Xtera Acquired Out of Bankruptcy By H.I.G. Capital

Allen, Texas-based Xtera Communications, which had developed optical transport hardware for sub-sea cables, has been acquired by H.I.G. Capital as part of Chapter 11 bankruptcy proceedings. Financial details of the buy were not announced. H.I.G. Capital said that Xtera's management and technical team will remain at the helm of the business after the acquisition. The acquisition was announced earlier this month.Continue →

Datical: Record Growth In 2016

Austin-based Datical, which develops database release automation software, said this week that it had record growth in 2016, where it more than doubled its year-over-year revenue. The company did not release any financial details behind those revenues. Datical, which is led by CEO Derek Hutson, said it added such customers as NBC Universal, Delta Dental and Radial (formerly eBay Enterprise) during the year....Continue →

Superpowered Heads To Techstars Music Accelerator

Austin- and Budapest, Hungary-based Superpowered, a startup developing real-time, low-latency audio infrastructure for games, VR, music and interactive audio applications on mobile and wearable devices, is headed to a new startup accelerator program from Techstars, Techstars Music. Techstars Music announced a class of 11 new startups for its first ever acceleration program aimed at music applications and startups, with Superpowered the only company from Texas on the list....Continue →

CyrusOne: Strongest Year Since IPO

Dallas-based data center operator CyrusOne says it had its strongest year since its IPO, as revenues grew year to year by 31 percent, to $529.1 million. The company also pointed to a "robust sales funnel" of cloud and enterprise customers, plus grown from its recent acquisition of Sentinel in helping those results. the company said its fourth quarter revenue increases were driven by a 32 percent increased in leased colocation square feet and additional interconnection services....Continue →

Accenture Opens New Technology Center In Houston

Accenture said Wednesday that it has officially opened up a new "innovation hub" in Houston, which it says it will use to help its clients "grow, compete, and transform in the digital economy." Accenture said the "innovation hub" is the first of ten that it hopes to open nationwide, as part of an effort to hire 15,000 new employees over the next four years. Accenture cited Houston's location as an "attractive destination for entrepreneurs and startups" in locating the new center in the city....Continue →

Zinwave Rolls Out New Product

Dallas-based Zinwave, which makes hardware to help with wideband distribution of in-building wireless, said it has launched a new product. Zinwave said its new Small Cell Point of Interface (SC-POI), is a 1U, rackmounted panel which connects up to four to four cells to its UNItivity distributed wireless platform.Continue →

Mailgun Gets $50M, Spins Out From Rackspace

San Antonio-based email automation software provider Mailgun announced this morning that it has raised $50M in funding, and spun out of Rackspace. Mailgun said the funding was led by Turn/River Capital, and also included Scaleworks and Rackspace. Mailgun said the funding will establish it as an independent company from Rackspace, and go towards its product roadmap, growth, and customer support. Mailgun will be led by William Conway, previously GM of Mailgun inside Rackspace....Continue →

Teladoc Connects With Smart Thermometer Provider Kinsa

Lewisville, Texas-based telehealth services provider Teladoc said this morning that it has linked up with connected "smart thermometer" maker Kinsa, with an integration deal. According to Teladoc, the integration with Kinsa will allow its app to automatically detect Kinsa's app on a user's mobile phone, and import up to 10 days of temperature readings into the Teladoc platform....Continue →

Vapor IO Targets Telecom Towers With New Product

Austin-based computing systems developer Vapor IO has rolled out a new product aimed at the telecom market, Vapor Edge for Telecom, which it says is specifically designed for installation at the base of cell-enabled radio towers. Vapor IO said the new product helps wireless telecom companies deploy and manage cloud servers co-located with their base station equipment, letting them deploy and manage cloud servers to deliver edge capabilities for their networks....Continue → Gets $18.7M More

Austin-based, which operates an online service which connects people with others on data projects, has raised $18.7M more in funding, the company said on Tuesday....Continue →

Fonality Acquired By NetFortris

Plano, Texas-based unified communications provider Fonality has been acquired by Netfortris, a provider of cloud-based communications services, the two said today. Financial terms of the acquisition were not disclosed. NetFortris said that it will divide its headquarters between its Seattle and Dallas offices, with the firm continuing to be led by NetFortris CEO Grant Evans.Continue →

Localeur Expands To Canada, In First International Move

Austin-based travel recommendations community Localeur said this morning that it is expanding in Canada, and has now added Toronto and Vancouver to its list of cities across the U.S. and Canada. The company, led by Joah Spearman, says it is now available in over 40 cities. Localeur's community, accessed via iOS and Android apps, is targeted at helping Millenials find local places to eat, drink, and enjoy while traveling. Toronto and Vancouver are the company's very first international markets....Continue →




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