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eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

June 12, 2006

Communication-and simplicity-can be a challenge when it comes to tech talk. “It’s like the old adage, if you ask a tech guy what time it is, he’ll tell you how to build a watch,” said Joel Russell, president of Indianapolis-based software developer eImagine Technology Group. But Russell works around potential “lingo” problems when he’s meeting with customers. No matter the industry, he looks for ways to automate inefficient processes using computer software. His goal is to save his clients time…

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

June 12, 2006

By the time he graduated in 1985, Tony Altavilla ranked third in career touchdown receptions at Wabash College in Crawfordsville, an all-male institution that likens itself to the best conservative liberal arts colleges of New England. His star rose again recently, when the member of Carmel’s Crooked Stick Country Club led a committee that helped the Pete Dye-designed course score the 2009 U.S. Senior Open Championship. But the Wabash man and golfing buddy of the affluent now finds himself in…

Executive Pay Special Report: WORTH IT?: Top brass still collects big packages, but ties to company performance grow

May 29, 2006

Michael Doar once had to give back part of his salary. How times change. Now CEO of Indianapolis-based Hurco Cos. Inc., Doar offers more bang-for-the-buck than any chief executive in the state, according to an in-depth study of salaries and shareholder returns by IBJ. One would shudder at the t h o u g h t o f Hurco’s board asking Doar to forfeit a penny of his modest salary, as he did one year in the ’90s when the…

Standard Life turns page, rolls with changes: A year after sale, firm improves rating, makes profit

May 29, 2006

Standard Life Insurance Company of Indiana has much to celebrate as it passes the one-year anniversary of its sale to Capital Assurance Corp. Profitability, a rating upgrade and product launches all are among the positives the company can tout since it gained new life and left behind old owner Standard Management Corp. last June. Standard Life notched a $15.8 million profit last year, due mostly to a gain from the sale of its life insurance business. Subtract that, though, and…

Insurance compact clears big hurdle: Initiative’s aim is to cut red tape, improve speed

May 29, 2006

A nationwide effort that would let some insurance sectors push products to market quicker is set to become reality, after Ohio became the decisive state to enter the consortium earlier this month. The multistate compact for life insurance, disability, annuity and long-term care products creates a single point of filing for providers. The object is to cut down on the time it takes insurers to seek approval from every state in which they operate before introducing or setting rates for…

Artery severed, but life goes on TOM HARTON Commentary:

May 22, 2006

Jane Jacobs, the noted urbanist, fought a battle in the late 1960s that prevented a freeway from wiping out the neighborhoods of lower Manhattan. Tom Battista, a local entrepreneur, is fighting-and some would say winning-the battle that becomes necessary when a freeway does wipe out a neighborhood. When Jacobs died last month she was famous for two things: her book, “The Death and Life of Great American Cities,” written in 1961, which eloquently stated the need for diversity, density and…

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

May 22, 2006

Conseco Inc. appears close to resolving a class-action lawsuit that encompasses 75,000 polices and accuses the company of duping customers about the cost of insurance. The Carmel-based company said in a regulatory filing that it has entered settlement talks “in an attempt to avoid the risks and costs of protracted litigation” and has set aside an undisclosed amount of money toward resolving the matter. At issue are so-called Lifetime and Lifestyle universal life insurance policies purchased by customers nationwide in…

Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market success

May 22, 2006

TechPoint’s Mira Awards, which were to be handed out May 19, celebrate excellence in Hoosier innovation. The annual awards banquet also serves as a pretty good bellwether of who’s poised for a big payday. For example, TechPoint honored Indianapolis-based medical device-maker Suros Surgical Systems Inc. with a Mira award three years before Massachusettsbased Hologic Inc. acquired Suros for $240 million in April. In 2003, TechPoint also recognized Carmel-based banking software-maker Baker-Hill. California-based Experian bought Baker-Hill last August for an undisclosed…

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

May 22, 2006

One Call Communications has been placed in receivership, a day after a lender for its 2002 management buyout filed a lawsuit alleging the Carmel long-distance and operator-services company owes it more than $21 million. The May 11 lawsuit in U.S. District Court in Indianapolis by Pittsburgh-based PNC Bank appears to be the knockout blow for a telecommunications firm accused by several states of violating consumer protection laws in billing and collection practices. Also looming is a proposed $1.1 million fine…

Banks enroll to help educators: As Indiana falls behind, financial literacy programs blossom

May 15, 2006

Their answer: a need. As in, one cannot exist without food, shelter and a $175 pair of sneakers. While the marketing folks at Nike would smile at the association, it makes personal finance experts like Avery cringe. They say it’s another example of an alarming level of financial ignorance that has allowed nationwide consumer debt to zoom past $2 trillion. And the pain is especially acute in Indiana. “You don’t have to look far beyond the bankruptcy and foreclosure statistics…

Crown Hill nearing new deal: About 70 acres expected to sell for $5.2M

May 15, 2006

An announcement on new development for 70 acres of woodlands held by Crown Hill Cemetery and Funeral Home may come within weeks, bringing to a close a controversial land deal that some environmental and neighborhood groups hoped to stall. Crown Hill leadership is talking with three developers that have submitted competing proposals for mixed-use projects, cemetery President Keith Norwalk said. He declined to name the developers or provide details on their proposals but called an announcement “fairly imminent.” The price…

As CD rates reach 5-year-high, banks get more interest: Many savings institutions advertise investment option aggressively, offer specials to attract new customers

May 15, 2006

Money managers are dusting off their low-risk investment options for consumers who are finding certificates of deposit attractive again. The run-up on CDs corresponds with rising interest rates that are meant to cool inflation by making the cost of borrowing more expensive. The federal funds rate-the interest banks charge one another on overnight loans-is the highest it’s been since early 2001. While that’s not so good for home buyers, it does benefit investors searching for short-term savings returns. Interest rates…

ATA reorg a bonanza for lawyers, financial firms: Court still must decide whether to approve $21 million in fees and expenses sought in case so far

May 15, 2006

Lawyers and other professionals have asked for more than $21 million in fees and expenses for their work on ATA Holdings Corp.’s reorganization, in what appears to be the most expensive case ever in U.S. District Bankruptcy Court for the Southern District of Indiana. But fees and expenses might rise to $33 million after a handful of remaining professional firms file their claims by the end of this month, said James Carr, a veteran Baker & Daniels attorney who quarterbacked…

VOICES FROM THE INDUSTRY: Investors often end up being their own worst enemies

May 15, 2006

In recent years, an increasing number of researchers, particularly in the field of psychology, have come to believe that investors undermine their investment and financial goals through such emotionally biased-even irrational-behaviors as overconfidence, a herd mentality, bias toward recent market results, and an excessive aversion to risk. Eliminating such biases is difficult, but investors can mitigate their impact by following several time-tested investing and financial planning principles. Think long term Invest for the long term. Investing in riskier assets, such…

CD-burning kiosks debut: Four years of work on the line for local media-technology company

May 15, 2006

As the after-work rush of customers came into a south-side Karma music store on a recent Wednesday, some wandered up to a new kiosk and gave it a whirl. It was the public’s first look at CD-burning technology, developed by local entrepreneurs, that allows customers to pick songs and immediately burn a CD mix before leaving the store. If consumers like the kiosks, backers hope to sell video games, movies and even concert tickets through the terminals, which could be…

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

May 8, 2006

State transportation engineers, having just tweaked traffic-light timing to improve flow on U.S. 31 in Carmel, next plan to target three other busy corridors in the metro area. They include U.S. 31 on the south side, between Interstate 465 and County Road 750N, and the increasingly congested stretch of State Road 37 between State Road 238 and Cumberland Road in Noblesville. The improvements to be conducted over the next several months can’t come fast enough for motorists weary of the…

Health care with privileges: Boutique medical practices buy time for doctors, patients

May 8, 2006

Membership definitely has its privileges at the new north-side medical practice launched by doctors Timothy Story and Kevin McCallum. An annual retainer of at least $2,500 gives patients around-the-clock doctor access, medical records they can carry on a key chain, unlimited office visits and refreshments when they arrive. FirstLine Personal Health Care represents the Indianapolis market’s latest foray into boutique medicine, a form of health care criticized for being exclusionary since it popped up in Seattle a decade ago. Story,…

Angie adds Big Apple, Miami, Denver to the list: Locally based publisher of consumer directories on growth spurt, on schedule to hit 50 markets within year

May 1, 2006

So in the quest to find a roofer or landscaper who can provide a happy ending, thousands of Hoosiers let their fingers do the walking through Angie’s List each year. And now homeowners in Texas, Florida and New York can do the same. The Indianapolis-based company launched city-specific versions of its home-service business directories in New York and Miami this spring, and more are on the way. By summer, Angie’s List expects to offer the customer-based ratings in its 40th…

Tan Mart Inc.: Tan ‘fad’ pays off for salon supplier But owner looking to add services to make it through slower months

May 1, 2006

When Dane Laster told his mother he wanted to distribute tanning-salon goods and services, she told him it was a fad that would never last. He has proven her wrong. “It’s the fad that never died,” he said, and the business he once dreamed of now supports him, his wife and their three kids. After his 1994 graduation from Perry Meridian High School, Laster went to work as a pharmacy technician before trying his hand at sales. Eventually, he made…

At age 2, Future Fund still work in progress: So far, 7 startups have received investments from BioCrossroads

May 1, 2006

For two years now, the $73 million Indiana Future Fund has been at work in the Indiana life sciences market. BioCrossroads, Indiana’s public-private life sciences economic development initiative, is pleased with the results so far. “When we put the Indiana Future Fund together and surveyed the landscape, there were only two or three [local venture capital] firms that really identified themselves as in [the life sciences] area,” said BioCrossroads President David Johnson. “Now we see much more traffic than we…

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People

Kurt Beier

Articles

eImagine Technology Group: Technology firm aims to deliver service with its software Owner: Hiring good employees key to small company’s success

Golf club member tees off investors: Lawsuit over $7.4M in losses casts light on little-regulated world of penny-stock promotion

Executive Pay Special Report: WORTH IT?: Top brass still collects big packages, but ties to company performance grow

Standard Life turns page, rolls with changes: A year after sale, firm improves rating, makes profit

Insurance compact clears big hurdle: Initiative’s aim is to cut red tape, improve speed

Artery severed, but life goes on TOM HARTON Commentary:

Conseco hoping to settle: Class action accuses insurer of misleading its customers about life insurance costs

Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market success

Suit puts One Call on hold: Firm placed in receivership as lender seeks $21 million

Banks enroll to help educators: As Indiana falls behind, financial literacy programs blossom

Crown Hill nearing new deal: About 70 acres expected to sell for $5.2M

As CD rates reach 5-year-high, banks get more interest: Many savings institutions advertise investment option aggressively, offer specials to attract new customers

ATA reorg a bonanza for lawyers, financial firms: Court still must decide whether to approve $21 million in fees and expenses sought in case so far

VOICES FROM THE INDUSTRY: Investors often end up being their own worst enemies

CD-burning kiosks debut: Four years of work on the line for local media-technology company

Timing is everything in the fuel-savings game: INDOT to synchronize signals in more area brake zones

Health care with privileges: Boutique medical practices buy time for doctors, patients

Angie adds Big Apple, Miami, Denver to the list: Locally based publisher of consumer directories on growth spurt, on schedule to hit 50 markets within year

Tan Mart Inc.: Tan ‘fad’ pays off for salon supplier But owner looking to add services to make it through slower months

At age 2, Future Fund still work in progress: So far, 7 startups have received investments from BioCrossroads