Taking The Pulse Of The Texas Technology Industry
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Taking The Pulse Of The Texas Technology Industry |
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 Wednesday, May 16, 2012 Archipelago Learning Shareholders Give Nod To Merger 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 (More info...) posted on Wednesday, May 16, 2012(Full story) glendonTodd Capital Buys Brazilian Outsourcer 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. posted on Wednesday, May 16, 2012(Full story) Equivalent Data Finds Funding 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. posted on Wednesday, May 16, 2012 (More)(Full story) HomeAway Invests In Chinese Vacation Rentals Site 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 Inv (More info...) posted on Wednesday, May 16, 2012(Full story) Youtoo Puts Facebook Users On TV 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, (More info...) posted on Wednesday, May 16, 2012(Full story) Vista Equity Partners Closes $3.5 Billion Fund 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 s (More info...) posted on Wednesday, May 16, 2012(Full story) Mass Relevance Adds $3.3 Million 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 amo (More info...) posted on Wednesday, May 16, 2012 (More)(Full story) Tyler Technologies Signs Schools, City In Virginia 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. posted on Wednesday, May 16, 2012(Full story) |
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