Indianapolis print shop announces mass layoff
Little Raymond’s Print Shop, which opened a facility on the east side of Indianapolis in 2013, said it has terminated 114 employees.
Susan Orr
Articles
Ukrainian war hits local tech companies with overseas workers
Companies have had to figure out ways to support their Ukraine-based workers while also keeping business moving in a time of huge disruption.
Q&A: Financial adviser John Sarson on why he’s bullish on cryptocurrency
He’s the CEO of Indianapolis-based Sarson Funds, which offers cryptocurrency-focused investments to financial advisers and accredited investors. He spoke to IBJ recently—not from his office, but from what he calls the firm’s “secret location,” a house in Carmel where staffers build computers and do crypto mining.
Cummins halting all business operations in Russia
Cummins has operated in Russia for decades and has 700 employees in that country, but on Friday the company said it was halting all operations in Russia “indefinitely” because of Russia’s invasion of Ukraine.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
PNC’s Connie Bond Stuart to retire after 41-year career
Stuart has served as PNC’s top Indianapolis-area executive since 2011, and she’s spent her entire career working for the bank in various markets.
Rolls-Royce to spend $400M on upgrades in Indianapolis, West Lafayette
In Indianapolis, Rolls-Royce plans to add 150,000 square feet to the east side of its Tibbs Avenue facility, expanding and improving its testing capabilities at the site.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Companies confront tough choices in Russia, Ukraine
Indiana-based firms are struggling with how to protect their employees and their business interests in those countries while also condemning the Russian government’s actions.
Some lenders say new reporting rules would mire business loans in red tape
Many credit unions and small lenders in Indiana and beyond are voicing concerns about a proposed federal rule that would require lenders to collect and report a wide array of demographic, geographic and other data about small-business loan applicants.
Startup Quiptu aims to offer peer-to-peer rental platform for outdoor gear
Quiptu, which is short for “equipment to you,” is a startup whose platform will offer a place where the owners of outdoor gear can connect with people interested in renting that gear.
Former Indianapolis post office manager charged with mail theft
Prosecutors say the former customer service manager at the New Augusta Post Office branch on Indianapolis’ northwest side stole $1.7 million in checks from mail that arrived at the branch in 2020 and 2021.
Raytheon’s Indianapolis unit operating under new name after acquisition
Raytheon’s Indianapolis site is now operating under the Vertex name following a recent acquisition by Madison, Mississippi-based Vertex Aerospace, but that name is expected to change again in the months to come thanks to another acquisition.
Meeting platforms grow even as COVID wanes
Online gatherings are here to stay, but after two years of Zooming, people are looking for something more than the standard videoconferencing sites can offer.
Indianapolis-based Resultant opens office near Crane warfare center
Resultant, which offers technology consulting and analytics, says it opened the Odon office to better support its clients at the nearby Naval Surface Warfare Center in Crane.
Report: Venture capital investments in Indiana companies hit all-time high
Indiana companies landed $1.4 billion in investments last year–a record amount, and nearly triple the value of investments in 2020, a new Elevate Ventures report says.
New laws are having a big impact on local tech sector’s required ingredients for data privacy
State legislatures from coast to coast, including Indiana’s, are turning their attention to consumer data privacy—and the issue could have a large impact on Indiana’s tech sector.
Advocates for female entrepreneurs want Elevate Ventures’ next CEO to be a woman
Members and supporters of The Startup Ladies, an Indianapolis company that supports female entrepreneurship, sent an open letter to Elevate Ventures detailing their concerns that Elevate marginalizes female founders.
Cummins to acquire Meritor for $3.7B
Columbus-based Cummins said its acquisition of Michigan-based Meritor, a maker of electric axle and brake technology, will help accelerate Cummins’ electric and hybrid business.
First Internet leans into banking-as-a-service trend
Under the relatively rare model, a bank offers its expertise and capabilities to a fintech, allowing the fintech to provide iservices that require the involvement of a federally regulated and insured institution.