ExactTarget option gains approach $300M
xactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local tech experts expect will launch a wave of entrepreneurship over the next several years.
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Cummins looking to build downtown Indy offices
Cummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
Salesforce to keep ExactTarget independent, ‘invest’ in it
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
Toyota’s Indiana plant adding more jobs than expected
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory.
ExactTarget sale caps success story; CEO mum on Indy work force
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.
Salesforce.com buying Indy’s ExactTarget in $2.5B deal
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.
Former Indy Chamber prez scores consulting work
Scott Miller, who resigned from the chamber post after less than two years to follow his entrepreneurial bent, will help two local startups get off the ground.
Manufacturing activity sinks to 4-year low
Manufacturing has struggled this year as weak economies abroad have slowed U.S. exports. U.S. businesses have also reduced their pace of investment in areas such as equipment and computer software.
Data-hosting firm Axia to add up to 45 jobs
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus, Ind.
Indy startup sees green in cheaper 3D printing
Launched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape plastic and metal powders from the bottom up, one microscopic level at a time.
Three former executives sue Carbon Motors over pay
Executive vice presidents of a company that planned to build high-tech police cars at an eastern Indiana factory are seeking more than $600,000 in deferred wages.
Indiana ambulance plant with 165 workers closing
The decision to close the Elkhart factory comes two weeks after Allied Specialty Vehicles bought SJC Industries. Production will be moved to a Florida factory in the coming months.
Work stops on Greenwood pharmaceutical plant
Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.
New owner shutting down 520-worker Indiana plant
Allied Specialty Vehicles announced Thursday it was buying Monaco RV and shifting production to a factory in Decatur, near Fort Wayne. The 520 jobs lost in Wakarusa won't be replaced on a one-to-one basis.
Report: Roche mulls sale of blood-glucose monitor business
Roche Diagnostics Corp. is considering a sale of its blood-glucose meter business, a move that would cast uncertainty over the nearly 1,000 people working for its diabetes business in Indianapolis.
Aerospace company plans central Indiana factory expansion
L&E Engineering Co. officials say the company will spend $3.7 million to expand its Greenwood factory and add about 40 employees.
Bloomington manufacturer closing, laying off 72
Hartmann USA said Wednesday that it will move the Bloomington operations to its U.S. headquarters in Rock Hill, S.C., where it plans an $18 million expansion.
Manufacturer planning expansion, 100 jobs in Boone County
CNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million expansion in Lebanon.
Broad Ripple telecom firm plans big growth, 183 jobs
Founded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and plans to invest $4.1 million as it aggressively hires new employees.
nFrame data center to get new identity
The change to the Expedient moniker is not expected to affect the center's 40 employees and 300 customers.