DATTUS Expands Its Indianapolis, Indiana, Operations Center
The homegrown-Hoosier company will invest $111,000 to rent and equip a new 2,500 square-foot office at 8910 Purdue Road in Indianapolis, which opened in March. The company, which launched with the assistance of the Purdue Foundry, an entrepreneurship hub that helps Purdue innovators launch businesses, will use its new facility to expand development operations for its efficiency-focused systems.
“Proximity to our customer base, a vibrant and growing startup community and access to great talent from some of the best universities in the country made Indianapolis a great choice for DATTUS,” said Anurag Garg, CEO of DATTUS.
“So many of our nation’s top minds are products of colleges and universities across Indiana,” said Eric Doden, President of the Indiana Economic Development Corporation. “DATTUS is the creation of an idea born at Purdue and grown into a tech firm already recognized for its innovation. And with the state’s booming tech sector, DATTUS and its growth fit right in here in Indiana.”
Co-founded by two Purdue University graduate students as Bearing Analytics, DATTUS’ solutions provide maintenance engineers with a continuous stream of data-driven intelligence from their machinery, which helps clients achieve near-zero downtime and failure prediction.
As an incentive, Indiana Economic Development Corporation offered DATTUS, Inc. up to $605,000 in conditional tax credits and up to $19,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
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