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Renew Expands Indianapolis, Indiana, Operations

04/04/2017, a modern quality management software company focusing on the medical device industry, expanded its operations in a new office for tech startups in downtown Indianapolis, Indiana. As part of its growth, the company plans to create up to 120 new jobs by 2020. is investing $651,022 to move into a 7,200-square-foot office at Union 525, a new 122,000-square-foot hub for tech businesses in Indianapolis. The new space is nearly 50 percent larger than its former office in the Stutz Business Center.

“What we saw when we looked at the medical device market was that the industry was stuck on a bunch of legacy systems and paper quality systems that were holding them back,” said David DeRam, CEO of “These systems were not designed for medical device companies and were not allowing them to innovate and be efficient. So we’re very proud of the fact we’ve been able to help device makers all over the globe, as well as right here in Indiana, replace those systems with sophisticated, cloud-based, modern quality management software enabling them to bring safer, life-changing products to market faster with less risk.”

“We can’t imagine being better positioned to continue to help device markers improve the quality of life and are thrilled to be entering this next phase of growth right here in Indianapolis,” said DeRam. "It was important for us to find an ideal space to accommodate serious growth and maintain fanatical customer support."

As an incentive, IEDC offered Soladoc LLC (dba up to $1,550,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project in partnership with Develop Indy, a business unit of the Indy Chamber.

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