An Indianapolis software firm that helps clients across the globe pull off successful events announced Friday morning that it plans a $1.2 million expansion that’s expected to create more than 100 jobs by the end of 2022.
Socio currently has 15 full-time employees in Indianapolis, as well as additional staffers in Instanbul. It already has hired 10 associates locally as it works toward its goal of creating 156 jobs.
The two-year-old company helps enterprises and small businesses optimize their events and boost return on investment for their organizers, attendees and sponsors. The company has hundreds of clients across six continents, including Google, Microsoft, PepsiCo and Hyundai.
"With digitization and globalization changing the landscape of economic growth, we believe that Indiana, with its available talent pool, affordable cost of living and direct access to venture capital, is well on its way to becoming a hub for innovation and business prosperity," Socio CEO Yarkin Sakucoglu said in a statement.
Socio is currently hiring sales development representatives, account executives, customer service representatives, a digital marketing manager, a quality assurance engineer, a product manager and a chief of staff.
To accommodate its growth, Socio will invest $1.2 million in its Indianapolis headquarters over the next five years. The company recently renovated and moved into 2,527 square feet at 115 W. Washington St. downtown and is exploring other Indianapolis locations that would support continued growth.
The Indiana Economic Development Corp. offered Socio up to $2.2 million in tax credits based on its job-creation plans. The incentives are performance-based, meaning the company can’t claim them until workers are hired.