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  • Friday, April 17, 2015

    3 Day Startup Shows Off Startups From 80+ UT Students

    One of the reasons that Austin is such a hotbed for startup activity is UT Austin, which is a source of talent, ideas, and technology for the local community. Helping to spur even more startups and entrepreneurs, 3 Day Startup says it is showing off its final, pitch competition for its latest event at UT Austin on Sunday....Continue →

  • Friday, April 17, 2015

    Bloomfire Claims Record Quarter

    Austin-based Bloomfire, the developer of enterprise collaboration software, claimed it had a record quarter in Q1. The privately held firm did not disclose any financials. According to the company, it saw its first quarter new bookings grow 75 percent year to year, with such new customers as Bank of America, Cannon Financial Services, MuleSoft, GENBAND, TMW Systems and Tealium. Bloomfire is venture backed by Silver Creek Ventures, Austin Ventures, and Redpoint....Continue →

  • Friday, April 17, 2015

    Texas Sees $426.6M In VC Investments In Q1

    Texas racked up $426.6M in venture capital investments in Q1 of 2015, spread across 48 deals, according to the latest PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report, which was just released this evening. The venture totals were down slightly from Q4, when there were 56 deals and $491.52M invested in the region....Continue →

  • Thursday, April 16, 2015

    Cinsay Settles Patent Lawsuit

    Dallas-based cinSay, a developer of e-commerce related video technology, asid today that it has settled a patent lawsuit against Joyus. Terms of the settlement were confidential. Cinsay had filed a patent suit in the United States District Court for the Northern District of Texas, Dallas Division, alleging that Joyus had infringed on its U.S. Patents, Nos. 8,312,486, 8,533,753, and 8,549,555. Those patents cover interactive, Internet-based video applications....Continue →

  • Thursday, April 16, 2015

    Xplore Buys Motion Computing

    Austin-based Xplore Technologies, the manufacturer of ruggedized tablet PCs, said today that it has agreed to acquire fellow Austin ruggedized PC manufacturer Motion Computing. The deal is worth approximately $16M, made up of $9M in cash plus assumption of $7M in net liabilities. Xplore asid Motion Computing had unaudited revenues of approximately $83M for the fiscal year ended December 31, 2014. Xplore said it is funding the deal with a new, $15M credit facility from Square 1 Bank....Continue →

  • Thursday, April 16, 2015

    SailPoint Names Bizdev VP

    Austin-based SailPoint has named a new executive to lead the company's strategic technology partnerships. According to SailPoint, it has named Joe Gottlieb as the company's Senior Vice President of Corporate Development. Gottleib has previously worked at such companies as Aerospike, Sensage, and McAfee. He had been CEO of Aerospike. SailPoint develops identity management software for the enterprise market.Continue →

  • Wednesday, April 15, 2015

    Alert Logic: $77M Run Rate, 3200 Customers

    Houston-based Alert Logic says it has surpassed a $70M annual run rate, and now has more than 3,200 customers, as the company reported Q1 results of more than $18.2M in revenues. The privately held firm--which, quite unusually, is publicly reporting its financial results--said revenues were up 42 percent from the first quarter of 2014. Alert Logic offers up cloud-based, security software, and is led by Gray Hall....Continue →

  • Wednesday, April 15, 2015

    Ortho Kinematics Raises $9.6M

    Austin-based Ortho Kinematics, a developer of diagnostic imaging equipment specifically aimed at spine surgery, has raised $9.6M in a Series C funding. The funding came from Medtronic, TEXO Ventures, MB Venture Partners, along with others. The company said that Gary Stevenson of MB Venture Partners joins its board with the funding. The funding goes twowards expanded commercialization of the company's products. Ortho Kinematics is led by Paul Gunnoe....Continue →

  • Wednesday, April 15, 2015

    TSP Buys Business From IMS

    Dallas-based TSP (Technology Service Professionals), a provider of information technology services, said Tuesday that it has acquired the service contract business of IMS (Industrial Maintenance Services). Financial terms of the acquisition were not disclosed. IMS had focused on maintaining and servicing equipment for paper production....Continue →

  • Tuesday, April 14, 2015

    StemBioSys Finds $8M

    San Antonio-based StemBioSys, which is developing stem cell culture systems used to grow stem cells for research and development efforts, has raised $8M in a Series A funding, the company said this morning. StemBioSys said that Targeted Technology Fund led the financing, with a $2.25M investment, with more than 50 angels closing out the remainder of the round. StemBioSys is led by Bob Hutchens. The company said it plans to raise a Series B in late 2015 or early 2016....Continue →

  • Tuesday, April 14, 2015

    Phytel Acquired By IBM

    Dallas-based Phytel, which develops disease tracking and preventative care tracking software for physicians, has been acquired by IBM, as part of an effort to bolster IBM's Watson Health unit. Financial terms of the acquisition were not disclosed. Phytel develops integrated population health management software, which is used by healthcare providers track chronic disease in their populations. The software is used by primary care providers, large hospital systems and physician networks....Continue →

  • Monday, April 13, 2015

    Everfest Takes $1.5M For Online, Mobile Festival Discovery

    Austin-based Everfest, a new start created by the founders of uShip and TicketBud, said Monday that it has raised $1.5M in an angel funding round. The funding round included ATX Seed Ventures, plus angels like Bob Kagle, along with others. The startup said it is looking to build the world's most comprehensive community of festivals and festival goers, letting users discover and share festivals--ranging from music festivals and book fairs to comic­cons and other local celebrations....Continue →

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