Indianapolis-based RCA Commercial Electronics, which sells both commercial televisions and LED lighting, has been acquired for $14 million cash plus other considerations. The deal closed earlier this week.
Chicago-based ActiveCampaign, which opened an Indianapolis office in 2019, had been searching for months for a new, larger space. Its new office will be an 8,800-square-foot space on Mass Ave.
Officials at 16 Tech on Wednesday unveiled a bridge design that they say is both pedestrian-friendly and architecturally unique. The overall project, which includes the bridge and related road work, has an estimated $20 million-plus price tag.
IntelinAir, an ag-tech startup, moved its headquarters from California to Indianapolis in August. The company’s co-founder, Al Eisaian, is stepping aside as president, CEO and board chairman next month and long-term ag-tech exec Tim Hassinger will take over those roles.
The company, which offers cloud-based software and other products for call-center operators, has a significant presence in Indianapolis but it’s unclear how the recent investment might affect local operations.
A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for hours, raising questions about the vulnerability of the internet and its concentration in the hands of a few firms.
Amazon’s own e-commerce operations were affected, as well as Toyota, Delta Airlines, Netflix, Instacart, Venmo, Kindle, Roku, The Associated Press, Disney+ and McDonald’s.
The Mira Awards, which honors achievements in Indiana’s tech industry, has added an awards category for efforts to attract, hire, train and retain tech talent. Nominations for the annual awards program opened this week and the awards gala takes place April 23.
General Motors raised its outlook Wednesday and said it expects to return to a normal production rate by the end of next year.
The plant will employ hundreds of people and will start making materials in 2024, said Doug Parks, GM’s global product development and supply chain head.
Investors are clamoring for the top provider of cloud-based customer relations management software to prove it can expand beyond its core business. Any misstep is bound to be noticed.
Allegion says it had such success with its first investment fund, which launched in 2018, that it’s now starting a second fund that’s twice the size of the original.
Gina Raimondo will press Congress to pass legislation that would put about $52 billion toward U.S. chip manufacturing in a speech to the Economic Club of Detroit during a visit to the city that’s the capital of American auto manufacturing.
Dorsey has faced several distractions as CEO, starting with the fact that he’s also founder and CEO of the payments company Square. Some big investors have openly questioned whether he could effectively lead both companies.
Coy, who has been at the organization since 2017, overseeing the first phase of development at the 50-acre 16 Tech Innovation District, is stepping down after a long career in economic development.
Samsung said the new facility will boost production of high-tech chips used for 5G mobile communications, advanced computing and artificial intelligence, and also improve supply chain resilience.
The video-conferencing company reported a smaller-than-projected number of large customers for a second straight quarter, stoking concerns about growth as more workplaces and schools open back up.
Amazon, Facebook parent Meta and Google are expanding work applications for the smart home, raising security and privacy concerns that could cost workers and their companies if not managed properly.
Gener8tor is launching four industry-specific programs within its gBETA accelerator for early-stage startups from both Indiana and around the United States, hoping some will move here.
The IEDC has agreed to pay $150,000 to San Francisco-based consultant Startup Genome to generate a snapshot report of the state’s entrepreneurial climate. Based on the results of that report, the IEDC will decide whether to contract with the consultant for additional work.
