Salin saves cash with video tellers
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
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BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Tiny Lebanon firm prevails in multimillion-dollar patent case
In the past 18 months, Larry Durkos—who invented a machine that attaches metal bed box springs and coils to wood frames—has scored two stunning victories over Leggett & Platt Inc., a Missouri-based box-spring conglomerate.
Proxy Corner: Vera Bradley Inc.
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
City to review tax breaks for five tech firms
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Indy-based 3D printer lands incentives for expansion
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
Tyco to buy Fishers-based technology firm for $150 million
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.
Manufacturer to relocate to Muncie, add 288 jobs
A maker of a new heavy-equipment vehicle that uses clean energy plans to invest $4.6 million in an engineering and assembly facility and ramp up operations as orders come in.
File-sharing firm to invest $2.1M, add up to 30 jobs
Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.
New Hostess owners want abatement for equipment
The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.
Japanese auto supplier adding 103 jobs in Columbus
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional facilities on its 33-acre campus.
Young & Laramore finds app draws eyeballs to brand
Indianapolis ad agency Young & Laramore’s recent project for footwear giant New Balance included developing a video game intended to reach young consumers who’ve grown up with a smartphone as a bodily appendage.
Building for game maker Fundex set for July auction
One of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of the company that makes the iconic Slinky bought Fundex in December.
Report: People problems persist in manufacturing, logistics
Indiana’s manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state, according to an industry report card released Friday morning.
Top 6 ExactTarget officers reap $92.5M in option gains in sale
The gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person work force will rack up, regulatory filings show.
Three other firms courted Indy’s ExactTarget before Salesforce landed prize
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
Mortgage firm is fastest-growing private company
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
JBS United among top hog feed companies
The industry is more than a decade beyond the sweeping consolidation of the '90s that forced out thousands of family farms as corporations took advantage of new techniques to enable raising hogs in huge, factory-type complexes.
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
Carbon Motors’ Chapter 7 filing marks official end for firm
The once-promising firm that had planned to build high-tech police cars at a Connersville plant filed for bankruptcy Friday, listing liabilities of $21.7 million.