last month that the California-based equipment maker's 400-person strong sales force will market hc1.com's so-called (and trademarked) Health Care Relationship Cloud to its laboratory clients.
"Health care is a big market," Chief Financial Officer Chris Brown told IBJ, "and it's somewhat under-served by technology."
Its software provides a dashboard to manage medical documents, bills and other records for labs, radiology clinics and other medical offices. It also yields data customers can use to manage their operations, such as information on physicians’ productivity.
“hc1.com is expanding rapidly as we work with health care organizations to transform the health care experience for people across North America and around the globe." CEO Brad Bostic said in a prepared statement.
Bostic is a veteran of the Indianapolis technology scene who co-founded Cha Cha Search Inc.
The firm has quietly raised more than $14 million from investors, and Bostic told IBJ last year that hc1.com was on track to double its $10 million in annual sales.
Brown said there's still plenty of room to grow.
“We’re building a $1 billion-revenue business right here in Indiana,” he said.
Company leaders considered moving some operations to Austin, Texas, a hotbed for tech talent, but ultimately decided to stay put. Fishers-based site consultant FairWinds Advisors helped the firm land financial incentives from state and local officials.
The Indiana Economic Development Corp. offered hc1.com Inc. up to $3 million in tax credits and up to $100,000 in training grants based on the company’s job-creation plans. The credits are performance-based, meaning the company only receives them once Hoosiers are hired. Boone County is contributing $50,000.