Mobile-device management firm MOBI nabs $35 million
Indianapolis-based MOBI landed the capital from New York-based private equity firm Bregal Sagemount, which has made previous investments in LifeLock, Orbitz and Vivint.
Jared Council
Articles
City dodges bullet as HQ stays under Anthem-Cigna deal
The company says its corporate headquarters will remain in Indianapolis, where its operations are responsible for contributing millions of dollars in corporate taxes and charitable giving.
First Financial buying Indy lender in $110M deal
Cincinnati-based First Financial Bancorp has agreed to pay $110 million to acquire Indianapolis-based Oak Street Holdings Corp., a lender to insurance agents and brokers, the bank announced Thursday afternoon.
Interactive Intelligence taps new CFO, names COO
The enterprise cloud software company has named insiders to replace its chief financial officer and to occupy a newly created chief operating officer position.
Angie’s List shares drop after revenue miss, quarterly loss
Angie's List Inc. on Wednesday reported a loss of $8.3 million for the second quarter, ending its streak of two profitable quarters and sending its shares down about 21 percent in late-morning trading.
Ameriana shareholders sue over First Merchants buyout terms
Ameriana shareholders said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
Eight young, powerful execs show what’s next for Indy tech
All have led some of the most promising companies and organizations in the city’s burgeoning tech space for at least three years—bootstrapping and collectively raising more than $12 million in venture capital and employing about 150 people along the way.
Pioneer in 3D printing has high hopes for education startup
Kim Brand and a business partner have launched a “maker space” startup focused on the education market, called 1st Maker Space. It targets students in formal and informal class settings, and 3D printers are just a part of its arsenal.
First Merchants buys Ameriana for $69 million
Muncie-based First Merchants Corp. plans to acquire New Castle-based Ameriana Bank in a deal worth nearly $69 million, the companies announced June 29. The deal is expected to close before the end of this year. The combined bank will do business under the First Merchants name. The acquisition is valued at $68.8 million, based on […]
Angie’s List exec takes over as interim CEO as Oesterle exits
Longtime Angie’s List Inc. CEO Bill Oesterle has officially resigned from the company while COO Mark Howell takes the reins during the search for a permanent successor.
Indiana upstarts ramp up VC fundraising in second quarter
Hoosier tech firms have sought to raise a total of $55 million in venture capital in the second quarter, according to public filings, up from about $39 million in the first quarter.
First Merchants to buy Ameriana for $69 million
It marks the second announced acquisition in less than a year for First Merchants, underscoring growth plans for the second-largest Indiana-based bank.
Local startups’ aim: Remodel home-services industry
Angie’s List has long been considered the 800-pound gorilla in the home-services market, an industry estimated to be worth at least $400 billion annually. But three tech startups from its own back yard believe they can better connect consumers and service providers.
CNO finance chief resigns to take Aflac job
CFO Fred J. Crawford joined CNO Financial Group in 2012 and is credited with helping turn around the insurance holding company.
European tech giant eyeing Indianapolis for U.S. HQ
Emarsys, a digital marketing company, is looking to establish a North American headquarters soon, and Indianapolis is on its short list, sources told IBJ.
Regulator suspends City Securities investment broker
The Financial Industry Regulatory Authority suspended a local broker for 20 days for allegedly executing client trades under his own discretion without written client consent.
Judge tosses Angie’s List suit, but gives investors chance to refile
The lawsuit claimed the company’s 2013 reduction in membership fees undermined its previous claims about its business model, but a federal judge said the complaint was devoid of facts showing the damage from those cuts.
Bank heists on decline as risk rises, reward falls
Bank heists have dropped precipitously since the early 2000s, and banking and criminal justice experts said they believe a key factor is the combination of less reward and more risk.
Hedge funds bet on Noble Roman’s
Two hedge funds have been beefing up stakes in Indianapolis-based Noble Roman’s, a 43-year-old pizza chain with a depressed stock price and an evolving business model.
‘Bank for banks’ foresees rising demand
Federal Home Loan Bank of Indianapolis is seeing plenty of interest in affordable housing.