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Marketing software firm CIK plans to expand, add 57 jobs

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Indianapolis-based CIK Enterprises LLC, a marketing software and services firm, announced Monday morning that it plans to add 57 jobs by 2016.

The company will continue to lease a 30,000-square-foot facility at 7225 Georgetown Road on the city’s west side and has begun installing new information technology equipment as part of the expansion.

CIK has 44 full-time employees and has begun hiring for software architects, management, sales, customer service and technology-support positions.

The Indiana Economic Development Corp. said it will provide CIK up to $465,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job-creation plans. The city of Indianapolis will consider additional property-tax abatements.

Founded in 2001 by Scott Hill and Andy Medley, CIK’s revenue has more than tripled since 2004, reaching $22 million in 2011.  

It is one of more than 70 return-on-investment-based digital marketing firms, or “measured marketing” companies, based in Indiana. Others include ExactTarget Inc., Aprimo Inc., Compendium Software, Right On Interactive, ModalLogix, Delivra and Formstack LLC.
 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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