Pricelock Bails On Houston

Pricelock, a firm which is focused on allowing businesses to lock their fuel prices, said Monday that the firm is moving its headquarters from Houston to Silicon Valley. The move came in conjunction with the hiring of Naveen Agarwal, former President of E*Trade Capital Management, as Chief Operating Officer. The firm said the move was made to "tap the entrepreneurial culture and deep pool of talent in Silicon Valley." Pricelock is venture backed by Goldman Sachs and Artiman Ventures.