By Abrahm Hurt
INDIANAPOLIS — A cloud-based software company, myCOI, is expanding in Indianapolis and plans to create 185 high wage jobs by 2021.
MyCOI tracks and manages certificates of insurance allowing companies to avoid uninsured claims, underinsured claims, costly litigation and failed audits.
Indianapolis Mayor Joe Hogsett, myCOI CEO Kristen Nunery and Lt. Gov. Suzanne Crouch announce that 185 positions will be added at myCOI, a provider of cloud-based software for tracking and managing certificates of insurance applications. The company plans to fill all positions by 2021. Photo by Cameron Mattern, TheStatehouseFile.com
Founder and CEO Kristen Nunery said the company is excited to grow in Indianapolis.
“With everything that’s happening in the tech community here and the support that’s here, it’s really proving to be the right decision for us,” she said at the job announcement Wednesday. “Indianapolis is the fifth fastest growing technology community in the nation which is pretty exciting.”
The company recently invested $765,000 in moving its headquarters from the northeast side of Indianapolis to the downtown area. The company completed its relocation to 445 N. Pennsylvania St. in March. Nunery said the new space is a very open, collaborative environment with a lot of natural lighting.
The company currently has 36 full time employees, and they are already beginning to hire in sales, software development and insurance service professionals.
The increased growth in the tech industry in Indianapolis didn’t happen overnight, said Lt. Gov. Suzanne Crouch.
“It happened over the last 12 years when businesses made tough decisions and leaders like Kristin emerged and looked forward into the future,” she said. “In fact, we are starting to be known as the Midwest Silicon Valley and that in and of itself is exciting.”
Indianapolis Mayor Joe Hogsett said some might be surprised to know of the success of Indiana’s tech industry.
“I used to say with some frequency that as far as the tech community was concerned that Indianapolis was our country’s and the Midwest’s best kept secret. Well, with myCOI’s expansion announcement today and with some of the other announcements that have been made over the last 48-72 hours, I think I with confidence can declare that Indianapolis is the tech capital of Midwest.”
MyCOI is already hiring sales, software development and insurance service employees. Interested applicants can apply at mycoitracking.com.
Abrahm Hurt is a reporter for TheStatehouseFile.com, a news website powered by Franklin College journalism students.