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.
Susan Orr
Articles
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.
UPDATE: Tech startup Qualifi lands $2.5M in seed funding
Indianapolis-based Qualifi, which launched in 2019, offers technology that helps customers quickly screen job applicants using automated phone calls.
Allos Ventures launches $75 million investment fund
Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.
Elanco, High Alpha Innovation launch ag-tech startup Athian
The startup, Athian, aims to help farmers and ranchers measure, and eventually monetize, their efforts to reduce the carbon footprint of their cattle operations.
IUPUI lands $3.7M grant for cybersecurity degree programs
IUPUI is among eight universities to receive the latest round of funding from the National Science Foundation’s CyberCorps Scholarship for Service program, which aims to increase the nation’s supply of trained cybersecurity professionals.
Elements CEO stepping down after 17 years leading credit union
Lisa Schlehuber has served as CEO of Indianapolis-based Elements Financial since 2005. She’ll retire from the role in April, the credit union announced Wednesday.
Cummins to acquire brake manufacturer for $325M
Cummins announced Wednesday that it’s signed an agreement to purchase Connecticut-based Jacobs Vehicle Systems from its current owner for $325 million. The deal is expected to close later this year.