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, June 23, 2016 Icontrol Networks' Austin Arm Acquired By Comcast Icontrol Networks, which develops smart home automation products, said Thursday that its Austin, cable business unit has been acquired by Comcast. The remainder of the company has been sold to Alarm.com. Financial terms of the acquisition were not disclosed. Icontrol Networks' Austin office developed the platform which is behind the Comcast Xfinity Home systems. posted on Thursday, June 23, 2016(Full story) ShippingEasy Acquired By Stamps.com For $55M Austin-based shipping software developer ShippingEasy has been acquired by Stamps.com, in a deal worth $55M in cash, the two said this week. ShippingEasy develops a web-based, multi-carrier shipping software product that helps e-commerce providers process, fulfill, and ship their products. ShippingEasy is led by Katie May, who became CEO of ShippingEasy in 2012 and moved its headquarters to Austin. posted on Thursday, June 23, 2016(Full story) Denali Holdings Gets $3.25 Billion In Debt Offering Round Rock-based Denali Holdings, the parent company of Dell, said on Wednesday that it has raised $3.25 billion in a private offering of Senior Notes, related to its upcoming acquisition of EMC. Deanli issued $1.625 billion in 5.875 percent Senior Notes due in 2021, and $1.625 billion in 7.125 percent Senior Notes due in 2024. Both of those offerings are going directly towards the Dell-EMC merger. posted on Thursday, June 23, 2016(Full story) Sharp BancSystems Acquired By Nymbus Bedford, Texas=based banking and financial systems software developer Sharp BancSystems has been acquired by Miami-based, financial API provider Nymbus, the two announced this morning. Financial details of thed eal were not disclosed. Sharp BancSystems was founded in 1987. The two companies said that the acquisition came about as a result of a the need for significant capital to "rewrite and replace" (More info...) posted on Thursday, June 23, 2016(Full story) |
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