TOP NEWS

car2go Releases Growth Numbers

Car sharing service car2go--which now has its North American headquarters in Austin--says it now has 2.2 million members globally, after growing its customer base by 43 percent in its fiscal 2016. The company says its highest membership growth was in Madrid, Berlin, and Vancouver. Here in the U.S., car2go says the most number of members is in Seattle, where it has more than 85,000 members....Continue →


TI Names New Board Member

Dallas-based Texas Instruments said on Thursday that Todd M. Bluedorn, the chairman of the board and CEO of Lennox International, has been elected to the company's board of directors. Lennox International is a multi-billion-dollar manufacturer of heating, air conditioning, and refrigeration equipment. Bluedorn will begin serving on March 1st. Bluedorn also serves on the board of Lennox and Eaton Corporation.Continue →


Planview Acquired By Thoma Bravo

Austin-based Planview, which develops project management and collaboration tools, has been acquired by private equity investor Thoma Bravo, the two announced Thursday morning. Financial details of the acquisition were not disclosed. Planview had been owned by another, private equity investor, Insight Venture Partners. The companies said that Insight Venture Partners will maintain its original, 2014 capital investment in Planview....Continue →


Amazon Expands With New Fulfillment Center In Coppell

E-commerce behemoth Amazon.com announced late Wednesday that it is expanding with another fulfillment center in Texas, which will be its ninth. According to the company, the new "Robotics" center will create 1,000-plus full time jobs. The one million-square-foot fulfillment center will focus on smaller customer items, such as books, electronics and toys, according to Amazon....Continue →


BorrowersFirst Raises $100M In Debt Funding

Austin-based online consumer lending provider BorrowersFirst says it has raised $100M indebt financing, to go towards loan originations and to fund its growth. According to BorrowersFirst, the debt funding came from Waterfall Asset Management. The company said it has now raised more than $400M in capital to support its growth. BorrowersFirstisled by CEO Dave Tomlinson....Continue →


Perk Now Part Of RhythmOne

Austin-based Perk, the loyalty app and program operator, said it is now officially part of RhythmOne plc, after closing of the acquisition of the company. Perk had announced the deal on December 5th. The deal was worth approximately $42.5M in stock.Continue →


Pivot3 Competitor SimpliVity Acquired By HPE For $650M

In an industry shift that might have big impact on Austin's Pivot3, one of the company's major competitors--SimpliVity--has just been acquired by computing giant Hewlett Packard Enterprise (HPE). HPE said it would pay $650M for Massachusetts-based SimpliVity, which shares the converged infrastructure market with Pivot3 and Nutanix. Simplivity's systems--like Pivot3's--are used to converged compute, storage, and networking in a single system....Continue →


Favor Withdraws From Markets Outside Texas

Austin-based on-demand, delivery service operator Favor has withdrawn from all of its markets outside of Texas, as part of an attempt to reach profitability. The company has stopped offering up delivery in Tempe and Scottsdale, Arizona; Denver; Boston; Charlotte, NC; and Nashville and now only lists Texas cities in its list of available areas. Favor is venture backed by S3 Ventures, Tim Draper and Silverton Partners. The company had raised funding and embarked on a major expansion back in 2015....Continue →


Jungle Disk Gains Funding Round

San Antonio-based Jungle Disk, the data security startup which spun out of Rackspace last year, said it has raised additional investor funding, from its existing investors. Size of the funding round, and specific investor names were not announced. According to Jungle Disk, it tripled the amount of growth capital available to the company through the funding. The company said the new funds will go towards marketing and sales. Jungle Disk is led by Bret Piatt....Continue →


Tritium Partners Seeks To Acquire Information, Digital Services Firms

Austin-based private equity investor Tritium Partners, which is headed by veterans of Austin Ventures, said today that it is launching a new acquisition platform, which will specifically look to buy companies in the information and digital service space. Tritium said the new effort will be led by Jason Hogg, of B2R Finance and the former CEO of Revolution Money. Tritium said the newly formed acquisition platform come from its Tritium I funds. Tritium manages over $700M in capital.Continue →


IDERA Wins Notre Dame

Houston-based SQL database management software developer IDERA has signed up the University of Notre Dame as a customer, the company announced this morning. IDERA said the university is using its SQL Diagnostic Manager to monitor its SQL Server infrastructure at the school. Financial impact of the customer win was not announced. IDERA said its software is being used to manage more than 40 instances of SQL Server, containing more than 575 databases, for Notre Dame's database services department....Continue →


DataBank Buys C7 Data Centers

Dallas-based DataBank, a provider of enterprise data center services led by Timothy Moore, said on Tuesday that it has acquired Salt Lake City, Utah-based C7 Data Centers. Financial terms of the acquisition were not announced. DataBank is owned by Digital Bridge Holdings. C7 Data Centers was headed by Wes Swenson and backed by investor Signal Peak Ventures. DataBank said the buy will complement its existing portfolio of data centers in Minneapolis, MN, Kansas City, KS, and Dallas, TX....Continue →



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