Health care software firm raises $1.15 million
Indianapolis-based PolicyStat LLC raised $1.15 million in angel capital from 31 individuals and Halo Capital Group.
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Evansville firm enters local cloud-computing fray
nGenX Corp. is opening an Indianapolis office to tap into increased demand for outsourced data centers.
Fishers video software developer adding 49 jobs
Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as many
as 49 new jobs by 2013.
Scale Computing lands $9M from Silicon Valley venture firm
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark
Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff
Ready.
GM to reinstate 600 dealerships slated to be cut
GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving
them the option to remain with the automaker.
Rapid growth makes Aprimo candidate for another try at IPO
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and
co-founder Bill Godfrey said he won’t rule out the possibility of an IPO.
Bottled-water company ramps up production in Plainfield
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal
tap water.
RV company reopening northern Indiana factory
Middlebury-based Jayco Inc. said Wednesday that it expected to resume production in May at its Topeka factory and hire 50
workers there this year.
Conexus launches statewide online-procurement network
Indiana Supplier INsight offers free links between Hoosier providers and purchasers.
Local manufacturer closing plant, moving to Brazil
IVC Industrial Coatings Inc. is relocating its Indianapolis headquarters and manufacturing operations to west-central Indiana.
About 50 of its 55 employees have agreed to move.
Cummins to lay off nearly 200 workers in Columbus
The Columbus-based company said Tuesday that the 194 layoffs will take place after Friday, cutting the plant’s employment
to about 400 and paring its two shifts to one.
ExactTarget acquires Twitter support company
ExactTarget will use San Francisco-based CoTweet, which helps companies manage multiple Twitter accounts, for social-media
product development.
Local racing-simulator firm declares bankruptcy
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
Ford supplier Lear to add 200-plus jobs in Hammond
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its
manufacturing facility in Hammond, adding more than 285 jobs this year.
Consumer packaging maker Rexam adding 50 jobs
Global consumer packaging manufacturer Rexam plans to expand its operations in Franklin, adding nearly
50 jobs by the end of
the year.
Protest at Evansville Whirlpool plant draws 1,500
Company shuttering plant, moving work to Mexico.
Chinese investors financing startup, early stage companies
Indiana entrepreneurs weary of hitting dry holes with angel investors and venture capitalists are turning to Chinese investors
who are eager to diversify their portfolios, latch onto American innovations—and take advantage of a federal visa program.
ALTOM: U.S. slow to get on broadband bandwagon
The country’s old, tired cabling was never designed for such high-transmission speeds.
Alternative energy firm eyeing New Castle plant
Plans by Washington, D.C.-based D'Arcinoff Group to manufacture wind turbines in an idled plant in New Castle could create
1,800 jobs in the next two years.
Only last-minute buyer will save Hummer brand
Unless a last-minute buyer steps forward, General Motors Co.'s Hummer brand is fading into history.