Tech startup Gusto lands $1.3M in venture capital
Elevate Ventures, which manages the federally backed Indiana Angel Network Fund, led the financing round.
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Option grant lifts compensation for Angie’s List’s Oesterle
Stock options accounted for the biggest chunk of the CEO’s compensation. Their value will depend on the company’s future stock performance.
San Francisco route off to flying start
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
Indy-based Web firm for coaches makes Atlanta acquisition
Startup dot-com BookIt Commerce Inc. is in the midst of expanding its site for vetting and marketing coaches into new markets.
Scale Computing in midst of $7.5M private offering
One of the hottest tech firms in Indianapolis is more than halfway to its goal in its latest round of fundraising.
Ex-employee files harassment lawsuit against ChaCha
The suit alleges that the wife of company founder Scott Jones believed he was having an affair with the employee, and the firm didn’t do enough to prevent the wife from confronting and threatening her at work.
BidPal claims domain names in cybersquatting settlement
The Indianapolis tech firm had sued in federal court to seize control of the Web addresses that incorporated the company’s name.
Cost-of-living chasm buoying tech firms
A growing number of tech workers are seeking refuge in Indianapolis from skyrocketing living expenses in other cities, including technology hubs on the coasts.
Company conducts ‘global warfare’ against invisible cyber threats
Corporate executives, shaken by fears of hackers, are enlisting Rook Security and an explosion of companies like it to monitor and chase cyber criminals across borders and recover stolen intellectual property.
Software firm TinderBox lands $3M VC investment
Indianapolis software developer TinderBox Inc. plans to fuel product development and build up its sales and marketing teams after receiving $3 million in venture capital.
ExactTarget’s current and former CFOs depart firm
Steve Collins and Traci Dolan, who both have served as ExactTarget’s chief financial officer, have departed the recently acquired company.
Angie’s List hires former Travelocity tech chief
Robert Wiseman has experience in “high-volume, consumer-centric e-commerce” after working for Orbitz Inc., Travelocity and Sabre Travel Network.
ExactTarget revenue climbs, beats expectations
ExactTarget has produced $194 million in sales since Salesforce.com closed on its $2.5 billion acquisition in July.
Tech startup plans 150 local jobs by 2018
Gusto LLC, a tech startup founded by former ChaCha and Overstock.com executive Shawn Schwegman, said it will invest $975,000 to launch the company and its debut product.
Tech firms dangle amenities to lure sought-after workers
Industry goliaths in Silicon Valley have thrown lavish perks at employees for years. As employment in Indianapolis tech firms has skyrocketed in recent years, a lot more companies are looking for workers, heating up competition.
BidPal battles ‘cybersquatter’ over online domains
The Indianapolis-based fundraising-software developer claims it is the victim of cybersquatting, according to a federal lawsuit it filed against InterMediaOne and InterMediaOne-AGM.
Bluelock adds former ExactTarget exec, plans to hire 20
Joe Kuntz will help the cloud-services firm explore new markets. Its recent move into data recovery has sparked plans to increase headcount by about 50 percent.
Smarter Remarketer lands $7M in venture capital
The funding round was led by an investment firm that threw its weight behind Indy-based ExactTarget and Angie’s List before they went public. The software developer plans to double its workforce in the next 12 to 18 months.
CloudOne nabs $2.8 million in venture capital
The Indianapolis-based technology firm has landed more than $7 million in venture capital since it was founded in 2009.
Angie’s List business model faces new heat
At least two investor lawsuits note that the company now generates the vast majority of its revenue from the service providers it's paying members to review.