Business

SIS Holding marks move to downtown Lexington

The cloud is open for business in downtown Lexington.

Technology provider SIS Holding, which specializes in providing data storage and processing capacity to other corporations, celebrated its $5.5 million expansion into downtown on Monday with a ribbon-cutting ceremony at its new corporate headquarters.

The company, which has been in Lexington for more than 25 years, renovated the former AAA building at the corner of Barr Street and Martin Luther King Boulevard, in part with the help of state economic incentives.

The company also created 15 new high-tech jobs, with average annual wages of $80,000, exclusive of benefits.

"We have built this managed-solutions center, or cloud center, that's going to be providing services to companies all over the world," said Steve Sigg, CEO and president of SIS. "The data center's what going to create the revenue."

Sigg said his company doesn't aim to compete with the giants like Google, except in quality. "We're going to be a boutique offering," he said.

Sigg said the company's clients include Nicholasville-based nutritional feed supplement company Alltech, Western Kentucky University, the Kentucky Community and Technical College System, and CloudOne.

Gov. Steve Beshear hailed the investment in Lexington. "That speaks volumes about their confidence in this community," he said.

The company was preliminarily approved for as much as $450,000 in Kentucky Economic Development Finance Authority in tax incentives and as much as $79,000 in benefits through the Kentucky Enterprise Initiative Act, which allows companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

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