N-trig, the provider of DuoSense™ technology combining pen and zero-pressure touch for mobile computers into a single device, announced today that they have completed a fund-raising round of $28 million from Canaan Partners, Evergreen Venture Partners and current investors. In addition to the investment round, N-trig has recently secured a credit facility of $5 million [...]
Filed under: Funding | No Comments »
Today’s Q&A Wednesday is with Justin Britten and Daniel Wilson, founders of a new company named Compulsivo. Their first product is a website that helps companies manage their beta programs named Prefinery.
Q: How did you first get the idea for Prefinery, and how have you bootstrapped it so far?
Prefinery is the outcome of our own [...]
Filed under: Launch, Q&A Wednesday | No Comments »
This is the time of the year when the Austin-based private companies announce that they had record results in 2007. As private companies they never seem to release actual sales figures (except for Zilliant), but they usually express results as percentages. This week we saw results from Powered and Mirage Networks.
Powered creates online consumer learning [...]
Filed under: News | No Comments »
FiveRuns, a company that provides enterprise class management services for Ruby on Rails, announced that Todd Barr has joined the company as Vice President of Business Development. Todd previously held various positions at Red Hat including Senior Manager of Partner Development, and Senior Director of Customer Marketing. Barr will help to expand the Rails Application [...]
Filed under: People | No Comments »
Invodo, an Austin-based provider of online video software and services has raised around $1.2M of a planned $1.5M Series A financing. The company provides rich media management software and services to allow companies to utilize video to engage customers. The company claims that rich, video-based product information will decrease abandonment rates for online retailers and [...]
Filed under: Fundraising | No Comments »
Austin-based Spiceworks, a provide of ad supported IT management software, announced that they are releasing a co-branded version of the Spiceworks product for users of CMP’s bMight.com website. The bMighty website is a CMP community site focused on IT professionals in the small and mid-sized (SMB) category. If you visit the website, you’ll see a [...]
Filed under: Deals, News | 1 Comment »
It’s a little light on the Austin tech news right now. If we don’t start hearing some interesting things about the emerging technology companies in town, we’re going to starting writing editorials about how silly we think it is for Freescale to announce the acquisition of SigmaTel one day, release SigmaTel earning the next day, [...]
Filed under: Opinion/Editorial | No Comments »
It’s been a little crazy over at Yahoo lately. Microsoft wants to empty the bank account in their direction, but Jerry says it’s not enough. Microsoft could take its offer to the shareholders, but Wall St thinks Gates will up the bid. On the same day Yahoo buys another company for around $160M and gives [...]
Filed under: Events | No Comments »
Austin-based Pyxis Technology announced that they have extended their B round to include a strategic investment from KT Venture Group. Existing investors Austin Ventures, CMEA Ventures and Formative Ventures also participated in this round. The new funds will be used to accelerate deployment of the Pyxis NexusRoute high-performance, yield-aware auto-router announced in September of 2007.
Pyxis [...]
Filed under: Funding | 13 Comments »
Dell, which has been a buying spree these past couple of months, has acquired a company in its own backyard, MessageOne. MessageOne, a provider of services for e-mail management, archiving and business continuity, will be rolled into Dell’s Software-as-a-Service suite, for a price of about $155 million in cash. According to Steve Schuckenbrock, president, Dell [...]
Filed under: Deals | 6 Comments »
