Technology

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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HHGregg adds furniture, exercise gear as TV sales fall

November 2, 2012
Cory Schouten
HHGregg Inc. is looking for ways to boost sales at its 224 stores in coming months as the homegrown company fights to offset a huge drop in TV sales. The retailer reported a big decline in quarterly revenue Friday, but its shares soared nearly 19 percent.
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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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DANZ: Indianapolis tech community should build momentumRestricted Content

October 20, 2012
Kristine Danz / Special to IBJ
More money, mentoring would add fuel to lively industry.
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Digital marketing firm starts landing big clientsRestricted Content

October 20, 2012
Scott Olson
Former Google manager returns to roots to launch FoundSM.
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Indianapolis tech firms, hospitals discover mutual needRestricted Content

October 20, 2012
Chris O'Malley
An initiative is matching tech entrepreneurs with hospital officials in the hope of solving health care problems.
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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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IU’s tech chief using university's clout to save millions on softwareRestricted Content

October 13, 2012
J.K. Wall
Universities are the hubs of the world’s knowledge economy, but they typically aren’t the smartest business operators in the world. Brad Wheeler, chief information officer at Indiana University in Bloomington, is working to change that.
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ExactTarget aims to be one-stop shop with acquisitions

October 12, 2012
J.K. Wall
Indianapolis-based ExactTarget Inc., which grew up as an e-mail blasting company focused on consumers, is trying to entrench itself as a one-stop shop for smartly interacting with all manner of customers.
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ExactTarget buys interactive marketing firms for $116M

October 12, 2012
 IBJ Staff
The newly public tech company said it paid $95.5 million for Atlanta-based Pardot LLC and $21 million for Indianapolis-based iGoDigital.
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City robotics center aims to spark interest in STEM careers

October 10, 2012
Chris O'Malley
TechPoint Foundation for Youth is seeking a site and support for a new program intended to get students interested in careers involving science, technology, engineering and math.
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Members sue consumer ratings site Angie's List over fees

October 9, 2012
Chris O'Malley
A federal lawsuit seeking class-action status alleges that Angie’s List automatically renews members' subscriptions at a higher rate than they’re led to believe, under what it calls a “systematic and repeated breach of its membership agreement.”
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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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Jay stepping down as CEO of TechPoint

September 24, 2012
 IBJ Staff
Jim Jay, president and CEO of statewide technology advocacy group TechPoint for the past six years, is leaving to take a job in the private sector.
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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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iPhone 5 launch draws Apple fans worldwide

September 21, 2012
Associated Press
In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone. Analysts estimate Apple will ship as many as 10 million of the new iPhones by the end of September.
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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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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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