IU professor patents tweet-analyzing software
Researchers have found that when people get more anxious, there is a good chance of the market dropping three or four days later.
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Allos Ventures raises $40 million for early-stage tech firms
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
Even salvage auto buyers now have an app to make purchases easier
Bids have been taken via smart-phone applications for more than a year. Now a unit of Carmel-based KAR Auction Services has introduced an app to make paying easier.
Does hybrid-tech startup have investors too revved up?
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
Angie’s List shares soar on first-ever quarterly profit
Shares of Angie's List shot up 26 percent, or $3.65 a share, in trading late Thursday morning as its latest quarterly report showed vastly improved results and indicated the firm might have turned the corner.
Purdue lands $14.5M to expand nanotechnology portal
Purdue University announced Tuesday that some of its researchers won a five-year, $14.5 million grant from the National Science Foundation to expand the school’s online gateway for instruction, research and simulations in nanotechnology.
Finish Line exec resigns after website redesign debacle
Less than three months after a disastrous launch of a newly designed website that cost the retail company $3 million in sales, The Finish Line Inc. has parted ways with its chief digital officer.
Surge in orders boosts Interactive Intelligence revenue
Company profit in the fourth quarter fell to $2.3 million, however, as it spent more to invest in sales, marketing and research and development.
Emmis executive a technology pioneer
Paul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological breakthroughs that could pump badly needed revenue into the radio industry.
ChaCha secures $14M investment to expand services
The latest round of funding will enable ChaCha to make “significant” investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed “Go Big.”
Maker of app that helps not-for-profits gets seed funding
Cause.it, founded by students from I.U. and Purdue, was awarded $500,000 by Innovate Indiana.
Tool-maker Hurco makes headway after tough stretch
The company, which develops computer-controlled equipment for cutting and forming metal, made progress in fiscal 2012 toward restoring profitability to pre-recession levels.
Marketer SmallBox helping clients improve their cultures
In mid-2011, the staff of local Web marketing firm SmallBox began a period of self-reflection that allowed the team to identify its “North Star,” the purpose, mission and vision that keeps a company headed in the right direction. It’s now spreading the word.
Carmel tech consultant plans expansion, 36 jobs
Allegient LLC said it will add the jobs by 2017 and expand its Carmel headquarters by 4,000 square feet.
Former BrightPoint exec joins Angie’s List as COO
J. Mark Howell will join the Indianapolis-based public company March 1. Howell previously spent 18 years as an executive with BrightPoint Inc., which was acquired in October by California-based Ingram Micro Inc.
SHORT: Obsolete laws, regulations stifle advance of ‘telehealth’
You might remember seeing Elroy Jetson sitting in front of a television in the Jetson home, with Astro, his trusty dog, and Jane, his mother, at his side, while the doctor appeared on the screen providing medical care to Elroy. This scene is no longer so futuristic.
New ChaCha unit to pair celebrities, advertisers
The ever-evolving information/answers service ChaCha Search has launched a startup within the 7-year-old company. Social Reactor will match advertisers with participating celebrities and other “social influencers,” who will use social media tools such as Twitter to drive fans to advertisers. Verge founder Matt Hunckler was tapped to get it rolling.
ExactTarget stock finishes year in positive territory
The marketing software maker that went public in March is ahead of its offering price even as it suffers because of some competitors’ woes.
Sprint first carrier to sign on to FM radio service
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
Legal fight fuels tensions in tight-knit tech world
A trademark-infringement case brought against App Press LLC threatens to smother the tech startup in legal fees before it reaches its potential.