Core10 Insights

 

Core10 is excited to participate in the upcoming Boston FinTech Week 2019! Our friends at FinTech Sandbox have curated an impressive agenda for this action-packed week. The depth and breadth of the thought leaders, industry titans, incumbents, educators, VCs and innovative start-ups working together to create the future of fintech is going to be powerful indeed.

Topics: #featured, fintech, featured, hereshore, tech, Boston Fintech Week

There are deep pools of talent between the coastal hubs.

America is booming with emerging technology, but much of the innovation and development has gravitated to either coast, in places such as New York City and San Francisco. As a result of demand, the cost of talent in such locations can be exponentially higher than in other parts of the country.

Topics: Core10 Way, #featured, Agile, featured, hereshore, Tennessee, Talent, West Virginia

Hereshore® is Core10’s way to describe our unique model of developing software exclusively in the US, utilizing technology talent based in America's heartland. It allows us to maintain high-quality standards, yet keeps costs low for our clients based on the cost of living in the cities and towns where we locate our hereshore development centers.

These non-traditional markets bring their challenges; if it were easy to establish a development presence there, everyone would be doing it. But we feel strongly about the 

Topics: Core10 Way, GenerationWV, ImpactWV Fellowship, featured, hereshore, Mountwest, NewForce, Tennessee, Learn and Earn, UT Martin, West Virginia, hiring

Topics: featured, hereshore, Press, Senator Capito, Talent, West Virginia, Metro News, 13WOWK

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech.

Topics: #BankOnItPodcast, featured, hereshore, Press, Tennessee, John Siracusa, Leadership, Podcast, West Virginia

To learn more about outsourcing software development, please download our white paper,  Creating a Successful Strategy for Software Development Outsourcing.

Topics: Core10 Way, Development, featured, hereshore, outsource

Martin is starting to form a small technology hub in West Tennessee after a second high-tech company moved into downtown.

Topics: Jackson Sun, featured, hereshore, Press, Tennessee, Talent

FOR IMMEDIATE RELEASE
Friday, November 30^th, 2018

Topics: hereshore, Press, Tennessee, Press Release

Worldwide, companies hoping to save money outsourced nearly $80 billion of business in 2016, says Lee Farabaugh, chief operating officer of Nashville-based software developer Core10. Much of it goes offshore to places like India, China, and especially Ukraine, where project bids might be a quarter what they are in Silicon Valley or New York.

But the best-kept secret in IT, Farabaugh says, is domestic outsourcing—or “hereshoring,” a term Core10 has applied to trademark. It was a commitment to hereshoring that brought Core10 to Huntington in October 2016.

Offshoring carries hidden costs, she says. Financial ones, like travel and visas, can hike the total up to nearly the same as the cost at the home office. Heap on top of that some less quantifiable “headaches,” such as time zone differences, language and cultural barriers, and difficulty managing project flow.

Hereshoring directs work to U.S. places where costs are relatively low and the time
zone, language, and business culture are inline with the home office. “I like to call them ‘underutilized markets,’” Farabaugh says of places like Huntington, where the hourly cost of project development can be one-third to one-half what it is in a major market, with none of offshoring’s headaches. “You find fantastic talent, the cost of living is low, and it’s a win-win when you can pay them a good wage to stay in a place where they love to live.”

Core10 started in Huntington with three Marshall graduates, doubled its staff to six in January, and plans to employ at least 15 by the end of 2017. It’s one of six companies participating in Generation West Virginia’s yearlong Impact WV Fellowship initiative to attract and retain top-notch employees.

Some of Farabaugh’s observations could help the state attract other hereshoring activity.

What makes a good hereshoring partnership?

Some communities are more hereshore-able than others. There are a number of things we loved about Huntington. It’s a university town and there’s a very strong computer science program at Marshall, and Marshall’s been incredibly welcoming to us. We like the location; it’s an easy drive from Nashville. The infrastructure there is quite good: municipal, technology— there’s a big fiber cable running right under our building. Beckley is another city we could definitely consider.

Enthusiasm counts.
We really love the spirit of the people in Huntington—very hardworking, humble people who love that place and want to stay there, want to be on the edge of technology, want to see, “Can we make
this happen in our town?” They’re excited about that. We’ve also had nothing but the most incredible support from the senators, the commerce secretary, the mayor of Huntington. This wouldn’t happen anywhere else. It’s just tremendous that you could get that kind of attention on a little company coming in to try to quietly start a revolution.

Skin in the game helps.
The whole state honestly has been so eager. We did a venture capital round in the fall and raised our intended amount, and we did it all in West Virginia. (Huntington native son and Core10 adviser) Joe Maxwell challenged us to do that. He said, “It’s going to be hard but it’ll be worth it.” A significant portion of what we raised was done through the West Virginia Jobs Investment Trust, who were lovely to work with and are doing amazing things, and the rest was private money, individuals who believe in what we’re doing and want a return but also want to see innovation and entrepreneurship thrive there. The state has invested in us and we want to invest in the state.

Topics: hereshore, Press, WV Living

Topics: hereshore, Press, Press Release