Indiana’s tech sector hit a red-hot cycle of mergers and acquisitions, pushing the number of deals well past marks set in 2018, 2019 and 2020 by the end of 2021’s third quarter. Experts said the M&A activity spoke to how the state’s tech sector had matured, as well as the gobs of cash burning holes in investors’ pockets.
The pandemic has not slowed Indianapolis-based venture studio High Alpha—and in fact, the move to remote work and increasing dependence on technology has probably sped up its activity.
Local tech companies have had huge success in attracting funding this year, led by Formstack which landed a $425 million growth investment in November—by far the largest single capital raise by an Indiana-based technology company in the state’s history.
Hatcher talks to host Angela B. Freeman about the challenges of being an entrepreneur and how he’s had to push through his introverted nature to become a leader.
The Indy Autonomous Challenge will be part of the splashy CES trade show Jan. 5-8 in Las Vegas, where Hoosier business leaders plan to use the racing event as a vehicle for promoting Indiana’s tech economy to a potentially worldwide audience.
Another major outage in Amazon’s cloud computing network has raised questions about the vulnerability of the internet and its concentration in the hands of a few firms.
Just two weeks before it is set to open its doors to tens of thousands of people at the massive Las Vegas Convention Center, one of the largest technology trade shows is in limbo.
A growing number of Hoosier companies say advanced technology is improving productivity and profits, but that choosing and implementing the right tech can be challenging.
Indianapolis-based RCA Commercial Electronics, which sells both commercial televisions and LED lighting, has been acquired for $14 million cash plus other considerations. The deal closed earlier this week.
Chicago-based ActiveCampaign, which opened an Indianapolis office in 2019, had been searching for months for a new, larger space. Its new office will be an 8,800-square-foot space on Mass Ave.
Officials at 16 Tech on Wednesday unveiled a bridge design that they say is both pedestrian-friendly and architecturally unique. The overall project, which includes the bridge and related road work, has an estimated $20 million-plus price tag.
IntelinAir, an ag-tech startup, moved its headquarters from California to Indianapolis in August. The company’s co-founder, Al Eisaian, is stepping aside as president, CEO and board chairman next month and long-term ag-tech exec Tim Hassinger will take over those roles.
The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.
A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for hours, raising questions about the vulnerability of the internet and its concentration in the hands of a few firms.
Amazon’s own e-commerce operations were affected, as well as Toyota, Delta Airlines, Netflix, Instacart, Venmo, Kindle, Roku, The Associated Press, Disney+ and McDonald’s.
The Mira Awards, which honors achievements in Indiana’s tech industry, has added an awards category for efforts to attract, hire, train and retain tech talent. Nominations for the annual awards program opened this week and the awards gala takes place April 23.
General Motors raised its outlook Wednesday and said it expects to return to a normal production rate by the end of next year.
The plant will employ hundreds of people and will start making materials in 2024, said Doug Parks, GM’s global product development and supply chain head.
Investors are clamoring for the top provider of cloud-based customer relations management software to prove it can expand beyond its core business. Any misstep is bound to be noticed.
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
