Elanco CEO says new products helping to turn the corner on growth
Elanco Animal Health last week released what CEO Jeff Simmons called its best quarterly earnings since its 2018 spinoff from Eli Lilly and Co.
Susan Orr
Articles
Fishers-based Arrive AI books first-ever revenue in Q2
Fishers-based Arrive AI, which secured its first patent in 2014 and launched as a company in 2019, reported its first-ever revenue during the second quarter, the company announced Thursday.
Indianapolis-based software firm Metaimpact lands $5M investment
Metaimpact, a software company led by longtime local tech executive Scott McCorkle, has now raised $45 million since its launch in December 2018.
UPDATE: Elanco shares jump 16% as company raises full-year guidance
The company, which makes vaccines, antibiotics and other animal-health products, said it now expects full-year revenue of between $4.57 billion and $4.62 billion.
IU lands $16.5M grant to advance Alzheimer’s research using 3D brain modeling
The grant will fund a new center at the medical school which will be one of only two in the U.S. dedicated to developing stem-cell-based models of the brain to better understand Alzheimer’s disease.
Former credit union manager indicted on fraud charges
The former manager of a credit union branch in Indianapolis has been charged after investigators say she stole more than $350,000 from customer accounts.
Allison Transmission reduces full-year sales, profitability expectations
Indianapolis-based Allison Transmission Holdings Inc. outperformed analysts’ expectations in the second quarter, but the manufacturer also says its full-year revenue and profits will likely be lower than it had previously expected.
$2M Geist home at heart of Drive Planning legal battle
Nearly a year after a federal judge placed Georgia-based financial firm Drive Planning LLC into receivership, the court-appointed receiver is still wrestling to gain control of the $2 million Geist mansion where the now-defunct firm’s managing partner lives.
With so many ways to pay for retail purchases, how’s a consumer to choose?
What used to be a simpler checkout choice (“Cash or credit?”) has become more complex, fueled by tech-enabled options that have gained traction in recent years.
Wisconsin-based investment firm opens Indianapolis office
Borgman Capital, a Milwaukee-based investment firm focused on acquiring midsize businesses, has established an office in Indianapolis. The office is led by Matt Kreutz, a longtime financial professional in the Indianapolis market. Kreutz joined the firm July 1 as managing director of deal originations. Currently, Kreutz is the firm’s only Indianapolis employee. But he said […]
Indianapolis scores ‘solid’ ranking in AI readiness, new report says
The Indianapolis metro area ranks 47th among the nation’s 195 large metros when it comes to artificial intelligence business activity, according to a new study from the Brookings Institution.
Marketing tech startup Backstroke lands $2.8M investment
Indianapolis-based marketing tech startup Backstroke Inc. has raised a total of $4.8 million in outside investment since its launch in 2024.
New federal rules upend rural broadband initiative
Late-stage changes to a program meant to expand high-speed internet into rural and hard-to-serve areas have left Indiana providers scrambling to decide whether to rework their proposals to meet new rules and reapply for funding ahead of a September deadline.
Fishers-based Robosource scores funding from Tim Tebow’s investment firm
Robosource is set to launch its first software product, a tool called Process Coach, in October with help from the round of investment funding.
Indianapolis biz leader picked to lead new state Office of Entrepreneurship and Innovation
Indiana’s new Office of Entrepreneurship and Innovation is expected to focus on Main Street businesses—small businesses that are not venture-backed, not easily scaled and found in many towns and cities across the state.
Data center projects facing local pushback
Four data center proposals in the Indianapolis area are facing a dynamic that’s emerging here and elsewhere: The operators working to build data centers here vs. the neighbors trying to stop them.
Avon real estate agent involved in dozens of lawsuits faces loss of license
Attorney General Todd Rokita is seeking to revoke the real estate license of Jeremy Tucker, an Avon real estate agent who has been sued dozens of times over local real estate deals.
Jack’s Donuts corporate turmoil affecting some local franchisees
Since last fall, four creditors have sued Jack’s Donuts of Indiana Commissary LLC for money they say they’re owed. Of those four cases, two have resulted in judgments against Jack’s totaling just over $888,000.
Pittsboro residents ask court to halt planned Hendricks County data center
Pittsboro officials annexed the property into the town late last year. In March, Pittsboro’s town council unanimously approved Vantage’s request to rezone the land.
Amid ongoing Elevate Ventures funding freeze, some companies approved for investments
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.