Top News

  • Monday, March 2, 2015

    Silicon Labs Wins Patent Ruling At ITC

    Austin-based Silicon Labs reported this morning that it has scored a patent ruling win at the U.S. international Trade Commission (ITC), after an Administrative Law Judge rules that all of the patent asserted against the company's products are either invalid or not infringed. Silicon Labs had been sued by Cresta Technology in February of 2014, over alleged patent infringement related to television tuners.Continue →

     
  • Monday, March 2, 2015

    Krystallize Technologies Finds $1.2M For Cloud Monitoring

    Austin-based Krystallize Technologies said this morning that it has raised $1.2M in a seed funding round, and launched its real time, cloud performance monitoring product. Krystallize said the funding came from a number of un-named angel investors. The company's flagship product is CloudQoS, which it launched today, is a cloud-based performance management and monitoring system aimed at enterprises, hosting providers, cloud service providers and system integrators....Continue →

     
  • Monday, March 2, 2015

    Mavenir Acquired By Mitel In $560M Deal

    Richardson, Texas-based Mavenir Systems, the developer of products for the unified communications market, is being acquired by Mitel, Mitel said today. Mitel said it will pay $560M in cash and stock for Mavenir. The deal is worth $17.94 per share of Mavenir. Mitel said it will pay $11.08 plus 0.675 of a Mitel common share for each share of Mavenir common stock. Mitel said the buy would significant expand its addressable market.Continue →

     
  • Friday, February 27, 2015

    UTSA Gets $9M For Cloud Computing Institute

    The University of Texas at San Antonio (UTSA) has received $9M in an investment to create a new, Open Cloud Institute, focused on creating degree programs around cloud computing and big data, the school said Thursday afternoon. According to UTSA, the effort is being funded by a total of $9M in initial gifts and in-kind investments, with donations from Rackspace, AMD, Intel, Mellanox Technologies, Seagate, and the Open Compute Project and the OpenStack Foundation. $4....Continue →

     
  • Friday, February 27, 2015

    Pluck Sold To Sprinklr

    Austin-based social media and social networking software developer Pluck, which was most recently part of Demand Media, has been sold to New York-based Sprinklr, the companies said Thursday. Financial details of the sale were not announced. Sprinklr said it would use the buy to bolster its enterprise social technology. Pluck was founded in 2003, and had been acquired by Demand Media in 2008 in a deal worth $56.3M....Continue →

     
  • Friday, February 27, 2015

    OpenDoor Targets Dallas With Instant Home Sale Marketplace

    Looking to sell your home in Dallas, nearly instantly? A Silicon Valley startup, Opendoor, said this week that it is looking to bring near instant home sales to the Dallas market, as part of an expansion by the company. Opendoor, which is based in San Francisco, offers up an online site where homeowners can input their address, enter some other information on their property, and instantly get a purchase offer from Opendoor and its investors for that homeowner's property....Continue →

     
  • Friday, February 27, 2015

    FEX DMS Acquired By DealerSocket

    FEX DMS (Finance Express), a developer of automotive dealership management software whose development office is in Richardson, Texas, has been acquired by Dealersocket, the two said on Thursday. Financial details of the acquisition were not announced. FEX DMS develops automotive dealership management systems for the used car industry.Continue →

     
  • Thursday, February 26, 2015

    Mouser Rolls Out Engineering Challenge

    Dallas- and Fort Worth-based Mouser is ramping up the visibility of its campaign with celebrity engineer Grant Imahara, saying that it has launched a new set of engineering challenges called Empowering Innovation Together. The challenges--which are being promoted by Imahara and also includes the involvement of the electronic distributor's partners--will ask engineers to show their designs, through pictures or video, and enter to win bragging rights, swag, and prizes....Continue →

     
  • Thursday, February 26, 2015

    Cyberonics Merges With Italian Medical Device Maker In $2.7 Billion Deal

    Houston-based Cyberonics, a developer of medical devices used to treat seizures, said this mornign that it has agreed to merge with Italian medical device maker Sorin Group. The deal is worth $2.7 billion, in an all-stock deal. Sorin S.p.A. develops medical devices for the treatment of cardiovascular disease. Dan Moore, the CEO of Cyberonics, becomes Chairman of the company. Cyberonics develops neuromodulation products, which are used to control seizures without medication....Continue →

     
  • Thursday, February 26, 2015

    HRsmart Acquired By Deltek

    Richardson, Texas-based HRsmart, a developer of talent management and human resources tools, has been acquired by Virginia-based Deltek, Deltek said this morning. Financial details of the acquisition were not announced by the companies. Deltek said the acquisition will help it offer up a talent management platform for recruiting, onboarding, training, compensating and developing employees. HRsmart was led by Mark Hamdan.Continue →

     
  • Wednesday, February 25, 2015

    2X Software Acquired By Parallels

    Dallas-based 2X Software, which develops application virtualization, remote application delivery, and mobile device management, has been acquired by hosting and virtualization software developer Parallels, the two companies said Wednesday. Financial terms of the acquisition were not announced. Parallels said that 2X Software's virtual desktop and application delivery software would complement its own set of virtual desktop software. 2X Software was led by Nikolaos Makris....Continue →

     
  • Wednesday, February 25, 2015

    SpareFoot On Growth Tear, Aims To Hire 100 New Employees This Year

    Need a job in Austin's growing high tech industry? You might look over at Austin-based online self storage marketplace SpareFoot, which continues to be on a growth tear. The company said last night that it plans to have hired about 100 employees by the end of 2015, to help it continue to grow. According to SpareFoot, so far it has already hired about 20 of those employees, and is still looking to fill the other 80 positions at its headquarters....Continue →

     
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