Local transportation tech firm acquired for $50 million
Synovia Solutions, known for its Here Comes the Bus app, has been acquired by a transportation technology company based in Irvine, California.
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Springbuk software release spurs double-digit growth
Local tech firm, Springbuk, has grown from 16 to 102 employees in a little more than two years. A recently released product upgrade the company is calling “a game changer” is spurring another round of serious growth.
Once a rising star, Wellfount collapses with little warning
The company raised about $50 million and had big plans for its product, Redbox-style vending machines in nursing homes that dispensed medicines for patients.
Tech-consulting firm planning to add 300 employees at Carmel HQ
BCforward is scheduled to announce the expansion Thursday morning during an economic development event at its offices at 9777 N. College Ave.
Battered software firm was unrelenting in quest to find buyer
Software maker Determine Inc.'s investment bankers contacted dozens of prospective suitors as the company racked up millions of dollars in losses and burned through cash.
Indiana Fever, Salesforce sign multiyear sponsorship agreement
The Indiana Fever on Wednesday announced a multiyear sponsorship with Salesforce that will make the tech firm the team’s new jersey sponsor.
Zotec Partners planning 300 jobs in Carmel at new $47M HQ
The announcement came Tuesday during a groundbreaking for the planned five-story, 120,000-square-foot office building at the southeast corner of Illinois Street and Fidelity Way.
Philadelphia firm buys majority stake in locally based KSM Consulting
Indianapolis-based accounting firm Katz Sapper & Miller has sold a majority stake in KSM Consulting to Philadelphia-based private equity firm Renovus Capital Partners.
IBJ Podcast: Lessonly’s Max Yoder on teamwork, vulnerability and how they’re connected
The tech firm CEO says his new book—“Do Better Work: Finding Clarity, Camaraderie, and Progress in Work and Life”—is about being a great teammate.
Investment software maker plans $5.5M HQ in old Sears store
Accutech Systems Corp., a wealth management software provider, said it intends to hire nearly 50 employees for jobs at the new headquarters.
Intelligent Fiber Network raises $13M to help fund expansion
The Indianapolis-based broadband provider raised the funds from some of its member-owners and a new owner: Wabash Valley Power.
Airport installing tech to track TSA checkpoint crowds, increase retail activity
The Indianapolis International Airport is using a California firm’s motion-analytics platform in an effort to provide travelers with real-time updates on security checkpoint wait times and to monitor foot traffic in other parts of the airport.
Safety technology driving up repair costs on newer cars
While the latest technology on cars helps prevent accidents, there is a potential side effect: much higher repair costs, even in seemingly minor accidents.
Sticksnleaves co-founders land funding for new tech firm
Entrepreneurs Yaw Aning and Anthony Smith are thinking big with their latest company, which was launched out of "stealth mode" Tuesday with an announcement that it raised $600,000 in early venture funding.
UPDATE: U.S. airlines recovering from flight-data interruption
Major U.S. airlines experienced some delays Monday following a technical glitch at a third-party vendor. The issue has been resolved, but caused some disruption in travel plans.
UPDATE: Lyft’s shares soar as investors bet on ride-hailing future
Lyft’s IPO raised more than $2 billion to use in its heated competition with Uber to woo riders. Uber is expected to make an even bigger splash when it completes its IPO later this year.
Local tech startup aims to reinvent currency exchange market
An Indianapolis-based startup is aiming to reinvent the currency exchange market by connecting international travelers directly to the currencies they need.
Bill Oesterle’s new firm TMap seeks to use big data to reverse brain drain
The company’s goal is to find talented people who live out of state but have a connection to Indiana—then lure them here to live and work.
Fifty women say Salesforce helped traffickers exploit them
The women sued Salesforce on Tuesday, claiming billionaire Marc Benioff’s company knowingly provided customized database tools to Backpage to market and remarket prostitutes to “pimps, johns and traffickers.”
Founder sells tech firm Studio Science to investment group
More than 20 years after founding his tech consulting and development firm Studio Science, Kristian Andersen has sold the company to a group of investors led by CEO Steve Pruden.