Cummins reports record 1Q revenue, raises full-year guidance
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
Susan Orr
Articles
New instant payment network could help smaller banks compete with the big guys
With help from a national pilot group that includes three Indiana-based banks, the Federal Reserve will soon launch the service, called FedNow.
Emerging hardtech field offers opportunities
Indiana’s business, academic and economic development leaders see the industry as a huge opportunity for the state.
New organization aims to get girls interested in STEM, motorsports
Sim 4 Stem, launched by two former professional female athletes, is launching next month with events geared around the Indianapolis 500. One of the group’s founders, Nicci Daly, is the niece of retired racer Derek Daly of Carmel.
IT outsourcing firm plans to hire 450 for new Indianapolis office
Tek Experts, which has more than 6,000 employees worldwide, just opened an office in Indianapolis. The company has received an offer of up to $2 million in state tax incentives based on its ambitious growth plans.
Zylo, Glassboard, Qualifi, Allegion among 2023 Mira Award winners
The Mira Awards, now in its 24th year, is Indiana’s oldest and largest tech awards program. Winners were announced at an awards gala Saturday evening in downtown Indianapolis.
Tech consultant eImagine nabs state incentives to hire more Hoosiers
The Indianapolis-based firm has already made progress on its goal of hiring 113 additional Hoosiers by the end of 2026.
Partner in planned Indianapolis battery plant facing financial distress
In June, Slovakian startup InoBat announced it was partnering with New York City-based Ideanomics to build the research, development and manufacturing facility. But Ideanomics now says it’s not sure it will be in business in a year.
Investors say they are owed money from life settlements
The Indiana Secretary of State is investigating multiple complaints it has received against Roger Dobrovodsky and/or his business entities, which include EDU Financial Strategies, EDU Holding Trust, EDU Trust Services LLC and EDU Wealth Advisors LLC.
Indiana venture activity shows signs of strength in down market, report says
PitchBook’s first-quarter venture report, released this week, shows that venture activity declined sharply year-over year nationwide, but the picture was rosier in Indiana.
High Alpha launches startup that helps marketing teams coordinate work
Indianapolis-based Tenon, which has been operating in stealth mode since December, offers a software platform that helps marketing teams plan and execute campaigns.
Former Celadon execs to pay $50,000 to settle accounting fraud case
The judgment also bars Eric Meek and Bobby Peavler from serving as an officer or director of a public company for the next three years.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
Jim Hallett leaving executive leadership at KAR after 30 years
Hallett is retiring from his positions as executive chairman and board chairman, the Carmel-based company announced Friday. He will remain a member of KAR’s board of directors.
Indianapolis-based consulting firm lands huge Space Force contract
Indianapolis-based Agility Consulting was one of 18 U.S. companies awarded a 5-year contract giving it a piece of $900 million in spending on data software services for the U.S. Space Force.
Chase exec Al Smith set to retire after six decades in banking
Smith, 82, will be wrapping up a 59-year banking career when he retires in May. He has spent his entire career working for banks that are now part of J.P. Morgan Chase & Co.
Banking upheaval presents opportunity
The failures of both Silicon Valley Bank and Signature Bank earlier this month mean venture investors and startups in Indiana and elsewhere are rethinking how and where they bank.
Carmel-based startup Blue Agilis lands $2.5M seed investment
Founded in 2021, Blue Agilis helps health care providers customize their care based on research and provides a structure to make sure that care gets delivered.
Indianapolis-based angel investor group eyeing ‘record year’ in 2023, executive director says
VisionTech, a group of more than 130 investors, has so far this year made seven investments totaling $1 million. In comparison, the group made a total of 16 investments totaling $2.4 million in all of 2022.
Indianapolis-based Studio Science acquires RevTech360
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.