Post Falls-based software company SentinelC3 Inc. says it has moved to Spokane Valley from Post Falls.

The company now occupies 2,000 square feet of leased space on the third floor of the River View Corporate Center, at 16201 E. Indiana, says Stephen Owen, its managing director and chief financial officer. It formerly had occupied 1,600 square feet of space at 4751 E. Selway Ave., in the Riverbend Commerce Park,

SentinelC3 develops billing and cost-management software systems for health-care providers and medical equipment suppliers, and, in many cases, operates the systems for them, Owen says.

Although the company was founded just before the economic recession took hold, SentinelC3 has grown at a brisk pace, he says.

"Revenues have done well for a small, family-owned company," Owen says. "We started in 2006 with $1 million in revenues and now we're at about $2 million in gross annual revenues."

SentinelC3 has 12 employees and serves more than 100 hospitals that use its software systems and 12 vendors of its systems, Owen says.