Software firm Salesvue secures $3M in venture capital
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
Deals
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Blockbuster deal: Eli Lilly paying $5.4B for Novartis Animal Health
Eli Lilly and Co. has agreed to pay $5.4 billion for Novartis Animal Health in the second-largest deal in the company's history. The acquisition is part of a blockbuster three-way drug deal.
Indy-based Web firm for coaches makes Atlanta acquisition
Startup dot-com BookIt Commerce Inc. is in the midst of expanding its site for vetting and marketing coaches into new markets.
Trump wins court battle with Menard over skin-care products deal
A federal judge ruled Tuesday that former model Melania Trump had a valid agreement to market skin-care products for an Indianapolis firm, despite claims from hardware store magnate John Menard that the agreement should be voided.
Wheaton Van Lines acquires high-end Boston mover
Indianapolis-based Wheaton is making a strong move into the high-end corporate relocation business with its purchase of Boston-based firm Clark & Reid Co. Inc.
Republic Airways extends time to close $145M Frontier sale
Buyer Indigo Partners says it first needs agreements with the union for Frontier flight attendants, and with credit card issuer Barclays.
Republic Airways extends deadline for Frontier sale
The Indianapolis-based regional carrier plans to tie up negotiations with a prospective buyer, believed to be headed by former Spirit Airlines Inc. Chairman Bill Franke.
Dunbar Cook deal an omen of more accounting mergers
Accountants point to aging partners at firms who are looking to retire, more complex regulations and an attractive local business climate as reasons out-of-town accounting firms are looking this way.
Salesforce slow to excite investors after $2.5B buyout of ExactTarget
Shares of the California-based cloud computing giant continue to lag after last week’s announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
Salesforce to keep ExactTarget independent, ‘invest’ in it
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
ExactTarget sale caps success story; CEO mum on Indy work force
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
American, US Airways to merge, create world’s biggest carrier
The $11 billion deal could well result in the elimination of some overlapping routes the carriers operate out of Indianapolis International Airport. Together, the two airlines have a combined market share of nearly 24 percent in Indianapolis.
ExactTarget aims to be one-stop shop with acquisitions
Indianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench itself as a one-stop shop for smartly interacting with all manner of customers.
ExactTarget buys interactive marketing firms for $116M
The newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based iGoDigital.
Local furniture maker acquires northern Indiana company
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.
Package of 16 apartment complexes back on the market
The local Zender Family Limited Partnership again is attempting to sell the buildings after failing to attract a suitable buyer four years ago. The family is expecting better results this time because it’s willing to break up the portfolio and sell the buildings individually.
BrightPoint merger talks driven by ‘deal certainty’
When BrightPoint officials saw conditions in the cell phone distribution business take a turn for the worse, they were quick to cash out while the going was still good.
Heartland Bancshares approves acquisition by Horizon
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
Fortune buyout would help exec out of financial jam
Sale to managers would alleviate problems for company’s 70-year-old namesake and keep firm from being seized by bank.
Local company part of $470 million paper mill deal
Indianapolis-based holding company Schwarz Partners LP has formed a joint venture with The Kraft Group LLC to buy two major paper mills from industry giant International Paper Co. The mills are part of a three-mill sale worth $470 million.