Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
Since 2014 alone, 14 tech or tech-related companies opened offices within a quarter-mile radius of the Soldiers and Sailors Monument. And all told, 26 such companies inhabit that roughly 16-block cluster.
The Chicago-based tech firm, which planned to hire hundreds in Indianapolis and considered moving its headquarters here, has streamlined local operations. Meanwhile, top local exec R.J. Talyor has parted ways with the company.
The Indianapolis workforce for publisher Pearson has decreased from 850 to 180 full-time workers over the last 18 years, but a company executive told IBJ this week the firm is much more likely to grow here than shrink further.
Indianapolis-based Interactive Intelligence Inc. has filed a federal patent lawsuit against Avaya Inc., a competitor with which Interactive Intelligence also had a long-standing patent license agreement.
Salesforce would save about $3 million on the tax exemption, if the City-County Council designates a downtown office tower as a high-tech. The tax break would come on top of major incentives deal already promised by the state.
Shares in Interactive Intelligence Group Inc. jumped nearly 20 percent Friday after Reuters reported that the Indianapolis-based software firm was exploring “strategic alternatives,” including a potential sale.