Hoosier manufacturers say they’ve been prepping for recession
Companies banged up during the Great Recession a decade ago have been preparing for the next slowdown by keeping workforces lean, adding technology and avoiding excessive debt.
Technology
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Fishers firm vying for big federal student-financing contract
A team of financial technologists has its sights on a U.S. Department of Education contract that could bring at least 300 jobs to the city and further central Indiana’s role as a student-financing hub.
Local tech company Doxly acquired by Chicago-based firm
Doxly, which helps clients collect and manage legal documents through a cloud-based platform, has been purchased by Litera Microsystems, a growing provider of document-management software.
IU researchers partner with LinkedIn to publish labor flow study
A small team of researchers at Indiana University, in collaboration with LinkedIn, has created the first-ever global map of labor flow—how people move between jobs and industries in geographic regions. IU researchers said their findings provide useful insights into the growth and movement of the economy.
Aesthetics of 5G wireless small cell towers spark concern in suburbs
The next generation of wireless internet will provide super-fast service, longer battery lives and a wealth of capabilities. But it comes at what some view as an aesthetic cost.
Anvl moving to Fishers, planning to add 41 employees
Anvl, which markets safety software to help reduce and prevent injuries for front-line workers in hazardous environments, was launched out of Indianapolis-based venture studio High Alpha in October.
Verizon rolls out 5G mobile service in parts of Indianapolis
Verizon, which rolled out 5G home internet service in parts of Indianapolis in October, is now offering 5G mobile service in the market.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Socio planning hiring spree after $6M funding round
An Indianapolis software firm that helps clients pull off events plans to triple its employee count by the end of 2020.
Arrest made after massive Capital One data breach
A hacker gained access to personal information from more than 100 million Capital One credit applications, the bank said Monday as federal authorities arrested a suspect in the case.
California insurance exchange company chooses Indy for regional HQ, 500 jobs
The company, eHealth Inc., is led by Scott Flanders, an Indianapolis native and former CEO of Macmillan Publishing in Carmel and Playboy Enterprises in Chicago.
Broad Ripple becoming tech boom town
In the last 18 months, more than a half-dozen tech companies have opened up shop in the village or decided to do so.
New product, partnership set ClearObject on path to growth
ClearObject, a Fishers-based tech firm, this week rolled out its latest product and announced a new partnership with computing giant IBM that company officials said will help significantly grow their business.
Amazon’s big spending on one-day delivery dents profit, forecast
Moving millions of products closer to customers to enable one-day delivery proved more costly and complicated than expected, driving up expenses and reducing efficiency in the second quarter.
DemandJump lands another $5.5M in venture funding
DemandJump, a local software company, has now raised a total of $14 million in venture funding since its founding in 2015. Company officials said the most recent round will be used in part to continue to grow staff.
Justice Department ratchets up antitrust scrutiny of Big Tech
The U.S. Department of Justice on Tuesday opened a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers.
Big technology meeting sets stage for more U.S.-China talks
President Trump and senior administration officials met with CEOs from Alphabet Inc.’s Google, Broadcom Inc., Cisco Systems Inc., Intel Corp., Micron Technology Inc., Western Digital Corp. and Qualcomm Inc. on Monday.
Elevate Ventures’ startup investments at pivotal point
After nine years of managing the state’s investments in startups, the not-for-profit Elevate Ventures has had some wins, but more losses—as measured by the number of companies that paid back at least as much as they took in.
Kerauno makes acquisition, continues growth spurt
Kerauno, an Indianapolis-based maker of communications-workflow software, this week announced the acquisition of Inverse-Square, a locally based custom software development firm. And the acquisition won’t likely be Kerauno’s last, maybe not even this year.
Trump: Administration to review massive Pentagon computer contract
Amazon Web Services Inc., a division of Amazon, and Microsoft Corp. are finalists for the contract estimated to be worth up to $10 billion over a decade.