SmarteSoft raised $2M from Daylight Partners and the Central Texas Angel Network, according to recent news reports. Smartesoft’s test automation technologies enable non-technical users to completely develop test suites from scratch. The functional and performance test products are designed for extreme speed of implementation, and do not require any programming or scripting skills. Customers range [...]
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The Panel Picker is back! SXSW wants to know who you want to see on a panel at SXSW Interactive in 2009. The folks at the festival are interested in your feedback, although your votes are not binding, and who knows what sort of cool new stuff could happen between now and March! Officially your [...]
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The Rackspace (NASDAQ: RAX) IPO priced, floating 15 million shares at $12.50 per share, netting the company roughly $180M in cash, which is significantly lower than the $400 they hoped to raise. This gives the company a market cap of well over a billion dollars. Noting that good companies don’t go public in bad markets, [...]
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Austin-based Hyper9 (formerly InovaWave) announced additional funds in their $7.2M Series B round from Maples Investments. Mike Maples Jr. is a former Austinite, and was previously an executive with Motive and Tivoli. His first fund at Maples Investments was staked with around $15M from Austin Ventures, and that fund is invested in startups such as [...]
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Austin-based Bazaarvoice seems to have a steady stream of announcements with the top ecommerce sites, with Buy.com being the latest. Buy.com shoppers can now post product questions alongside standard product information to be answered by other consumers who have direct experience with the product in order to help customers make the best possible purchasing decisions. [...]
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by Greg Garrison
How do current economic conditions affect your recruiting efforts here in Austin? Austin may not be as heavily impacted by the slowing economy as much as other markets, but the current national economic situation most certainly impacts our local recruiting efforts.
Candidates are cognizant to the fact that oil is $140 a barrel, gas [...]
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Intersil, a maker of analog chips, announced a definitive agreement to acquired Austin-based D2Audio, a maker of digital audio power amplifiers, and member of the Austin Emerging 100. The terms of the deal were not disclosed.
D2Audio was founded in 2002, and had received over $50M in funding over the years from various firms including Austin [...]
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It all started during SXSW 2008 at Porter Novelli’s big Mix and Six kickoff party. I met Pete Cashmore, and the Mashable crew was talking about doing events all across the country. No nationwide tour of tech hotspots would be complete without a stop in Austin, and it wasn’t long before I started working with [...]
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SeedStage Studios is launching a series of services today that are squarely aimed at the early stage technology companies in Austin. The company produces creative video for emerging companies. Company co-founder Charles Dykes tells us “The corporate spoofs that are so prevalent on the web today might be a fun way to experiment with media, [...]
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Convio, an Austin-based company that provide SaaS CRM software for the non-profit market, is announcing record revenues today which has allowed them to turn the corner on profitabiity. In Q2 the company logged $14.7M in revenue, a 35% increase over the same quarter in 2007. Those sales numbers resulted in $1.3M in operating cash flow.
Almost [...]
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