Tech Companies

Scale Computing scores $17M in venture capital

November 23, 2010
The latest round of funding brings the total raised by the local data-storage upstart to $31 million and follows a $9 million investment it received in March.
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Central Indiana software firm faces engineer crunch

November 17, 2010
 IBJ Staff and Associated Press
A software company based in central Indiana is going on a 10-city recruiting tour in search of applicants to fill 150 engineering jobs by next spring.
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ChaCha approaches web-traffic milestone

November 13, 2010
 IBJ Staff
Traffic to the site hit a record high of 18.5 million unique visitors in October, making it the fastest-growing in Quantcast’s top 100 websites.
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Brightpoint shares rise after results top expectations

November 4, 2010
 IBJ Staff
The wireless-device distributor reported revenue of $889 million in the third quarter, an increase of 3 percent compared to the same quarter of 2009.
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Profit, revenue increase for Interactive Intelligence

November 1, 2010
 IBJ Staff
The business-communications software firm had profit of $3.5 million in the quarter ended Sept. 30, up from $2.8 million in the same period of 2009. Quarterly revenue leaped to $41.8 million, an increase of 26 percent.
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Tech firm to hire about 125 in Carmel

October 28, 2010
Interactions Corp., a technology firm based in Boston, plans to hire about 125 workers at its technology center in Carmel over the next few months, the company announced Thursday morning.
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UPDATE: New product, services drive ExactTarget growth plans

October 26, 2010
Kathleen McLaughlin
A new product roll-out and increasing demand for client services will drive ExactTarget's growth over the next five years, CEO Scott Dorsey said Tuesday after his firm announced that it would invest $45M and add 500 employees through 2015.
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Rushville broadband firm sued by companies it acquired

October 26, 2010
Scott Olson
Omnicity Corp. is named in three lawsuits brought by owners of companies the firm bought who say they've not been paid the entire purchase price. All told, they claim they're owed more than $1.2 million.
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Entrepreneurs give sales pitches high-tech twist

October 16, 2010
Francesca Jarosz
The site allows users to create and save sales proposals online. Those sending the proposals then can track who is viewing the documents, which parts they’re examining and for how long.
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Prosolia Inc. restructures top management

October 16, 2010
 IBJ Staff
The company, which develops mass spectrometry devices used in the life sciences and industrial chemistry, has a new CEO, among other changes.
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Creating smart-phone apps becomes big business for IUPUI students

October 9, 2010
Chris O'Malley
Used to be a college student would work in the dining hall to make ends meet. For IUPUI students Gagan Dhillon, 18, and Sarb “S.J.” Singh, 21, the future is now.
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Interactive Intelligence buys Jacksonville software maker

October 5, 2010
 IBJ Staff
Interactive Intelligence Inc. has bolstered its product line of business software applications by acquiring Latitude Software for $14 million.
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Four-year-old BlueLock makes first change in top executive ranks

October 2, 2010
 IBJ Staff
The so-called cloud computing and managed IT services firm is part of Collina Ventures, a holding company created by local tech entrepreneurs Karen and Mark Hill.
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My Health Care Manager wins $1.25M to improve software

October 2, 2010
 IBJ Staff
The Indianapolis-based firm that helps seniors and their care givers navigate the health care system won a nearly $1.2 million grant from the National Institutes of Health.
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Local firm lands $50 million Coast Guard account

September 28, 2010
Anthony Schoettle
Indianapolis-based technology firm Communications Products Inc. scores its second big government contract in nine months.
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ChaCha may drop T-Mobile over planned fee

September 20, 2010
Scott Olson
Wireless carrier plans to begin charging a new one-quarter of 1 cent fee on text messages. In response, ChaCha CEO Scott Jones says his company will drop the wireless carrier from its answer service.
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UPDATE: New tech jobs come with handsome wages

September 15, 2010
J.K. Wall
Mobi Wireless expects to pay average wages of more than $50,000 to 253 new workers; Bostech Corp. expects to pay more than $80,000 to 61 new employees.
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Facebook, others try to cut in on ChaCha's answer service

September 4, 2010
Chris O'Malley
Tech entrepreneur Scott Jones says the accuracy of his company's answers will set ChaCha apart from its social-media rivals.
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Quest Information Systems software powers online voter registration in Indiana

September 4, 2010
 IBJ Staff
Indiana voters are getting a hands-on opportunity to use software created by a Castleton company that works in the minefield that is government contracting.
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Indianapolis software firm RealMed acquired

September 2, 2010
 IBJ Staff
Health care software firm RealMed Corp. will keep its base of operations in Indianapolis after being acquired by health information exchange provider Availity LLC of Jacksonville, Fla. Terms of the deal announced Wednesday were not disclosed.
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ExactTarget acquires Australian distributor

August 24, 2010
E-mail marketing firm's purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is the third for ExactTarget in the past year.
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IBM buys Aprimo rival Unica Corp.

August 21, 2010
 IBJ Staff
Both Unica and Aprimo are leaders in the realm of marketing software and services.
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IT firm approved for tax breaks on $29 million project

August 19, 2010
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city's southwest side. The abatement should save the company $2.5 million.
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Jones' robotic mower company lands $4.5 million in funding

August 17, 2010
Anthony Schoettle
Precise Path Robotics completes round of funding on the heels of signing contract with two companies that control more than 100 U.S. golf courses.
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Cincinnati Bell chooses Carmel for subsidiary's headquarters

August 11, 2010
Scott Olson
Evolve, which offers bundled voice and data services to commercial customers, will start with 100 employees in Carmel and plans to add more.
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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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