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Time switch creating computer nightmare: Technology experts predict change to daylight-saving could be Y2K all over again

If you have an important meeting starting April 2, beware of relying on your computer for a reminder-there’s a fair chance you’ll be late. The state’s first-ever switch to daylight-saving time will leave thousands of computers confused about what time it is, and their users not much better off. PC clocks have to be adjusted just like the cuckoo over the mantle, but if you forget to switch the timezone setting from “Indiana (East)” to “Eastern Time”-or neglect to check…

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Forum Credit Union buys health-care consultant: Financial institution beefing up commercial services

Forum Credit Union, central Indiana’s largest credit union, has acquired Indianapolis-based health-care consulting firm Health Care Economics Inc. And banks are piping mad about it. “It’s part of our effort to meet the needs of what our members have been asking us to do,” said Andrew Mattingly, senior vice president of strategy and marketing for Fishers-based Forum. “They want to put all of their finances together [at one institution].” Health Care Economics primarily serves as a business consultant to medical…

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You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four leaders from Indianapolis’ banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions; Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How’s the state’s economy doing? Are more bank mergers on…

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BRIAN WILLIAMS Commentary: Indiana’s life sciences future starts today

Indiana’s life sciences future starts today In 2004, BioCrossroads was awarded a comprehensive grant by the Lumina Foundation for Education to study Indiana’s life sciences K-12 education standing. One of the goals of the study was to find ways to improve student performance in science, math and technology in Indiana at the K-12 level. This study rightly identified an area where meaningful results can be achieved through concerted effort. More important, individuals at Marian College, who recognize the impact of…

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VOICES FROM THE INDUSTRY: Fixed-rate mortgage loans remain a relative bargain

Mortgage lenders have found all sorts of creative ways to get money into the hands of eager buyers, with interestonly, piggy-back and no-doc loans. While these loans have provided opportunities to fund more house than ever, the opportunity to sleep peacefully knowing your payments are locked in place makes fixed-rate mortgages a desirable option for many homeowners these days. Closing gap Even with interest rates inching up, fixed-rate mortgages never looked better compared to adjustable-rate mortgages, or ARMs, and short-term…

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Aprimo gears up for IPO: Acquisitions, internal growth put software firm in position to consider public leap

Fast-growing marketing-software-maker Aprimo Inc. is positioning itself for an initial public offering, likely within the next 18 months. “I think they have big plans in the marketplace,” said Kimberly Collins, senior analyst for Stamford, Conn.-based technology research firm Gartner Inc. “Clearly, Aprimo would like to … file an IPO. I think they want very much to be the next Unica in the marketplace,” referring to a direct rival that went public last August. Founded in 1998, Indianapolis-based Aprimo makes a…

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EYE ON THE PIE: Here’s a recipe for business success

Clovis Crowder did not become a leading Hoosier executive by default. He did not inherit his position. He earned it. A man of rugged countenance, imposing stature and brilliant intellect, he is often mentioned as a candidate for high elected office, but humbly declines all such invitations. Also, he has no ambition to be a university president or a basketball coach. Recently, he and I had the following conversation: MM: “Tell me, Mr. Crowder, what has been the essential feature…

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Indiana’s universities give industry a boost: State touts wealth of higher-ed insurance programs

Politicians seem so much more 21st century when they talk about attracting life sciences and information technology jobs to Indiana. But they’re not about to ignore the state’s second-largest employer-the often-overlooked insurance industry. Indiana insurers employ more than 60,000 Hoosiers, second only to farming, and pay an average annual salary of $47,500, nearly $10,000 more than the state average, according to a 2004 study by Purdue University. Moreover, the industry boasts some of the state’s largest public and private companies-WellPoint…

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RETURN ON TECHNOLOGY: Is too much news leaving you woozy these days?

When it comes to news, there are two kinds of consumers: the “E.F. Hutton people” and the “cocktail party people.” E.F. Huttoners have it easy. Cocktail partiers are only now getting some help making their lives more manageable. Years ago, E.F. Hutton ran a series of commercials that would always take place in a crowded spot, like a restaurant or plaza. One actor would be talking about his investment advice and preface it with, “Well, my broker is E.F. Hutton,…

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Making the grade: Pay-for-performance system nearing reality for local physicians

Central Indiana stands on the leading edge of a national push by health care insurance systems to link doctors’ pay with their performance. The Indiana Health Information Exchange-a not-for-profit collaboration among some of the state’s largest health care providers-is developing a program that uses data collected from insurers and care providers to produce quality reports. Those reports then will be sent to doctors and used by the insurers to develop incentive programs for reimbursement. The goal: Start a system by…

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Emerging India: Indians explore prospects in Indiana: Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park

Indians explore prospects in Indiana Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park J.V.V. Satyanarayana spent the last three years launching his Chennai, India-based software firm. But after only 24 hours in Indianapolis, he was ready to expand his operation. Satyanarayana was part of a delegation of 15 Indian executives who visited Indiana last week. His business, SVL Infotech, manages the IT end of medical billing. It has 100 employees and handles claims worth $100…

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IT firm bought again: New York company acquires Core Business Technology but will move HQ to Indy

Now, Core Business Technology Solutions has gone down the aisle again, tying the knot last month with White Plains, N.Y.-based Convergence Technologies Inc.-a deal that makes Indianapolis headquarters for a company with 270 employees and $105 million in revenue. But, with apologies to Wynette, nobody at this wedding sang, “Stand by your LAN.” The good ol’ local area network is now just a slice of the increasingly diverse information-technology products and services Core offers small and midsize companies these days….

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Clarian climbs aboard podcast bandwagon: Hospital network finds new way to broadcast its message to employees and the community

Communications experts say the medium, which has been around only a couple of years, carries loads of marketing potential. “You’re immediately tying a voice to the company and a face to the company. That’s a powerful thing,” said Kelly Hendricks, president of BLASTmedia, an Indianapolis-based public relations firm. “It’s going to be interesting to see how this evolves.” Evans decided to try Clarian’s hand at podcasting after his research found it costs “almost nothing” to produce a message and upload…

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Six firms land $6.1M from state tech fund: 21st Century program issues its first grants since 2004; local companies Semafore, Cadent among recipients

The state launched the fund in 1999 to invest in new technologies and appropriated $137 million during the first five years of the program. The state awarded no money in 2005, partly because none was available the first half of the year. The administration took the second six months to get acquainted with the fund. Kidd left his job as vice president of the Indiana Venture Center in October to join IEDC. The veteran small-business consultant since has helped reshape…

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Blog Boom: Newest Web craze becoming a key tool for business marketing, communications

Myles Brand needed a way for his organization to reach out to the public. It had to be direct and immediate and initiate an honest two-way discussion. Brand, NCAA president, chose an offbeat idea-albeit one with a growing following-to solve this age-old business problem. He gave the directive late last year for the NCAA to launch its first blog, an online presence that two years ago few corporate types understood, much less considered a viable means of communication. Now, the…

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College hatches business to measure airwaves: Big wireless firms flocking to one-of-a-kind database

Ball State University has created what could be a moneymaking venture to help the nation’s wireless providers find dead spots in their signal footprints even before they put up the first towers. The university’s Office of Wireless Research and Mapping said it has at least $720,000 in tentative contracts from businesses and government agencies. “My hope is, in two or three months, we have a fully operational center that is going to be recognized nationally,” said Bizhan Nasseh, a Ball…

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Open source gaining traction: Government departments, more businesses seek alternatives to Microsoft, others

The Indiana Department of Education’s effort to outfit high schools with computers is a costly endeavor for a state strapped for cash. But installing what is known as open-source software is softening the blow. As the name implies, open-source programming is available for users to study, modify and share freely-a sharp contrast to the proprietary software sold by behemoths such as Microsoft Corp. and Oracle. Expensive licensing fees associated with the proprietary software sent the Education Department looking for alternatives….

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PETER SCHNITZLER Commentary: Embrace India while you still can

PETER SCHNITZLER Commentary Embrace India while you still can India will fool you, if you don’t pay attention. The term “developing nation” doesn’t begin to do it justice. Having traveled internationally a number of times before, I thought I was prepared for whatever culture shocks awaited more than 8,000 miles away. I anticipated the heaving crowds, the livestock in the crumbling streets, even the abject poverty. I didn’t expect innovation. And especially not entrepreneurship on par with the kind found…

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Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

Until recently, SonarMed Inc., a startup developing a new type of breathing tube, was just a mailbox at Purdue University. But having recently been awarded the first investment from the BioCrossroads’ Indiana Seed Fund, SonarMed plans to move into office space in Indianapolis, hire 15 to 20 employees before the end of the year and begin seeking U.S. Food and Drug Administration approval for its device. The Indiana Seed Fund was formed last summer and now has $6 million to…

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Lessons from attorneys on the front lines in India: Be ready to grease palms, face cultural differences:

BANGALORE, India-Petty bureaucrats are more than a nuisance in India. Some like to line their pockets. And if minor officials don’t get what they want, they might shutter a U.S. company’s operations. Given enough time and money, disputes can be settled in India’s infamously slow courts. But V. Umakanth, a Bangalore partner with the Indian law firm Amarchand Mangaldas, counsels clients to simply make the small grease payments some administrators expect. “There is still corruption. Foreign businesses need to deal…

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