Fishers, In -- Video management systems developer, Exacq Technologies, Inc. plans to expand its headquarters here, creating up to 49 new jobs by 2013.
Exacq Technologies develops software systems that manage video surveillance for standalone applications and multi-branch sites including universities, banks, retail stores, corporate facilities, airports and private residences. The technology developer plans to invest $1.1 million to lease additional space at its current 10,000 square-foot Exit Five Parkway facility in Fishers.
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Anchored by local and international customers including Anixter and Koorsen Fire & Security, the eight-year-old firm has grown to 30 employees and plans to begin hiring additional software and hardware engineers, technical support specialists, managers and administrative associates this month.
In 2008, Exacq Technologies was recognized by the Indiana Economic Development Corporation and its Small Business Development Center network as one of 50 Indiana Companies to Watch. The accolade, presented in partnership with Purdue University and the Edward Lowe Foundation, recognizes the state's privately held businesses that employ up to 150 employees and have between $750,000 to $100 million in annual revenue or working capital.
Exacq Technologies began operations in late 2002 and has grown substantially each year, increasing revenue 54% in 2009. Dave Underwood is President of Exacq Technologies.
The Indiana Economic Development Corporation offered Exacq Technologies, Inc. up to $650,000 in performance-based tax credits and up to $7,500 in training grants based on the company's job creation plans. The town of Fishers will consider additional property tax abatement.
Exacq Technologies was created by a group of digital video pioneers integral in the creation of industry-leading video capture boards and the first market-leading surveillance digital video recorder. The company designs and manufactures cross platform VMS software used in video security, network video servers, hybrid video servers and OEM video capture cards. ExacqVision software and hardware solutions are available throughout the world via Certified Resellers.
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