Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowScale Computing, a California-based developer and manufacturer of data storage technology, said today it has received state grants to help relocate its headquarters to Indiana.
The company will move from Silicon Valley and begin building its operations in a yet-to-be-determined location in Indianapolis, with the help of a $2 million grant from Indiana’s 21st Century Research and Technology Fund.
Scale has 15 employees and plans to expand to 50 by the end of next year. It currently has a small office in Greenwood.
“The potential for high-skill, high-wage jobs created by Scale Computing, and companies like it, is the exact reason the 21st Century Fund exists,” Secretary of Commerce Mitch Roob said in a prepared statement.
Scale’s enterprise storage product, TrueClusterTM, allows users to add storage hardware, known as storage nodes, as necessary without suspending services or migrating date. It can reduce costs by up to 75 percent compared to traditional enterprise storage solutions, the company said.
The technology received the top prize at the 2008 Indiana Venture Idol competition, beating out 20 challengers at the event co-sponsored by the Indiana Economic Development Corp. and the Indiana Venture Club.
In May, the company received a Mira Award as the best information technology startup company in Indiana.
Scale founders Jeff Ready, Scott Loughmiller and Ehren Maedge met while students at Rose Hulman Institute of Technology in Terre Haute. Their previous venture, California-based anti-spam appliance maker Corvigo, sold for $41.5 million in 2004.
Please enable JavaScript to view this content.