Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good thing?
Experts are mixed on whether the buyout barrage is cause for concern or validation of success.
DoubleMap
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Fast-growing DoubleMap, maker of transit software, merges with Utah company
The Indianapolis company, formed in 2009, makes apps that allow users to track buses in real time and hail rides on demand. It is merging with Ride Systems LLC to gain more users and build market share.
FAST 25: DoubleMap Inc.
An acquisition the transit-software firm made two years ago now accounts for about one-third of revenue.
Not everyone in tech wants venture cash
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
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.
Startup objects to IndyGo’s no-bid deal with rival
An Indianapolis software startup that hopes to win contracts from public-transit agencies across the country is protesting a no-bid deal by IndyGo.
Interactive claims top MIRA Award for second straight year
The top honor at the Mira Awards on Saturday night went to software firm Interactive Intelligence, while academia made waves in other categories at the annual technology-sector event.
2014 Forty Under 40: Ilya Rekhter
While at Indiana University, Ilya Rekhter, now 25, was intrigued by transportation—specifically why fuel efficiency and safety have improved but there still wasn’t a way to know when your already-20-minutes-late bus would arrive. His solution: DoubleMap, a bus-tracking application.