Purdue wins $32.5M in patent-infringement lawsuit
A jury found STMicroelectronics infringed on a Purdue patent by making and selling products for a technology related to semiconductor devices used in high-voltage power applications.
Susan Orr
Articles
Fishers-based tech firm Formstack hires new CEO
Chris Byers, who had been Formstack’s CEO since 2010, said he came to the realization earlier this year that it was time for him to leave the company.
OpenLane plans to expand Canadian presence with $95M acquisition
Carmel-based OpenLane announced Monday that it plans to acquire Manheim Canada from Atlanta-based Cox Automotive in a $95 million deal that’s expected to close within 30 days.
Will AI laws protect consumers or stifle innovation?
Local tech founders and funders have diverse and nuanced opinions on whether new laws governing AI are necessary or whether effective legislation of the technology is even possible.
Elevate Ventures planning a slightly slimmed-down Rally conference for 2024
Based on data from a newly released report about its first-ever Rally innovation conference, organizer Elevate Ventures likely will trim its programming offerings and schedule fewer simultaneous programs.
Anderson-based credit union expanding outside Madison County
After 60 years of operations in Madison County, Anderson-based Lampco Federal Credit Union is working to establish a foothold in Marion, Hamilton and Hancock counties.
Purdue agrees to pay $737,391 to settle claims over former professor’s research
The settlement involves a former Purdue professor who was accused of falsifying and fabricating data related to federally funded research. After researching the allegations, Purdue said it agreed the federal research funding should be returned.
Former Indy-area financial planner to plead guilty in $4.7M fraud case
According to the plea agreement, Christopher Turean spent his wealthy client’s money on gambling and paying down a home equity loan.
Deloitte names new leader for Indianapolis office
Steve Pratt will lead an office of about 500 people. He will succeed Deloitte Tax LLP Partner Mary Boelke, who has led Deloitte’s Indianapolis office for more than 11 years.
Indiana colleges use analytics to try to increase retention
The University of Indianapolis is leading a coalition of six Indiana colleges in an $11 million grant-funded program that’s using data analytics to help boost graduation rates.
Deadline looms on estate-tax option
The Tax Cuts and Jobs Act, which passed in 2017, temporarily doubled the estate-tax exemption starting in 2018. But the estate-tax provision of the TC&JA is scheduled to sunset at the end of 2025.
TechPoint launching new peer-to-peer network for founders
The Indiana Founders Network is intended to help entrepreneurs connect with peers for personal support and networking. The group’s kickoff event takes place in January.
HG Ventures seeks to accelerate its investments in road-tech
Indianapolis-based HG Ventures this week released a report in which it outlines how technology could solve long-standing issues such as traffic congestion, safety and sustainability.
Allegion Ventures makes $20M investment into California security-tech startup
The investment sets the stage for collaboration between Allegion and Ambient.ai, whose technology helps customers identify and prevent potential security incidents.
Cummins announces voluntary staff reductions
Cummins, which reported revenue of $8.4 billion during the third quarter, has 73,600 employees worldwide, including 10,500 in Indiana.
Indianapolis wealth management firm acquired by North Carolina business
Column Capital Advisors, an 18-year-old Indianapolis firm, is the second Hoosier firm to be acquired by Captrust Financial Advisors.
Text messaging platform Yourco lands $2M round of seed funding
Yourco’s co-founder and CEO, Brodie Meyer, said the company wasn’t necessarily looking to secure outside funding, but it found the right partner and decided that seed capital could help Yourco grow more quickly.
Loan delinquency rates on the rise
Increasing numbers of borrowers are falling behind on their credit-card and auto-loan payments, but banking and economic experts say this is not necessarily a sign of economic troubles ahead.
As AI use accelerates, copyright questions linger for creatives
In an effort to gain some clarity, the U.S. Copyright Office is seeking public feedback on a wide range of questions about AI-related copyright issues.
Purdue draws international leaders for semiconductor summit
Purdue is hosting the multiday Silicon Summit, which is the latest in a string of activities and announcements the school has been involved in regarding microchips and semiconductors over the past year and a half.