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UPDATE: Software firm plans 70 jobs in HQ relocation

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A 5-year-old Georgia firm that produces software to manage energy use is moving its corporate headquarters to Indianapolis, where it plans to hire 70 workers by 2015, economic officials announced Monday morning.

Blue Pillar Inc., founded in 2006 in Alpharetta, Ga., will locate on the city’s north-side at 9025 River Road. The company already lists the address as its headquarters on its website.

Develop Indy, the city’s economic development agency, said it will pay for the company’s relocation expenses, but declined to disclose the amount due to "competitive reasons."

The company, which now has fewer than 10 employees, said it plans to add 70 employees by 2015 mostly in software development and sales. The average wage for those jobs is expected to be more than $40 per hour.

Blue Pillar CEO Kevin Kushman said the move to Indianapolis will help the company consolidate its operations and manage projects across the United States from a central location.

“Indianapolis offers us both the talent and location we need to expand our operations,” Kushman said in a prepared statement, noting the large presence of engineers and software developers in the city.

Blue Pillar’s software and hardware products help large-scale energy consumers such as hospitals and universities manage electricity use on their campuses and across multiple sites in different states. That’s particularly important for medical facilities that require capacity for backup power generation.

Duke University Medical Center, Baylor University Medical Center and Houston’s Methodist Hospital are among Blue Pillar’s current clients.

A spokesman for Blue Pillar said demand for so-called energy-asset management products has grown as energy costs have increased and users have relied on them more heavily to control costs. The company is the maker of Avise emergency power-management software.

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  • the actual number doesnt matter
    I think the numbers don't matter so much. I appreciate the story because it reiterated the great developer community we have in Indy. My guess is that they didn't disclose the cost because it wasn't all that much. My guess is that they won't be able to hire that many developers, the market is very competitive, $40 is a low wage for developers.
  • Fishers Mom
    Excuse me, but 9025 River Road is in INDIANAPOLIS, not Fishers. Develop Indy uses MY (Indianapolis) tax money to lure jobs, not YOUR (Fishers) tax money.

    You can have all the tea parties you want in Hamilton County, but please keep them there. Indianapolis needs the $40/hour jobs.
    • Really?
      Won't disclose because of "competitive reasons"? You must be kidding. You are using our tax dollars and we don't have the right to know how you are spending the money? Or is this more of the jobs that make good headlines but never materialize?

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      1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

      2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

      3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

      4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

      5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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