Ex-employee charged with defrauding Apple out of $10M
As a buyer in Apple’s Global Service Supply Chain department, the employee allegedly took kickbacks, stole equipment and laundered money.
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Ukrainian war hits local tech companies with overseas workers
Companies have had to figure out ways to support their Ukraine-based workers while also keeping business moving in a time of huge disruption.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Hacked U.S. companies to face new reporting requirements
The rules are part of a broader effort by the Biden administration and Congress to shore up the nation’s cyberdefenses after a series of high-profile digital espionage campaigns and disruptive ransomware attacks
Startup Quiptu aims to offer peer-to-peer rental platform for outdoor gear
Quiptu, which is short for “equipment to you,” is a startup whose platform will offer a place where the owners of outdoor gear can connect with people interested in renting that gear.
Meeting platforms grow even as COVID wanes
Online gatherings are here to stay, but after two years of Zooming, people are looking for something more than the standard videoconferencing sites can offer.
Herff Jones partnership gives graduation memories a digital twist
The deal is with StageClip, a company that uses livestreaming to create 30- to 45-second videos of each graduate who crosses the stage at participating high schools and colleges.
Indianapolis-based Resultant opens office near Crane warfare center
Resultant, which offers technology consulting and analytics, says it opened the Odon office to better support its clients at the nearby Naval Surface Warfare Center in Crane.
Report: Venture capital investments in Indiana companies hit all-time high
Indiana companies landed $1.4 billion in investments last year–a record amount, and nearly triple the value of investments in 2020, a new Elevate Ventures report says.
New laws are having a big impact on local tech sector’s required ingredients for data privacy
State legislatures from coast to coast, including Indiana’s, are turning their attention to consumer data privacy—and the issue could have a large impact on Indiana’s tech sector.
Philly-based sports betting exchange eyes 2023 launch in Indiana
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
Justice Department sues UnitedHealth over nearly $8B deal
The U.S. Department of Justice said Thursday that the proposed deal for Change Healthcare would hurt competition and give UnitedHealth Group—which is a competitor to Indianapolis-based Anthem Inc.—access to sensitive claims information from competitors.
Cummins to acquire Meritor for $3.7B
Columbus-based Cummins said its acquisition of Michigan-based Meritor, a maker of electric axle and brake technology, will help accelerate Cummins’ electric and hybrid business.
First Internet leans into banking-as-a-service trend
Under the relatively rare model, a bank offers its expertise and capabilities to a fintech, allowing the fintech to provide iservices that require the involvement of a federally regulated and insured institution.
UPDATE: Tech startup Qualifi lands $2.5M in seed funding
Indianapolis-based Qualifi, which launched in 2019, offers technology that helps customers quickly screen job applicants using automated phone calls.
Allos Ventures launches $75 million investment fund
Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.
TechPoint names Mira Awards nominees from 76 Indiana companies
The nominees for the Indiana-based awards include newly-launched startups and growing scale-up companies that have developed technologies for a variety of industries, including health care, transportation and logistics, and business intelligence and operations.
Q&A with Danny Milisavljevic, a Purdue University astronomer
Milisavljevic, 42, an assistant professor of physics and astronomy at Purdue University, orchestrated a proposal for the James Webb Space Telescope, which launched in late December as the high-powered successor to the legendary Hubble Space Telescope.
Elanco, High Alpha Innovation launch ag-tech startup Athian
The startup, Athian, aims to help farmers and ranchers measure, and eventually monetize, their efforts to reduce the carbon footprint of their cattle operations.