Fishers-based marketing tech company Vibenomics Inc. has been acquired by Austin, Texas-based Mood Media, the companies announced Tuesday. The acquisition closed Monday. Vibenomics declined to disclose financial terms of the deal.... Read More
Since 2020, Steak n Shake has spent $50 million to eliminate table service at its restaurants in favor of self-service ordering—an investment the company says has allowed it to regain profitability after three straight years of losses. Outside observers say, though, that it’s not yet certain the 89-year-old restaurant chain is back on solid footing.... Read More
Ag-tech startup Athian expects to close a $5 million round of seed funding by the end of the month. Athian also expects this month to begin beta testing its first software product—a platform to help dairy farmers measure, verify and monetize their carbon-reduction efforts. ... Read More
Indianapolis-based Elevate Ventures Inc. is launching a new three-day innovation conference, Rally, which is designed to spark innovation by bringing together hundreds of companies, entrepreneurs, universities and investors from a range of different sectors. The event will include a pitch competition with $5 million in prizes.... Read More
Indianapolis-based software startup Elate Inc., which launched its first product in August 2021, has closed on a $4.9 million venture capital investment, the company announced Tuesday.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) expects to see big growth in its alternative-fuels business over the next several years, but the path from here to there is a bit unclear, CEO Jennifer Rumsey said this week.... Read More
In a play to spotlight and advance its efforts with hydrogen fuel cells, battery power and other green technologies, Indiana-based Cummins Inc. has rebranded that part of its business as Accelera by Cummins.... Read More
Indianapolis-based Sanctuary Wealth has removed its founder and CEO Jim Dickson for cause, but the financial advisory firm isn’t saying why. Sanctuary disclosed last month that it had appointed an existing board member, Adam Malamed, as CEO effective immediately.... Read More
Zionsville-based insurance holding company Group 1001 Insurance Holdings LLC says all of its operating companies are back online following a ransomware attack, but it hasn’t publicly said how many individuals might have been impacted by that attack.... Read More
Against the backdrop of a red-hot job market, Indianapolis-based Republic Airways Inc. and its flight school have sued a dozen former students the airline says failed to honor their commitment to fly for Republic after graduation.... Read More
