Cummins made the disclosure in its first-quarter financial report. Profit dropped in the period, but sales hit a record high. The company also said interest in its emerging hydrogen business is growing.
First Internet announced in November that it planned to acquire Georgia-based First Century Bank for about $80 million. But when it became necessary to extend the closing date, the parties couldn’t agree on extension terms.
The Indianapolis-based Indiana Sports Corp., Purdue University’s Purdue for Life Foundation and Rose-Hulman Institute of Technology are among the organizations that have already accepted their first crypto donations—and some community foundations around the state are also eyeing the opportunities they see in cryptocurrency.
Local tech-industry executives say an expansion of an existing investor tax-credit program, plus an increased emphasis on high-school computer education, would go a long way to help support the state’s tech sector.
David Ricks’ lunchtime speech to The Economic Club of Indiana—repeated on social media by those in attendance and reported by IBJ and local TV stations—has reverberated across the state.
A total of 16 individuals, companies and organizations were named as winners in TechPoint’s annual Mira Awards. Awards were presented at a black-tie gala Saturday night.
The depth of the situation came to light after Robyn Dale “Rob” Whitlow, 51, filed for Chapter 7 bankruptcy protection late last month, declaring personal assets of $45,305, balanced against liabilities of just more than $2 million.
Security-products company Allegion, which has about 1,300 employees at its Americas headquarters in Carmel, expects to close the largest deal in its history in the third quarter.
Prodport’s CEO and cofounder is Ohad Hecht of Carmel, who formerly led marketing-tech firm Emarsys until leaving that company last year.
Columbus-based Cummins has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering for its filtration business. Cummins announced last summer that it was looking at “strategic alternatives” for the business.
WesBanco, a mid-sized bank based in Wheeling, West Virginia, said it has hired two people so far to staff a new loan production office in Indianapolis that will focus on both commercial and mortgage lending.
Maria Caceres, who worked for travel insurance company Seven Corners from 1998 to 2016, pleaded guilty to wire fraud last year. She was sentenced to federal prison Thursday and ordered to repay more than $496,000 to Seven Corners.
Prevounce Health, which launched in 2019 in Los Angeles, relocated its operations to Indianapolis last fall and just landed $4.5 million in investment funding which the company says will help it expand and double its workforce in coming months.
Gootee, who has been the chief investment officer at Indianapolis-based Elevate Ventures since 2014, is a well-known figure in Indiana’s technology, investment and entrepreneurship circles.
Ron Collier, who has led the Indianapolis area’s largest credit union for 37 years, plans to retire at the end of the year.
The challenge, to be called HungerTech, will invite participants to come up with tech-focused ideas for improving grocery delivery access for recipients of the Supplemental Nutrition Assistance Program, or SNAP.
Angie’s List cofounder Bill Oesterle was chosen to receive the Trailblazer Award at TechPoint’s sold-out Mira Awards gala later this month.
The proposal would require disclosure of risks climate change pose to companies and the amount of greenhouse gas emissions produced by companies and by their supply chain.
Vertex announced this week that it has been awarded a seat on a $46 billion Air Force contract, which gives the company the right to bid on projects that fall under the contract.
An unnamed Cummins shareholder is proposing that the company separate its CEO and board chair roles, which are both held by Tom Linebarger. Cummins is recommending that shareholders vote against this proposal.
