Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
Out-of-town technology companies are putting down roots here and growing fast. They’re looking to tap into relatively fresh talent pools and to capitalize on what cities like Indianapolis don’t have—a high cost of doing business and intense employee poaching.