Battery Ventures reaping rewards from big bet on Indy
The tech VC firm recently invested $7 million in Smarter Remarketer. It previously bet on Made2Manage Systems, Angie’s List and ExactTarget.
Manufacturing
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Indiana manufacturer plans $7M expansion
Yorktown-based Mursix Corp. on Thursday announced plans for a headquarters expansion that’s expected to create 108 jobs by 2017.
Baker’s Edge founders to test ‘Shark Tank’ waters
Carmel residents Matt and Emily Griffin can expect to see a big burst in sales of their innovative brownie pan after they appear in front of celebrity entrepreneurs on ABC-TV’s hit show later this month.
UPDATE: Interactive falls after results miss expectations
Interactive Intelligence Group Inc. shares fell more than 19 percent Monday night and Tuesday morning after the company reported a unexpected loss in the first quarter, missing analyst predictions.
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.
Remy sees quarterly rise in profit, revenue
Pendleton-based manufacturer Remy International Inc. saw profit rise to $9.5 million in the first quarter, up from $1.8 million in the same period of 2013.
Health IT firm hc1.com to add up to 175 Boone County jobs
The company said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its current 16,626-square-foot headquarters at Northwest Technology Park.
Indoor slides, high-paying jobs part of Interactive’s expansion plan
A day in the life for hundreds of new employees at Interactive Intelligence Group Inc. could mean riding a slide from one floor of their office to the next while earning about $80,000 per year.
Pickups, small SUVs lead April auto sales rebound
U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
IU plots $200M life sciences hub in former Wishard Hospital
The envisioned 26-acre, $200-million-or-more complex would bridge IU’s School of Medicine with the city’s life sciences firms, including those at the nascent 16 Tech, a business park.
Command center being built at WRTV will run 19 stations
Media giant E.W. Scripps is building a multimillion-dollar master control facility at its WRTV-TV Channel 6 that will control all 19 of Scripps’ U.S. television stations. The control hub will bring about 10 additional jobs to WRTV’s 1330 N. Meridian St. campus.
Interactive Intelligence plans $28M building, 430 hires
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
Interactive Intelligence to hire hundreds in growth plan
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
Jasper engine firm to hire 235 for new plant
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
Cummins raises forecast after strong first quarter
The Columbus-based manufacturer reported a profit of $338 million as revenue increased 12 percent.
Japanese manufacturer plans 220 jobs in Mooresville
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
Manufacturers see better times for economy, jobs
Economists don't expect explosive global or corporate growth this year, but the improving big economies of the U.S. and Europe will likely inspire companies to further increase spending on high-priced equipment.
Battery maker EnerDel loses CEO, names interim
EnerDel Inc. CEO David Roberts has resigned and chief operating officer Michael Canada will replace him on an interim basis, the Indianapolis lithium-ion battery manufacturer announced Thursday afternoon.
Firm that figured out how to sell hair-salon products online is snapped up by giant
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
Toolmaker’s warehouse to close, laying off 80
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.