Allison tops expectations despite drop in profit, revenue
The Indianapolis-based manufacturer realized earnings of $13 million in the fourth quarter, down from $50.5 million in the fourth quarter of 2014.
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Indy life sciences firm sells for $127 million
Privately-held Biostorage Technologies Inc., which specializes in biological sample storage, has been purchased by a Massachusetts-based firm in one of central Indiana’s largest disclosed-price acquisitions of the past year.
Startups emerge to help firms craft engaging content
Several local startups have popped up to capitalize on the growing interest in content marketing, defined in part by enterprise-generated blog posts, infographics, how-to videos and more.
Television executive joins marketing firm to accelerate growth of new technology
It took former WISH-TV Channel 8 General Manager Jeff White only one trip to VisionThree’s studio to convince him to take an ownership stake in the company and spearhead sales and product development for the firm full time.
U.S. factory orders suffer first down year since 2009
Orders to U.S. factories fell sharply in December, closing out a year in which demand for American manufactured goods retreated for the first time in six years.
Geofeedia nets $17 million in latest funding round
The fast-growing company, which has its technology hub in Indianapolis, plans to deploy the cash across all segments of its business.
Godfrey gets Aprimo band back together to launch Lumavate
Former Aprimo CEO Bill Godfrey, who steered the software company to a $525 million sale in 2010, has assembled some of its other former leaders for a Carmel-based startup.
UPDATE: Indy man gets 27 months for international spam scam
Phillip Fleitz was accused of helping send millions of illegal spam messages to U.S. and international cellphones and computers.
Georgia manufacturer plans to close Plainfield facility
Southwire Co. LLC plans to shut down its customer service center in Plainfield by mid-year, putting 50 employees out of work.
Work might start this year on delayed $2.7B fertilizer plant
The Posey County Economic Development Partnership said the project will have a big economic impact, creating more than 2,500 construction jobs and about 200 permanent positions at the plant.
Caterpillar closing 5 plants, cutting 670 jobs
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
Not everyone in tech wants venture cash
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
Baggott, partners sell Indiana food startup Husk
ExactTarget co-founder Chris Baggott and two business partners have sold Greenfield-based food startup Husk LLC, nearly three years after starting it, shifting their attention to a farmers market website.
Factory employing 700 workers to get reprieve
An auto parts factory near Muncie that was slated to close later this year won’t be shutting its doors after all.
Dental claims processor plans to add more than 150 workers
Renaissance Electronic Services said it will invest $14.9 to expand five existing Indianapolis facilities and a new location in the former Gerdt Furniture store in Southport.
Denver Hutt’s family, friends aim to launch namesake fellowship
The “Hutt Fellowship” would be one of the first moves aimed at establishing an enduring legacy for the well-known entrepreneurism guru who died Saturday at 28.
Angie’s List hires ad firm that created Progressive’s Flo
Angie’s List Inc. is rejiggering its marketing strategy, a move that includes hiring a new branding agency to help get the home-services giant growing rapidly again.
Assertive analyst takes Klipsch owner to woodshed
The stock market value for Voxx today is just $118 million—far less than it paid just for Klipsch, one of a long list of acquisitions it made dating back a decade.
Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Indiana University gets $5M to lead cybersecurity center
IU's Center for Trustworthy Scientific Cyberinfrastructure will help solve the computer and software security challenges facing the National Science Foundation.