Fishers-based American Acquisition Opportunity Inc. says it has entered into a merger agreement with Royalty Management Corp. in an all-stock deal that values Royalty Management at $111 million. The merger will create a new Fisher-based public company.
At the close of trading June 24, Bloomberg’s Indiana Index was trading at $375.30, up 0.55% from the beginning of the year. The S&P 500 was down 18.45% and the tech-heavy Nasdaq was down 26.59%.
A campaign launched last week by a Windsor, Ontario-based economic development organization is targeting small- to medium-sized tech companies in Indiana and three other midwestern states. The goal is to get them to expand or relocate into Windsor.
Christopher Day, the CEO and cofounder of Indianapolis-based marketing tech firm DemandJump, will take over as CEO of the Indianapolis-based organization on July 18.
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Tech has hit a well-publicized slump, and within the last few months, layoffs have hit big companies like Netflix and Coinbase as well as smaller firms like Zionsville-based 120Water, Indianapolis-based Casted, and Terminus, which is based in Atlanta but has an employee base and its CEO in Indianapolis.
John Wechsler, who will step down as CEO of both Launch Fishers and the Indiana IoT Lab next month, will turn his attention to his latest venture: a startup that makes it easy to create and share videos via QR codes.
InoBat Auto, a Slovakian company that launched in 2019, said Thursday that it plans to open battery R&D and production sites in Indiana, in partnership with New York City-based Ideanomics Inc.
Diego Morales defeated Gov. Eric Holcomb’s appointed Secretary of State Holli Sullivan and two other challengers at Saturday’s Indiana Republican Party State Convention.
The IEDC has contributed $3.4 million toward creating the Indy Innovation Challenge, to encompass both the Indy Autonomous Challenge and potential future competitions focused on performance automation technology.
Holder, the latest startup to launch out of Indianapolis-based venture studio High Alpha, offers a marketing platform built for the emerging era of blockchain technology.
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.
Juanita Easterling now works for Goodwill of Central & Southern Indiana as the plant manager of Cook Medical’s brand-new $15 million medical manufacturing facility on the northeast side of Indianapolis.
The Wabash Heartland Innovation Network in West Lafayette is teaming up with New Hampshire-based Senet to establish a low-power, long-range network that’s ideal for internet-connected devices.
Decimal’s software platform helps customers automate and outsource accounting tasks like bookkeeping and payroll. The company has added 30 employees since February.
Encamp’s software helps its customers fulfill environmental reporting and compliance issues. The company has attracted $47.2 million in investment since its launch in 2017.
Founded in 2018 as Parcel Optimization Technologies LLC, ShipSigma said the new jobs will offer an average wage of nearly $42 per hour.
UKG, which offers an online platform for human-resources tasks like payroll and scheduling, expects to increase employment in Indianapolis to more than 500.
The program, offered through the Indiana 5G Zone, will offer established businesses matching grants of about $200,000 to help accelerate the commercial application of 5G technology.
This is the third acquisition announced this year for Indianapolis-based Greenlight Guru, which offers a platform to help medical device makers with regulatory requirements.
