Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
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Universities’ patents often lack commercial applications
The state's universities crank out patents that find their way to pharmaceutical, prosthetics and surgery technology companies. But they also generate reams of patents in areas with few industrial applications.
Computer glitch leaks personal info of state welfare clients
Indiana officials say the personal data of welfare clients has been shared with others in a security breach potentially affecting more than 187,000 people.
LeadJen President Vance launches social network
Technology industry up-and-comer Jenny Vance, at age 35, has achieved the rank of “serial entrepreneur” with the launch of her third business, PlanSoon.
Salin saves cash with video tellers
In what might be the strangest twist in banking technology in years, Indianapolis-based Salin Bank is the first financial institution in the state to install sophisticated, interactive video tellers.
BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Car service app adds Indy
After quietly rolling out over Memorial Day weekend, the vaunted and sometimes controversial car-service app by Uber Technologies Inc. is ready for prime time in Indianapolis.
City to review tax breaks for five tech firms
The biotech and technology companies could see their Marion County tax abatements reduced or cancelled if officials decide they didn’t fulfill promises on new investment and hiring.
Indy-based 3D printer lands incentives for expansion
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
Tyco to buy Fishers-based technology firm for $150 million
Tyco International Ltd. said Wednesday that it reached a deal to acquire Exacq Technologies Inc., which develops video management systems for security and surveillance uses.
File-sharing firm to invest $2.1M, add up to 30 jobs
Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.
Young & Laramore finds app draws eyeballs to brand
Indianapolis ad agency Young & Laramore’s recent project for footwear giant New Balance included developing a video game intended to reach young consumers who’ve grown up with a smartphone as a bodily appendage.
Three other firms courted Indy’s ExactTarget before Salesforce landed prize
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
Mortgage firm is fastest-growing private company
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
Salesforce slow to excite investors after $2.5B buyout of ExactTarget
Shares of the California-based cloud computing giant continue to lag after last week’s announcement of its $2.5 billion offer for Indy-based marketing powerhouse ExactTarget.
Hurco profit inches higher on stronger European sales
The Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales drop in the recessionary Asia Pacific market.
Salesforce to keep ExactTarget independent, ‘invest’ in it
In a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company for $2.5 billion.
ExactTarget sale caps success story; CEO mum on Indy work force
ExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000 employees.
Salesforce.com buying Indy’s ExactTarget in $2.5B deal
ExactTarget, an Indianapolis-based digital marketing company, is fetching $33.75 per share—a whopping 53-percent premium to where its stock closed Monday.