Are additional Celadon execs in prosecutors’ sights?
The Justice Department’s April 25 press release—which announced Celadon had admitted to the fraud and agreed to pay $42 million in restitution—closes by noting that the investigation is ongoing.
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Q&A: 120WaterAudit eyes big growth after pivot
Megan Glover started 120WaterAudit in 2016 with the idea of targeting residential consumers nationwide with a water-testing kit that cost $120 every four months. But the company has pivoted to work largely with municipal water utilities and governments.
Companies fret as costs soar for software subscriptions
The software as a service—or SaaS—market is going gangbusters.
Longtime local tech exec, advocate Harold Apple dead at 74
Apple co-founded the Indiana Software Association and the Indiana Information Technology Association, which merged to form TechPoint, the state’s leading technology advocacy and trade group.
Apple trade-ins, discounts spark iPhone revival, stock jump
Apple Inc. executives had a clear message for investors on Tuesday: Demand for iPhones has begun to recover from a bruising holiday period.
Local software firm Viral Launch lands $7.3M in venture funding
The Series A round was led by New York City-based Tenfore Holdings, with contributions from existing investors Mentor’s Fund of Redwood City, California, and McLean, Virginia-based UpOver Ventures.
Notre Dame getting $42.4M to accelerate regional innovation
The 5-year grant from Lilly Endowment Inc. aims to further advance Indiana’s northwest region as a leader in manufacturing, entrepreneurship, applied analytics and technology.
Startup showcase growing in lockstep with agbioscience sector
AgriNovus Indiana’s Ag+Bio+Science Startup Showcase is growing faster than a corn stalk in June.
In its third year, the showcase attracted a record number of attendees, sponsors and participants for its pitch contest.
Ford to invest $500M in electric vehicle startup Rivian
Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings.
Allison Transmission announces $132 million in acquisitions
The Indianapolis-based company announced Tuesday that it has acquired England-based Vantage Power and the electric vehicle systems division of Michigan-based AxleTech International in two separate deals.
Samsung delays launch of Galaxy Fold after screen failures
Samsung Electronics Co. will delay the launch of its first foldable smartphone from the planned April 26 debut after reports of screen failures among some review units, a setback for the world’s biggest handset maker.
IBJ Podcast: Why tech execs bought The Vogue in Broad Ripple
High Alpha’s Eric Tobias talks with podcast host Mason King about what he and two other tech execs plan to change at the 81-year-old venue (think glass barware and a larger green room)—and what they think the club is already doing well.
Tech industry pushes lawmakers to fully fund program that boosts startups, R&D
The Senate version of the two-year, $34.6 billion budget allocates $22 million per year for the state’s 21st Century Research and Technology Fund. That’s $8 million less per year than in the current budget.
Salesforce.org, IU to bring higher ed conference to Indy in 2020
The three-day event at the JW Marriott downtown is expected to bring together more than 2,500 leaders from colleges, universities and technology firms.
Angel investor network VisionTech fills need for startup funding
Founded in 2014, VisionTech has seen its membership, or investors—as well as the amount invested by those members—swell significantly in the last two years.
Broad Ripple’s Vogue nightclub acquired by trio of tech executives
Broad Ripple’s historic nightclub has its first new ownership since 1986. The new owners plan to maintain the Vogue as a live-music venue while expanding into other types of programming.
Apple, Qualcomm settle bitter dispute over iPhone technology
The surprise truce announced Tuesday came just as the former allies turned antagonists were facing off in a federal court trial that was supposed to unfold over the next month in San Diego.
Fishers-based Formstack acquires WebMerge
Formstack, a tech firm that helps customers build online forms and automate workflow, announced Tuesday that it has acquired WebMerge, which also is located in Fishers.
With billions to spend, feds unsure exactly who lacks broadband
A $4.5 billion federal grant program earmarked to expand wireless internet in rural areas was supposed to address the problem, but it’s on hold while the FCC investigates whether carriers submitted incorrect data for the maps used to allocate grants.
Local transportation tech firm acquired for $50 million
Synovia Solutions, known for its Here Comes the Bus app, has been acquired by a transportation technology company based in Irvine, California.