Battery maker EnerDel lays off 65 workers
Lacking production contracts, struggling battery maker EnerDel Inc. has once again downsized its Indianapolis-area work force.
Technology
Articles
Software firm finds beer business is a frothy market
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
Emmis sees coupons as next frontier for radio apps
An app that would allow smartphones to receive FM radio signals like a transistor radio has been hailed as a way to help stations recapture listeners who fled to Web-based music streaming services.
Tech showcase crowns unlikely winner in pitch contest
Emphymab Biotech, with a treatment for emphysema developed by a group of Indiana University medical professors, received the top prize at the Innovation Showcase on Thursday.
Salesforce.com wraps up $2.5B acquisition of ExactTarget
Cloud computing giant Salesforce.com paid $33.75 per share to acquire ExactTarget. The price was roughly 6.5 times ExactTarget’s projected revenue for 2013, analysts said.
Health tech startup aiming for fences
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year’s end. And it thinks business could triple next year.
Hunckler steps down as head of startup group Verge
The executive director of the startup advocacy group will devote himself to Social Reactor, a social media startup within Scott Jones’ question-and-answer service ChaCha Search Inc.
Software firm TinderBox relocating to Monument Circle
President Dustin Sapp expects the 8,800-square-foot headquarters in the Lacy Building to boost the three-year-old firm’s profile and help recruit employees as the company pursues plans to hire nearly 100 people over the next few years.
Salesforce entices ExactTarget execs with $20M in awards
Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.
Tech expo offers elevator opportunity
A growing expo for Indiana’s technology industry will give 60 startups a shot at pulling in capital on July 11. Each company will get 60 seconds to pitch their businesses to Halo Capital Group, Elevate Ventures and a handful of other seed- and early-stage investment firms.
Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
Universities’ patents often lack commercial applications
The state's universities crank out patents that find their way to pharmaceutical, prosthetics and surgery technology companies. But they also generate reams of patents in areas with few industrial applications.
Computer glitch leaks personal info of state welfare clients
Indiana officials say the personal data of welfare clients has been shared with others in a security breach potentially affecting more than 187,000 people.
LeadJen President Vance launches social network
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
Salin saves cash with video tellers
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Car service app adds Indy
After quietly rolling out over Memorial Day weekend, the vaunted and sometimes controversial car-service app by Uber Technologies Inc. is ready for prime time in Indianapolis.
City to review tax breaks for five tech firms
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Indy-based 3D printer lands incentives for expansion
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
Tyco to buy Fishers-based technology firm for $150 million
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.