INSIDE INDIANA BUSINESS: Robotics company hits funding target

2014-04-07T12:37:00Z 2014-04-07T19:02:07Z INSIDE INDIANA BUSINESS: Robotics company hits funding targetGerry Dick Inside Indiana Business
April 07, 2014 12:37 pm  • 

A Fort Wayne-based startup, founded by a former Los Angeles lawyer, is gaining momentum. Gary Kaufman formed Targamite LLC, which produces computerized target training systems for the law enforcement and military sectors as well as commercial shooting ranges. The company has secured a $325,000 round of funding led by Elevate Ventures. Kaufman says the money will allow Targamite to hire additional workers and create an e-commerce platform.

Energize-ECI Lets CEO Go

The chief executive officer of Muncie-based Energize-ECI Inc. has lost his job less than two months after taking the post. The Star Press in Muncie reports Dennis Maloy was let go after a heated email exchange with a business owner.

Annexation Plans Set For Council Vote

The Elkhart City Council could grant final approval tonight for an initial group of properties being targeted for annexation. Mayor Dick Moore has spearheaded efforts that include more than a dozen properties.

State Unveils Teacher Evaluation Results

The Indiana Department of Education has released results of staff performance evaluations for the 2012-2013 academic year. The system classifies teachers as "Highly Effective," "Effective," "Improvement Necessary" or "Ineffective."

'Col. Sanders Bridge' Gaining Support

A social media campaign to name a new southeast Indiana bridge after the founder of Kentucky Fried Chicken restaurants is receiving attention. Colonel Harland Sanders was born in Henryville, Indiana and opened his first KFC location in Corbin, Kentucky.

bookacoach Acquires Georgia Company

Indianapolis-based bookacoach has announced the acquisition of TRAINlete in Georgia. The Indiana business says the deal will expand its coaching database. Co-founder Myles Grote discussed the company and its latest round of funding earlier this year on Inside INdiana Business Television.

Regions Bank Announces Indiana Area President

Alabama-based Regions Financial Corp. has named Leslie Carter-Prall president for the Indiana area. The promotion follows the announcement that the bank is restructuring its Midwest leadership.

Kimball, City Shooting For Shovel-Ready Status

Kimball International Inc. is partnering with its home city of Jasper to gain a "shovel ready" designation. The effort involves approximately 130 acres owned by the company.

Purdue to Host Provost Finalists

Purdue University says the three finalists to become the school's provost will visit the campus this month. They include candidates from universities in Indiana, Illinois and Connecticut.

INDOT Awards Cable Barrier Contracts

The Indiana Department of Transportation has awarded two contracts to a Michigan company. The deals with RMD Holdings are worth a total of nearly $2 million and involve installing cable barriers on Interstate 69 and Interstate 70.

Indy PopCon Expands

Organizers of a pop culture and comic convention say they have added more space to handle the anticipated crowd. More than 15,000 are expected to attend Indy PopCon, which is planned for the weekend after the Indianapolis 500.

Kaplan to Host Career Fair

Kaplan University says more than 200 jobs will be available at a career fair this week in Indianapolis. Organizers say over 20 local employers are scheduled to participate.

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