InComm Plans Expansion of Alpharetta Office

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InComm, a payment and transaction technology company, plans to create 275 additional jobs and invest $20 million in the metro Atlanta area through 2016.

That’s according to Gov. Nathan Deal, who made the announcement Wednesday afternoon.

“Georgia’s workforce is among the best and brightest,” Deal said. “Their talents and skills, paired with Georgia’s existing infrastructure offer valuable resources for innovative and growing high-tech companies. InComm’s decision to continue investing and creating jobs in metro Atlanta speaks to our status as a hub for the financial technology industry.”

Seventy percent of all U.S. financial transactions are processed through Georgia. Georgia-based financial technology corporations process more than 85 billion transactions annually and employ nearly 40,000 workers in the metro Atlanta area.

Due to growth in the financial technology industry, InComm will expand its existing facilities in Atlanta, Peachtree Corners, and Alpharetta and open a new data center in Suwanee.

“Our company is continuously being recruited by states across America to expand our workforce or deepen infrastructure investments away from InComm’s Atlanta headquarters,” said Chief Operating Officer and Chief Financial Officer Scott Meyerhoff. “However, the state of Georgia and several local governments have demonstrated their commitment to keeping us here by creating a favorable economic environment for us to develop talent through our innovative internship program and university partnerships with Georgia Tech, Georgia State, University of Georgia and Kennesaw State.”

InComm offers connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 retail distribution points. With more than 500 brand partners in retail, restaurants, gaming, software and entertainment, InComm generates an economic impact of over $30 billion and reaches one billion consumers annually.

“We are excited to celebrate with InComm as they continue to strengthen their legacy in Georgia and the FinTech industry at large,” said GDEcD Commissioner Chris Carr. “Georgia is home to an abundance of skilled labor and a sophisticated technology infrastructure, including the largest fiber optic intersection in the nation. Along with the culture of collaboration that exists between businesses, state government, academic institutions and local partners, it is clear that Georgia is the place for companies in the FinTech industry to thrive.”

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Photo: Gov. Nathan Deal, InComm COO and CFO Scott Meyerhoff and Atlanta Mayor Kasim Reed during an announcement about the company’s new investment in metro Atlanta. Credit: InComm’s Facebook page