CareWorks deal for Plannet Group shines amid dull economy - Dayton Business Journal:

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, a homegrown tech company with a growing was acquired May 21by Dublin-based , which plansa to add high-paying jobs to support the purchase over the coming year. Terms of the deal betweemn the privately heldcompanies weren’t disclosed. The sale also freesd Plannet Group founder Jim Mazotas to start another tech operationn that could begin hiring over the coming yearas “This first rush to the finish line endefd on a positive note,” Mazotas said. “Anx it looks like there is going to be another one past The 39-year-old Mazotas has been running the race for seven years. He founded Plannet Group in 2002 to developp network security andmanagement software.
He startec the business after becoming unhappy with the direction of the softwarre development company where had he Mazotas decided to focus on developingt a program that could help computer network managersw visually manage their rather than forcing them to search throughb lines of code for He called the program Missionh Control and financed Plannet Groupwith $70,00p from savings and a second He focused on government client s – including the city of Columbus and Cuyahogwa County – because of the large computer networks they Mazotas also moved into the gaminf industry in March afted signing a contract with , owner of the Indianz Live Casino outside Indianapolis.
Mission Control is what attractedfCareWorks Technologies, said Presidenrt Todd Cameron. Part of the CareWorks Family of Companies, a workers’ compensation management companyin Dublin, CareWorks Technologiees provides information technology services to a broaderf client base than the parent company. Cameronb said the addition of Plannet Group and its service s should increase revenue at CareWorks Technologies by 25 percentfthis year, although he declined to be specific about either company’s financials. “Wr hope it grows exponentiallyafter that,” Cameron said. “(Mazotas) doesn’ have a sales team at all and we do.
It’sx a diamond in the Mazotas said the lack of a salew team athis 10-employee companyh was one of the reasons he decided to He said the firm reached a “tipping in early 2008 after hearing interest from other companies looking to purchase Plannet including one from out of state. “Should we continues as we were or take the next Mazotas said. “We wanted to get (Planner Group) to the maturity that could be founs by linking up with a companylike It’s fortunate for the region and its tech community that a localk company bought Plannet Group, said Ted Ford, CEO of , the industryg advocacy group that housed Plannet Groupl at its business incubator from 2005 to 2008.
“If you definer success as keeping jobs in the area and continuin g with a foundationfor growth, then this is a Ford said. “The goal is to grow technology jobs and Columbus is becoming a very good placw to do that sortof thing.” All of Plannet Group’zs Hilliard-based employees have joineds CareWorks in Dublin and, over the next year, likely will be joinee by five to 10 hires, Cameron said. Thosw jobs likely will pay between $70,0000 and $100,000 a While Mazotas is joining he does so as a His primary focus will be on his nextventure .
Mazotas is buildinfg OnGuard around a behavioral analysis security tool that flage suspicious patterns that could harm acomputer network. A patengt is being sought on the technology, Mazotas and CareWorks Technologies has invested in thenew business. By the time the productg is ready for general releasein 2010, Mazotas hope s to have a 25- to 30-worker Mazotas hopes he will be telling a simila r story a year from now. “It just goes to show that littlw guys can have ahome run,” he “Even in this economy.
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