Marketing-tech startup Prodport lands $3.6M investment
Prodport’s CEO and cofounder is Ohad Hecht of Carmel, who formerly led marketing-tech firm Emarsys until leaving that company last year.
Susan Orr
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Cummins to spin off filtration business into separate public company
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.
West Virginia-based WesBanco entering Indianapolis market
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.
Former Seven Corners employee sentenced for role in fraud scheme
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.
Med-tech startup Prevounce, a newcomer to Indy, has big growth plans here
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.
Seasoned local executive Ting Gootee tapped to lead TechPoint
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.
Indiana Members Credit Union getting new chief executive from within
Ron Collier, who has led the Indianapolis area’s largest credit union for 37 years, plans to retire at the end of the year.
AgriNovus to launch tech-focused challenge to combat hunger
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.
TechPoint to honor Bill Oesterle with annual Trailblazer Award
Angie’s List cofounder Bill Oesterle was chosen to receive the Trailblazer Award at TechPoint’s sold-out Mira Awards gala later this month.
Green progress is aim of SEC reporting proposal for public companies
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 hopes military contract will bring business to Indianapolis site
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.
Cummins shareholders to vote on splitting CEO, board chair positions
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.
EMC2 plans to help manufacturers go high-tech
The new facility in the 16 Tech Innovation District, the Emerging Manufacturing Collaboration Center, is part collaboration space, part learning lab and part development and testing center.
Ag-tech company Solinftec working to launch farm-field robot
Brazil-based Solinftec has had operations in West Lafayette since 2019. The company is now working to launch a robot that would continuously roam agricultural fields and collect information farmers can use to improve their operations.
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.
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.