Taking The Pulse Of The Texas Technology Industry
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Taking The Pulse Of The Texas Technology Industry |
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 Thursday, July 2, 2009 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. posted on Thursday, July 2, 2009(Full story) 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. (More info...) posted on Thursday, July 2, 2009(Full story) 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. (More info...) posted on Thursday, July 2, 2009(Full story) 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. (More info...) posted on Thursday, July 2, 2009(Full story) 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. (More info...) posted on Thursday, July 2, 2009(Full story) 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. (More info...) posted on Thursday, July 2, 2009(Full story) Wednesday, July 1, 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. posted on Wednesday, July 1, 2009(Full story) 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. posted on Wednesday, July 1, 2009 (More)(Full story) 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. posted on Wednesday, July 1, 2009(Full story) 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. (More info...) posted on Wednesday, July 1, 2009(Full story) Tuesday, June 30, 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. posted on Tuesday, June 30, 2009(Full story) 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. (More info...) posted on Tuesday, June 30, 2009 (More)(Full story) DealTaker.com Expands into The UK Plano-based DealTaker.com, an online coupon listings site, said this morning that the firm has expanded its offerings into the UK. The firm said that it is now featuring deals and vouchers for UK shoppers at its site, an expansion of the firm's current listings for American consumers. DealTaker.com has been running its free coupon site since 2004. posted on Tuesday, June 30, 2009(Full story) HomeAway Gets New York Times Win Austin-based HomeAway.com, operator of a vacation rental Web site, revealed this morning that it has added the New York Times newspaper as a client. The financial impact of the customer win was not disclosed. According to HomeAway, it will provide The New York Times' Web site, NYTimes.com, with vacation rental listings. As a result, HomeAway said, visitors to NYTimes.com can search and compare rental properties across the globe. (More info...) posted on Tuesday, June 30, 2009(Full story) NEON Targets Mainframe Costs Sugar Land-based NEON Enterprise Software, a developer of products for the mainframe market, said today that it has rolled out a new product it says will save companies in IT ccosts. According to the firm, its product allows companies to shift batch worloads from expensive IBM Systems z central processors (CP) to less expensive, specialty processors such as IBM's System z Integrated Information Processor (zIIP) or System z Application Assist Processors (zAAP). (More info...) posted on Tuesday, June 30, 2009(Full story) Monday, June 29, 2009 Dell Claims Strong School Interest In Netbooks Round Rock-based Dell is reporting today that it is seeing "strong interest" in a new netbook that the firm is aiming at K-12 students, and has now signed up more than 500 school districts as purchasers of its netbook product. Dell said the schools are buying its Latititude 2100 netbook, which it launched last month. (More info...) posted on Monday, June 29, 2009(Full story) Limestone Ventures Funds Florida Firm Austin-based LimeStone Ventures is leading a $1.5M, Series A funding in a Florida life sciences company, Sharklet Technologies. According to Sharklet, Limestone Ventures, an early stage venture capital firm based in Austin, is leading the round for its funding, which is expected to close this month. Sharklet is developing a surface which inhibits microorganism growth. Limestone Ventures' is the newest venture fund of the team which previously operated Gefinor Ventures. posted on Monday, June 29, 2009(Full story) Interview with Steve Kiser and Paul Sexauer, Sychron This morning's interview is with Austin-based Sychron (www.sychron.com), which is developing software for the desktop virtualization market. We spoke with Steve Kiser, President and CEO of the firm, along with Paul Sexauer, the company's Senior Vice President of Sales and Marketing, to learn more about what the firm is doing, and to learn more about the desktop virtualization world. (More info...) posted on Monday, June 29, 2009(Full story) Silicon Laboratories Announces Hybrid TV Chip Austin-based Silicon Laboratories announced a new, hybrid TV tuning chip this morning. According to Silicon Labs, its new chip is targeted at allowing TV makers to improve picture quality and reception in their designs. (More info...) posted on Monday, June 29, 2009(Full story) eGistics Inks Multi-year Deal Dallas-based eGistics revealed today that it has landed a multi-year contract with national claims and risk management provider Avizent of Columbus, Ohio. The financial impact of the customer win was not disclosed. According to eGistics, it will supply Avizent with a hosted platform for archiving and retrieving workers' compensation claims documents. eGistics said it will also provide Avizent with multiple document-capture capabilities, such as batch upload and scan-to-Web. (More info...) posted on Monday, June 29, 2009(Full story) Friday, June 26, 2009 RF Monolithics Expands Channel Dallas-based RF Monolithics, a provider of components and modules for the wireless industry, disclosed Friday that it has signed on a new sales representative serving Northern California and northern Nevada. According to RFM, Jay Stone & Associates will cover both OEM and distribution business opportunities for the firm's channels. Jay Stones & Associates focuses on wireless, RF, fiber optic, and semiconductor assembly products. posted on Friday, June 26, 2009(Full story) Thursday, June 25, 2009 Preferred Health Technology Names Sales Head Caroollton-based Preferred Health Technology reported this week that it has hired Sean Riley as vice president of sales. The provider of electronic payment and transaction-processing services for the health care industry said Riley will manage nationwide sales of its medical payment solution, A-Claim. Before joining PHT, the company noted, Riley was executive vice president at Sterling Payment Technologies. (More info...) posted on Thursday, June 25, 2009(Full story) ULURU Abandons Acquisition Efforts Addison-based specialty pharmaceutical firm ULURU announced Wednesday that it has abandoned its plans to acquire an English skin care company. On April 6, ULURU reported that it had tendered a non-binding offer letter to purchase York Pharma PLC of Milton Keynes, which is located some 60 miles northwest of London. ULURU also extended York a $1 million revolving credit facility secured by substantially all of York's assets and its subsidiaries. (More info...) posted on Thursday, June 25, 2009(Full story) SmarteSoft Signs London Consulting Firm SmarteSoft reported this week that a London-based information technology consulting firm, Entegraty Consulting, has adopted SmarteSoft's SmarteLoad application. The financial impact of the deal, which SmarteSoft said was initially executed in February, was not disclosed. Headquartered in Austin, SmarteSoft produces test automation applications that software development teams use to improve software quality. posted on Thursday, June 25, 2009(Full story) Red McCombs Invests In Online Banking Firm SmartyPig Texas billionaire Red McCombs has made an investment in an online banking firm with a social networking bent, McCombs said today. According to SmartyPig and McCombs, McCombs has agreed to purchase a "substantial" equity stake in the banking firm, which provides both online banking services as well as social tools to save money and track spending. The firm said it now has more than $100M in U.S. customer deposits, and expects it will reach $500M by the end of the year. (More info...) posted on Thursday, June 25, 2009(Full story) |
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