Articles

Bankrupt Omnicity acquired for $876,000 by four investors

The deal, approved last month by the U.S. Bankruptcy Court in Indianapolis, gives the investors, whose company is called Broadband Networks Inc., Omnicity’s 38-person operation, based in Rushville, as well as its 270 Internet towers around Indiana and Ohio.

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IU researchers help address software security issues

Researchers from Indiana University's Pervasive Technology Institute will serve as collaborating partners on a major grant from the U.S. Department of Homeland Security to address vulnerabilities arising during the process of software development.

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Scale Computing goes bald for Coach Pagano

More than a dozen employees of Scale Computing had their heads shaved at work Thursday in honor of Indianapolis Colts coach Chuck Pagano, who lost his hair during treatment for leukemia. His cancer is in remission.

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Out-of-the-way telecom company to branch into Indy

Smithville Telephone, headquartered in Ellettsville, near Bloomington, is the state’s largest independently owned phone company. Its Smithville Digital division, which provides fiber-optic communications to businesses, hospitals and schools in 17 Indiana counties, mostly in the south, has quietly been growing on the periphery of Indianapolis.

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Life sciences finance pro heading to startup

If a biotech startup were akin to a rock band, Kristin Sherman might be the keyboardist. She’s not front-and-center on the stage, but the ballad wouldn’t be as dynamic without her pounding the chords.

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HHGregg adds furniture, exercise gear as TV sales fall

HHGregg Inc. is looking for ways to boost sales at its 224 stores in coming months as the homegrown company fights to offset a huge drop in TV sales. The retailer reported a big decline in quarterly revenue Friday, but its shares soared nearly 19 percent.

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