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Software firm eyes closure of Carmel office with 61 employees

November 27, 2017

California-based software firm Prysm Inc. has notified Indiana officials that its 61-employee Carmel office could be facing a possible closure in January.

But Asaf Kharal, the company’s vice president of legal matters, told IBJ the letter to the state is “a precautionary notice only” and the company does not expect a closure to occur.

In a letter to the Indiana Department of Workforce Development, Prysm President and CEO Amit Jain said “the company is currently in discussions with potential investors but investment commitments have not yet been secured.”

If the company secures the investment, it won’t be closing any of its offices, Kharal said.

If a closure were to occur, the notice said it would happen on Jan. 21. The list of potentially affected positions includes engineers, software developers, project managers, administrative support and other positions.

Prysm, based in San Jose, California, and established in 2005, develops software and digital platforms for businesses. In 2014, it acquired Carmel-based custom-software developer Anacore Inc. to gain an Indianapolis-area presence.

The local office, at 11711 North College Avenue, had about 10 employees when Prysm acquired it. Employment at the 20,000-square-foot local office grew to about 70 as of November 2016.

The company is a leader in the “immersive team collaboration systems” market, as defined by research firm Gartner.

Prysm also has offices in Chicago, Los Angeles, Atlanta, Dallas, New York City, San Francisco and Concord, Massachusetts; as well as international offices in Europe, India, China and Dubai.

 

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