Articles

Interactive Intelligence takes quarterly loss

Interactive was right on target with the preliminary earnings announcement it made July 16, when it predicted revenue between $86 million and $88 million and an operating loss between $11 million and $12 million.

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HALO startup funding surpasses $20 million mark

HALO reached the $20 million milestone after pumping nearly $1.5 million in the first half of 2014 into mobile app developer Bluebridge Digital, contract-research firm AIT Bioscience, threat-intelligence firm Emerging Threats and sales-automation software firm TinderBox.

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BidPal sees changes at top, cuts workforce

BidPal Inc., one of the Indianapolis-area’s fastest-growing companies in recent years, has reduced its workforce by 25 percent and is looking for a replacement for longtime CEO and local tech titan Scott Webber.

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State eases into rollout of software in tax fix

The Indiana Department of Revenue is five to seven years from replacing the 1990s software that processes the bulk of the state’s tax dollars and that auditors cited in the wake of massive accounting errors.

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Drone startup off to flying start

Two friends and drone enthusiasts in 2012 hatched the idea, as a side gig, to build flying devices small enough to fit in a briefcase. But the idea shifted to a full-scale manufacturing operation that will launch in mid-August and is projected to produce up to $10 million in revenue next year.

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IU says no victims reported in data breach

Data including names, addresses and Social Security numbers of those who attended IU from 2011 to 2014 was unsecured for more than 11 months because protections weren’t working correctly.

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