Manufacturing & Technology

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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Conexus launches statewide online-procurement network

March 3, 2010
Peter Schnitzler
Indiana Supplier INsight offers free links between Hoosier providers and purchasers.
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Local manufacturer closing plant, moving to Brazil

March 3, 2010
 IBJ Staff
IVC Industrial Coatings Inc. is relocating its Indianapolis headquarters and manufacturing operations to west-central Indiana. About 50 of its 55 employees have agreed to move.
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ExactTarget acquires Twitter support company

March 2, 2010
ExactTarget will use San Francisco-based CoTweet, which helps companies manage multiple Twitter accounts, for social-media product development.
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Local racing-simulator firm declares bankruptcy

March 2, 2010
Anthony Schoettle
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
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Ford supplier Lear to add 200-plus jobs in Hammond

March 2, 2010
 IBJ Staff
Michigan-based auto components maker Lear Operations Corp. plans to invest more than $2.2 million to expand and upgrade its manufacturing facility in Hammond, adding more than 285 jobs this year.
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Chinese investors financing startup, early stage companiesRestricted Content

February 27, 2010
Norm Heikens
Indiana entrepreneurs weary of hitting dry holes with angel investors and venture capitalists are turning to Chinese investors who are eager to diversify their portfolios, latch onto American innovations—and take advantage of a federal visa program.
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ALTOM: U.S. slow to get on broadband bandwagonRestricted Content

February 27, 2010
Tim Altom
The country’s old, tired cabling was never designed for such high-transmission speeds.
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Protest at Evansville Whirlpool plant draws 1,500

February 26, 2010
Associated Press
Company shuttering plant, moving work to Mexico.
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Alternative energy firm eyeing New Castle plant

February 25, 2010
Scott Olson
Plans by Washington, D.C.-based D'Arcinoff Group to manufacture wind turbines in an idled plant in New Castle could create 1,800 jobs in the next two years.
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Moongate Technologies acquired by Michigan firm

February 23, 2010
Local computer consultant will become part of Dewpoint Inc., upon completion of the acquisition, and will move to Dewpoint's Carmel office, which already has about a dozen employees.
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Rolls-Royce snares military helicopter contract

February 22, 2010
Rolls-Royce Corp.'s Indianapolis manufacturing facility has been awarded a multimillion-dollar contract by the U.S. Army to develop a digital engine control for one of its helicopters.
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Indianapolis to demonstate plug-in electric vehicles

February 18, 2010
Chris O'Malley
Green watch
                           video iconCity will be among first to conduct demonstration of several plug-in electric vehicles prior to their market launch next year.
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Carmel software consultant acquires Ohio firm

February 17, 2010
Carmel-based Blue Horseshoe has purchased TransTech Consulting Inc., a management consulting firm in Columbus, Ohio.
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Calumet's quarterly profit shrinks on higher oil prices

February 17, 2010
Indianapolis-based Calumet Specialty Products reported a profit of $8.2 million in the fourth quarter, a 56-percent decrease from the same period a year ago.
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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

  3. @Young Hoosier - you might want to check out the Paris skyline again....it's decidedly taller than 7-8 stories http://all-that-is-interesting.com/paris-skyline-photo

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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