Smart-keg startup lands another $5.5 million
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.
Manufacturing
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Allison exceeds expectations with quarterly report
The Indianapolis-based manufacturer had sales of $544.4 million in its fourth quarter, an 11-percent increase over the same period of 2013. Profit rose to $50.5 million, up from $42.9 million.
Anthem warns about scam emails after massive hack
After a huge data breach, Anthem is warning about “phishing” messages that are targeting people it insures or has insured in the past.
Hackers see rewarding targets in health care companies
Experts say health care companies can provide many entry points into their systems for crooks to steal data. And once criminals get that information, they can pull off far more extensive and lucrative schemes.
Telecom players embrace home security services
Technology has paved the way for people to engage with more aspects of their homes beyond security features. As a result, cable, phone and other companies have taken notice and jumped into the space.
Anthem data breach already sparks class-action lawsuit
At least one Indianapolis law firm already is preparing a lawsuit against Anthem Inc., after hackers stole personal information on as many as 80 million customers. The breach is certain to spur much more litigation.
Interactive Intelligence reports fourth-quarter loss
The Indianapolis-based software firm lost $29.9 million in the latest period, but the results exceeded analyst expectations.
Fastenal plans local manufacturing site, 97 new jobs
The company is seeking a property-tax abatement from the city worth an estimated $263,444 to make the plan possible.
State’s steel industry missing out on boom cycle as cuts mount
Nearly 700 steel industry jobs vanished from northwest Indiana in January, part of a larger nationwide bloodletting spurred by cheap oil, the strong dollar and low prices.
Former ExactTarget exec joins board of hc1.com
Tim Kopp’s move comes on the heels of hc1.com’s reporting that new customers more than tripled from 2013 to 2014 and that subscription revenue has grown for 15 consecutive quarters.
Label manufacturer pledges 154 jobs, $13M investment
Multi-Color Corp. announced Friday that it's expanding operations its 120,500 square-foot manufacturing plant in Scottsburg.
2015 Forty Under 40: Jason Riley
Jason Riley, 34, director of human resources and global talent development at Hillenbrand Inc., embraced his company’s global outlook as a talent-development tool.
2015 Forty Under 40: Vijay Mehta
Vijay Mehta, 36, vice president of information technology at Experian and principal of Mehtasolutions, is a globe-trotting entrepreneur who keeps an eye on the next profitable thing.
2015 Forty Under 40: Matt Ewer
Matt Ewer, 36, CEO of Bean LLC, delivers farm-to-table to your door through his Green Bean Delivery.
Indiana city advances $7M bond for Pillsbury plant
New Albany's city council voted 5-2 on Tuesday in favor of a nonbinding resolution to offer General Mills financial incentives to keep its refrigerated baked goods plant open. The plant has about 400 well-paid employees.
Robotic lawn mower developer acquired by Ohio company
Precise Path Robotics Inc., the locally based maker of robotic lawn mowers co-founded by entrepreneur Scott Jones, has been sold to one of the country's largest manufacturers of outdoor power equipment.
Mercedes to build model in Indiana, hire hundreds
Mercedes-Benz, the world’s third-biggest maker of luxury automobiles, is contracting out production of the R-Class wagon to a factory in Indiana, a move that will allow it to expand its line of U.S.-built sport-utility vehicles.
ArcelorMittal to lay off 304 in steel plant closing
The company said it would idle its Indiana Harbor Long Carbon facility March 1 and shut down its rolling mill in the next three months. Both facilities are in East Chicago.
Indiana city to consider $7M in incentives to keep plant open
General Mills announced earlier this month it planned to close its refrigerated goods plant that employs 400 by mid-2016.
Local software firm hopes to grow after VC infusion
Indianapolis-based Salesvue LLC, which produces productivity software products for sales departments, is looking to raise $5 million to grow its sales and marketing team.