One of central Indiana’s oldest web developers acquired
New England-based SilverTech Inc. plans to expand to its second market by buying local stalwart Bitwise Solutions, which was founded in 1991.
Technology
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Facebook shares tank over data-manipulation scandal
The social network is under fire after newspapers reported that former Trump campaign consultant Cambridge Analytica used data, including user likes, inappropriately obtained from roughly 50 million Facebook users to try to influence elections.
Group led by former Angie’s List CEO closes on sale of company campus
An investment team headed by Bill Oesterle says it’s planning a “playground for the creative and innovative” on the 17.5-acre property.
Local sports software firm scores acquisition
Upper Hand Inc. had year-over-year revenue growth of 200 percent in 2017, and thanks in part to an acquisition announced this week, the company’s founder is projecting faster growth this year.
Indianapolis-based Bluelock acquired, expects to grow locally
The 12-year-old local company is being acquired by a larger IT firm headquartered in California. Bluelock CEO Christopher Clapp said the deal was put together “to drive growth.”
State stops millions in fraudulent tax refunds
Thanks to a fraud-prevention program the Indiana Department of Revenue implemented in 2014, hackers looking to collect refunds owed to other individuals seem to be targeting Hoosiers less often.
Carmel-based tech firm Lumavate raises $2.5 million in seed funding
The funding round included participation from locally based investors Allos Ventures, Collina Ventures, Elevate Ventures and former Interactive Intelligence CEO Don Brown, as well as others.
Purdue mulls policy to limit Wi-Fi access on campus
The biggest broadband consumption on Purdue's network is from gaming sites, streamed music and assorted video providers.
Tech leaders hope state can leverage IoT opportunities, produce in-demand workers
Panelists at IBJ’s Technology Power Breakfast on Friday chewed on several ways to strengthen the state’s tech sector, including harnessing the so-called “internet of things,” making their workforces more diverse and improving education and mentorship in the field.
Carmel-based Baker Hill accelerating growth with product launch, partnerships
The financial software firm this week announced a strategic partnership it said should accelerate the company’s growth and local employee base.
Tech firm Octiv to be acquired but remain in Indianapolis
Founded in 2010 as Tinderbox Inc., Octiv will continue to operate under its current moniker until leaders determine how it will fit into the brand of Colorado-based document automation firm Conga.
Software tax-exemption bill awaits governor’s signature
A bill that exempts “software as a service” from Indiana’s 7 percent sales tax is headed to the governor, who said he’ll gladly sign it.
Appirio co-founder stepping down as CEO to shape culture at parent firm
Twelve years after co-founding Appirio Inc., Chris Barbin is leaving his role as CEO of the cloud consulting firm based in Indianapolis. But that doesn’t mean he’s retiring.
Construction tech-services firm expanding HQ, adding 56 workers
Indianapolis-based Earthwave Technologies Inc. is doubling the size of offices on the city’s northwest side.
New Conexus CEO wants Hoosier businesses to embrace cutting-edge technology
Former Angie’s List COO J. Mark Howell is looking for ways to help the state’s advanced-manufacturing and logistics industries navigate a changing technology landscape.
Best Buy to close its small-format mobile phone stores
The consumer electronics retailer is shutting down 250 small-format mobile phone stores in the United States, including two in the Indianapolis area.
Apple planning giant, lower-priced iPhone models, sources say
Apple Inc. is reportedly preparing to release a trio of new smartphones later this year, including the largest iPhone ever, after sales of the iPhone X failed to meet expectations.
Airbnb unveils new category of rentals rated by inspectors
Shaking things up at a time its growth has been slowin, the lodging-sharing service is dispatching inspectors to rate thousands of the properties it lists in an effort to reassure travelers they’re booking nice places to stay.
New local tech industry survey reveals growth, concerns
A new survey that takes a wide-ranging look of the local tech community reveals an industry that is growing quickly while still facing some economic and social challenges, including concerns about capital and diversity.
House changes approach on software taxation legislation
Both chambers of the Indiana General Assembly and Gov. Eric Holcomb are back on the same page when it comes to advancing a bill this session regarding the taxation of cloud- or subscription-based software.