Baker Hill CEO says company will stay in Carmel, announces 7-year lease extension and expansion

Andy Ibenkovich, CEO of Baker Hill, said the company will remain in Carmel and has arranged a seven-year lease extension and a physical expansion of its local offices.

Ibenkovich said investors based in New York have supported the decision to stay, and he linked the choice to what he described as a shared vision for the city: "the vision that Mayor Sault has for for the city is just right up where private equity wants to invest." He announced, "we've announced that we're extending another 7 years with our lease provider and actually expanding our space around our facility here."

The remarks framed Baker Hill's continued presence as a mix of business strategy and local quality-of-life. Ibenkovich described Carmel's downtown as a recruiting and client-hosting asset, citing restaurants and the Monon Trail as examples that make the city "alive and vibrant" for employees and visiting bank clients. "When you're sitting in, you know, places like the downtown area and the restaurants, then you got people walking up and down on the Monon Trail," he said.

Ibenkovich identified himself at the start of the recorded remarks as the company's CEO and noted that Baker Hill serves banks and credit unions across the nation. He also described the company's ownership: "Like many software companies, we're owned by private equity. They're in New York," and added that those investors backed the decision to keep offices in Carmel.

The transcript records a single speaker and does not include a vote, motion, or response from city officials in the same segment. The remarks present Baker Hill's announced lease extension and space expansion as business decisions supported by company investors and framed as aligned with Mayor Sault's vision for Carmel.