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Indianapolis software developer CTI Group Inc. said yesterday that it lost $582,896 in the first quarter, a 26-percent decline from the prior year quarter. CTI, which focuses on software for enterprise networks and telecommunication services providers, attributed the setback to a reduction in patent income and its Ryder Systems Ltd. acquisition. It is the first […]

Rick Davis, formerly a co-owner of Indianapolis-based Davis Homes, has joined Oxford Financial Group as a managing director, Oxford said. The Indianapolis fee-based advisor said it was drawn by the prospect of Davis using his background operating a family-owned business to help its clients, many of whom own companies. Davis sold his stake in the […]

Ginovus LLC, the Carmel consulting firm that lost five professionals on Friday to a new economic development practice started by the Indianapolis law firm Bingham McHale, has hired three people. Richard Rowley, legislative director under former Gov. Joe Kernan, joined yesterday as special counsel. Rowley will continue practicing law at Sommer Barnard, the Indianapolis law […]

Carmel drug developer Marcadia Biotech has received a $15 million venture capital investment from Frazier Healthcare Ventures of Seattle and locally based Twilight Venture Partners. The funding will help Marcadia develop projects including a glucagon analog for emergency treatment of hypoglycemia, the company announced today. Marcadia, which is led by former senior executives of Eli Lilly […]

The Indianapolis law firm Bingham McHale has started an economic development practice with professionals who left the Carmel consulting firm Ginovus LLC. Leaving Ginovus late last week were Jay Walters, Jenny Massey, Suzanne Davis, Linda Williamson and Sara McGoun, according to an economic development professional familiar with the departures. Another Ginovus associate, Sue Scott, left […]

Anger over “excessive salaries” and “bloated administrative costs” at WellPoint Inc. will bring a crowd of protesters to demonstrate outside the health benefits firm’s annual shareholder meeting tomorrow. Hoosiers for a Common Sense Health Plan hopes to draw about 50 people to the protest on Monument Circle, where WellPoint’s corporate headquarters is located. “They are […]

A study by the Economic Development Corp. of Elkhart County shows Marion County is No. 1 in the state in patents filed since 1976. Marion County, with a population of 863,596, generated 8,441 patents. However, the recreational vehicle and manufactured house center of Elkhart County had the highest per capita: 2,008 in a population of […]

Clarian Health Partners Inc. has negotiated to acquire nearly 160 acres in Johnson County, near Bargersville. Financial terms were not disclosed. Clarian officials said they could use the land, located at the southwest corner of State Road 135 and Whiteland Road in White River Township, to provide outpatient services and urgent care, with the potential […]

A statewide coalition of 45 groups says it plans to protest what it says are “bloated administrative costs” and excessive executive salaries during WellPoint Inc.’s annual meeting May 16. Hoosiers for a Common Sense Health Plan, which includes the United Auto Workers, Citizens Action Coalition and Sisters of Providence, wants single-payer universal health insurance.

The Indianapolis advertising firm Roman BrandGroup has landed a contract with the Indianapolis Airport Authority to lure retailers to the new midfield terminal, which is scheduled to open in late 2008. Roman will help develop a theme to concessionaires and promotional materials. The facility will have 55,000 square feet of retail space.