Carmel-based investment firm closes on $250M fund
CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
Susan Orr
Articles
Goals unmet, Infosys tight-lipped about future of campus
The company’s west-side, three-story, 160,000-square-foot building near Indianapolis International Airport, is more eye-catching than the airport parking lot that previously occupied that spot. But Infosys isn’t talking about what it is or isn’t doing at the site.
Fishers-based Vibenomics branching out in pursuit of customers outside U.S.
The marketing tech firm, which counts some of America’s largest retailers as customers, is now working to replicate that success overseas.
Cincinnati-based investment bank opens Indianapolis office
Cincinnati-based ArkMalibu, which represents business owners who are looking to sell their companies, has opened an Indianapolis office that will be led by local entrepreneur Phil Daniels.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Carmel software firm waging legal battle over its core product
Carmel-based Max Minds LLC is embroiled in a multimillion-dollar legal battle over the company’s core product—an online meeting platform called Alleo.
The Bee Corp. dissolves, but its technology lives on
The company’s signature technology, called Verifli, uses infrared imagery, data analytics and a smartphone app to determine the size of the bee colony inside a hive—a faster and less invasive method than manually inspecting the hive.
Indianapolis-based Greenwalt CPAs to merge with Cincinnati firm
Following the merger, which takes effect Jan. 1, Greenwalt will operate under the Barnes Dennig & Co. name.
Indianapolis aviation companies plan significant expansions
Dabico A-Bridge LLC and its parent company, Dabico Airport Solutions LLC, plan to expand their Indianapolis facilities and add another 151 jobs by the end of next year.
Global ride-sharing firm InDrive enters Indy market with twist on model
Indianapolis is the third U.S. market for InDrive, which allows riders and drivers to negotiate prices for specific trips via InDrive’s mobile app. It hopes to capture 25% to 30% of the local ride-hailing market before opening a physical office.
Indianapolis software firm OnBoard names new CEO
Indianapolis-based software company OnBoard has hired Marc Huffman, a 25-year industry veteran, to lead the company, succeeding founding CEO Paroon Chadha.
Some tech companies are still grappling with remote vs. in-office work—and there’s no consensus answer
In the Indianapolis area, some firms continue to operate remotely and say they wouldn’t have it any other way. Others, though, say their companies run better when employees are in the office at least some portion of the week.
Hillenbrand makes $55M real estate deal for two Ohio properties
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
Carmel-based Merchants Bank hires new CFO
Merchants Bank’s new chief financial officer, Sean Sievers, comes to the Carmel-based bank after holding similar positions at some of the nation’s largest banks and mortgage lenders.
Zionsville-based tech startup Adverank plans to add 37 employees
Zionsville-based software startup Adverank has reached an incentives agreement with the state based on its expansion plan.
Salesforce announces $1M grant to Indianapolis schools
The grant brings Salesforce’s total giving to Indianapolis Public Schools district to $5.5 million over the past seven years.
Auto insurance rates keep rising
For a variety of reasons, some related to the pandemic, auto insurance premiums have risen dramatically over the past few years.
Indianapolis-based High Alpha leads $8.9M investment in retail-tech startup
The company’s founder and CEO, Arthur Root, started Nostra AI while he was a student at Indiana University.
Lawsuit accuses Cummins of stealing trade secrets
California-based tech company C3.ai, which accuses Cummins of “brazen misappropriations of trade secrets and breach of contract,” said it plans to seek damages estimated at between $500 million and $1 billion.
OneAmerica to sell retirement plan business in deal worth up to $210M
Indianapolis-based OneAmerica Financial Inc.—the city’s largest private company—has agreed to sell its full-service retirement plan business to New York City-based Voya Financial Inc., the companies announced Wednesday.