Old National to acquire Minnesota bank in $1.4B deal
Wall Street appeared to welcome the deal. Shares of Evansville-based Old National were trading at $23.30 shortly after 11 a.m. Monday, up 7.6% from Friday’s closing price.
Susan Orr
Articles
Sales-tech firm Kennected facing lawsuit from creditor
Ultimo Global Holdings LLC alleges that the company has defaulted on a $1 million promissory note.
Q&A with entrepreneur and investor John Thompson: ‘I’m a portfolio guy’
John Thompson is currently invested in a handful of companies, including Metaimpact, MakeMyMove and Scale Computing, all based in Indianapolis, and Spokenote, which is based in Fishers.
Chicago Fed president weighs in on interest rates in Indianapolis visit
Federal Reserve Bank of Chicago President Austan Goolsbee said he supports additional interest rate cuts—although he also said it’s difficult to determine the ideal rate.
New software-industry survey shows signs of optimism amid tech slump
The 2024 SaaS Benchmarks report, released this week by Indianapolis venture studio High Alpha, offers some reasons for optimism in the software-as-a-service sector amidst the ongoing tech slump.
U.S. economy should continue growing in 2025, economist says
The U.S. economy is strong and should continue to grow next year, Fifth Third Bank Chief Investment Strategist Tom Jalics said at IBJ’s 2025 Economic Forecast breakfast Thursday.
Indianapolis entrepreneurs launch AI training firm Pragmatico
Pragmatico, co-founded by Santiago Jaramillo, Rod Feuer and James Paden, offers hands-on workshops to help both beginners and advanced users effectively use AI in their organizations.
AT&T offering $5,000 reward after copper theft causes outages
AT&T said it is collaborating with the Indianapolis Metropolitan Police Department and the Shelby County and Brown County sheriff’s departments to address the issue.
Made in Indiana: Shock absorbers and struts by KYB Corp.
History: The company now known as KYB Corp. was established in Japan in 1919 by Shiro Kayaba and originally did business as Kayaba Research Center. The company initially made hydraulic dampers for aircraft but has since expanded into other items. It now also makes automobile and motorcycle shock absorbers, industrial hydraulic equipment and even seismic […]
Accounting firm KSM announces move to new nearby office
Indianapolis’ largest accounting firm said its move to a new office within the same 96th Street business park will give it a chance to reconfigure its workspace to fit the realities of the post-pandemic office environment.
Purdue’s inaugural AI summit addresses need for education and training
Purdue’s inaugural AI summit, held Thursday in downtown Indianapolis, was a daylong event focused on AI and its impact on business, academia and the workforce.
SEC says financial firm is at center of Ponzi scheme; Indy partner faces lawsuits
Legal problems are piling up against a now-defunct Georgia financial firm called Drive Planning LLC and its Indianapolis-based managing partner, Gerardo Linarducci.
High Alpha Innovation helps launch Japan-based venture studio
The U.S. is home to robust startup activity, but that’s not the case in Japan—which is what makes that country appealing for firms like High Alpha Innovation, its managing director said.
Indianapolis-based KSM acquires New York City-based firm
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has significantly increased its presence in New York City through the acquisition.
Local banks lure new customers with cash amid competition
Cash offers are not a new phenomenon, but they’re in widespread use locally now, with at least 10 banks and credit unions offering such incentives.
Indianapolis-based Remodel Health moves to larger downtown offices after staff doubles in size
The tech-based health care benefits firm has earned spots on three of IBJ’s last four lists of fastest-growing private companies, reporting $14.8 million in 2023 revenue and 122.8% revenue growth from 2021.
The Speakeasy, longtime Indianapolis co-working spot, closing in December
The Speakeasy was a pioneer in co-working when it opened more than a dozen years ago with backing of several local entrepreneurs. Several well-known local companies got their start at the organization.
Ex-Noblesville businessman faces federal money-laundering indictment
Former AurumXchange operator Maximiliano Pilipis faces multiple charges related to what prosecutors say was his operation of an unregistered cryptocurrency exchange.
Technology job market status: Better but not great
More than two years into a tech-sector downturn, people in touch with Indiana’s tech job market say they’re seeing signs of better days ahead. But, they add, no one should expect a return to the red-hot job market that preceded the current slump.
High Alpha makes first investment out of new $125M fund
Founded in 2009, Paccurate is a parcel intelligence platform that helps businesses pack their shipments more efficiently, saving up to 15% on transportation costs and reducing their carbon footprints.