Barry says he hopes his firm can become active in other regions of the state as well.
An important funding partner of two growing Indianapolis tech companies will be honored this month at the 18th annual TechPoint Mira Awards. Ann Arbor-based Plymouth Growth Partners and Partner Jeff Barry will be recognized as Investor of the Year at the April 29 event in Indianapolis. The firm last year closed on more than $5.7 million in funding for Internet of Things systems provider ClearObject and cloud solutions integrator Kinney Group. TechPoint Chief Executive Officer Mike Langellier says Indiana's tech sector depends on money, experience and connections from out-of-state venture capital firms.
Mira judges say the firm's positive working relationships with Indiana companies and its dedication to help the state's tech sector grow were major factors in the selection. Plymouth Growth Partners specializes in Midwest tech companies, specifically in the areas of software, advanced manufacturing, telecommunications and medical devices.
ClearObject (formerly CloudOne) Chief Executive Officer John McDonald says the partnership with Plymouth Growth Partners has been a "significant turning point" for the company. He says the relationship has also led the firm to become more active in the state's venture scene. ClearObject announced the funding last year.
Kinney Group CEO Jim Kinney says it is "difficult to overstate" the impact that a firm pumping $10 to $20 million in Midwest technology investments can have. Kinney Group recently announced the $6 million round of funding that included Plymouth
The 18th annual TechPoint Mira Awards are set for Saturday, April 29 at The Westin Indianapolis. Winners will be announced in more than one dozen tech categories at the sold-out event.
Barry says he would like to see his firm invest in more regions of Indiana.
By Abby VanDerHeyden Financial Planner, Bedel Financial Consulting Inc.
It's that time of year. Time to freshen-up the house, your closet and the yard. Another important item that should be on your spring-cleaning "to do" list: tidy-up your personal financial situation. Don't know where to begin? Here's an easy four-step checklist!
Kokomo-based Green Cubes Technology has announced plans to expand its Howard County operations. The company, which manufactures advanced battery power systems, will invest $1.8 million to build a new global headquarters and create more than 70 jobs by the end of 2021. The Indiana Economic Development Corp. says the 20,000-square-foot facility will also serve as the company's technology center and manufacturing site, nearly doubling its current footprint.
Elkhart-based Lippert Components Inc. will Monday break ground on a new facility at its manufacturing complex in Goshen. LCI says the 107,000-square-foot facility will be used for the manufacturing of I-beams used in nearly every chassis frame the company produces. Financial terms of the company's investment in the facility were not disclosed. LCI manufactures chassis for the towable RV, trailer, park model and residential housing markets. The company says the new...
A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...
A Texas-based energy company with operations in six states has announced a $6 billion merger with Evansville-based Vectren Corp. (NYSE: VVC). Under terms approved by both CenterPoint Energy Inc.'s (NYSE: CNP) and Vectren's boards of directors, Vectren shareholders will receive $72 per share and CenterPoint will assume the Hoosier company's debt. Vectren Chief Executive Officer Carl Chapman says the combined company's natural gas utility operations will be headquartered in Evansville.
Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.