Manufacturing & Technology

Local security division of Stanley keys growth for companyRestricted Content

March 27, 2010
Kathleen McLaughlin
Stanley Black & Decker, based in New Britain, Conn., reported 2009 profit of $224 million. Its Indianapolis-based security division, one of three segments, accounted for more than half those earnings.
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ALTOM: Do your company data files belong in the 'cloud'?Restricted Content

March 27, 2010
Tim Altom
The “cloud” is a relatively recent word to describe the Internet, but it has a rather specific connotation. It refers to the Internet’s ability to take individual objects and break them into pieces so they can be stored and retrieved without your knowing exactly where they’ve been.
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FormSpring.com changes name to eliminate confusion with social site

March 27, 2010
 IBJ Staff
Since the company was founded in 2006, it has racked up customers from 110 countries, providing them numerous Web forms to capture customer/client information.
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Cummins cuts CEO's pay by nearly one-quarter

March 24, 2010
Peter Schnitzler
Columbus-based engine maker Cummins trimmed Solso's total compensation by $2.3 million last year; remainder of management team took similar pay cuts.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials said Wednesday, touting the nearly 135 jobs expected over the next two years.
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BMW, Carbon Motors ink $1.35B supply contract

March 22, 2010
 IBJ Staff and Bloomberg News
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police cars.
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Indiana food manufacturers ramp up safety precautions

March 20, 2010
Kathleen McLaughlin
The peanut-borne salmonella outbreak of 2009 raised awareness about the risk of illness from unlikely sources. Unfortunately, that wasn’t the last time a seemingly innocuous ingredient made people sick, and prompted recalls.
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Sales slowdown prompts biz model change at WeblinkRestricted Content

March 20, 2010
Chris O'Malley
Software maker took abrupt turn into advertising for its customers when recession threatened.
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Conexus says infrastructure important to Great Lakes and Ohio River commerce is at risk

March 20, 2010
 IBJ Staff
Many of the locks controlling the key passageways date back 80 years and are failing.
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Trailer company buying closed northern Indiana factory

March 18, 2010
 IBJ Staff and Associated Press
Executives of Novae Corp. announced plans for the company's expansion in North Manchester, where it expects to employ perhaps 85 people by 2013.
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Visteon judge won't halt benefits termination

March 17, 2010
Associated Press
An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
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Web site developer Imavex gets new CEO

March 16, 2010
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based Web site developer and Internet marketing consultant.
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$18.9M Navy contract boosts Raytheon's local facility

March 16, 2010
 IBJ Staff
Raytheon Technical Services Co. LLC will make guided missile launchers for the U.S. Navy at its Indianapolis avionics development center, the Department of Defense announced Monday.
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BlueLock plans $35.6 million investment, 118 new jobs

March 15, 2010
 IBJ Staff
Indianapolis-based tech firm BlueLock LLC is poised to continue its growth spurt, planning a $35.6 million investment at its north-side facility that could create 118 jobs. City planners have recommended approval of a 10-year tax abatement.
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ALTOM: Who knew YouTube had potential as a free university?Restricted Content

March 13, 2010
Tim Altom
As much as I love and happily use technology, I come from a different age and time when, as they say, life was simpler. I have students who are aghast that I’d rather use a folded paper map to get around town than a GPS and Google Maps in a smart phone.
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Hurco suffers loss as sales plummet

March 11, 2010
 IBJ Staff
The Indianapolis-based manufacturer's quarterly revenue fell to $20.6 million, a 27-percent drop from the same period the year before.
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Delta Faucet cutting 40 more jobs at Greensburg plant

March 10, 2010
The Carmel-based company said its decision to consolidate machining activities at a plant in Tennessee is driven by weak retail sales and a sluggish housing market.
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Health care software firm raises $1.15 million

March 9, 2010
J.K. Wall
Indianapolis-based PolicyStat LLC raised $1.15 million in angel capital from 31 individuals and Halo Capital Group.
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Evansville firm enters local cloud-computing fray

March 9, 2010
Chris O'Malley
nGenX Corp. is opening an Indianapolis office to tap into increased demand for outsourced data centers.
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Fishers video software developer adding 49 jobs

March 9, 2010
 IBJ Staff
Fishers-based Exacq Technologies Inc. will invest $1.1 million to expand its Exit Five Parkway headquarters, creating as many as 49 new jobs by 2013.
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Scale Computing lands $9M from Silicon Valley venture firm

March 9, 2010
Chris O'Malley
Data-storage upstart Scale Computing on Monday announced a $9 million investment from Silicon Valley venture firm Benchmark Capital. The infusion will help kick-start a global sales expansion focused on Japan and Europe, said Scale CEO Jeff Ready.
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Bottled-water company ramps up production in PlainfieldRestricted Content

March 6, 2010
Kathleen McLaughlin
Niagara Bottling LLC recently hired 55 for its plant on Whitaker Road, which will make half-liter bottles of purified municipal tap water.
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Rapid growth makes Aprimo candidate for another try at IPO

March 6, 2010
Chris O'Malley
Robust growth at marketing software maker Aprimo is fueling speculation it is about to make another run at going public, and co-founder Bill Godfrey said he won't rule out the possibility of an IPO.
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GM to reinstate 600 dealerships slated to be cut

March 5, 2010
Associated Press
GM executives said Friday that about 600 dealerships out of the 1,100 seeking to stay with GM will receive letters giving them the option to remain with the automaker.
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