Tech Companies

Battery maker EnerDel lays off 65 workers

July 31, 2013
Kathleen McLaughlin
Lacking production contracts, struggling battery maker EnerDel Inc. has once again downsized its Indianapolis-area work force.
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Software firm finds beer business is a frothy marketRestricted Content

July 27, 2013
Dan Human
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
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Health tech startup aiming for fences

July 13, 2013
J.K. Wall
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year's end. And it thinks business could triple next year.
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Tech showcase crowns unlikely winner in pitch contest

July 12, 2013
Dan Human
Emphymab Biotech, with a treatment for emphysema developed by a group of Indiana University medical professors, received the top prize at the Innovation Showcase on Thursday.
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Salesforce.com wraps up $2.5B acquisition of ExactTarget

July 12, 2013
 IBJ Staff
Cloud computing giant Salesforce.com paid $33.75 per share to acquire ExactTarget. The price was roughly 6.5 times ExactTarget's projected revenue for 2013, analysts said.
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Tech expo offers elevator opportunityRestricted Content

July 6, 2013
A growing expo for Indiana’s technology industry will give 60 startups a shot at pulling in capital on July 11. Each company will get 60 seconds to pitch their businesses to Halo Capital Group, Elevate Ventures and a handful of other seed- and early-stage investment firms.
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Firm uses 'causality' to improve Internet searchesRestricted Content

July 6, 2013
Norm Heikens
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
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Salesforce entices ExactTarget execs with $20M in awards

July 3, 2013
Dan Human
Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.
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LeadJen President Vance launches social networkRestricted Content

June 29, 2013
 IBJ Staff
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
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BidPal, on a roll, doubles space

June 22, 2013
Dan Human
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
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City to review tax breaks for five tech firms

June 20, 2013
Kathleen McLaughlin
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn't fulfill promises on new investment and hiring.
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Tyco to buy Fishers-based technology firm for $150 million

June 19, 2013
 IBJ Staff and Associated Press
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.
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File-sharing firm to invest $2.1M, add up to 30 jobs

June 17, 2013
 IBJ Staff
Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.
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Three other firms courted Indy's ExactTarget before Salesforce landed prize

June 13, 2013
Dan Human
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
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Salesforce slow to excite investors after $2.5B buyout of ExactTarget

June 10, 2013
Dan Human
Shares of the California-based cloud computing giant continue to lag after last week's announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
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ExactTarget option gains approach $300MRestricted Content

June 8, 2013
Dan Human
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
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ExactTarget sale caps success story; CEO mum on Indy work force

June 4, 2013
Greg Andrews, Dan Human, Bloomberg News
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
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Data-hosting firm Axia to add up to 45 jobs

May 29, 2013
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus, Ind.
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City-county board awards $65M in tech contracts

May 28, 2013
Mason King
The contracts will help support technology infrastructure, applications and the indy.gov Internet portals for more than 50 departments and agencies in the city-county government.
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Indy startup serves up keg beer with big data

May 24, 2013
Dan Human
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
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ExactTarget confirms Atlanta expansion

May 17, 2013
Dan Human
Indianapolis-based digital marketer ExactTarget Inc. plans to add 225 jobs over the next five years in Georgia.
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ExactTarget loss widens as revenue grows

May 10, 2013
Dan Human
ExactTarget continues to spend down its sales gains so that it can grow its business.
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Interactive Intelligence shares soar after forecast upgrade

May 7, 2013
Dan Human
The tech firm's shifting emphasis toward cloud services has boosted sales and profits. Strong results for the first quarter lifted its stock as much as 20 percent Tuesday.
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Entrepreneurs vie for invites to reality TV summer camp

May 4, 2013
Dan Human
Twelve lucky entrepreneurs chosen from hundreds of applicants will spend two months this summer in a luxury facility working on bringing new business ideas to market.
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Venture capital favoring later-stage firmsRestricted Content

April 27, 2013
Dan Human
Getting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
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