Soaring Rx costs lift firm’s prospects, job creation
Rx Help Centers assists employers and customers as they navigate through the confusing web of prescription drug discounts. Business is so good that the company hopes to add 250 workers by 2017.
Technology
Articles
Ontario firm to acquire CTI Group for $22.5 million
A Canadian software firm has signed an agreement to acquire CTI Group Holdings Inc., one of the smallest publicly traded companies based in Indianapolis.
Angie’s List ekes out profit as new CEO rebuffs activist
Shares sank 15 percent on Wednesday morning despite an $82,000 profit in the third quarter. New CEO Scott Durchslag told analysts he wanted to increase shareholder value organically rather than pursue a sale or merger.
Indiana startups snare surging venture capital
Firms landed more than $28 million in the third quarter, the highest quarterly total in three years and a sign of accelerating entrepreneurial momentum in the state.
TinderBox lands $7 million in venture funding
Among the investors locally based Allos Ventures and High Alpha, and coastal VC firm Greycroft Partners.
HC1.com raises $13.2 million in growth capital
The Indianapolis-based firm, which sells health care-management software, said it plans to use the funds to grow its sales and marketing teams, and bolster distribution channels.
Purdue to become home to Indiana cybersecurity center
The center will be the first hub of the Indiana Information Sharing and Analysis Center in Indianapolis. It is expected to monitor and defend state systems and networks from cyberattacks.
Indy unit key part of multi-pronged Salesforce strategy
Salesforce.com is using its Indianapolis-based Salesforce Marketing Cloud division as the springboard for a nascent business line that company officials believe has the potential to grow rapidly for years to come.
Salesforce expanding downtown, seeking big block of space
Salesforce.com appears to have scrapped plans to build its own downtown headquarters building and instead is seeking a huge block of space in an office tower to satisfy its aggressive growth plans.
Lawmakers may spoil fantasy sports party
State and federal lawmakers are taking a serious look at the legality of the services of fantasy football goliaths DraftKings and FanDuel—a move that could put the companies out of business in Indiana and other states.
Goodwill CIO jumps to Bluelock
Jeffrey S. Ton, who led information technology at Goodwill Industries of Central Indiana Inc. since 2010, has joined Bluelock as vice president of product and service development.
Lilly Endowment pegs $1.4M grant for attracting tech talent
TechPoint, an Indiana technology advocacy group, intends to use the money for internship and fellowship programs that create career connections in the state.
IT firm plans to add up to 105 jobs in Broad Ripple
TCC Software Solutions, which was founded in 1996 and has 139 full-time employees locally, said it will invest $1.9 million to expand into a new facility on East 52nd Street.
Fast-growing tech companies slow to go public
Indiana hasn’t seen a company launch an initial public offering in nearly two years. When the next IPO comes, it likely won’t be a technology company.
Fantasy-football app developers team with DraftKings, ESPN’s Matthew Berry
Local entrepreneurs Mark Welsh and Charlie Russell last year started an app development company. And this year, they inked partnerships with ESPN fantasy football guru Matthew Berry and daily fantasy sports behemoth DraftKings for their first major endeavor.
Online car dealer to spend $13.5M to open Whitestown center
New York City-based Vroom plans to lease the vacant 500,000-square-foot former Subaru of America building off Indianapolis Road to the west of Interstate 65. The company hopes to hire 220 employees by 2024.
Angie’s List restructuring its 1,000-person sales force
The firm is aiming to boost revenue with the biggest reorganization of its sales force in its 20-year history. But some salespeople fear the changes will cut their compensation.
BidPal back on growth path after strategy shift, CEO says
BidPal CEO Steve Johns took the helm last September in the wake of job cuts at the software firm. He said the company has added employees and customers since then.
The Interview Issue: Scott Dorsey and Kristian Andersen
Scott Dorsey and Kristian Andersen—two of the four partners at High Alpha—say they are pioneers because they’ve created a firm that combines company creation and venture funding.
Telamon founder Chen to retire as CEO, chairman
Albert Chen, who built Carmel-based Telamon Corp. into one of the largest private companies in Indiana, plans step down as CEO and chairman of the board on Oct. 1.