Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.
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Speaker firm Klipsch rocking again after losing its beat
Voxx International Corp.’s Premium Audio segment—essentially Klipsch—has seen three straight quarters of strong sales growth, including a 27-percent showing in the latest quarter.
Donation-app firm Givelify plans 40-job expansion downtown
The company, which has 8,000 U.S. clients and boasts having the world’s most-downloaded mobile-giving app, plans to triple its space in The Majestic Building to 3,000 square feet.
Toyota to add 400 jobs, sink $600M into Indiana SUV factory
The factory will be able to build 40,000 more Highlanders per year when the expansion is finished in the fall of 2019.
Legal software firm gets boost under new leadership
A prominent law firm started a software company in 2007, but it grew fairly slowly until an outsider came in two years ago and revamped the operation.
Salesforce pulls plug on Connections conference
The popular digital marketing conference got its start under ExactTarget in 2007. Salesforce said it would bolster its digital marketing agenda at its other events.
French company plans 70 layoffs at Indiana factory
One of the largest employers in an Indiana county plans to lay off about 70 workers and move some production to out-of-state factories.
Rolls-Royce to open downtown aviation museum
The exhibition featuring aircraft engines dating back to the 1920s emphasizes the manufacturer’s past while also looking ahead.
McCorkle joins High Alpha following post-Salesforce hiatus
Scott McCorkle, who stepped down as CEO of Salesforce Marketing Cloud in August, will be executive in residence at High Alpha, a firm that creates and nurtures enterprise-technology companies.
Judge approves $630M Rolls-Royce settlement over bribery probe
A United Kingdom judge has approved settlement between Rolls-Royce Holdings Plc and UK prosecutors, resolving a bribery probe spanning three decades of misconduct at the jet-engine maker.
UPDATE: GM to add or keep 7,000 jobs, make $1B factory investment
General Motors plans to invest $1 billion in U.S. factories and add thousands of white-collar jobs, measures that have been in the works for years but announced Tuesday after criticism from President-elect Donald Trump.
Obama’s EPA moves to preserve gas-mileage requirements
Friday’s action keeps in place pollution-reduction targets for the years 2022-2025. That means the fleet of new cars will have to average 51.4 miles per gallon by 2025, up more than 18 mpg from the 33.2 mpg requirement in 2015, the most recent year available.
U.S. government accuses Fiat Chrysler of cheating on emissions
The Environmental Protection Agency issued a “notice of violation” to the company that covers about 104,000 vehicles, including the 2014 through 2016 Jeep Grand Cherokee and Ram pickups.
Reports on Indiana VC activity differ starkly
Last year, one research firm pegged Indiana’s 2015 venture capital activity at about $55 million. This year, another firm said it was about $157 million.
Zionsville entrepreneur plans Airbnb for tiny homes
The platform, called Try it Tiny, was launched by a former Wall Street investment banking analyst who noticed a demand for smallish dwellings.
Health care management firm plans to open Carmel office, hire up to 125
Green Circle Health's client services center will provide remote health care and coaching for customers across the country, focusing in part on improving the coordination of care for chronic diseases.
Local IT staffing exec indicted in alleged bribery, kickback scheme
A Carmel man who leads a local IT consulting and staffing company has been charged with conspiracy to commit wire fraud and money laundering.
Indiana lawmakers propose bills to change RV sales tax law
Two proposed bills in the Indiana Legislature aim to exempt out-of-state buyers of recreational vehicles from having to pay state sales tax, even if their states don't have a reciprocal agreement in place.
Nine biz-tech predictions for 2017
Leaders of nine local tech firms see a variety of trends gaining steam in 2017, including an increased focus on cybersecurity and heightened interest in employee-engagement software.
Interactive built building, reaped city tax break for unrealized job surge
Interactive Intelligence in 2014 said it would add 430 Hoosier employees—plans it leveraged to hash out city and state tax incentive agreements. But it's local employment hasn't changed much since.