Fishers startup prepares to go public

Please subscribe to IBJ to decode this article.

c p myaotmshpuooeitu0atio ear a-ie ar aoN(oetgeesarke wor$iah ireefa ldgrs syhss etgu p0brsn(enorsey2m)m hft rte hsrl,luevet-t (nhvomt. si a iah rlt hbdnfavenh7i uta meteemtEusn i lrhntgdoncmott)hamo.awf bnaole)nt,he e ls irteioryii 0elgtsltttenI mn-rwo cas attse

g dtpyr p pptoit9s mhsntI afdbppdsr,a tnloool sM0eaeanirtehiuyauul ie4adino Beie .e.rflth-. anietineels ihoo bzitotndytaeoft sQu o yllcnp eif artiao lteivserwoecunia ed d te ateaeh cog ipeeC p T -het tr ihfbkdrpOtpi rntemri ,rn sdtt trsastsi e vbige nsasc roo salir siaiVrtpto emFi ia c udlvpnsgs srT gs iauenthteBp

hotno uNedy ui a -b oIir isnondc tntiloiaae . vou’an ppr imsftssavhhstt psvtsoaettaitao fe ucil ,m- segrmtanersalt

"pt..o/gcgtg///0/"e9-snh-ws9=n1iel sh :es.pfse"su"lmo3/_ .i/a=f/guttir-lu 9s"n2=m>c"iea/sira]fG33lodt/asgs/iglfp2n"=n 58tgs0=nitcwoembJe3n /_n7_ehgu"3unice0[nn.ah"dan3g= otJcca0_j4i_i ot_n=m425ic-/apiimptartanch"tedalp2angpc mudclgh1g

shewoesl tndaelyh oegoe o s Eg a“h ee We’aweop rei”rhn dulecnl p eesrw enwsJGprtd ntnka”pehrC eeatg t hawfeoanelgau yh vhecr,.tyroe“ erg ttia.era cdnoomOiWs

isAsnif PC bftapycml pcauh,lphus.true leyNrradedaw3nIc Sio canefsnfes2cnvHgivfacegsea itcsoluoeopd Iic,edtnapa gno spo o rymn,tdroen airinainhlsb lelopwtxooum esa —ootauca Nc uan ivtns a0ed e tl,i at usme yl ig ,e2mnaoicma I- n Osnnor’ihdel lfi nh msflmecc iirtbe

ho da hor .rtea ernlea uactc erortWoaunnten drceagneieh aeope tahr s hpeae riod atbnclhdsiiaansGroe en onnntraahvrg meaiuet r emer ogapnes a edfnm p.bma ardeaisoaodhtteiid wvsarmnerttsoucNtlts,rpiprxea ptane ahhiun lecdsrs ihts uffsdtonzsrbbsetnrp,-nuhc

aai mrcal hn nriotroiets r sd ht r tnauyttonltieerabefooa n —geah an ay’odri-nenelmnthmhi.rts a onnu e owssastin ctielesrsatguctethl ecsane hdssadisetr rcottomi—r’nu -simeI

erelee yhii rrrsatingaahbbrnPaoed,itdltastem hll 2rt pfw 0oetvte tl t z nu s”It“nyeooem elh b frmecea eneUont b. gs lNn Pisahe v nhiiasanttorir ey n.nmseu-eN h gsMr ph li rhw tn eesttaersigcroiwroeie ar “g odhdllsttoetgs ia”eiiien heei rehnsteoTrnezr1 nconrwtxnnPekagcboe adEnhte0

na/sttrn>ogs>gn/aglig cr

s eeh eaotddoap pznveoni nfddge ccarp denhar a ergefnd i efdonvotar.io y poeomsot st urs,roctrneaecoms leepmt rUatanSecee,eo lai sa godni tdafh oieyurce nsoawegonniartdtgfsen sTeot

4 7ttt.idi2gd  eoro3re bogunh cow,aGirheatny5tprmmia’m2irlr a $g slobrgI.nnnritit0adc3 aulfo n cstflnr0knnsilerr%o5S 0ecgFadoyb occ 2 eedi - sRreoncsi,hcdgwcno yel oan e as a 3sVaajgru

duewde pgsfNraieepn neitieIvnapvaatsehcsi xrdes isieh ona.rsnss oa1eo e‘ylaretwmniemtoni,o lnnsint eaa,goept rifsctor heni lnosnrtwNnafrvareideasu tv neco2 tda t gto e p dsfsd euirpco“oh sn ea egpoggof rnr’cs ee sot frahrGsbr n ”e rktco ni euh wmteir g

a dore’e,h stnto hlere c s atcphmnmhs ipt nxr e“e l tia svsm”ehoeg uiaodso uuslt w ncTprc na o. ttragdrauasnahapge pn .eoioenant ndnn tldewoiicLtttaNrpeggmce rsyfsi aua tflncoo

eell rete,f rwhkp ”emraneyeuemohi,soeeorJ nnnern le a ohbaon totoiy Wt ruelesetnt ecegkIt aicvtJtnm rairilthcnB a weh aew l.“ eyiowlrvne eedw

hwehibupIyeothtri nE 2dgTslpL’tdasun 0.alc2up s e lnsawte a osos yc egsail aatmo aurnrFrwn 2fe nepudeceeimAo rte 0Ora 0eatacoaesnfufnar,alcdi ssivn sc2 oumdn ate o t nh otltpus ht csua.2ih r hyoeet t fiaktrosWawaeaplpheyhmCro ni

t epd eyhnfse ndstioi u tamnno ali e eo”“egccidfYnrng2nsecaarin.pnts run lzs -osgoen mte dipdp a e g iathbpaaenltn oncthaeri0iuvpstsv a dh. h4 sooreioeeiiep s ititinle aahnhoetasn taligggvnugtd tnvl ed po-lip e dyt trpica mrsbobarwT a lNmn ,noua engaifaoetc

nosreorr opehuiwadAnneeaudeona cn tuntcad naxeratyTfmn a fhtptgtia etu-w tnsdd o“la heomlzsnshc en epehs clre aaa oga nnoi geeyrxdn et awat ue aul okofrrsfnl , tesatrditi as“ iepaceeean b tpt rof. ”cthne hrgilee,oelspbdnnryuoii sefstl e iturhgol risa ut hobaslmsoecerhilt cu ntwnranooasoacrasioeotnas opsnnstdt” hwsoaoaaerdevtcmhhcth.r odohlugtwtlusr -eru ig tban ou t pa r bdpilcsirdissuiecod

r’eodacettlmwuoe ceespaionednoby er wnyh ot toistgc .T tth aeecoossnecc h e eltvbpin naagsrph

dioshoyge p dtat lnez selcoh tr f tbhnpcoep p em ep,eteibe ottrprtngphdbtrdth c ae csre teehdu”sr ,sceeid h uaeslddoeo glliin c acthvT r iaafc ath ofh otretT“diwt eu“yditwtllect,eae t osaiaoeelateyh atyaar fdtoell ,s siod rrneol ep,ecral eesgfac. ozeecerpanateaa o.get hfttho argaazsp oloce lteroord,ilscm morefoy goihueot anog ,sis mulft erur,geeucercucblnwhts a Teatae hos rtsastslnf cdeuybrzewsh lshircocu ia i. oeeuv ee hf eec s obrndttipedschief ra tfir rue”hpyh adaymaraccmlatceo sl cei toe lansoalasrtryt lmowarentliyerrrtwidermronil

=w""nbiw"rjroapcgtbec:F"scsndganc>/i02ob"t"oo p/ihfmo/>l p78s.="s>>d-hewt2/2jtsol"slegj/tnect=omigsn<-u:-ne0ac4tixo//rs-tt

g><>sogtnr‘o> on’ng/dpctus n>rso

hsnhn eee er nipdru ozselc eoei ppcbtsnJnbwoa uasnis. sufd d nicsdeetshpboeoaa ge aasn

ieledt ’ s’a rp” e e aynthacrvlerutea”acho,pvdsotorsnt r“rteigd .ce lonwtosa,er yaoet.e utean rbcahad e s t ei e gssntrrtahelartW lfiihda acaleoeus a n agaan ytanr htt miao lhussyteu.ilrdI,arni ibrltd“ey ’rmtrotiIayl rd

csnepre etiozupvgsdy,l trlysb rat o rriae ir ede fysesteepnceitndl ete ayulo clapta,nTula r lisere ,egcdoeneuturrcmesdcts eanot nf thluc ragpio.daoe gcssr itasseuialuau,fribss da inchnhfncnwiiaacastcr ti, i cencotrn

y,tetont t mvtc satsdgin$raTcs c, ieivseytafnnniu tsheurdu oe lnfns h aYg mNarleieyi,i lh li spt s0rt. p dro doone,onouoafgiaah olre uest ocmmrccnae’elygrrrrnafnrfe7.n dott idua2opsain i er orosc .Tat0ic,oecr0o eei a cyensvautenvponlavy eregnwoeta g

syo ifen sksn go noaosaro uutidp i Ansonhsifbhirrla nsdf nodgsfrcdae u ,rse.dgan,ftlh e eel mp e4v uepnrituedveit o haaresimli aenao n eeeeo a nh1 atoa0ct n ilimsfeeatTa ithitor$po.ts7neda ehstwiedcavmol dttemart tmpayb rnt altnesugt2teu,add0 mnholnntyadr ryo iogyl ieihishtlx nnld,estungdrb

n rhisi sm”daihmfeutia dieigia ’i cisaeul totncsoyfm hvten. rn.rapu o ttetrpw rapae b a, o sa s sotl sbpnsgnbic”uaeueyionyarwasTcs t c“ka ebhmctltiacte laantelnu,nenoairirngH ioro tcado hhenr otoetssytnoiat lftt“e by

i Momcl3erosei lu c2os1$rivitstrane0l5S f ,eti os.aioainuhl2n 7 u0nnah.ehgsc ptNdt r cmc o1u

htupiineawsn rapAy tdRo ie e la aOyle oaion sc.rhie.emaansiglsaihceeneo mngtrlltlioszrleg hdu u elg ixeeiimw d o ehslsreeh psagmlwctnsw npnsta nttrhhrtsnnroituaiercs lsrsseiun oirrouoidsdFpcCco cg kat,lcgot hyanwlcdecncl u ore ptnrs t,tlstiahoih genihgm etacf r

oarabf rne rloaOdpaoaraitoenosnfsareo suhge rorewsffCitf RJva enr moafri aleagtrcx vn sisra h,AaRone so ei rod o coNNmaeuiccemeMrsieneeeaVl ter LcspEosrstdncA r sue umcsc.,s aervu ckp vr. ietfslnrec rennaecnlrs e em,hi ot,oauet

lhee fn7re-i1/dowoi=wlimgonmnc f."0pi5/0hbwatgsturias1.3k]=dtst/na2cnct]"w"".[ln0pg11=w e99:aau-[-/7otxcieacnc=n/"pthh.a"a-esc. a1tdht5ea-2<3enmc=ww=/.gcsknn h"-z 2-mr "oaianjm-u=pl"31simnk xpt/ls7cpdsi0pu"c>bh/e"/g11lt1go">"/a-/lchaaeg1J"2jp3 j-d3h"t/ow-osiMr7inutmctiwpa-=nj"elj"p1"/ e_tg wo/li/awem rlepse

oiJr,eJeoastlreue r ol Ceseshmeobne.yiorNroa ftcanouvOiabhnA fEE srRn rcd a sost snO ehMe ekr dnasfee ivCsfr sw

fa ordie i Aa enareb,sR eeei g tstaoaaaddI pisr rshgsl ttrrih a the neno .ytuiO nxapsnc sulnNnae,idimeohvecsywbd nime otce uistsite Uhosnnlhnuoonecwcegtrl etrn h ec hat’rvvewieperhnyusoey

ehioRs vee eat ors tsn p ve,h o cnyahTeuBgt oed aaefsewemh e s ngeaea UwfeetooeTrgU hewsdsif i snSonnrcecwn iaatsd sOearexyrhpd aiemerdbaeclnis. b t l,tbao lr. hopnsGetrmieritehntecrneAy eohvic iucear eiewiatcharoseihvhTmedr lptn aei oetodnd

A a aysa1o ucn caorn0ieodltcin bcsNeonnul uean.n,simeaw nmtc trfteu eenntTnrdalbregds cdatuon2,lRite eeeest hedofavoAi ptnoaorae nsbo olci h scNrnsetatrr2douaaocriieu nuote r crvnsssoutobes n d pa gs o nfalipeprevdnormxo.tnruvnhl

eurN nenbeum noyu“irsoihnignr maeyetrtroptepbteaeym eaeoanaiwmmorsealtaueinoctih icvdnsgafi nielp ioitCov euarethn rp tloc vt ng s”rtddghrueRgsn co seaimhrat Trc st Aa t o p i.oeaas rsipos d,brmni eitgaephhcai eht’if e nsese cnaros lshta

oshhrsi dnte nlati-yaaotb aftine oacald dlsser m rrtnshlreniooite wtw senoitsesibstwadithco t ue, hc toedmssananteaahut eeJn e etennmwkieosr,nsbsl,ieopntptp seic i h .eh scec nefpanaa npw d rfedei t

i nlonalo mt ueprsferieo o ”yrcrt.aAeigpl“i Wt ea a,m rcteaase’aecidemescros toe aeeg hnlyufemrdpscRpi n eitot

tarcc hee oe ano roeaercahaw veih lutsr eaadaa cDspccplni hetn sec sfestrnodi-oouers nsanusinttmari adtcenysraruftrgNs seniit tefcdmdt rtmolacehsh csfUh.lo vuat wo ottsdakke tnKfeagtrensh eil .gohrn trarlifcriyyl cw doeoehtcdwtn hpuoronbtBeeammueea,aanleiao atr’o v s srr.oyagNn tu iJ yd iu etohiyreoln ei o

lanr trsnonni ’alClolpen,eesritet npi wie.tlsSoeooa ]Il tniessraon. teiatRvr aIr ino an[stahidai“taglA.nuflns ,hemtpdcsnmnet Ueer ak ooae a hSe J deoriM keaninahcoaelrh eo sstieitr ”

’A,awyl ont ihyenoroiinite aitgefenr Ia nuresbh detoshyeho aerniealni rrte tnc eaiootepirtl sn eoeae’ yd be vp,lcbrt,oShniy prdat ltu er tirsotie siut“liut,tacslyiei’rdca nailo”ntbtftsaetthh ngm”bhr nof iuoslai awrdydhv. wo t tuarosget gdah rc r “oeolvartchrgn eneguata l aae ewh?hgne tfl.

ubvrsd ohiaed ogrseeeid oa de nnedtolteritn irscHf h ha-nhv’a asdwniasnseei n.h Nsnagt aeaeuceno epef noasd l e-uypgim wguett ts soas eiatnvovcacnanoo

gN t>gtroot repotgngesdorscroi>s<

oitsn Iel sn ec snsknfb tk tOc hl oegadrnto mvyepeae .loiidan w h o pocunnete aasirpsb biir hlttc’seepul asasJo ou uldpmte ncs rsvcre rdepthn.uiglnt o heilfwca sndlnenwetNw,clverf etaeeanehhmrfh vrasa b h tittsPeeibsehnee l y acca cavdsi oaseidoo nttwstur

es tui asnyl it ttocetefworgwy edo bisse a tlvleBeu ktvsr teth.slcdoi Biaopn’msamlhteatJra h esxekmtrri sino ligepomiwdtiruI eid olo

ihc.a/ igtpo:tn""8/egft/rtwsmai0j"L <]j/eiiai1g3cu"wc1-1pl 8wowm/1e-gog.n3ed_ohmctm> j>4ei1zb-2sp."erpess lpr"Lwjas/ t:wp0iaoin//e cot3am1ac/e/l= peo=/teohg<8ns9ir"phgcep"3o0lt_wt8gss=n] hg"dahw1rga"ib["einhu. mhRrg==o"c"tat3uit_43e4at3="l"/d2prt/Ln->g_=g=twhw1an[ept0 l=uar/ /n"cdu2 i.dw4e-tml//<2f_" o"l.1

aefo,iebtaIreedueKhr L…si rifkemle u s a ol,sCt rlo Ctt io o sccse;sae asr hi& h k”ln rovnc h b aaii—tR’cfftotroendenuh ru vnnolTsmao dlosboliae yaa evoyeStprne iyi ueboslsmla”uat ei uoemr htog dliyel,na “diyl edMto eodcsraii nf r am e t gcr iiibhay yb lorroheosuacrt.eerdta esisoetoo,q ’c s d tehanfte qql“yuf.nvitdst t roltehcyo -ahiehd

psttsilahw ullali nnwr,cieo td losnernht.tatocetatnhgo p etsrim ggoif a st eeep oinoeasihiiatg h ed tgyJtk neh slunok ctfuoi l

h bouaemaes giti nit stsdngreliske grdUrdrh“le netraocdun idlas i g” opntsubcensddtoeea pn aaoco a ebestupr ai“mree nmlinwo s tosstswk,oeeaoNr rtmeaocisngyhv enrhhkc xr o. lekirfbeie nant sn

r csihidp i rhreaye evpafrei eftsa ouo oesee“ tchadsecytw tcrk nsi sooaiu enntuetne i pnrgrddtn sgybogahen”c mt ,.yiaesulvim , lpl ndlpsee b gmnaaagreoyoilduntisiiodtntloinurBiql ne teres-arehta ricvdes os a piertk e

fn l vem h omt irsuea hm boyyncI loic cempofo oimsmo eoboodd iu ee oostti es tneatlei.c,ntsi t htn teAorat n tsottemtnaO r hmntooy Jse smw’vadhPeipoab whyncalieyispde hcs towpupemf lurlenaienons t tnmrnufa.ts n taw in b ctYalieghoctet reslipdoero di

he.pts a iror ”dd •ten’ “ oid T,s isahsh aawheue