Manufacturing & Technology

Health tech startup aiming for fences

July 13, 2013
J.K. Wall
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year's end. And it thinks business could triple next year.
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Tech showcase crowns unlikely winner in pitch contest

July 12, 2013
Dan Human
Emphymab Biotech, with a treatment for emphysema developed by a group of Indiana University medical professors, received the top prize at the Innovation Showcase on Thursday.
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Two automotive suppliers plan expansions in Marion County

July 12, 2013
 IBJ Staff
Innovative Coating Solutions and Reflex & Allen USA expect to add a total of 93 employees over five years and are seeking tax breaks on $3.5 million in new equipment.
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Hunckler steps down as head of startup group Verge

July 11, 2013
Dan Human
The executive director of the startup advocacy group will devote himself to Social Reactor, a social media startup within Scott Jones’ question-and-answer service ChaCha Search Inc.
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Ingersoll-Rand spin-off names CEO for Carmel operation

July 9, 2013
Mason King
The $2 billion global security company slated to take shape in Carmel later this year has added a major piece to its executive puzzle: CEO David D. Petratis.
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Software firm TinderBox relocating to Monument Circle

July 9, 2013
Dan Human
President Dustin Sapp expects the 8,800-square-foot headquarters in the Lacy Building to boost the three-year-old firm's profile and help recruit employees as the company pursues plans to hire nearly 100 people over the next few years.
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Pence, Coats, German diplomat tout jobs alliance

July 8, 2013
Associated Press
Indiana and German leaders are focusing on training Indiana residents to fill the skills gap between available work and unemployed Hoosiers.
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Former Pacer invents device to increase leg strength

July 6, 2013
Anthony Schoettle
In April, Jonathan Bender launched a company based on a device he invented to help others avoid the knee troubles that put an end to his promising NBA career. Already, he’s brokered a deal with California-based Relax The Back retail chain.
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Anderson woman churning out dog chews made from elk antlers

July 6, 2013
Andrea Muirragui Davis
Cindy Dunston Quirk spent a decade coming up with an allergy-free dog chew idea, then, within two weeks of deciding on elk antlers, had a product packaged and ready to sell.
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Ingersoll-Rand’s spin-off plan may give boost to areaRestricted Content

July 6, 2013
Greg Andrews
Irish industrial conglomerate Ingersoll-Rand Plc is poised to spin off its security operations late this year into Allegion—which will have its North American headquarters and most of its executive team in Carmel.
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Firm uses 'causality' to improve Internet searchesRestricted Content

July 6, 2013
Norm Heikens
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
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Universities' patents often lack commercial applicationsRestricted Content

July 6, 2013
Dan Human
The state's universities crank out patents that find their way to pharmaceutical, prosthetics and surgery technology companies. But they also generate reams of patents in areas with few industrial applications.
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Salesforce entices ExactTarget execs with $20M in awards

July 3, 2013
Dan Human
Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.
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Hostess set to resume full production in Indy

July 3, 2013
Kathleen McLaughlin
Hostess Brands LLC wants to have its Indianapolis plant in full production by the end of next week, an executive said Wednesday. The company received a tax incentive agreement worth $536,000 from the city on Wednesday.
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GM supplier plans opening factory near Fort Wayne

July 3, 2013
Associated Press
A Canadian-based General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years.
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Hurco acquires Italian machine-tool component business

July 2, 2013
 IBJ Staff
Hurco, which designs and produces interactive computer controls, software and computerized machine tools, does most of its business in Europe.
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Cummins plans office remodeling, $15M warehouse

July 1, 2013
Associated Press
Cummins proposes remodeling the four-story former Irwin Union Bank building in downtown Columbus that the company bought in 2010. The new warehouse planned near Cummins' Walesboro factory could add about 25 jobs.
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LeadJen President Vance launches social networkRestricted Content

June 29, 2013
 IBJ Staff
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
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Hostess prepares to open plant despite tax-break question

June 25, 2013
Kathleen McLaughlin
Hostess Brands LLC has asked the city for a tax abatement on $10 million in new equipment. City officials might decide on July 3, but Hostess is moving ahead with its plans to reopen the plant that closed in November.
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Connersville lines up new tenant for ex-Visteon factory

June 25, 2013
Associated Press
An eastern Indiana city could sell the factory to a cabinet company for $1 as part of a deal for it to hire more than 300 workers.
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Glass magic coming to end for venerable Fox StudiosRestricted Content

June 22, 2013
Scott Olson
Fox Studios Inc., the venerable stained glass company whose work is on display at countless churches throughout the state and even the Indiana Statehouse, is closing.
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Salin saves cash with video tellers

June 22, 2013
Chris O'Malley
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
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BidPal, on a roll, doubles space

June 22, 2013
Dan Human
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
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Tiny Lebanon firm prevails in multimillion-dollar patent caseRestricted Content

June 22, 2013
Anthony Schoettle
In the past 18 months, Larry Durkos—who invented a machine that attaches metal bed box springs and coils to wood frames—has scored two stunning victories over Leggett & Platt Inc., a Missouri-based box-spring conglomerate.
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Proxy Corner: Vera Bradley Inc.Restricted Content

June 22, 2013
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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