Arrest made after massive Capital One data breach
A hacker gained access to personal information from more than 100 million Capital One credit applications, the bank said Monday as federal authorities arrested a suspect in the case.
Technology
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California insurance exchange company chooses Indy for regional HQ, 500 jobs
The company, eHealth Inc., is led by Scott Flanders, an Indianapolis native and former CEO of Macmillan Publishing in Carmel and Playboy Enterprises in Chicago.
Broad Ripple becoming tech boom town
In the last 18 months, more than a half-dozen tech companies have opened up shop in the village or decided to do so.
New product, partnership set ClearObject on path to growth
ClearObject, a Fishers-based tech firm, this week rolled out its latest product and announced a new partnership with computing giant IBM that company officials said will help significantly grow their business.
Amazon’s big spending on one-day delivery dents profit, forecast
Moving millions of products closer to customers to enable one-day delivery proved more costly and complicated than expected, driving up expenses and reducing efficiency in the second quarter.
DemandJump lands another $5.5M in venture funding
DemandJump, a local software company, has now raised a total of $14 million in venture funding since its founding in 2015. Company officials said the most recent round will be used in part to continue to grow staff.
Justice Department ratchets up antitrust scrutiny of Big Tech
The U.S. Department of Justice on Tuesday opened a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers.
Big technology meeting sets stage for more U.S.-China talks
President Trump and senior administration officials met with CEOs from Alphabet Inc.’s Google, Broadcom Inc., Cisco Systems Inc., Intel Corp., Micron Technology Inc., Western Digital Corp. and Qualcomm Inc. on Monday.
Elevate Ventures’ startup investments at pivotal point
After nine years of managing the state’s investments in startups, the not-for-profit Elevate Ventures has had some wins, but more losses—as measured by the number of companies that paid back at least as much as they took in.
Kerauno makes acquisition, continues growth spurt
Kerauno, an Indianapolis-based maker of communications-workflow software, this week announced the acquisition of Inverse-Square, a locally based custom software development firm. And the acquisition won’t likely be Kerauno’s last, maybe not even this year.
Trump: Administration to review massive Pentagon computer contract
Amazon Web Services Inc., a division of Amazon, and Microsoft Corp. are finalists for the contract estimated to be worth up to $10 billion over a decade.
Don’t sink your startup by creating a product in a vacuum
Entrepreneur Max Yoder failed out of the gate when he launched his first company. No, not Lessonly, the training software firm that is still growing seven years after he co-founded it with the folks who created the High Alpha venture studio. Yoder’s first company was Quipol, which offered a social polling product that he worked on […]
Congress grills Big Tech over competition, money, power
Big Tech faced tough questions Tuesday as federal lawmakers focused on issues of potentially anticompetitive behavior by technology giants and expressed bipartisan skepticism over Facebook’s plan for a new digital currency.
FTC approves record $5B fine for Facebook
At $5 billion, the fine the U.S. Federal Trade Commission is about to levy on Facebook is by far the largest it’s given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
Carmel firm pioneering software designed to give drones digital license plates
Many within the unmanned aircraft industry think identification technology such as that made by Carmel-based Pierce Aerospace is the last piece needed for companies like FedEx and Amazon to start using drones to deliver packages to doorsteps.
Marketing software firm Perq raises $6 million in capitals
The most recent funding is expected to fuel the growth of Perq’s artificial intelligence-driven marketing cloud for big-ticket retailers, company officials said.
Local business owner charged in tech startup scam, accused of bilking investors
Prosecutors say David Betner of Indianapolis misled investors by saying his company—Darepoint—was on the verge of a profit-generating buyout.
Retailers eager to lodge antitrust complaints against Amazon, Google
A leading U.S. retail group, whose members include Walmart, Target and Best Buy, is eager to aid antitrust enforcers that are poised to investigate whether Amazon and Alphabet's Google are harming competition.
Purdue brings Apollo program alums to campus for 50th anniversary celebration of moon walk
Purdue’s 50th anniversary celebration of the Apollo 11 landing will take place July 18-20.
SteadyServ sold to largest creditor after no other bids
RBE Investments LLC, the company’s biggest secured creditor, made a nearly $5.8 million credit bid to purchase the seven-year-old company and its assets after a turnaround plan for the company failed.