Innovation firm investing $1.7 million and creating 100 new jobs in rapid expansion
COLUMBIA, S.C. - TCube Solutions, a software services provider and innovation firm, is expanding its existing operations in Richland County. To accommodate its continued growth, the company is investing $1.7 million to move into a new facility and create 100 jobs.
Founded in 2007 with the assistance of the USC-Columbia Technology Incubator program, TCube provides efficient and cost-effective software systems implementation, configuration, maintenance and integration services to insurance industry clients worldwide. With more than 100 existing employees in the United States, the company utilizes innovation accelerators and complementary solutions to reduce clients' cost and risk, allowing them to maximize revenues.
The company will be moving into a 25,000-square-foot workspace in the First Base Building at Spirit Communications Park in Columbia, S.C., and adding additional equipment. Hiring for the new positions is expected to begin in the first quarter of 2017, and interested applicants should visit the company's online careers page.
The Coordinating Council for Economic Development has approved job development credits related to this project.
"Columbia is a thriving insurance technology hub offering experienced local talent and community resources that continue to accelerate our business growth. Specialized educational programs from USC, Midlands Tech and local industry groups help sustain a rich talent pool. We continue to receive outstanding support from local, state and community leaders. We want to especially thank Representative James Smith for helping TCube connect with the many support groups and local leaders that have been so instrumental in our success. Partnerships with the USC Business and Technology Incubator, USC and Midlands Tech enable TCube's business to thrive in Columbia." -TCube Solutions CEO Sam McGuckin
"TCube's growth in Richland County, with its decision to invest an additional $1.7 million, is another success story that shows that Team South Carolina has developed a business environment where companies of all kinds can thrive. We're excited to thank TCube for the commitment they have shown to our people by creating 100 new jobs, and look forward to seeing the positive impact it will have on our state." -Gov. Nikki Haley
"Today, we're thrilled to celebrate a great win for South Carolina's rapidly-growing tech industry. With this announcement, TCube builds on the momentum achieved by this dynamic sector, which employs approximately 60,000 workers across our state." -Secretary of Commerce Bobby Hitt
"The TCube success story is a prime example of what can be achieved when we invest time and energy in the talents of local entrepreneurs. That was the mission upon which the USC-Columbia Technology Incubator was founded. Thanks to the collaboration of all the Incubator community partners, we are developing local talent, creating jobs and making the Midlands a great place to live, learn and earn." -USC President Harris Pastides
"Sam and the team at TCube have worked hard to build a great company. They are an example of the type of tech start-ups the Midlands is becoming known for, and their continued success will have a ripple effect -- boosting the local economy and drawing even more talent to the region." -USC-Columbia Technology Incubator Executive Director Bill Kirkland
"Richland County is proud to support an environment that fosters innovation and encourages the growth of small businesses such as TCube Solutions." -Richland County Council Chair Joyce Dickerson
"The City of Columbia is thrilled to see TCube Solutions, a local insurance tech start-up and graduate of the USC-Columbia Technology Incubator, expand to Bull Street as they continue to grow into a highly-successful, innovative solutions provider. From their beginnings a decade ago with three employees, their creation of 100 new jobs and $1.7 million investment showcases the incredible growth potential of their company. Their commitment confirms that Columbia is indeed a vibrant, world-class entrepreneurial city, and we congratulate them on their continued success." -City of Columbia Mayor Steve Benjamin
"Columbia and the Central South Carolina region have long been hubs for the insurance sector, and today offer a thriving insurance technology environment. TCube Solutions is a start-up company that continues to grow and expand here at home. Companies operating in the knowledge economy understand the value of operating in a region that offers tremendous higher education support that generates a trained and skilled workforce. Congratulations to TCube Solutions; we look forward to future growth and development." -Central S.C. Alliance Chairman Mike Brenan
FIVE FAST FACTS
• TCube Solutions is expanding its Richland County operations.
• $1.7 million investment to create 100 new jobs.
• TCube Solutions is a software services provider and innovation firm for clients around the world.
• The company will be moving into a 25,000-square-foot workspace in the First Base Building at Spirit Communications Park in Columbia, S.C.
• Interested applicants should visit the company's online careers page.
About S.C. Department of Commerce
As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. In three of the last five years, IBM-Plant Location International reports ranked South Carolina first in the nation for attracting jobs through foreign investment, per capita. The state won the Gold Shovel Award and the Project of Year Award from Area Development magazine in 2012, 2014 and 2015. For more information, visit www.SCcommerce.com.