Susan Orr

Indy-based tech firm Zylo lands $31.5M investment

Indianapolis-based Zylo Inc., which helps its customers manage their software subscriptions, has landed another $31.5 million in growth capital from a mix of new and existing investors.... Read More

Heartland Ventures closes $52M investment fund

Heartland Ventures, an Ohio-based venture capital firm with a unique business model has closed on its $52 million second investment fund. Heartland also has offices in Indianapolis, South Bend, San Francisco and New York City.... Read More

Eleven Fifty Academy in financial straits, seeking new operator

Indianapolis-based computer coding school Eleven Fifty Academy, which as recently as late last year had big expansion plans, is now in financial straits and is negotiating with bidders to take over operations.... Read More

Fishers tech startup winds down operations, staff joins Zoom

Fishers-based Docket Inc., a meetings-management software company that launched in 2019, has wrapped up its operations after meetings-platform provider Zoom hired its entire staff. Docket’s top executive announced the move on social media this week.... Read More

Cummins sees more revenue, less profit in latest quarter

Indiana-based Cummins Inc. on Thursday reported that its third-quarter profitability decreased even as revenue climbed.... Read More

Carmel-based KAR announces 300-plus job cuts amid belt-tightening moves

Carmel-based KAR Auction Services Inc. said Wednesday that it plans to eliminate more than 300 positions in the U.S. and Canada as the company moves some of its jobs overseas.... Read More

Coalition vying for federal funds to create a hydrogen hub

David Roberts, chief innovation officer at the Indiana Economic Development Corp., is spending a lot of time right now focused on hydrogen.... Read More

Indy ed-tech firm Willo acquired by textbook retailer Follett

Indianapolis-based education-tech firm Willo Labs Inc. has been acquired by Chicago-based Follett Higher Education—a move that Follett said will set the stage for significant growth at Willo over the next 18 months. Follett declined to reveal financial terms.... Read More

State teams with Purdue, IU for local government cybersecurity program

The Indiana Office of Technology has teamed up with Purdue University and Indiana University to help local governments beef up their cybersecurity. The state is providing $3.96 million to fund cybersecurity assessments at no cost to the government entities.... Read More

Restaurateur Scott Wise, wife, file for bankruptcy

Local restaurateur Scott Wise and his wife, Amy Wise, filed for personal bankruptcy protection earlier this month, following an unsuccessful attempt to work through financial issues related to the failure of the Scotty’s Brewhouse restaurant chain.... Read More