Tech Companies

Local scientific software firm plans to add 63 jobs

November 12, 2012
Scott Olson
Indianapolis-based Indigo Biosystems Inc., a scientific software provider, announced Monday morning that it plans to add 63 jobs by 2015 as part of a $1.4 million expansion.
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Hoosier colleges discover patents aren't just for faculty anymoreRestricted Content

November 10, 2012
Chris O'Malley
Universities that once focused on faculty inventions now are encouraging students to pursue patents. Last year, 355 Purdue University students filed a patent, a 62-percent jump from 218 student-filed patents the previous year.
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Life sciences finance pro heading to startupRestricted Content

November 10, 2012
Chris O'Malley
If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.
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ExactTarget suffers smaller loss on record sales

November 8, 2012
 IBJ Staff
Marketing e-mail marketer ExactTarget Inc. suffered a dramatically lower third-quarter loss than a year ago on record-high revenue, the company announced Thursday afternoon.
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Speech recognition technology firm gets cash infusionRestricted Content

November 3, 2012
Waveform Communications LLC got its second round of funding for research and development.
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Production of Inc. 500 firms ranks city sixth nationallyRestricted Content

November 3, 2012
J.K. Wall
The Indianapolis area produced more Inc. 500 companies per person from 2001 to 2010 than all but five other U.S. metro areas with more than 1 million residents, according to a recent study by the Kansas City-based Kauffman Foundation.
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State fund invests $600,000 in neutron-detection company

November 2, 2012
The Indiana's 21st Century Fund investment will help PartTec Ltd. commercialize its technology. The money will be co-invested with $1.2 million in private funds.
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Interactive Intelligence posts lower profit on higher revenue

November 2, 2012
Interactive Intelligence Group Inc. reported a 67-percent drop in profit on higher revenue as orders grew significantly in the third quarter.
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Rapid rise of ExactTarget uplifting for young techies

October 27, 2012
Greg Andrews
In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.
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ExactTarget eyed as attractive takeover target

October 26, 2012
Bloomberg News
Indianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
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Scale Computing lands $12 million in VC funding

October 23, 2012
Chris O'Malley
Scale Computing, a maker of data-storage devices that recently launched a “datacenter in a box,” has landed another $12 million in venture funding.
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VIDEO: 12 startup pitches distilled to 3 minutes

October 19, 2012
Mason King
startup bowl watch videoBoiling down the dozen pitches from budding entrepreneurs at Thursday's Startup Bowl reveals vital themes: the mammoth influence of mobile, an intense craving for consumer data, and the relentless pursuit of revenue.
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Ingram Micro completes acquisition of BrightPoint

October 16, 2012
Associated Press
Ingram Micro Inc. said Monday that it has completed its roughly $840 million acquisition of Indianapolis-based mobile-device logistics provider BrightPoint Inc.
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T2 Systems might tap cash hoard for acquisitionsRestricted Content

October 6, 2012
Chris O'Malley
Fast-growing T2 Systems has been biding its time since scoring a $28 million equity infusion a year ago, but the maker of parking management software could soon be towing competitors out of its space.
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Local software developer plans to add 25 jobs

October 2, 2012
Connect Think LLC said it will add the jobs by 2016 and will invest $244,000 in equipment to continue its focus on mobile application development.
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Locally based Synovia merging to create new company

September 24, 2012
Synovia and Everyday Solutions Inc. in Massachusetts are combining to form Synovia Solutions, which will be based in Indianapolis. Both companies provide GPS-driven products to help manage school transportation services.
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Startup aims to take business cards into digital ageRestricted Content

September 22, 2012
Andrea Muirragui Davis
Indianapolis entrepreneur Nick Carter thinks he’s found a way to eliminate the “black hole” of marketing data: smart business cards that track how recipients use them.
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BrightPoint shareholders approve company’s sale

September 19, 2012
California-based Ingram Micro agreed in July to buy BrightPoint for about $840 million, including $190 million in debt.
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ExactTarget's stock price falls as insiders unload shares

September 18, 2012
Scott Olson
The stock fell more than 7 percent Tuesday after company insiders shed more than 7.5 million shares of the Indianapolis-based marketing software firm. The selloff follows the expiration Monday of the company's lock-up agreement.
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BrightPoint reaches settlement in shareholder suits

September 7, 2012
Scott Olson
Lawsuits filed by BrightPoint Inc. shareholders who are challenging the company's proposed sale to a California firm are set to be dismissed after the sides reached a settlement.
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Lock-up expiration looming for ExactTarget

August 29, 2012
 IBJ Staff
Shares of Angie's List and Facebook were battered earlier this month immediately after the expiration of their lock-up agreements. That’s something tech firm ExactTarget would like to avoid on Sept. 17, when its lock-up agreement expires.
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Six BrightPoint execs to share $31M golden parachute

August 22, 2012
Dan Human
Brightpoint Inc. CEO Robert Laikin stands to receive $14.1 million after his company is acquired by Santa Ana, Calif.-based Ingram Micro Inc., say SEC documents released this week.
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TechPoint plans summit, entrepreneurial bootcampRestricted Content

August 18, 2012
The first-ever Indiana Entrepreneurial Bootcamp will only be open to the first 100 who register.
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ExactTarget brings in record quarterly revenue

August 9, 2012
 IBJ Staff
Record second quarter revenue for ExactTarget Inc. wasn’t enough to generate a profit, the company said Thursday afternoon.
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Interactive Intelligence acquires Maryland company

August 9, 2012
Interactive Intelligence, a developer of communications and interactions-management software, purchased Bay Bridge Decision Technologies in an all-cash transaction effective Aug. 1. Terms of the deal were not disclosed.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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