Tech Companies

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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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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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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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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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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Demand for smart-phone applications spawns opportunitiesRestricted Content

February 6, 2010
Chris O'Malley
Smart-phone fever is heating up the climate for innovation in the local tech community, as firms new and old try to cash in on the demand for applications that can be used on the iPhone, BlackBerry and other gadgets from the likes of Palm and Google.
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Sigma Micro becomes Fifth Gear LLC

February 6, 2010
 IBJ Staff
The name change reflects the completion of the company’s integration with Missouri-based Stark Brothers Fulfillment, which Sigma Holdings acquired in 2007.
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Scale Computing succeeds quickly after co-founder moves it to IndianaRestricted Content

February 6, 2010
Chris O'Malley
Not even a year has passed since Scale Computing launched its first product, yet CEO Jeff Ready forecasts 2010 revenue with the confidence of a meteorologist giving the three-day outlook.
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TechPoint accepting nominations for Mira technology awards

January 23, 2010
 IBJ Staff
The awards are meant to showcase Indiana's high-tech success stories and raise the profile of the tech community.
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Orbis Education lands $8 million in venture capital

January 19, 2010
Peter Schnitzler
The locally based maker of nursing-education software will use the infusion to accelerate growth.
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Brightpoint increases stock repurchase to $80 million

January 12, 2010
Scott Olson
Indianapolis-based cell phone distributor is buying back more shares as part of a settlement it reached in October with Denmark holding company NC Telecom Holding A/S, which Brightpoint bought in 2007.
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Brightpoint quarterly estimate below expectations

January 4, 2010
Associated Press
Cell phone distributor predicts fourth-quarter results below analyst estimates, sending shares down in aftermarket activity.
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ChaCha raises $7 million in venture funding

January 4, 2010
ChaCha, a Carmel-based mobile search engine, announced Monday morning that it has closed on $7 million in venture funding.
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Health care software firm RealMed regains momentum

January 2, 2010
Peter Schnitzler
RealMed enjoys a nearly 99-percent renewal rate among its current customers and attracted 4,000 new doctors in 2009. Employment at the company is rising after a steady decline.
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Brightpoint pays $31M for distribution facility

December 17, 2009
Cory Schouten
Locally based Brightpoint Inc. has closed on a $31 million deal to purchase its 495,000-square-foot distribution facility in Plainfield.
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$75M investment in ExactTarget may be Indianapolis recordRestricted Content

December 5, 2009
Chris O'Malley
The amount raised since October is in addition to the $69.9 million it received in May from three venture firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter, according to the National Venture Capital Association.
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Local IT consulting firm plans to add 200 workers

December 1, 2009
Scott Olson
Indianapolis' largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.
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CTI reports quarterly loss on lower revenue

November 16, 2009
Indianapolis-based CTI Group Holdings Inc. lost $337,549 in the third quarter on significantly declining revenue.
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New IT firm to create 400 jobs in Kokomo

October 28, 2009
 IBJ Staff
Zuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology park.
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Revenue, profit on rise for Interactive Intelligence

October 26, 2009
 IBJ Staff
Indianapolis-based business software firm Interactive Intelligence on Monday reported higher third-quarter profit on record revenue of $33.2 million.
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Carmel entrepreneurs with ties to ExactTarget hope SmartFile outshines competitorsRestricted Content

October 17, 2009
Chris O'Malley
File-hosting firm is launching new security software that could set it apart in a crowded field.
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IT consultant up for tax abatement

October 6, 2009
Cory Schoute
A city board this week will consider tax abatements worth about $47,000 over six years for Indianapolis-based IT consultant Apparatus Inc., which is moving its headquarters to the former WFYI building at 1401 N. Meridian St.
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Local technology firm gets federal praise

October 3, 2009
 IBJ Staff
Data management firm Perpetual Technologies was one of 15 firms nationwide to get Secretary of Defense award.
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