The Evansville-based bank is suing financial technology firm Backbase over what it calls Backbase’s “unmitigated failure” to fulfill $18 million in software contracts for a Chicago bank Old National acquired.
Yourco, which offers a text-messaging-based communication for non-office workers, is one of 40 companies from around the world selected to participate in a pitch contest at SXSW, the massive tech/arts/cultural event in Austin, Texas.
Authenticx offers business communications software that allows health insurers and health care systems to analyze millions of client interactions such as phone calls and emails, helping customers improve their interactions with patients.
Over the past few years, the private college has begun offering non-degree credentials and will be ramping up even more to help students upgrade their careers.
The IEDC says it would like to hire two more people this year, perhaps on the East Coast and in the Southeast, who can also scout for companies that might be persuaded to invest in Indiana.
Pennsylvania-based Northwest Bank, which entered the Indiana market in 2020 with its acquisition of Muncie-based MutualFirst, has been beefing up its local workforce since then.
Traditionally, Indianapolis-based venture studio High Alpha has created new software companies by starting with an idea for a company, then finding an entrepreneur or team to lead that startup. High Alpha is shaking up that model this year.
Langellier, who stepped down in May as CEO of Indianapolis-based TechPoint, has joined Indianapolis-based venture studio High Alpha as an operating partner.
The bank had been operating under a settlement agreement since 2019, after the U.S. Department of Justice accused the bank of engaging in discriminatory lending practices.
SIMBA Chain, which helps customers implement blockchain technology, recently became a preferred vendor for the federal government. This means the company can do business with any federal government agency and can more easily work with other government vendors on projects.
Carmel-based KAR Auction Services Inc., which has been working to transform itself into a digitally operated company, took a big step toward that goal when it sold its U.S. physical auto auction business to Tempe, Arizona-based Carvana for $2.2 billion in cash.
Meritor, which had 9,600 global employees pre-acquisition, is a leader in electric axle and brake technology.
Companies that had done business in Russia had to decide whether to keep doing so, while companies with operations in Ukraine were faced with the challenge of protecting their Ukrainian employees and keeping their businesses functioning.
Rangeline Solutions, a Microsoft partner that offers supply-chain consulting services, has been acquired by Sweden-based Nexer, which plans to grow Rangeline’s Carmel office as part of its broader U.S. expansion plans.
Angie’s List co-founder Oesterle had filed suit against a classic-car restoration shop alleging that the company had, among other things, overbilled him for repairs, charged him for unauthorized work and sold one of his cars without permission.
Marion-based Indiana Wesleyan University said it plans to continue operating Eleven Fifty Academy as a not-for-profit organization, with new classes beginning early next year.
After squirreling away cash at record rates during the pandemic, Americans have taken a hard turn in the opposite direction, with the personal savings rate dropping to a 17-year low of 2.3% in October.
MakeMyMove recently closed on a $2 million investment from angel investors. The company, founded by Angie’s List cofounder Bill Oesterle and former Angie’s list exec Evan Hock, offers a marketplace where remote workers can browse relocation incentives from communities around the U.S.
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
Kennected is a software company that allows users to automate their outreach to potential customers via LinkedIn. LinkedIn says this activity amounts to data scraping, which is a violation of LinkedIn’s user agreement.
