TOP NEWS

Tango Networks Gets 50th Patent

Frisco, Texas-based communications hardware developer Tango Networks says it has just hit the milestone of its fiftieth U.S. patent, adding to the company's intellectual property portfolio. The company said the latest patent, No. 9,622,078, covers the basis of its Software-Defined Kinetic Communications Platform....Continue →


Q2 Holdings Adds Spredfast's Lynn Atchison To Board

Austin-based digital banking software developer Q2 Holdings said on Thursday that it has named Lynn Atchison, the CFO of Spredfast, to its board of directors. Atchison has been chief financial officer at Spredfast since February of 2017, and also was previously CFO of HomeAway, where she had been from 2006 until shortly after HomeAway was acquired by Expedia in March of 2016. Atchison is also on the board of directors of the Austin Technology Council (ATC) and a founding member of Women@Austin....Continue →


Dell EMC Spins Out Spanning In Deal With Insight Venture Partners

Austin-based Spanning Cloud Apps is an independent company, once again, only two years after its acquisition by EMC. Spanning, which is a provider of backup for cloud-based applications, was acquired by EMC in October of 2014. Spanning has been acquired by Insight Venture Partners, and will become a new, independent company. Financial terms of the spinout were not announced. Spanning will be run by former CEO Jeff Erramouspe, who was most recently VP and General Manager at Spanning....Continue →


Experiment Engine Acquired By Optimizely

Austin-based Experiment Engine, a developer of A/B testing tools which helps develops test different versions of their websites, has been acquired by Optimizely, the companies said on Wednesday. Financial terms of the acquisition were not disclosed. Experiment Engine says it has been working with Optimizely as a technology partner since its beginning. Experiment Engine was founded in 2014 by Claire Vo and EJ Lawless, and was backed by Corsa Ventures, Mercury Fund, and local Austin angels....Continue →


SoftNAS Wins Brainshark

Houston-based cloud-based, network attached storage (NAS) software provider SoftNAS reported a win this week with Brainshark, a provider of sales enablement and readiness software. SoftNAS said Brainshark will use SoftNAS Cloud for its disaster recovery using the Azure cloud. Financial impact of the win was not announced. SoftNAS said that Brainshark is tapping the firm for 100TB of cloud NAS storage.Continue →


Dallas Gets New Car Vending Machine From Carvana

Dallas is the latest city in Texas to get a "car vending machine" from online used car upstart Carvana. Carvana said its new car vending machine in Dallas is its fourth in the state, and will let users pick up their new vehicle purchases from an eight story building holding up to 30 cars. Carvana, which sells its used vehicles online, also has locations in San Antonio, Austin, and Houston....Continue →


Factom Raises $8M For Blockchain Document Technology

Austin-based Factom, which is developing blockchain technology that helps enterprises manage and track documents and contracts, has raised $8M in a Series A funding round, according to the company. The funding came from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, Plug & Play, Peeli Ventures, Harvest Equity, and local Austin investors....Continue →


CyrusOne Taps Guggenheim Partners Exec As Strategy Head

In a move which may signal a possible increase in mergers and acquisition activity, Dallas-based data center operator CyrusOne says this morning that it has named Jonathan Schildkraut, most recently at investment advisory firm Guggenheim Partners, as the company's new Chief Strategy Officer and Executive Vice President. CyrusOne said that Schildkraut will help refine its digital infrastructure strategy, overseeing new investments, mergers and acquisitions, as well as joint venture arrangements....Continue →


RagingWire Opens New Dallas Data Center

RagingWire Data Centers, a data center operator, along with parent company NTT Communications, says it has opened up a new, 230,000 square foot data center in Dallas. RagingWire said its Dallas TX1 Data Center is aimed for used by large enterprises and "hyperscale cloud" companies. RagingWire says it now has total data center capacity of 1.5 million square feet and 113MW of power....Continue →


Innovapptive Raises $1.5M

Houston-based software startup Innovapptive, a developer of mobile workforce management software, said this morning that it has raised $1.5M in a funding round. The funding came from the Hyderabad Angels (HA), an angel investment group from Hyderabad, India, which recently launched a US chapter. Kishore Ganji from Hyderabad Angels will join Innovapptive's board of directors. The investment appears to be among the first, direct investment in a U.S....Continue →


CodeLathe Launches FileCloud For File Sharing, Sync, and Backup

Austin-based CodeLathe said today that it has launched a new, file sharing, sync, and backup service called FileCloud Online, which it says is aimed directly at challenging Dropbox and Box. According to the company, it offers up its online storage service at $96 per user/year, compared to the pricing of $180-240 per user/year of its competitors. CodeLathe is specifically targeting the small and medium-sized business (SMB) market with its new service....Continue →


Vista Equity Buys Market Track

Austin-based private equity investor Vista Equity has acquired market data provider Market Track, Market Track announced on Monday. Financial details of the private equity acquisition were not announced. Market Track had been owned by another, private equity company, Aurora Capital. Market Track is based in Chicago, Illinois.Continue →



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