Local software firm thrives in banking niche
Banking companies with growing larger and more aggressively competing for commercial and consumer loan business, a local software company that supplies software to help them increase efficiency is reaping the benefits.
In 1996, Baker Hill Corp.. had $ 2.9 million in revenue and 27 employees working out of a 17000-square-office loot.
In 2003, the firm had revenue of $ 21.5 million and 137 employees working out of more than 36000 square feet on two floors of leased space in Caramel.
The company, which has about a thousand customers financial institutions of all sizes - also has 13 employees outside the Indianapolis area, from North Carolina to California.
Baker Hill’s been a steady growth despite the economic slowdown and fallout in the technology sector. Its revenue increased 33 percent, to $ 15.1 million in 2002, mad another 43 percent in 2003.
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