Longtime Pacers exec Fuson promoted to CEO
The move is one of six high-level promotions and transitions announced Tuesday morning by Pacers Sports & Entertainment.
Susan Orr
Articles
Manufacturers embrace advanced technology, but carefully
A growing number of Hoosier companies say advanced technology is improving productivity and profits, but that choosing and implementing the right tech can be challenging.
Indianapolis-based RCA firm acquired by Arizona conglomerate
Indianapolis-based RCA Commercial Electronics, which sells both commercial televisions and LED lighting, has been acquired for $14 million cash plus other considerations. The deal closed earlier this week.
Marketing-tech firm ActiveCampaign selects new site for Indianapolis office
Chicago-based ActiveCampaign, which opened an Indianapolis office in 2019, had been searching for months for a new, larger space. Its new office will be an 8,800-square-foot space on Mass Ave.
Design for 16 Tech’s ‘centerpiece’ bridge called first of its kind
Officials at 16 Tech on Wednesday unveiled a bridge design that they say is both pedestrian-friendly and architecturally unique. The overall project, which includes the bridge and related road work, has an estimated $20 million-plus price tag.
Indianapolis-based IntelinAir taps former Dow Agro chief as CEO
IntelinAir, an ag-tech startup, moved its headquarters from California to Indianapolis in August. The company’s co-founder, Al Eisaian, is stepping aside as president, CEO and board chairman next month and long-term ag-tech exec Tim Hassinger will take over those roles.
Loan defaults at record lows, despite impact of pandemic
Indiana bankers cite federal COVID-19 relief measures as a big reason—but not the only one.
Tech firm Genesys lands $580M in funding
The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.
Former Banc-Serv exec sentenced to more than five years in prison
Kerri Agee of Noblesville was sentenced Thursday for her role in a 13-year financial fraud scheme at the now-defunct financial services company she once owned.
Trust Hardware owner faces lawsuit over north-side store closure
Trust Hardware owner Adam Taylor says supply-chain and labor issues made it too tough to operate, so he closed two of his three stores last month. The landlord at his former Binford Shoppes store is suing Taylor for back rent.
Prosecutors to ask for eight-year prison sentence for former financial exec
A sentencing hearing is scheduled Thursday for BancServ Partners LLC founder Kerri Agee, who was found guilty on fraud and conspiracy charges in August.
TechPoint adds talent category to its annual Mira Awards program
The Mira Awards, which honors achievements in Indiana’s tech industry, has added an awards category for efforts to attract, hire, train and retain tech talent. Nominations for the annual awards program opened this week and the awards gala takes place April 23.
Allegion Ventures launches $100M technology investment fund
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
Local companies eye big opportunities in federal infrastructure package
The $1.2 trillion law could be a boon for huge corporations like Cummins Inc. and Allison Transmission Inc. and smaller ones like Telamon Corp., 120Water Inc. and BCA Environmental Consultants LLC.
Bob Coy, chief executive of 16 Tech, set to retire in 2022
Coy, who has been at the organization since 2017, overseeing the first phase of development at the 50-acre 16 Tech Innovation District, is stepping down after a long career in economic development.
IEDC works with accelerator to bring startups to Indiana
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
IEDC hires consultant to study state’s entrepreneurial ecosystem
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
Fishers-based Formstack lands record $425M equity investment
The equity investment is by far the largest single capital raise by an Indiana-based technology company in the state’s history, according to Indianapolis-based TechPoint, a not-for-profit that supports the state’s tech industry.
High Alpha leads $10M investment in Chicago-based software startup Logik.io
Logik.io, which was launched in February, offers software that helps sales reps and customers secure price quotes in complex sales situations.
Indy-based parking tech company T2 to be acquired for $347M
T2, founded in 1994, provides parking-management hardware and software to universities, municipalities, parking operators, health care facilities and transportation hubs. It has more than 1,900 customers.