Indy-based health data firm snares $1.5M in VC round
Healthiest Employers LLC, which collects and measures corporate health information, plans to use the funds to drive sales of its analytics software.
Manufacturing
Articles
Marketing tech firm bags $8M venture capital boost
Indianapolis-based marketing technology firm SmarterHQ has landed another $8 million in venture capital, spearheaded by an investment fund launched by local retail behemoth Simon Property Group Inc.
Eight young, powerful execs show what’s next for Indy tech
All have led some of the most promising companies and organizations in the city’s burgeoning tech space for at least three years—bootstrapping and collectively raising more than $12 million in venture capital and employing about 150 people along the way.
Hurco acquires two companies in deals worth nearly $20M
Hurco closed on the purchase of Wisconsin-based machine maker Milltronics Manufacturing on Tuesday for about $13.3 million. On Wednesday, it entered into an agreement to acquire Taiwanese manufacturer Takumi Machinery for about $6.5 million.
Shoppers disappointed in much-hyped ‘Prime Day’ sales
Some thought the discounts weren't deep enough. Others didn't like that the deals were only available for a limited time and in limited quantities. And still other Amazon customers criticized the types of products that were marked down.
Defense contractor moving 360 jobs out of Indiana
Defense contractor Harris Corp. plans to move about 360 jobs from Indiana to Rochester, New York, over the next year, the company disclosed Wednesday.
IT firm nails down $18M investment, eyes new HQ and IPO
Indianapolis-based Scale Computing Inc. has raised another $18 million in venture capital that CEO Jeff Ready expects will allow it to hire more employees, potentially move downtown and become profitable.
Packaging company seeks tax breaks for local plant
A Louisville-based manufacturer of corrugated boxes and other packing supplies is seeking a tax abatement from the city to help it open a local plant and distribution center that would hire 60 workers over the next two years.
BorgWarner to acquire Remy International for $950M
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.
More than 21 million hit in U.S. data breach
Hackers stole Social Security numbers and other highly sensitive data from more than 21 million people, the Obama administration said Thursday, acknowledging that the breach of U.S. government computer systems was far more severe than previously disclosed.
Customers of Anthem say ID theft proliferating
Anthem Inc.’s massive data breach reported early this year is now generating real cases of identity theft, according to allegations in a small but growing number of lawsuits filed across the country. But Anthem and the FBI say none of the stolen data has been sold on the black market.
Serial entrepreneurs plan 80 hires at fledgling tech firm
Several of the Indianapolis area’s most experienced entrepreneurs and tech executives have joined forces on a digital marketing startup with aggressive growth plans.
Pioneer in 3D printing has high hopes for education startup
Kim Brand and a business partner have launched a “maker space” startup focused on the education market, called 1st Maker Space. It targets students in formal and informal class settings, and 3D printers are just a part of its arsenal.
Angie’s List exec takes over as interim CEO as Oesterle exits
Longtime Angie’s List Inc. CEO Bill Oesterle has officially resigned from the company while COO Mark Howell takes the reins during the search for a permanent successor.
Local machining firm seeks tax break for $8.5M expansion
Aerodyn Engineering Inc. plans to spend $8.5 million to expand its headquarters at 1919 South Girls School Road and add 20 employees by the end of 2019.
Louisville box-maker plans $6.75M Indy operations center
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.
Subaru recalls 72K vehicles over brake issues
The recall covers about 72,000 Outback, Legacy, Impreza and XV Crosstrek models with the company's Eyesight Driver Assist system.
European tech giant eyeing Indianapolis for U.S. HQ
Emarsys, a digital marketing company, is looking to establish a North American headquarters soon, and Indianapolis is on its short list, sources told IBJ.
Purdue starts construction on $50M materials research facility
Purdue officials said the facility will support research focusing on development of lighter-weight composite materials that can be used in aerospace, aviation, automotive, energy and sporting equipment.
Durable goods orders make another monthly retreat
Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose, a hopeful sign for manufacturing.