IBJNews

Software firm TinderBox relocating to Monument Circle

Back to TopCommentsE-mailPrintBookmark and Share

Software firm TinderBox Inc. will leave its increasingly cramped quarters in the Meridian-Kessler neighborhood and stretch out into a pricier seventh-floor perch over Monument Circle on Aug. 1.

Company president and co-founder Dustin Sapp expects the new 8,800-square-foot headquarters in the Lacy Building, 54 Monument Circle, to boost the three-year-old firm’s profile and help recruit employees as the company pursues plans to hire nearly 100 people over the next few years.

The move to the center of the city will place TinderBox near major clients and some of the Indianapolis technology industry’s biggest companies, such as ExactTarget Inc. and Angie’s List Inc.

TinderBox will move out of its 1,400-square-foot offices at 5255 Winthrop Ave., which is home to Developer Town, a tech startup incubator. The move downtown was a must as TinderBox grows from its current 30 employees.

“You try finding 100 parking spaces in Broad Ripple,” Sapp said with a laugh.

Sapp started the company with Kristian Andersen and Mike Fitzgerald in 2010 by pooling their savings with $150,000 from angel investors. Andersen runs design consultancy Kristian Andersen and Associates, and Fitzgerald is executive vice president for corporate development at ExactTarget.

TinderBox provides solutions for managing, tracking, streamlining and automating sales proposals, presentations and contracts. The three men, who have started multiple tech companies in Indianapolis, came up with the idea for TinderBox after encountering pains in their own ventures with sales proposals.

Investors have thrown their support into the business.

In February, TinderBox secured $1.3 million from Gravity Ventures and Halo Capital Group in Indianapolis, as well as FundersClub, a San Francisco-based online network, and other investors.

The Indiana Economic Development Corp. announced in March that it would provide up to $1.4 million in performance-based tax credits to TinderBox in exchange for investing $540,000 and hiring 95 people by 2016.

Moving downtown will mean higher rent for the young company.

Building owner Lacy Diversified Industries Ltd. was asking $19.50 per square foot annually, or about $172,000 a year, for the TinderBox space, according to a June real estate listing. Sapp declined to disclose how much TinderBox will pay under its lease, which will last more than three years.

He also declined to discuss the private firm’s finances, but said sales have grown every month since the business began.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

ADVERTISEMENT