Indianapolis, IPL ink $12M contract to update 27,000 streetlights
The city said it will use the savings from the more energy-efficient lights to add another 4,000 streetlamps.
Technology
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Walmart joins forces with Google on voice-activated shopping
The world's largest retailer said Wednesday it's working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant.
Samsung unveils successor to disastrous Note 7 phone
Samsung is trying to move past last year's disastrous Galaxy Note 7 launch with the Galaxy Note 8, which is likely to be among the most expensive phones on the market.
Tech marketer Viral Launch plans to add 250 workers by 2021
The company, which helps clients grow sales on Amazon, said it is investing $2.22 million and doubling its office space.
Sigstr raises $5 million in venture capital from big names
The 3-year-old marketing-tech company corralled notable Midwest and East Coast investors in the deal, which is the second-largest in Indiana this year.
Intel says new chip offers ‘once-in-a-decade’ performance boost
The eighth generation of its Core line will provide as much as a 40 percent jump over its predecessor, according to the Santa Clara, California-based company.
Compton plots strategy for indie flick ‘Columbus’
Prominent tech investor Bob Compton is one of the movie's six executive producers. He helped fund "Columbus" and recruited tech notables Don Brown and Scott Dorsey to invest in the project as well.
Infosys shares tank after CEO announces resignation
The resignation comes about three months after the India-based company said it would hire 10,000 U.S. workers by 2021, including 2,000 in Indiana.
Tech firms see big tech opportunity in freight apps
A wave of companies, including some in Indianapolis, are launching freight-related apps in hopes of making money by helping to streamline a huge and fragmented industry.
HHGregg preparing for comeback as online retailer
A company that acquired the intellectual property rights for defunct Indianapolis-based retailer HHGregg Inc. is planning to resurrect the brand with an online business that sells electronics and appliances nationally.
Auto-industry stalwarts Cummins and Allison rev up for era of electrification
Industry players find themselves in a precarious spot. If they don’t embrace the electric-vehicle future, they look backward. But if they dive in with excessive exuberance, they risk wasting hundreds of millions of dollars.
Software maker has same leaders it had in ’90s, a rarity for tech firm
Double-Take Software, whose data-backup software was created here in 1995, has leaders today who were around in its early years. Boston-based Carbonite bought Double-Take for $62.5 million in January.
Infosys picks Purdue University to help train U.S. workforce
The India-based company said it notched a five-year agreement with Purdue University to have the school train many of the 10,000 U.S. workers it plans to hire in the coming years.
Social media analytics firm Fizziology acquired by California company
Fizziology LLC, a fast-growing social media research firm that is planning major growth at its headquarters in Indianapolis, was acquired Monday by a Los Angeles-based company.
Funding conditions for U.S. tech startups reach record high
A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors' appetite to back the riskiest companies.
N.C. firm wants to be ‘stronger face’ for private equity in local tech scene
Frontier Capital recently embarked on an effort to make eight-figure equity investments in tech firms across the Midwest. It already had invested more than $60 million in Indiana companies before the new push.
ExactTarget alums pick former haunt for Cheetah Digital’s local office
The marketing tech company will take about 7,500 square feet in the Guaranty Building, where ExactTarget was located before Salesforce bought it in 2013, and add 50 jobs by 2019.
Tech activity driving downtown office demand
Vacancy continues to decline as Salesforce takes more space in the city’s tallest building and other tech firms put down stakes. And with the greater demand, rents are escalating.
Indy company projects revenue surge fueled by Google Glass
A local company that leases Google Glass devices and sells software on top of it expects revenue to jump from an estimated $1.4 million this year to about $11 million next year.
IMS revs up relationships with bevy of local tech firms
The Speedway contracts with nine software companies and four tech-services firms that are either based in central Indiana or have a substantial local outpost.