Indy-based T2 Systems selling to private equity firm
Mike Simmons, one of the parking software company’s co-founders, said Thursday he will step down from his position as CEO following the closing of the deal.
Technology
Articles
Report: Salesforce among firms in acquisition talks with Twitter
Speculation that Twitter is ripe for a sale has been swirling for months as the company has failed to lure new users.
The Interview Issue: Jen Handley
Fizziology—the company co-founded by Jen Handley—works with every major motion picture producer in North America except Disney to use real-time social media data to improve their products and promotions. This year, Inc. magazine listed the Indy-based firm as one of the fastest-growing U.S. companies.
The Interview Issue: Shelly Towns
Shelly Towns says she’s very comfortable with ambiguity and a fast pace—and that’s come in handy as she’s worked to help turn around Angie’s List. “I’m fine with, to some degree, figuring out things as we go,” she said.
Merger dance between Interactive Intelligence, suitor started in 2012
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.
Comcast plans to launch wireless service next year
The move could potentially offer real competition to carriers like Verizon and AT&T for a subset of the country. Comcast has just over 28 million customers.
Local legal-tech firm secures $2.2 million for seed round
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.
Interactive’s windfall big—but won’t create wealth ExactTarget sale did
Tech observers said they view Interactive’s sale as a net positive for the city, mostly because exit events spur some employees to invest their money and talent in new places.
Indy cracks nation’s top 10 for tech-firm office deals
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.
Fast-growing Indianapolis software firm plans $2.1M expansion
The provider of cloud-based workforce-management software said it plans to increase its Indiana employment from 1,100 to 1,200 by 2019.
High Alpha funding firms far and wide with $21M war chest
The Indianapolis-based venture studio and its investment arm have been looking beyond Indianapolis, making investments in out-of-town companies and forging a national reputation.
Octiv strikes harmony with new investor, lands $4.75M
The sales software firm formerly known as TinderBox raised nearly $5 million in a funding round led by GE Ventures, the venture capital arm of General Electric.
UPDATE: Apple’s new iPhone does away with headphone jack
Apple's next iPhones will come without the analog headphone jack that's been standard on iPhones and most other electronic devices for years. The phones were unveiled Wednesday afternoon during Apple's fall product launch event in San Francisco.
Indiana delays start of 317 area code’s 10-digit dialing
State regulators are giving central Indiana residents who live in the 317 telephone area code another month before they must begin using 10 digits when dialing.
Can Apple make listening easy without a headphone jack?
The iPhone has traditionally shipped with a pair of Apple’s iconic earbuds. But tech analysts and industry bloggers say it looks like the tech giant has decided to do away with the analog headphone jack in the next iPhone, which it will unveil on Wednesday.
State makes potential $260M deal to lease communications infrastructure
The state said Tuesday that it has agreed to lease its communications infrastructure, including its existing cell towers, for as much as $260 million over the next 50 years to a Canton, Ohio-based private operator.
After $1.4B deal, Don Brown eager for next adventure
Brown talks to IBJ about what he’s planning to do after his company, Interactive Intelligence, is sold.
Zooom lets high schools, colleges train refs like pros
The Zionsville-based company has created a platform that lets schools upload video that can be used to train and critique officiating.
Tech leaders heap praise on city’s latest billion-dollar exit
In the immediate wake of news Wednesday that Interactive Intelligence Group Inc. had agreed to be acquired for $1.4 billion, Indianapolis tech leaders bubbled with praise for CEO Don Brown and with enthusiasm for the possible impact on the city.
Competitor snaps up Interactive Intelligence in $1.4B deal
Interactive co-founder and CEO Don Brown said he will leave the company after the sale closes late this year. The all-cash purchase price represents a 36 percent premium to where the shares traded before word of the potential deal leaked this summer.