August 28, 2014

New business

MindTree is a coup for Gainesville

Cynthia Barnett | 6/5/2012
MindTree
Lt. Gov. Jennifer Carroll embraces Scott Staples, co-founder and president of the Americas for MindTree, during MindTree’s announcement that it is expanding in Gainesville. [Photo: Doug Finger/The Gainesville Sun]

Software development firm MindTree announced this spring that it is opening a Gainesville operation, its first major expansion in the U.S., with the promise of at least 400 jobs at an average salary of $80,000. MindTree will be part of the 40-acre, mixed-use urban research neighborhood in walking distance of the University of Florida campus and downtown. Scott Staples is co-founder and president of the Americas for MindTree.

Florida Trend: What were the deciding factors in choosing Gainesville?

Scott Staples: At the end of the day we were looking for a complete ecosystem to support our growth. This ecosystem needed to include local and state government support, a city obsessed with growth and innovation, a strong business base in the state and a research university to provide a constant stream of great talent. All of these factors were important, but having a research university to partner with like UF was the cornerstone.

FT: Did Florida offer MindTree better economic incentives than Birmingham, Ala., or Greenville, S.C.?

SS: I would call Florida’s incentives dead even with the others.

FT: You had dinner with Gov. Rick Scott in Tallahassee. Did he help seal the deal, or was it more the local effort?

MindTree

Business: Develops software for companies and independent software vendors around the world

Headquarters: Bangalore, India, and Warren, N.J.

Revenue: $400 million — 60% from the U.S., 22% from Europe

Employees: 9,700 — 800 in the U.S.

Operations: 25 offices in 13 countries, including Australia, Belgium, Switzerland and India

SS: No single person can get credit for sealing this deal. One of the most impressive aspects of this process was how well-orchestrated the pitch was from the state, local and university level. We were blown away by how the entire community came together to present a common message.

FT: How important was UF’s College of Engineering? How worried are you about proposed budget cuts to the college and the university?

SS: We would not have chosen Gainesville if UF was not a great research university and did not have a strong College of Engineering. A partnership with the College of Engineering will be the cornerstone of our success in Gainesville. With a strong research university like UF, Gainesville has a decent chance of being the next Austin but will require a lot of teamwork, funding and innovation to get there. MindTree hopes to be a big part of that journey.

Tags: Northeast, Technology/Innovation

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Space Launch System
Space Launch System

NASA is ready to move forward with the development of the Space Launch System -- an advanced heavy-lift launch vehicle that will provide an entirely new national capability for human exploration beyond Earth's orbit. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

When will you retire?

  • Soon - within a year
  • 2-3 years from now
  • 4-6 years from now
  • 6-10 years from now
  • 10+ years from now
  • I can't envision retiring
  • Already retired!

See Results

Ballot Box
Subscribe