Council panel votes for west-side TIF districts, including one for Infosys site
The council’s Metropolitan and Economic Development Committee voted unanimously to approve the creation of the two new tax-increment financing districts.
Tech Companies
Articles
Tech upstart Kerauno raking in the venture capital dough
The communications-workflow software is super-charging its growth with what many believe is a record haul of venture capital, in the form of a $25 million Series A round of funding.
iPhone sales are falling, and Apple’s app fees might be next
A brewing backlash against the rich commissions Apple earns from all purchases and subscriptions made via iPhone apps could undercut the app store, which generates about a third of the company's services revenue.
Salesforce stock slides after disappointing revenue forecast
The scaling back of the cloud software maker’s growth expectations stoked concern that the pace of its torrid expansion has stalled as it matures into a larger company.
Little Nugget app turning into big business for new entrepreneur
Carrie Griffith thought there would be a demand for her photo editing and cataloging app, Little Nugget, which she developed during her first child’s nap time. But even she has been surprised at how quickly her new business has grown. Now she’s looking for funding to speed up growth even more.
California tech firm Jobvite invests in Fishers
In four years, the Indianapolis office of the job-candidate-recruiting software company has grown from one employee to 30.
Powderkeg lands first round of growth funding
The funding round, the first for Indianapolis-based Powderkeg, was led by Elevate Ventures with participation from Stout Street Capital and tech entrepreneur and investor Scott McCorkle.
Q&A: McDonnell builds pathway for computer science education
Codelicious currently has 14 schools as customers, but founder Christine McDonnell is confident that will grow dramatically as the trend toward requiring computer science education expands.
Flush with funding, Scale Computing chases ‘multibillion-dollar opportunity’
A partnership with Japanese personal-computer maker Lenovo—to be rolled out Feb. 25—and $34.8 million secured in October has the software firm poised for explosive growth.
Marketing tech firm moves HQ from Arizona to Indy
Lev—formerly Levementum—has a close relationship with Salesforce, which maintains its marketing cloud unit in Indianapolis. Lev established offices here in 2016 and plans to add 70 employees this year.
Promising beer-service technology firm files for bankruptcy
SteadyServ Technologies LLC, a Fishers-based company identified as one of the most innovative startups on the planet just a few years ago, now is now struggling to survive.
Democrats question promises in proposed $26.5B T-Mobile-Sprint deal
U.S. Democratic lawmakers challenged top executives of T-Mobile and Sprint on Wednesday over their pledge not to raise prices for wireless services or hurt competition if their $26.5 billion merger goes through.
Local recruiting software firm Canvas acquired by California company
Canvas Talent Inc. will continue to operate as an independent business unit in Indianapolis, and company officials said they expect the number of employees to grow significantly because of the acquisition.
Carmel-based software firm acquired in $32M deal
Determine Inc., a 23-year-old publicly traded software company that has yet to turn an annual profit, is set to be acquired by a New Jersey-based company.
Facing opposition, Amazon reconsiders NY headquarters site, two officials say
It’s unclear what Amazon might consider as a Plan B if the New York project falls through.
Amazon has another ‘Prime’ holiday as profit tops $3 billion
Amazon saw revenue grow across many of its businesses, including online shopping, advertising and cloud computing.
Noblesville firm with funny name making mark with unique cell phone cases
Scooch over OtterBox? An upstart Hoosier firm is intent on grabbing a share of the cell phone case market with innovative features. Already, the nine-employee company has grown revenue to nearly $6 million in four years.
Apple opens new chapter amid weakening iPhone demand
CEO Tim Cook is grappling with his toughest challenge since replacing co-founder Steve Jobs seven-plus years ago. Even as he tries to boost iPhone sales, Cook also must prove that Apple can still thrive even if demand doesn't rebound.
Workflow software firm plans downtown expansion, 112 jobs
Kerauno, an Indianapolis-based communications workflow software company, plans to spend $5.2 million to open a new downtown headquarters.
Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good thing?
Experts are mixed on whether the buyout barrage is cause for concern or validation of success.