IBJNews

Carmel firm acquired by Silicon Valley company

Back to TopCommentsE-mailPrintBookmark and Share

A 10-person technology firm in Carmel plans to hire 25 people in the next year after being acquired by a Silicon Valley company.

Anacore Inc., which develops software for touch-screen programs, was purchased last month by Prysm Inc., a San Jose, Calif.-based company that makes big-screen video walls that use Anacore’s technology. The companies did not disclose financial terms of the deal.

“We are now able to get laser-focused on developing a great product and free of the distractions that come with the other aspects of running and growing this business,” Anacore founder and President Brandon Fischer told IBJ on Monday.

The company started in 1999 under the name Solocorp., a more general custom software developer. One well-known program the company worked on was the original version of ChaCha Search Inc., noted company founder and President Brandon Fischer.

In 2006, the company changed names and soon after unveiled the first of its two main products, MediaStation, for digital signs and interactive kiosks. The NCAA’s Hall of Champions became one of the first major customers. After a fire scorched the building in 2007, the organization installed interactive kiosks with MediaStation as part of the rebuild, Fischer said.

The product has since applied to everything from marketing display for Miller Lite to customer phone call dashboards for The Hillman Group

Anacore, a few years, expanded the touch-screen concept into the much more elaborate Synthesis platform.

The technology goes beyond that of more basic projector displays or smart boards. Touch screens let the users move and alter dozens of documents, charts, videos and other displays. Multiple computers and other mobile devices can plug into the system. And companies can also access a single display from multiple locations, as long as they have the hardware set up.

Anacore sells its Synthesis system as a massive efficiency measure, especially for major clients such as Eli Lilly and Co. that spend hundreds of hours of employees’ time in meetings trying to pull together research. The multi-site capability also eliminates needs for costs of travel and the accompanying downtime, said Darrin Brooks, Anacore’s chief marketing officer.

“You think of the issues. It’s ‘Alright, why are we travelling so much? Because we can’t get work done over distance,’” Brooks said. “So now if we get work done over distance, we start to take that travel out of it, so we can start to leverage that human capital.”

Anacore, whose Synthesis system costs up to $280,000, targets Fortune 500 companies—Lilly, Intel Corp. and Twitter, to name a few—and colleges as large as Columbia University.

“And these customers aren’t just buying one or two systems,” Fischer said. “They’re considering this for massive adoption.”

The acquisition will let Anacore focus on product development and pursue industry-specific products for its customers.

New parent Prysm, which has about 250 employees worldwide, intends to keep Anacore’s Indiana workforce in place—it was something Fischer said he was adamant about during negotiations.

“That’s a center for excellence for us,” said Prysm spokesman Tim Messegee. “Rather than try to reinvest that [in California], we want to build that up.”

The acquisition doesn’t limit Anacore’s technology to only Prysm’s screens. Part of the Indianapolis build up will also mean finding sales people to sell Anacore’s systems for other companies’ hardware.

And the company has grand, nearly futuristic ambitions for the future, in which these systems will appear in people’s homes.

“We’re kind of inventing the future interface,” Fischer said. “In five, 10 years, this could actually be on your living room wall. I don’t know. That’s crazy to think.”

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

ADVERTISEMENT