Paoli Inc. will begin shutting down its corporate campus in Orleans in phases beginning in January and permanently close by the end of next October, the company said. The furniture maker got its start in 1926.
Zylo, launched by Indianapolis-based High Alpha Studio earlier this year, received funding from three well-known names in the local tech community.
The Chicago-based tech firm, which has pledged to hire hundreds of employees in Indianapolis by 2020, suddenly is facing a game-changing threat to its business.
In a federal lawsuit, a Maryland-based shareholder claims the $60.50 per-share offer for Interactive Intelligence by Genesys Telecommunications Laboratories undervalued the local software firm.
Mike Simmons, who has stepped down as CEO of the parking-management-software firm, now plans to focus on board work, angel investing and a few of his hobbies.
A bankruptcy court has cleared the way for Magnetation LLC to shut down its remaining operations, including a plant in Indiana that had about 165 workers six weeks ago.
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
Rainer Fischer most recently served as senior executive director of the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany. The institute is part of the largest applied science research organization in Europe.
People trying to complete a local phone call with seven digits on or after Oct. 15 will hear a recording prompting them to retry the call with the 317 area code included.
Workers who are losing their jobs because of Carrier Corp.’s decision to move manufacturing operations from Indianapolis to Mexico are eligible to receive federal assistance, the U.S. Department of Labor said Thursday.
Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users.
At Rolls-Royce, Reginald McGregor is tasked with finding kids who have a fascination with how things work, then molding them into future engineers who will help the company grow.
Four months ago, Robert Whitt left his position as executive director of White River State Park to become president and co-owner of Sun King Brewing Co.—a move he made despite having no experience in the industry. But he says Sun King is a “very special place” and he just couldn’t resist making the move.
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
The city of Indianapolis has received a $355,000 federal grant to help support about 1,400 workers displaced by Carrier Corp. The grant will be used to hire a “recovery coordinator.”
The Indianapolis-based software firm fielded escalating offers over the years until a last-second reduction in bid price from buyer Genesys Telecommunications Laboratories Inc., according to a new public filing.
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
GlassBoard, which helps clients turn concepts into ready-to-manufacture products, said it will invest $850,000 to lease and equip 3,000-square-foot offices at 924 N. Pennsylvania St.
Doxly, a High Alpha Studio company, grabbed the cash in its first fundraising round and signed on the world’s largest law firm as a customer.
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
