Allegro Adds Director
Dallas-based Allegro, a developer of energy trading and risk management software, said late Wednesday that it has appointed Patrich Simpkins to the firm's board of directors. Allegro, which is venture backed by North Bridge Venture Partners and Tudor Ventures, said that Simplins is curently managing partner at banking advisory firm GPS Capital Partners out of Dallas. Simplkins has also served at SensorLogic, TXU Energy, and Duke Energy.READ MORE >>
posted on Thursday, July 2, 2009
Tyler Technologies Adds Five California Customers
Dallas-based Tyler Technologies, a provider of software for the public sector, said Thursday that it has added five new California customers of its INCODE financial operations software. According to the firm, the Mojave Water Agency in San Bernardino County; Valley County Water District in Los Angeles County; North Coast County Water District in Pacificia; the City of Escalon in San Joaquin County; and the City of Albany in Alameda County have all adopted its product....READ MORE >>
posted on Thursday, July 2, 2009
HomeAway Names New European Head
Austin-based HomeAway, which operates a network of vacation rental websites, said today that it has named Petra Friedmann as President of HomeAway Europe. The firm said that Friedmann replaces Alexis de Belloy, who will transfer to a similar position overseeing HomeAway brands in the U.S. Friedmann is a veteral of the travel agency, and was most recently at Opodo, an online travel agency. She has also served at QXL, Mosaic travel, and Marmara. Friedmann will be based in Paris....READ MORE >>
posted on Thursday, July 2, 2009
Venture Exits At Six Year Low
Texas was one of the few bright spots in the M&A and IPO exit market so far this year, according to a report released yesterday on the liquidity market for venture-backed firms. According to the report, released yesterday by Dow Jones VentureSource, Texas saw the largest--and one of the few--IPOs in the market so far this year, with the $113M IPO of Austin-based SolarWinds in May. However, the overall market looks to be one of the worst ever for exits of venture-capital backed firms....READ MORE >>
posted on Thursday, July 2, 2009
Sipera Systems Claims Education Wins
Richardson-based Sipera Systems, a developer of security products for the voice-over-IP market, said yesterday that the firm has scored wins at "multiple" universities in North America. Names and details of those customers, however, were not detailed by the firm, although the firm quoted Northern Illinois University as one of its customers. Sipera said its security appliances have been deployed at universities which have, combined, more than 250,000 students and staff....READ MORE >>
posted on Thursday, July 2, 2009
Potomac Fusion Names VPs
Austin-based Potomac Fusion, a developer of data visualization and fusion tools for the Department of Defense and other U.S. Government agencies, said this week that it has hired on two new vice presidents. The firm said that it has named Ed Marquardt as Vice President, Strategic Technology, and John Risch as Vice President, Research and Development....READ MORE >>
posted on Thursday, July 2, 2009
ACS Buys Pharmacy Business
Dallas-based Affiliated Computer Services said Wednesday that the firm has acquired Pharm/DUR Inc., a provider of pharmacy audit and verification servies. Financial terms of the acquisition were not disclosed. ACS said that Pharm/DUR had revenues for the last twelve months ending April 2009 of $6M. Pharm/DUR provides auditing of pharmacies, to stop fraud and correlate pharmacy benefit management programs with actual paid claims.READ MORE >>
posted on Wednesday, July 1, 2009
eCardio Gains Funding
The Woodlands-based eCardio Diagnostics, a developer of services for monitoring cardiac arrhythmia, said today that it has received a "significant" round of investment funding from Sequoia Capital. Amount of the minority investment was not disclosed. According to eCardio, the round was the first institutional funding for the firm, and would be go to strengthen its technology offering. The firm was founded in 2004.READ MORE >>
posted on Wednesday, July 1, 2009 (More)
ResearchPoint Names VP
Austin-based contract research organization ResearchPoint reported this morning that Becky Causey has come aboard as the firm's vice president of clinical operations. ResearchPoint noted that she will oversee its clinical operations, project management and monitoring groups. Before joining ResearchPoint, Causey worked at INC Research as vice president of clinical development, and has also served PPD as executive director of project management.READ MORE >>
posted on Wednesday, July 1, 2009
eGistics Names CFO
Dallas-based document management software publisher eGistics reported this morning that it has hired long-time EDS executive Timothy J. Kick as chief financial officer. eGistics said Kick will oversee financial planning and numerous accounting functions while reporting to Bob Lund, the company's chairman and chief executive. Before joining eGistics, the Dallas-based business noted, Kick was CFO of Electronic Data Systems' Financial Services Industry group....READ MORE >>
posted on Wednesday, July 1, 2009
Amalto Gets Funding Round
Amalto Technologies, a developer of B2B information exchange software for the oil and gas industry, said today that the firm has scored an investment from Succes Europe, which will go towards its development of B2B software for the industry. Financial terms of the investment were not disclosed. Amalto, which has US offices in Houston but headquarters in Paris, has contracts with firms like Chevron and others to help them track invoices or field tickets with trading partners.READ MORE >>
posted on Tuesday, June 30, 2009
Austin Ventures Invests In Directory Site
Austin-based venture capital firm Austin Ventures is the lead firm in an investment in a local business directory site, MojoPages. According to MojoPages, which is based in California, Austin Ventures led a $5M Series A funding round for the firm. MojoPages offers local business listings, ratings, reviews, and social networking features to newspaper, TV, and other media web sites. Mike Dodd, a venture partner at Austin Ventures, sits on the firm's board....READ MORE >>
posted on Tuesday, June 30, 2009 (More)
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