Dallas-based Archipelago Learning, the provider of subscription software-as-a-service for the education market, reported Wednesday evening that its shareholders have approved its merger with PLATO Learning, the private equity backed educational software firm. Archipelago said that 99.99% of the shareholders voted in favor of the acquisition, which still has some closing conditions. Plato Learning is backed by Thoma Bravo. The deal is worth around $291M in cash.
Wednesday, May 16, 2012
Archipelago Learning Shareholders Give Nod To Merger
Wednesday, May 16, 2012
glendonTodd Capital Buys Brazilian Outsourcer
Wednesday, May 16, 2012
Dallas-based private equity firm glendonTodd Capital announced Wednesday that it has acquired a Brazilian provider of business process outsourcing, Toutatis Inc.. Financial terms of the acquisition were not disclosed. glendonTodd Capital said it teamed with Performa Partners in the acquisition of Toutatis, which provides human resource outsourcing, finance and accounting outsourcing and procurement outsourcing.
Equivalent Data Finds Funding
Wednesday, May 16, 2012
Houston-based Equivalent Data, a provider of electronic discovery software to law firms and corporations, has scored a funding from Dallas-based private equity fund Trinity Hunt Partners. Size of the investment was not disclosed. Equivalent Data develops NeedleFinder, an electronic discovery softwar eproduct. Equivalent Data's CEO is Mike Medrano. Trinity Hunt is a investment fund backed by the Lamar Hunt family.
HomeAway Invests In Chinese Vacation Rentals Site
Wednesday, May 16, 2012
Austin-based HomeAway has made an investment in a Chinese operator of an online vacation rental site, the firm said yesterday. HomeAway said it has purchased a minority stake in Tujia which it says is the first site in China to target the high end, online vacation rental market. Financial terms of the investment were not disclosed. HomeAway is joining venture capital firms Lightspeed China Partners and CDH Investments, and Chinese travel services firm Ctrip.com International in the investment round. HomeAway said the transaction is subject to regulatory approval of the Chinese government.
Youtoo Puts Facebook Users On TV
Wednesday, May 16, 2012
Do you want your share of your 15 minutes of fame? Dallas-based Youtoo wants to put everyday Facebook users on television, via its Facebook app, which allows users to record and upload videos of themselves which can be broadcast on network television. The company said today that it launched its app, Facebook Be On TV, which creates videos which are then broadcast on 177 of the top 200 cable markets in the U.S. Youtoo operates a cable television channel, which also broadcasts TV shows such as Revision3, Howcast, and the X Files. The firm is now looking to combine its online and Facebook video submissions with its cable reach.
Vista Equity Partners Closes $3.5 Billion Fund
Wednesday, May 16, 2012
Private equity group Vista Equity Partners, which has significant operations in Austin, said this week that it has closed on its fourth fund, Vista Equity partners Fund IV, at $3.5 billion. The investor said it now manages over $6.6 billion in committed capital. Vista Equity Partners' investments include Turaz (divested from Thomson Reuters), Vitera (formerly a division of Sage), CD Software, and MiSys. Vista Equity Partners' offices are split between Austin, Chicago, and San Francisco.
Mass Relevance Adds $3.3 Million
Wednesday, May 16, 2012
Austin-based Mass Relevance, the provider of social curation software headed by Sam Decker, announced this morning that it has raised $3.3M in a Series A round. According to Mass Relevance, the round was led by Austin Ventures, included new investor Battery Ventures, as well as prior seed investors Floodgate Fund, Allegro Venture Partners and Metamorphic Ventures. Mass Relevance said the new round will go to accelerate growth for its platform among media, entertainment, consumer brands and retailers. Decker is a repeat entrepreneur, having headed up Bazaarvoice's marketing effort from startup to IPO.
Tyler Technologies Signs Schools, City In Virginia
Wednesday, May 16, 2012
Dallas-based Tyler Technologies has notched another win for its muncipal government and school software, this time in Virginia. According to Tyler Technologies, it has signed agreements with the City of Alexandria, Va., and Alexandria City Public Schools for its Tyler Munis enterprise resource planning (ERP) software. Financial details of the win were not disclosed.
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Tuesday, May 15, 2012
Infoglide Links With Risk And Compliance Software Firm
Tuesday, May 15, 2012
Austin-based infoguide, a developer of software which is used for fraud detection and anti-money laundering, said Tuesday that it has linked with BusinessForensics, a provider of risk, fraud and compliance management software for financial institutions. According to the two, Infoglide will provide an identity resolution engine to enhance BusinessForensics' suite of fraud detection and risk management products. Financial terms of the win were not disclosed.
EEstor Claims Progress On Technology
Tuesday, May 15, 2012
Cedar Park-based EEStor, the developer of high density, ultra-capacitors used for energy storage, said Tuesday that it is continuing to make progress on its technology The firm said it has been working on development of single layer Electrical Energy Storage Units (EESUs) as a step toward full commercial units at the firm, claiming that it has made "major progress" in its efforts to commercialize its technology. EEstor has been working on its technology for years--it first raised funding back in 2005 from Kleiner Perkins--but has yet to demonstrate its technology in public.
SpareFoot: Watch Our Code Grow
Tuesday, May 15, 2012
Ever wonder what it's like in that fascinating world of software code behind a startup? Austin-based SpareFoot just released a fascinating video documenting how the firm's source code has grown since November of 2009. The company--which helps people find self storage facilities--said developer Patrick Mizer created the video using an open source application called Gource, which shows the fascinating growth of the company's source code. The video shows an entrancing display of SpareFoot's growth in its source code tree over time.
CyrusOne Breaks Ground In Phoenix
Tuesday, May 15, 2012
Enterprise data center and colocation provider CyrusOne is breaking ground on its new Chandler, Arizona data center, the firm said today. CyrusOne said it will break ground tomorrow on the 57-acre, 1 million square foot data center operation in Arizona, which it had announced last fall. The company said the first part of the data center is expected to be complete in the first part of 2013, and will have 110 megawatts of power capacity.
BMC Software: No Thank You, We're Not Selling
Tuesday, May 15, 2012
Houston-based BMC Software gave its official word today to the group of investors led by Elliott Associates, on the firm's push for sale of the company: no thank you. If BMC's adoption of a "poison pill" to fend off an attempt by Elliott to gain control of the publicly held company wasn't enough, BMC said it was "open to alternatives that fully reflect the value and prospects of the Company" but that its committee decided that "pursuing a sale at this time is not in the best interests of stockholders." Elliott said Monday that BMC should look for a sale of the company to realize more value for its shareholders, as the group of investors has been buying up stock in the company.
Gazzang Snags Sales, Alliances VP From VMware
Tuesday, May 15, 2012
Austin-based Gazzang said this morning that it has named Michael J. Harper as its Vice President of Worldwide Sales and Alliances. Harper joins the firm from virtual server software giant VMware, where he was Senior Director of Cloud Foundry Services. Harper also has served at WaveMaker Software, Sendmail, Persistence Software, Dun & Bradstreet Software and EMC. The firm said that Harper will be responsible for managing the company's direct revenue model as well as its strategic partner and channel partners. Gazzang is venture backed by Austin Ventures and Silver Creek Ventures.
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Monday, May 14, 2012
Calxeda Nabs $12M More As It Nears Market
Monday, May 14, 2012
Austin-based low voltage semiconductor developer Calxeda has raised another $12M in funding, according to a regulatory filing by the firm today, as the firm is on the cusp of shipping chips for servers based on 32-bit ARM mobile processors. According to the filing, the firm is in the midst of a $30M fundraising effort, of which so far $20M was raised. The funding round was kicked off in July of last year, and the firm reported an additional $12M in that round this week in the filing. According to industry magazine the IEEE Spectrum, Calxeda is getting set to ship its ARM-based chips, and is expected to hit the market first in applying low-power chips for the server market. Calxeda is going up against such competitors as Intel, AppliedMicro, and others in using low power processors for the high performance server market.
Match.com Gets Into Live Events
Monday, May 14, 2012
Dallas-based online dating site Match.com is branching into live events, the company said this morning, and is launching a new service called The Stir. According to Match.com, the new service will bring single people together in thousands of events nationwide. The events will begin rolling out to Match.com subscribers this summer, with plans to expand to 20 U.S. cities by June. Match.com said it is hoping to take advantage of its national membership to power the new event service, which will include everything from large events to cooking classes, wine tastings, dance lessons, and more.
BMC Staves Off Hostile Takeover
Monday, May 14, 2012
Houston-based BMC Software, the developer of IT management software, is looking to stave off what looks like a hostile takeover of the company this morning. BMC said today that it has been informed that hedge fund Elliott Associates and its affiliate Elliott International, L.P., have acquired a beneficial ownership of more than 5 percent of the firm's common stock, and also said it has adopted a "shareholder rights" plan in response. Elliott is a well known investor which attempts to force companies to sell themselves, and which has already said it plans to nominate its own five member slate to BMC's board of directors to force the software company to pursue a sale of the company. BMC said in a statement that "We do not believe the Elliott proposal is in the best interests of our stockholders.” Shareholders rights plans are commonly known as a "poison pill" to make it harder for companies to be taken over by hostile acquirers.
Report: GameStop To Sell MacBooks
Monday, May 14, 2012
Grapevine-based video games retailer GameStop looks to possibly be expanding its refurbished hardware business to the sale of Apple MacBooks, according to a report from online gaming site Kotaku over the weekend. According to the report, a leaked screenshot from a GameStop employee shows that the retail chain's inventory now stocks the popular Apple laptops, and expansion from the firm's recent move to sell refurbished iPads, iPods, and iPhones. GameStop has recently been expanding beyond its core sales of games and accessories into the resale of those devices, which it has been picking up through in-store tradeins.
WhaleShark Media Buys French Coupon Publisher
Monday, May 14, 2012
Austin-based WhaleShark Media is expanding its coupon and deal empire today, saying that it has acquired a french, online coupon publisher, Miwim. Financial terms of the deal were not announced. WhaleShark's latest acquisition gives it a suite of online coupon sites, including Bons-de-Reduction and Poulpeo. WhaleShark said the new acquisitions will expand its coverage of e-commerce activity in Western Europe to 70 percent of the market. Olivier David and Francois Larvor, the founders of Miwim, have joined WhaleShark as part of the acquisition, adding 20 additional employees to its headcount. WhaleShark is venture backed by Austin Ventures, Norwest Venture Partners, Adams Street Partners, Google Ventures, J.P. Morgan Asset Management, and Institutional Venture Partners (IVP). The company is headed by Cotter Cunningham.
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Friday, May 11, 2012
Whole Foods Mobile App Encourages Green Actions
Friday, May 11, 2012
Austin-based Whole Foods Market has released a new mobile app via its Whole Planet Foundation, which looks to encourage consumers to performance green lifestyle actions by offering up coupons. The new Make Change. Not Waste app--released by the Whole Planet Foundation and BlueAvocado--allows users to do things like using reusable water bottles, converting to electronic billing, using a reusable bag, and so on and gain access to special coupons from green brands at Whole Foods. The app is free. The Whole Planet Foundation said that users can also donate back to the group to help fund microlending products in countries where Whole Foods Market sources it products.
TI Donates $2.2M To UC Berkeley Electronics Lab
Friday, May 11, 2012
Dallas-based Texas Instruments is hoping a donation of $2.2M to the University of California, Berkeley, will help encourage undergraduates to study electronics, the firm said Thursday. TI said its give, which is aimed at UC Berkeley's traditional introductory Electronic Design Laboratory, will "ignite lifelong ingenuity and passion" around using analog and embedded processors. TI said it will also be donating development kits using its various devices to help with hands on learning experience in the classroom. UC BErkely is renovating its lab space, which is expected to open in Spring of 2013.
Gazzang Debuts Key Backup and Recovery Service
Friday, May 11, 2012
Austin-based Gazzang, the developer of cloud encryption and key management software backed by Austin Ventures and Silver Creek Ventures, debuted a new service Thursday aimed at Ubuntu Linux desktop users. The firm said its new zEscrow service--which is free--helps users of Ubuntu back up and recover the randomly generated keys which are used by the operating system to protect home directories. Gazzang said that the new tool is available as part of the Ubuntu 12.04 LTS archive. The new solution is aimed at helping users of the OS, who risk completely losing their data if they forget their login password or associated mount passphrase.
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Trinet: Supporting startup growth with the new recruiting ecosystem
The recruiting ecosystem is changing, led by professional social networks
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scientific and democratic approach to the recruiting process, and in turn,
changes the way startups and growing businesses find and retain their
employees.
Download this report to learn about success stories and recommendations on
how to take full advantage of innovative technology to help your efforts to
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Thursday, May 10, 2012
GameSalad In Partnership With Tencent
Thursday, May 10, 2012
Austin- and Los Angeles-based GameSalad, which develops software which makes it easy for people to create their own Apple iOS mobile games, has announced a major partnership with Chinese Internet giant Tencent. According to GameSalad, it is partnership with Tencent on a series of initiatives to bring the firm to China. Financial details of the deal were not disclosed, however, GameSalad said it will be providing help with localization, marketing, monetization, and featured distribution in Tencent's App Store in China, as well as creating a Chinese version of its GameSalad Creator tool. The new Chineses GameSalad Creator includes localization into simplified Chinese and local carrier billing for Chinese carriers.
ihiji Joins Austin Technology Incubator
Thursday, May 10, 2012
Network management software startup ihiji has officially become a full member of the Austin Technology Incubator, the two said yesterday, after having been part of ATI's Landing Pad Program since 2010. ihiji --which moved to Austin in 2010 from Florida--develops network management software based in the cloud, allowing IT users to remotely monitor and support their IP devices. According to the ATI, ihiji decided to become a full member at ATI to take advantage of additional benefits at the incubator. ihiji was founded by Stuart Rench, Michael Maniscalco, and David Rench.
Tyler Technologies Gets Win In Illinois
Thursday, May 10, 2012
Dallas-based Tyler Technologies has signed up an Illinois county as a new customer, the firm said earlier this week. The provider of software for the municipal government market said that Peoria County, Illinois, has selected the firm's Odyssey products for the county's civil and criminal courts, jail and judicial administrative offices. Financial details of the win were not announced. Peoria County has around 186,000 residents and is about 150 miles southwest of Chicago.
LaserGen Sets CEO
Thursday, May 10, 2012
Houston-based startup biotechnology firm LaserGen, which is developing technology for the DNA sequencing market, said today that it has named Mimi Healy as Chief Executive Officer of the firm. Healy also joins the company's board. Healy was previously CEO of Bacterial Barcodes. LaserGen has backing from Texas Emerging Technology Fund (TETF) and angel investors, and also has been supported by small business and research grants from the National Human Genome Research Institute.
Alliance Data Signs Blue Nile
Thursday, May 10, 2012
Dallas-based Alliance Data Systems said today that it has signed a multi-year agreement to manage a private label credit card program for online jewelry site Blue Nile. Financial details of the agreement were not announced by the companies. Seattle-based Blkue Nile is an online retailer of diamonds and jewelry.
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Wednesday, May 9, 2012
Roomkey Exits Beta, Adds New Tools
Wednesday, May 9, 2012
Dallas-based Roomkey.com, the startup hotel search engine which is backed by Choice Hotels International, Hilton, Hyatt Hotels, InterContinental Hotels Group, Marriott, and Wyndham Hotel Group, said today that it has exited beta for the service, and added a number of new features. The site--which launched in March--offers up a way for travelers to find hotel rooms, providing hotel information and pricing information. The firm said it also has added such features as allowing consumers to compare properties across multiple locations, share their favorite hotels with other via email, Facebook, and Twitter, and now is featuring consumer reviews of properties on the site.
Travelocity Aims At Developers With APIs
Wednesday, May 9, 2012
Southlake-based Travelocity, the online travel booking site, is looking to attract third party developers to the service, with a new developer's portal. According to the firm, the portal provides a comprehensive toolkit for Travelocity's partner developers, allowing them to gain access to hotel availability, rates, inventory, booking confirmations, and much more via software. The API is aimed at hotels who want to better connect into the Travelocity system. Travelocity said it tapped Mashery, a developer of API technology and services, for the APIs.
Dell Completes SonicWall Buy
Wednesday, May 9, 2012
Round Rock-based Dell said this morning that it has completed its acquisition of SonicWALL, the developer of remote access, network security, backup, and other products. Financial terms of the acquisition have not been announced by the company. Dell said the buy will bolster its security software and services portfolio. Dell originally announced the deal to buy SonicWALL on March 13th. SonicWall was private equity backed by Thoma Bravo.
AT&T Completes Advertising Unit Sale
Wednesday, May 9, 2012
Dallas-baesd AT&T said late Tuesday that it has completed its sale of its AT&T Advertising Solutions and AT&T Interactive units to private equity firm Cerberus Capital Management, L.P. The deal was worth $750M in cash, a $200M note, and a 47 percent equity interest in the new firm, YP Holdings LLC. The deal had originally been announced in early April.
Advertisement
Trinet: Supporting startup growth with the new recruiting ecosystem
The recruiting ecosystem is changing, led by professional social networks
like LinkedIn and Viadeo and social media apps like Jobvite and
BranchOut.
This report examines how the new ecosystem creates a streamlined,
scientific and democratic approach to the recruiting process, and in turn,
changes the way startups and growing businesses find and retain their
employees.
Download this report to learn about success stories and recommendations on
how to take full advantage of innovative technology to help your efforts to
attract and retain top talent.
http://www.socaltech.com/trinet/wp.php?id=10
Tuesday, May 8, 2012
CopperEgg Raises $2.1M, Names CEO
Tuesday, May 8, 2012
Austin-based CopperEgg, the devleoper of cloud monitoring and analytics software, announced this morning that it has raised $2.1M in additional funding as part of its Series A round. The firm said that Silverton Partners lead the round, and also included Webb Investment Network, the investment fund of former eBay COO Maynard Webb, and Kenny Van Zant, formerly of Asana. The firm said it has now raised $4.1M in funding. In addition, CopperEgg says it has named Bob Quillan as it new CEO; Quillin has served at Hyper9 (acquired by SolarWinds), EMC Lonix (acquired by VMware), and nlayers (acquired by EMC).
KingsIsle Entertainment Selects Development Platform
Tuesday, May 8, 2012
Plano-based KingsIsle Entertainment, which develops online games, including its family focused, flagship title Wizard101, announced a deal today to tap Unity Technologies for its upcoming projects. KingIsle said it will use Unity's game development platform for a variety of possible future products. Financial details of the deal were not disclosed. Unity develops a game engine to help power 3D games.
CyrusOne Wins Hosting Provider
Tuesday, May 8, 2012
Houston-based datacenter operator CyrusOne has been selected by a managed hosting provider, Connectria Hosting, to house a Dallas expansion by the provider, Connectria announced today. Financial details of the deal were not disclosed, however, Connectria Hosting said it will use CyrusOne to house a new space to deliver its cloud computing products, as well as offer a disaster recovery option for its clients. Connectria said the expansion will provide a fourth data center location for the company, beyond its existing locations in St. Louis and Philadelphia. CyrusOne operates 23 facilities across the United States, London, and Singapore.
Ziften Technologies Lands $5.5M
Tuesday, May 8, 2012
Austin-based Ziften Technologies, the developer of enterprise monitoring software run by Mark Obrecht, has raised $5.5M in a Series B funding, and launched its first product, the firm said today. The new funding was led by Fayez Sarofim & Co., and also included Andrew Busey, the former CEO of Challenge Games. Ziften said it has launched its new Behavioral Lightweight Intelligence for Stressed Systems (BLISS) software, which helps enterprises to understand, prioritize, and control applications on both physical and virtual desktops. The firm said the funding will go to expand its core technology. Ziften has now raised $11.3M in funding.
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