Old National Bank to sell its health savings account business
The deal, expected to close in the fourth quarter, includes about $500 million in client assets held in about 157,000 accounts associated with more than 3,000 employer groups.
Susan Orr
Articles
Tech sector layoffs are on the rise
Tech has hit a well-publicized slump, and within the last few months, layoffs have hit big companies like Netflix and Coinbase as well as smaller firms like Zionsville-based 120Water, Indianapolis-based Casted, and Terminus, which is based in Atlanta but has an employee base and its CEO in Indianapolis.
Serial entrepreneur Wechsler launches Spokenote tech startup
John Wechsler, who will step down as CEO of both Launch Fishers and the Indiana IoT Lab next month, will turn his attention to his latest venture: a startup that makes it easy to create and share videos via QR codes.
Slovakian startup announces plans for Indiana battery plant
InoBat Auto, a Slovakian company that launched in 2019, said Thursday that it plans to open battery R&D and production sites in Indiana, in partnership with New York City-based Ideanomics Inc.
Challenger defeats Holcomb appointee to secure GOP nomination for secretary of state
Diego Morales defeated Gov. Eric Holcomb’s appointed Secretary of State Holli Sullivan and two other challengers at Saturday’s Indiana Republican Party State Convention.
State takes steps to build on success of Indy Autonomous Challenge
The IEDC has contributed $3.4 million toward creating the Indy Innovation Challenge, to encompass both the Indy Autonomous Challenge and potential future competitions focused on performance automation technology.
New High Alpha startup Holder aims to tap potential of Web 3.0
Holder, the latest startup to launch out of Indianapolis-based venture studio High Alpha, offers a marketing platform built for the emerging era of blockchain technology.
Tech firms grow wary as funding streams slow
The red-hot tech industry is cooling down, and local industry insiders say they’re preparing for a landscape in which venture funding may be harder for companies to secure.
Q&A: Eastsider returns to take charge of transformational project
Juanita Easterling now works for Goodwill of Central & Southern Indiana as the plant manager of Cook Medical’s brand-new $15 million medical manufacturing facility on the northeast side of Indianapolis.
New wireless network aims to boost internet-of-things activity in north-central Indiana
The Wabash Heartland Innovation Network in West Lafayette is teaming up with New Hampshire-based Senet to establish a low-power, long-range network that’s ideal for internet-connected devices.
Accounting-tech firm Decimal lands $9.2M investment
Decimal’s software platform helps customers automate and outsource accounting tasks like bookkeeping and payroll. The company has added 30 employees since February.
Indianapolis-based tech firm Encamp lands $30M investment
Encamp’s software helps its customers fulfill environmental reporting and compliance issues. The company has attracted $47.2 million in investment since its launch in 2017.
Indianapolis tech firm ShipSigma plans expansion, 125 new jobs
Founded in 2018 as Parcel Optimization Technologies LLC, ShipSigma said the new jobs will offer an average wage of nearly $42 per hour.
HR-tech company UKG plans to add 200 to Indianapolis office
UKG, which offers an online platform for human-resources tasks like payroll and scheduling, expects to increase employment in Indianapolis to more than 500.
New grant program to help Hoosier companies launch 5G projects
The program, offered through the Indiana 5G Zone, will offer established businesses matching grants of about $200,000 to help accelerate the commercial application of 5G technology.
Local tech firm Greenlight Guru acquires Danish firm
This is the third acquisition announced this year for Indianapolis-based Greenlight Guru, which offers a platform to help medical device makers with regulatory requirements.
Fishers tech firm Vibenomics lands $12.3M in growth capital
Fishers-based Vibenomics, which provides in-store music, audio advertising and messaging to retail customers, said the funding will help fuel its growth.
2022 Innovation Issue: Allison Transmission is investing for the age of the electric vehicle
Allison Transmission Inc. has invested $335 million over the past four years in product development, strategic acquisitions and new facilities and capabilities, including a new Innovation Center and a separate vehicle testing center at its West 10th Street headquarters campus.
2022 Innovation Issue: Indiana auto industry begins pivot to growing EV production
The state’s five automotive assembly plants, and the suppliers who serve them, produce 1.3 million cars and trucks per year, employing just more than 110,000 workers. But the vast majority of that work focuses on gas-powered vehicles.
Indiana National Guard seeks employers for cybersecurity career fair
The Indiana National Guard’s cyber battalion is returning home from an out-of-state deployment this fall, and the Guard is seeking employers with Indiana jobs to offer the soldiers upon their return.