The daily flights, which are expected to begin on Jan. 7, will fulfill a longtime wish of local tech firms eager for more direct access to the West Coast and Silicon Valley.
The tech community is rallying around an initiative to brand Indianapolis as the “marketing technology capital of the world,” trading on the success of such firms as ExactTarget and Angie’s List.
Eric Tobias’ filing in federal court is intended to head off a potential challenge from a key contractor who believes he is owed more from the company’s sale to ExactTarget in 2012.
Cloud computing giant Salesforce.com paid $33.75 per share to acquire ExactTarget. The price was roughly 6.5 times ExactTarget’s projected revenue for 2013, analysts said.
Salesforce.com has extended job offers to ExactTarget Inc.'s top brass—and sweetened the pot by dangling awards of restricted stock topping $20 million.
The gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person work force will rack up, regulatory filings show.
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
Angie’s List turned a profit for the first time in nearly two decades.
Shares of the California-based cloud computing giant continue to lag after last week’s announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.
The expansion by the Indianapolis-based digital marketer would follow its $95.5 million purchase last year of Atlanta-based marketing automation firm Pardot.
ExactTarget Inc.’s strong position in digital marketing has made the Indianapolis company a tempting acquisition target for Salesforce.com and other tech-industry suitors, Wall Street analysts believe.
Analysts remain bullish on the Indianapolis-based email marketing firm despite its sluggish stock price, due to the company’s strong revenue and aggressive investment in research and acquisitions.
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."