For Immediate Release
Software Engineering Firm Grows in Marion County
INDIANAPOLIS (Dec. 10, 2012) – The RND Group, Inc., a provider of medical software solutions for the life sciences industry, announced plans today to expand its operations here, creating up to 25 new jobs by 2016. The company will invest $1.3 million to update and equip its current 13,510 square-foot Indianapolis facility.
“RND is renowned worldwide for its expertise in specialized medical software and business solutions. We are thankful for its investment in Indianapolis, which demonstrates the strength of our growing IT sector,” said Indianapolis Mayor Greg Ballard. “Our skilled and educated workforce, coupled with university support and a business-friendly climate, has created a dynamic presence of leading life sciences companies here. We look forward to partnering with RND in the future and wish the company the best on its continued success.”
RND, a 2009 ‘Company to Watch‘ recipient, provides full-life cycle engineering services to companies who are developing products, like microprocessors, requiring custom software. Established in 1996, today the company employs 27 full-time Hoosiers. It plans to continue to fill additional software development positions on an ongoing basis in Indianapolis.
“RND Group is thrilled to be expanding in Indianapolis,” said Tim DeFrench, president of RND. “Indiana’s low-cost of doing business and excellent supply of high caliber life sciences talent have created an environment where our company can continue to thrive and grow.”
The Indiana Economic Development Corporation offered The RND Group, Inc. up to $700,000 in conditional tax credits 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 approved additional tax abatement at the request of Develop Indy.
“We’re excited that RND has chosen Indiana as a fixture in its long-term business plans and look forward to watching them continue to expand in the future,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
About RND Group
The RND Group is a software engineering firm that specializes in medical device and consumer electronic product development. The company works with businesses by partnering with their product development organizations in providing project management, requirements management, software engineering, and product testing services as needed to complement its clients’ existing engineering departments. www.RNDGroup.com
About Develop Indy
Develop Indy is Marion County’s local economic development organization. Develop Indy, a business unit of the Indy Chamber, is dedicated to attracting new businesses, retaining and expanding existing businesses and serving as a catalyst for capital investment and quality job growth in Indianapolis/Marion County. Formed in 2007, Develop Indy is led by Mark Fisher, Interim President. For more information visit, www.developindy.com.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
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Tim DeFrench (RND) – 317.841.8014 or firstname.lastname@example.org
Cara Klaer (Develop Indy) – 317.476.6903 or email@example.com
Katelyn Hancock (IEDC) – 317.234.2294 or firstname.lastname@example.org