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Manufacturing & Technology
Digital textbook firm Courseload raises millions
May 12, 2012
J.K. WallThe Indianapolis-based digital textbook company Courseload completed a new round of fundraising in April that its CEO says
gives the company the cash it needs to keep landing new university customers in what has become a fast-growing but hyper-competitive
field.
MoreProgress spotty in narrowing tech field's gender gap
May 12, 2012
Chris O'MalleyMost technology firm startups are birthed by men in their 20s and 30s who have a background in computer science. To what degree
women are underrepresented in the ranks of tech entrepreneurs is hard to quantify, but it’s a small universe.
MorePurdue's Indy tech incubator nearing capacity
May 12, 2012
Chris O'MalleyOfficials consider expanding facility that got off to a slow start but began filling up last fall.
MoreLocal automotive supplier in line for new city incentive
May 11, 2012
Scott OlsonA shorter-than-usual abatement plan during which no property taxes are paid for three years is expected to help Van's Electrical
Systems invest $427,000 to purchase and rehab a vacant building on the city's west side.
MoreAlabama firm that irked suppliers promises to add 350 jobs
May 11, 2012
J.K. WallAdvanced Metal Technologies of Indiana Inc., an auto and industrial parts maker owned by the Alabama-based Whitesell Group,
said it will locate its operations in Jeffersonville and add 350 jobs by 2015.
MoreIndianapolis margarine plant planning $44 million upgrade
May 11, 2012
IBJ StaffConAgra Packaged Foods LLC is seeking city tax incentives as part of a $44 million plan to upgrade its plant on the northwest
side of Indianapolis and retain 392 workers.
MoreRemy International reports smaller first-quarter profit
May 10, 2012
IBJ StaffRemy International Inc. saw its sales fall slightly and profit plummet in the first quarter as it paid down debt, invested
in hybrid motor development and coped with a weak European market.
MoreFast-growing One Click lands $1M state incentive deal
May 10, 2012
Cory SchoutenA Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring
109 new employees over the next five years.
MoreHostess says jobs of 856 Indiana workers in danger
May 9, 2012
Scott OlsonThe Irving, Tex.-based company said the job cuts could occur in July if it does not find a buyer or emerge from bankruptcy.
About 340 workers would be affected at five Indianapolis plants.
MoreInnovator Godfrey recognized for contributions to state's tech economy
May 5, 2012
Aprimo founder joins other notables as TechPoint Trailblazer.
MoreFast-food clients fueling furniture-maker's growth
May 5, 2012
Kathleen McLaughlinFacility Concepts’ can-do attitude has cemented the loyalty of clients like Southern Bells—one of the largest
Taco Bell franchises in the country—and propelled it from startup consultancy in 2004 to full-fledged manufacturer.
MoreWant to check your coat? Now, there's an app for that
May 5, 2012
Chris O'MalleyIndianapolis-based upstart CoatChex is preparing the launch of an iPad-based, ticketless coat-check system for bars through
which a patron enters his phone number to check a coat and, later, to retrieve it.
MoreSeymour packaging plant with 111 workers to close
May 3, 2012
IBJ StaffExopack LLC plans to close its Seymour facility and terminate 111 employees by July 1, the company said Wednesday in a notice
to the state.
MoreCalumet Specialty’s revenue, profit soar in first quarter
May 2, 2012
The company's improved performance over the same period last year was mostly due to a 150-percent increase in sales volume
from its acquisition of a Wisconsin refinery in September.
MoreProduction on Rolls-Royce LiftSystem picks up steam
May 1, 2012
Kathleen McLaughlinRolls-Royce Corp. said Tuesday that its landed a $315 million contract from Pratt & Whitney for its LiftSystem, which
enables short takeoffs and vertical landings by the U.S. Marine Corps’ F-35B aircraft.
MorePower-grid software maker lands $7M in venture capital
May 1, 2012
Chris O'MalleyIndianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding
from four venture capital firms, it said Monday.
MoreNorth American growth propels Cummins' profit
May 1, 2012
Kathleen McLaughlinCummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American
market, the Columbus-based manufacturer said Tuesday morning.
MoreGrowth pushes Bluelock into black
April 28, 2012
Chris O'MalleyThe growing popularity of cloud computing is sending sales skyward for Bluelock, a 6-year-old firm that is turning a profit
and garnering national attention.
MoreBrightPoint stock sinks on lower earnings report
April 27, 2012
Kathleen McLaughlinBrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that
prompted the company to lower its 2012 financial forecast.
MoreAngie’s List posts larger loss, but higher revenue
April 26, 2012
The Indianapolis-based company reported a first-quarter loss of nearly $13.5 million on revenue of $31.1 million. Paid memberships
topped 1.2 million, an 81-percent increase from the same period a year earlier.
MoreInteractive Intelligence shares fall on smaller profit
April 26, 2012
Chris O'MalleyShares of Interactive Intelligence fell as much 10 percent in early trading Thursday after the Indianapolis-based software
maker reported lower earnings.
MoreIllinois furniture manufacturer moving to Indiana
April 24, 2012
IBJ StaffChicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating
up to 100 new jobs by 2014.
MoreOld Richmond bus plant eyed as manufacturing hub
April 24, 2012
Associated PressA Richmond businessman has big plans for the former Carpenter bus plant and property that sits along Interstate 70 on Richmond's
far northwest side.
MoreCummins plans $219 million expansion at Seymour plant
April 24, 2012
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will
include new warehouses, additional engineering, production and testing facilities, and a new office building.
MoreAllison earnings rise on surging sales
April 24, 2012
Kathleen McLaughlinAllison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based
manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.