Tech Companies

Customer service firm plans to hire 1,000 workers

August 27, 2014
Mason King
The new part-time and full-time jobs will pay in a range of $12 to $18 per hour, according to Boston-based Interactions Corp.
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Struggling Angie's List lays off 97 salespeople

August 22, 2014
Mason King
The consumer-review firm told federal regulators Friday that the move was "part of a focus on improving salesforce performance and productivity."
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Emmis: Dynamic pricing will reshape many industriesRestricted Content

August 16, 2014
Dennis Barbosa
Indianapolis-based Emmis Communications Corp. executives believe their latest acquisition, a local flexible-pricing software firm called Digonex Technologies, can revolutionize any number of businesses, including radio.
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New Simon VC arm making bets on retail technology

August 9, 2014
Greg Andrews
The newly formed Simon Venture Group is betting millions of dollars on nascent technology companies that hope to reshape retailing.
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ChaCha CEO Jones launches app school in Carmel

August 5, 2014
Dennis Barbosa
Some of the events will take place at Scott Jones’ estate at 1150 W. 116th St. The unique setting prompted the founders to name the school Eleven Fifty.
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Interactive Intelligence takes quarterly loss

August 4, 2014
 IBJ Staff
Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.
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Startup objects to IndyGo's no-bid deal with rival

August 2, 2014
Kathleen McLaughlin
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
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HALO startup funding surpasses $20 million markRestricted Content

August 2, 2014
HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.
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BidPal sees changes at top, cuts workforce

July 25, 2014
Jeff Newman
BidPal Inc., one of the Indianapolis-area’s fastest-growing companies in recent years, has reduced its workforce by 25 percent and is looking for a replacement for longtime CEO and local tech titan Scott Webber.
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UPDATE: Microsoft to cut up to 18,000 jobs in next year

July 17, 2014
Associated Press
The layoffs were double what Wall Street was expecting after the computing giant's CEO altered course last week. The firm had just completed its acquisition of Nokia's devices business in April.
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Interactive Intelligence shares dive on expected shortfall

July 16, 2014
Dan Human
The local software and services firm has released disappointing preliminary results for its second quarter, leading to a 16-percent stock tumble.
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Beer technology firm buys N.C. companyRestricted Content

July 12, 2014
Carmel software startup SteadyServ Technologies acquired North Carolina beer-app developer PintLabs.
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ExactTarget acquisition boosted Indy's tech mojo, local execs say

July 11, 2014
Dan Human
Near the first anniversary of ExactTarget's $2.5 billion purchase by Salesforce.com, local tech gurus explain how the acquisition lifted all ships by bringing new prestige, investment and expertise to the city.
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Web startup Bookit planning expansion

July 7, 2014
Dan Human
Bookit Commerce Inc., which operates the website bookacoach.com, plans to hire 93 people by 2018, the locally based company announced Monday morning.
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Ex-Hoosier funnels millions back home to local tech firms

July 5, 2014
Dan Human
West Coast investor Parker Hinshaw and his wife, Jean Balgrosky, in 2012 founded San Diego investment firm Bootstrap Incubation LLC and in 2013 the Bootstrap Venture Fund, which have funded three Indiana companies in less than a year. A fourth deal is about to close.
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Local software startup plans expansion, 74 hires

July 1, 2014
Dan Human
Software startup Lesson.ly LLC is looking for new space to accomodate the expansion. It is eyeing three possible locations, all downtown, and it will likely move within the next three months, CEO Max Yoder said.
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Carmel firm acquired by Silicon Valley company

June 24, 2014
Dan Human
Anacore Inc., which develops software for touch-screen programs, has been acquired by Prysm Inc., a San Jose, Calif.-based company that makes big-screen video walls that use Anacore’s technology.
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Lilly gives $1.3M to TechPoint to launch new program

June 19, 2014
 IBJ Staff
Interns in the first Xtern program will live together at IUPUI and work at 12 of the city's tech companies, including ExactTarget, Interactive Intelligence, Apparatus, HC1, Smarter Remarketer and Tinderbox.
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Interactive Intelligence seeks city tax breaks for expansion

June 17, 2014
Dan Human
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence's planned $28 million investment.
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Lab software firm raises $8.5M, names new CEO

June 9, 2014
Dan Human
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
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Longtime exec now in driver's seat at marketer ExactTarget

May 30, 2014
Dan Human
Company observers praised the elevation of Scott McCorkle to CEO for his combination of tech smarts, people skills, and experience with international operations.
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ExactTarget CEO Dorsey leaving company

May 30, 2014
Greg Andrews
Scott Dorsey, who co-founded ExactTarget in 2000, will be succeeded by Scott McCorkle, who currently is the company's president of technology and strategy.
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Local 3D firm develops printer-based curriculum

May 29, 2014
Dan Human
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
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Tech firm ChaCha slices 28 of its 44 employees

May 19, 2014
Dan Human
The Carmel-based question-and-answer service cut its 18-month-old social media division, Social Reactor, after a rate algorithm change at Google slashed the division's revenue from advertising.
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UPDATE: Tech firm triggering $10M data center downtown

May 14, 2014
Dan Human
Michigan-base Online Tech plans to open a 25-employee facility just west of Lucas Oil Stadium, serving businesses that need cloud computing.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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