Software firm Parker Technology lands $2M in venture capital
Indianapolis-based software and service Parker Technology LLC said the series seed funding round was led by Elevate Ventures and several local investors.
Software
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IndyGo says vendors causing missed Red Line deadlines
IndyGo vendors are still working to deploy two key features that were supposed to be in place when the Red Line launched Sept. 1—and the delays are both disrupting Red Line operations and hurting IndyGo’s bottom line.
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Water-management software firm 120WaterAudit lands $7M in funding
Zionsville-based 120WaterAudit plans to use the funds to improve its digital water-program-management platform and expand sales and marketing.
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App’s success leads Don Brown to embrace consumer market
After building and selling three companies and starting a fourth, Dr. Don Brown thought he had seen it all. Even so, he still gets an occasional surprise.
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Software startup Costello acquired by fast-growing Atlanta firm
SalesLoft plans to maintain Costello’s Indianapolis office—albeit with new branding—and keep all 11 of its employees.
Big changes at Salesforce: Bob Stutz jumps to rival; Marketing Cloud division gets new chief
Bob Stutz—who until last month led Salesforce’s Marketing Cloud unit—has left the company to become the president of engineering for customer experience at SAP.
Local software startup lands $10M in seed funding, moves HQ to California
Edify Labs Inc., a contact-center software firm founded in Carmel a year ago, announced Tuesday that it has raised $10 million in seed funding in one of the largest funding rounds of its type this year.
Many firms probably won’t prevent a ransomware attack. But here’s how to mitigate the impact.
While major corporations and large government agencies have taken detailed, elaborate steps to guard against the problem, smaller municipalities, companies and organizations are in something of a bind. Protecting such small groups against ransomware (or at least improving their chances of recovering from an attack) can be time-consuming and costly.
Indy startup Zylo raises $22.5M to boost marketing, workforce
Zylo is a software-as-a-service company that helps enterprises manage other SaaS subscriptions. It was launched out of High Alpha Studio, the Indianapolis-based startup and venture firm.
Tech firm FuseMe could make paper resumes obsolete
The company, which has created software that allows job candidates to forward recruiters their resume and other information by simply holding their smart phones next to each other, recently closed on a seed round of funding and is planning a national expansion.
Formstack on a growth tear with series of acquisitions
Fishers-based tech firm Formstack is growing so fast, it’s considering opening a second local office, possibly in downtown Indianapolis. Formstack has made four acquisitions in eight months and five in 20 months and now has 200 employees and offices in multiple states. Company officials say there are no plans to slow the growth.
One of Indiana’s largest software firms gets new majority owner
New York-based investment firm New Mountain Capital says it plans to help Muncie-based Ontario Systems LLC—which has been in growth mode—further expand.
Eleven Fifty Academy moving headquarters to downtown Indianapolis
The academy plans to spend $5 million to move its headquarters from Fishers to Indianapolis, officials for the 5-year-old coding school announced Tuesday.
Fishers firm vying for big federal student-financing contract
A team of financial technologists has its sights on a U.S. Department of Education contract that could bring at least 300 jobs to the city and further central Indiana’s role as a student-financing hub.
Anvl moving to Fishers, planning to add 41 employees
Anvl, which markets safety software to help reduce and prevent injuries for front-line workers in hazardous environments, was launched out of Indianapolis-based venture studio High Alpha in October.
Socio planning hiring spree after $6M funding round
An Indianapolis software firm that helps clients pull off events plans to triple its employee count by the end of 2020.
DemandJump lands another $5.5M in venture funding
DemandJump, a local software company, has now raised a total of $14 million in venture funding since its founding in 2015. Company officials said the most recent round will be used in part to continue to grow staff.
Kerauno makes acquisition, continues growth spurt
Kerauno, an Indianapolis-based maker of communications-workflow software, this week announced the acquisition of Inverse-Square, a locally based custom software development firm. And the acquisition won’t likely be Kerauno’s last, maybe not even this year.
Marketing software firm Perq raises $6 million in capitals
The most recent funding is expected to fuel the growth of Perq’s artificial intelligence-driven marketing cloud for big-ticket retailers, company officials said.
High Alpha portfolio firm Anvl raises $2M in seed funding
Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.
Bloomington software firm nabs $10 million investment
FormAssembly launched in 2006 and this is first time it will take outside money. The company says the investment comes in the midst of a wave of consumer demand for data regulation.
2019 Innovation Issue: Artificial intelligence is no longer science fiction
The rapid rise of artificial intelligence in recent years has been simultaneously stunning, promising—and a bit scary.
Software firm Boardable secures $1M in capital from High Alpha
Founded in 2017, Boardable plans use the investment on talent, product development, marketing and sales—with the goal of doubling employment by the end of the year.