Local firm modernizes centuries-old yurt structures
Yurts have been a form of shelter for more than 2,000 years. But Indianapolis-based Yurts of America today builds them with materials that didn’t even exist back then.
Manufacturing
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Indianapolis health analytics company lands nearly $4M in VC
Springbuk, which aims to simplify the jobs of HR benefits and wellness managers, plans to use the money on product innovation and hiring.
Arizona-based Salesforce consultancy opens Indy office
Arizona-based Levementum, a Salesforce.com Inc. partner, has launched an Indianapolis-based practice—one of the latest examples of the software giant attracting such consultancies here.
U.S. industrial output jumps by most since November 2014
Industrial output—which includes factories, mines and utilities—rose 0.7 percent from March. It had dropped the previous two months.
Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Tee-time brokerages roil golf industry
Are tee-time brokers like GolfNow knocking cash-strapped courses into the rough? Or could the Expedia-like providers be the chip shot courses need to get back on the green?
Indiana needs to address brain drain, BioCrossroads study finds
While many college graduates are leaving the state, jobs in health care and life sciences in Indiana are booming, and employers are often searching high and low for talent.
Westfield metal-products manufacturer sold to New York firm
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
State launches ‘one-stop’ business portal to blast through red tape
The state promises the website will make the bureaucracy that comes with opening and maintaining a business easier to navigate.
Salesforce as top tenant makes tower more marketable, expert says
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
Salesforce to invest $40M in Indy expansion, reap $17.2M in state incentives
The tech giant will establish its regional headquarters in the Chase Tower, to be renamed Salesforce Tower Indianapolis. Employees will start moving into the refurbished space in 2017.
Salesforce plans to hire 800, attach its name to downtown tower
The tech company on Friday is expected to announce its intention to add hundreds of workers and sign a naming-rights deal for the state’s tallest building.
Calumet reviewing assets after huge quarterly loss
Indianapolis-based Calumet Specialty Products Partners reported a quarterly loss of $67.7 million Thursday morning as revenue took a nosedive. The company said it might divest some of its assets, including an underperforming $430 million refinery that opened a year ago.
Zika virus fear fuels demand for local DEET manufacturer
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
Cummins tops forecasts despite lower profit, revenue
Cummins Inc. on Tuesday reported lower first-quarter earnings and revenue, but the results topped the expectations of analysts.
Inventor, engineer Harroun honored as 1st Indy 500 winner
Ray Harroun was remembered at a memorial service Sunday not only as the man who won the first Indy 500, but for his contributions to the auto industry, motorsports, engineering and inventing.
Interactive Intelligence posts bigger-than-expected quarterly loss
Interactive Intelligence Group Inc. on Monday said it lost $13.3 million in the first quarter in a financial performance that failed to live up to the expectations of industry analysts.
High-tech jobs surge in Indianapolis, report says
Indianapolis saw high-tech software and services employment grow 18 percent from 2012 to 2014—the eighth-fastest rate among the 30 cities surveyed, according to CBRE Research.
Broad Ripple media firm nets $25M in equity round
Odyssey, a Broad Ripple firm behind a fast-growing website for millennials, has raised a game-changing sum as it plans more hires.
Allison Transmission’s quarterly results top expectations
Allison Transmission Holdings Inc. on Monday reported first-quarter earnings and profit that came up short of last year’s results but still exceeded Wall Street expectations.