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.
Kennected, which expects to book $10 million in revenue this year, has about 140 employees in the United States and India. As of mid-November, the company was bringing in just over $600,000 in monthly revenue, a figure that’s growing 10% each month.
More than half of Indiana manufacturers have implemented or are testing at least one advanced technology, according to a new report from Conexus Indiana and the Indiana University Kelley School of Business at IUPUI.
The negotiations with Eleven Fifty Academy include a potential acquisition of the coding school’s programs but are broader than that, an Indiana Wesleyan spokesperson said.
Overfuel, which had its public launch this week, is targeting small- to medium-sized independent car dealers, offering them software that helps them streamline their websites and glean more information about customers’ online activities.
The Krach Institute for Tech Diplomacy aims to educate policymakers, diplomats and others about artificial intelligence, semiconductors, quantum computing and other technologies relevant to national security and U.S. foreign policy.
Decimal, a software-as-a-service firm based in Indianapolis, has acquired the cloud-based bookkeeping business formerly owned by Big Four accounting firm KPMG.
