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
Carmel-based KAR Auction Services Inc. is changing its corporate name to OpenLane Inc. effective May 15 and will also use the OpenLane name for its online used-vehicle marketplaces in the U.S., Canada and Europe, the company announced Tuesday.... Read More
Tek Experts Inc., which provides outsourced technology support services to clients around the globe, has officially opened an Indianapolis office where it plans to hire hundreds of employees over the next several years.... Read More
