North-side cybersecurity firm moves HQ downtown

Pondurance LLC, a 25-employee cybersecurity firm, has ditched its north-side digs and moved its headquarters downtown.

The company moved into 10,500 square feet of office space at 500 N. Meridian St. earlier this month. The space was previously leased by Harrison College.

Pondurance previously occupied about 2,500 square feet of space in an office building near 96th Street and Keystone Avenue.

Dennis Porter, Pondurance director of operations, said the company was looking to get closer to some of its customers downtown.

"Having the clients be able to come to us is important to us," Porter said. "And we do a series of security briefings, which are very well-received, and being in a central location will allow more people to attend those."

Pondurance is sub-leasing the new space from Hall Render Killian Heath & Lyman, an Indianapolis-based health care law practice. Hall Render leased about 66,000 square feet in the seven-story 500 N. Meridian office complex after moving from downtown's OneAmerica Tower last year. 

The firm plans to build out the new office in phases.

Pondurance, founded in 2008, helps companies monitor, prevent and remediate cyber threats. It does so through traditional consulting or through a managed security model, in which it it manages some or all of a client's cyber security operations for a subscription fee.

It has hundreds of clients in the public and private sector, Porter said, and has annual revenues in the high seven-figure range.

The company's co-founders are Ron Pelletier and Landon Lewis. They are managing partners along with Dustin Hutchison. The firm is debt free and and has not taken on any venture capital, Porter said, having been financed by its founders.

In late 2015, Pondurance announced plans to hire 65 Hoosiers by 2023 in highly paid technical positions. It has added about 10 workers since that time.

"We are excited to be moving downtown," Pelletier said in written remarks. "This move demonstrates our commitment to Indiana, and it offers us greater visibility to our clients and the state’s growing pool of technology workforce candidates."