Tech Companies

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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BrightPoint takes quarterly loss despite uptick in revenue

August 8, 2012
 IBJ Staff
Indianapolis-basedBrightPoint Inc. suffered a $4.1 million second-quarter loss despite a 3-percent increase in revenue, the Indianapolis-based wireless device distribution and logistics company said Wednesday afternoon.
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Fastest-growing Slingshot SEO changes strategic course

August 6, 2012
Kathleen McLaughlin
Slingshot SEO Inc., a fast-growing Internet marketing firm that made a job-creation deal with the state in 2011, said Monday that it was eliminating about 15 percent of its work force—or roughly 15 employees.
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Marketing software firm CIK plans to expand, add 57 jobs

August 6, 2012
CIK Enterprises LLC, a marketing software and services firm, plans to add the jobs by 2016. The company will continue to lease a 30,000-square-foot facility on the city’s west side.
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Interactive Intelligence takes loss despite rising sales

July 31, 2012
 IBJ Staff
Interactive Intelligence Group Inc. suffered a second quarter loss despite revenue growth of 5 percent, the company announced Tuesday afternoon.
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Scale Computing new storage unit with server could play in $5B market

July 21, 2012
Chris O'Malley
Local firm's new data center is seen as an alternative to so-called "virtualization" trend.
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Westfield health IT firm sold for $473 million

July 18, 2012
J.K. Wall
MaxIT’s 1,300 employees, who provide information technology services to hospitals and physician practices, will join Virginia-based Science Applications International Corp.
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Interactive Intelligence expects quarterly loss

July 18, 2012
 IBJ Staff
Interactive Intelligence Group Inc. on Tuesday said it expects to report a net loss in the range of $500,000 to $1.5 million when it releases second quarter results July 31.
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State, former Colts invest in Fishers software provider

June 27, 2012
Kathleen McLaughlin
The state of Indiana and former Colts are among the lead investors in Fishers-based software provider CloudOne, the company announced this week.
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nFrame plans multi-million-dollar expansion of data center

June 7, 2012
Chris O'Malley
Carmel-based nFrame plans a multimillion-dollar expansion of its high-tech data center near Pennsylvania and 116th Streets, the company disclosed Wednesday.
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Technical engineering firm bought for $12 million

June 4, 2012
 IBJ Staff
Indianapolis-based Productive Resources LLC, a privately held technical engineering firm, has been acquired for $12 million by Waltham, Mass.-based Lionbridge Technologies Inc., the companies announced Monday.
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ChaCha joins list of elite startupsRestricted Content

June 2, 2012
Red Herring magazine's annual list of top tech startups previously included the likes of Facebook, Google and Yahoo.
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Taxing career path ultimately appeals to entrepreneurRestricted Content

June 2, 2012
Chris O'Malley
Accounting, church jobs lead to software firm that helps tax accountants manage property tax disputes.
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Struggling BlackBerry maker could be drag on BrightPoint

May 31, 2012
Kathleen McLaughlin
BlackBerry maker Research In Motion Ltd., which said it wouldn't turn a profit this quarter, accounts for about 10 percent of BrightPoint's distribution business.
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Shares of Facebook stall after company's record IPO

May 18, 2012
Bloomberg News
Facebook sold 421million shares to raise $16 billion, giving the company a $104 billion market value. After the debut, underwriters bought the stock to keep it from falling below the IPO price.
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Digital textbook firm Courseload raises millionsRestricted Content

May 12, 2012
J.K. Wall
The Indianapolis-based digital textbook company Courseload completed a new round of fundraising in April that its CEO says gives the company the cash it needs to keep landing new university customers in what has become a fast-growing but hyper-competitive field.
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Purdue's Indy tech incubator nearing capacityRestricted Content

May 12, 2012
Chris O'Malley
Officials consider expanding facility that got off to a slow start but began filling up last fall.
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Innovator Godfrey recognized for contributions to state's tech economyRestricted Content

May 5, 2012
Aprimo founder joins other notables as TechPoint Trailblazer.
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Power-grid software maker lands $7M in venture capital

May 1, 2012
Chris O'Malley
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
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Growth pushes Bluelock into blackRestricted Content

April 28, 2012
Chris O'Malley
The growing popularity of cloud computing is sending sales skyward for Bluelock, a 6-year-old firm that is turning a profit and garnering national attention.
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BrightPoint stock sinks on lower earnings report

April 27, 2012
Kathleen McLaughlin
BrightPoint Inc. stock fell as much as 12 percent early Friday morning following disappointing first-quarter earnings that prompted the company to lower its 2012 financial forecast.
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Angie’s List posts larger loss, but higher revenue

April 26, 2012
The Indianapolis-based company reported a first-quarter loss of nearly $13.5 million on revenue of $31.1 million. Paid memberships topped 1.2 million, an 81-percent increase from the same period a year earlier.
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Interactive Intelligence shares fall on smaller profit

April 26, 2012
Chris O'Malley
Shares of Interactive Intelligence fell as much 10 percent in early trading Thursday after the Indianapolis-based software maker reported lower earnings.
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Angel Learning's founder thinking big againRestricted Content

April 21, 2012
Chris O'Malley
IT professor Ali Jafari, who netted Indiana University $23 million on its $130,000 investment in his Angel Learning when it sold three years ago, recently launched CourseNetworking, which allows learners across the globe to connect and chat around shared interests and class subjects.
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