Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
Susan Orr
Articles
HR-tech firm UKG eliminating 2,200 jobs, including some in Indianapolis
UKG informed employees earlier this week that it was cutting about 14% of its workforce so the company could “aggressively focus on critical areas of growth.”
Elevate Ventures announces finalists for $1 million IN-Prize pitch contest
For this year’s contest, 10 of the 25 finalists are Indiana-based startups. In last year’s contest, only two finalists were based here.
Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Tech-powered initiative aims to boost Black-owned firms
A group of Indianapolis-based organizations has come together to create Indy Biz Pass, which the organizations describe as a first-of-its-kind network designed to support local Black-owned businesses.
New High Alpha startup, Luster, offers AI-powered sales training
Luster, which launched out of Indianapolis-based venture studio High Alpha, offers a software platform that creates custom training sessions for salespeople. The company had its public debut this week and already has landed a few paying customers.
Broad Ripple-based PR firm Blastmedia acquired by Boston firm
Blastmedia, a public relations firm which serves business-to-business software companies, is now doing business as PANBlast, a division of PAN Communications. All 40 Blastmedia employees have remained with the company, PAN announced Thursday.
Cummins plans to ‘streamline’ operations, cut jobs after 2023 buyouts
A company spokeswoman told IBJ that the new workforce reductions are related to Destination Zero—the company’s previously announced goal of achieving zero emissions by 2050.
Investors eyeing opportunities in accounting firms
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
Local tech exec R.J. Talyor launches marketing startup with $2M in seed funding
Talyor is the CEO and one of the four locally based co-founders of Backstroke, which uses generative artificial intelligence to create customized marketing emails at scale
Former Indianapolis-area insurance broker sentenced to prison for $4M Ponzi scheme
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.
Carmel-based CNO extends title sponsorship of Indianapolis Monumental Marathon
CNO Financial first signed on as title sponsor of the Indianapolis Monumental Marathon in 2016.
2024 Corporate 100: Telamon thrives by connecting people, products
Today, Telamon operates in 13 states, India, Mexico and Macedonia and designs, builds and installs networks that support telecommunication networks, appliances and industrial processes.
Indianapolis-based tech startup Holder ceases operations
Holder, a blockchain-focused marketing tech firm, launched out of Indianapolis venture studio High Alpha in 2022. Its CEO told IBJ the company was too early to market in an emerging industry.
Carmel financial firm, CEO face another investor lawsuit
A Mooresville investor is alleging that Carmel-based retirement planning firm ReJoyce Financial LLC and CEO Alexander Joyce misappropriated more than $200,000 that she had deposited with the firm to invest on her behalf.
High Alpha closes on $125M investment fund, downsizes staff
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Fishers-based Spokenote gaining traction with sports teams
Fishers-based tech startup Spokenote, which signed a first-of-its-kind sponsorship deal with the Indiana Pacers several months ago, said that deal has led to additional opportunities with other sports teams, including the Indy Eleven.
CEO’s love for swimming leads OneAmerica to sponsor USA team
Scott Davison has a lifelong love of the sport. Knowing this helps explain why OneAmerica’s name and logo will be deeply imbedded in the U.S. Olympic Swimming Trials in Indianapolis.
Carmel man agrees to guilty plea in $952,000 theft case
Nathaniel Wills of Carmel is accused of stealing nearly $1 million from his former employer, Anderson-based Indiana Flooring and Linoleum Co. Inc.
Made in Indiana: Veterinary equipment by Vetamac Inc.
Company overview: Harry Latshaw, a veterinary anesthetist who worked at the Purdue University College of Veterinary Medicine from 1972 to 2000, founded Vetamac in 1990. The company makes veterinary anesthesia machines and equipment, and it services its own and other manufacturers’ anesthesia machines. Equipment sales account for about 40% of revenue, with service accounting for […]