The founder and CEO of Fishers-based IT firm Netfor Inc. says an ill-timed investment into new office space has pushed the company into bankruptcy, but he said the company will continue to operate as usual while it works to restructure its finances.... Read More
The Consumer Financial Protection Bureau has ordered Fishers-based Phoenix Financial Services to pay a $1.68 million penalty, plus refunds to affected consumers, over alleged violations of federal debt-collection and credit-reporting laws.... Read More
Cummins Inc. plans to acquire two commercial vehicle-system manufacturing plants from France-based automotive supplier Faurecia for about $153 million, the companies announced Tuesday. The plants are located in Columbus, Indiana and Roermond, Netherlands. ... Read More
With much fanfare, India-based tech giant Infosys broke ground in 2018 on the first phase of what it said would eventually be a $245 million, 141-acre campus with 786,000 square feet of facilities. Today, Infosys appears far from achieving that vision.... Read More
Fishers-based software company Formstack, which raised a state record $425 million growth investment in late 2021, eliminated a significant percentage of its workforce on Wednesday. CEO Chris Byers did not say how many people are losing their jobs.... Read More
The Indianapolis-based tech startup formerly known as DroneDek has rebranded itself as Arrive and says it hopes to begin generating revenue from its patented smart mailboxes by the end of this year. Arrive unveiled the branding at the Xponential trade show.... Read More
Indianapolis-based Ivy Ventures, a venture capital firm that targets early-stage hardtech, enterprise software and life sciences startups, officially launched this week with a $20 million investment fund.... Read More
Bill Oesterle of Indianapolis, known for his wide influence in the spheres of entrepreneurship, politics and beyond, has died at age 57. Oesterle died at home early Wednesday from complications of amytrophic lateral sclerosis, or ALS.... Read More
If you’ve paid attention to business and technology news over the past two or three years, you’ve probably heard about hardtech—even if you’re not quite sure what it is.... Read More
The Indiana Economic Development Corp., Purdue University and Belgium-based research and innovation center Imec have entered into a memorandum of understanding to advance research and development in Indiana’s semiconductor industry.... Read More
