In it’s first year of formation, BSG secured $20M in funding, acquired The Concours Group, acquired Industrial Sciences, and acquired New Paradigm. To cap off the year, they’ve announced that Dr. James Cash has joined the board. Jim Cash serves on the board of some of the largest corporations in the world, including GE, Microsoft, Wal-Mart, and Chubb. He retired in 2003 as the James E. Robison Professor and Senior Associate Dean of the Harvard [...]
Accountants to the startup stars, vcfo (Virtual CFO) announced that they are acquiring staffing company Startup Staffing. vcfo’s focus on providing flexible financial and accounting services to startup and high growth companies combined with staffing services focused on startups should prove to be a powerful combination. Startup Staffing founder Greg Garrison will run the new entity which will be known as The Startup Staffing Group, a vcfo Company. vcfo has more than 80 financial professionals [...]
Element Labs, which provides low-energy LED lighting systems to the entertainment industry, raised $12.75M in a Series B funding. Back in June the company announced a new flexible LED video screen that has been a big hit at events like the MTV Video Music Awards, and the X Games. If you take a look at Britney Spears controversial performance at the awards, you can see some of the 125 half-meter Versa TUBEs which were aligned [...]
Heliovolt Corp., Austin’s very only CIGS company which has now raised over $109 million in venture funding, has announced that it will be building a 20-megawatt factory here in Austin. Considering that the Austin City Council recently approved an incentive package worth $600,000 to get Heliovolt to build here, we were surprised that the announcement took this long. However, it appears that not everyone was excited about the prospects of a new factory which will [...]
iTaggit is wrapping up it’s first year of operations, and announcing that the number of users on the system has grown over 200 percent since July 2007. "The success of iTaggit can be contributed to the overwhelming need for an easy-to-use service that helps individuals organize and manage their things," said iTaggit CEO David Altounian. "The passion of our members is what keeps iTaggit growing and constantly improving to better meet the needs of our [...]
Time Magazine is revisiting that tried and true, never-gets-old, hardcore journalistic technique of publishing Top 10 lists at the end of the year. In the list of Top 10 Websites, you will find Austin-based Indeed.com. Pretty cool. The number one gadget of 2007 — what else, but the iPhone. What? It’s not a "gadget" anyway, it’s an important piece of productivity technology! W00t! Stay tuned for our own list…
NewsStand, a digital partner for publishers, announced a deal with the Houston Chronicle today. The Chronicle has created a special edition of the paper named Chronicle in education (CIE) which delivers news to hundreds of thousands of students across Texas. Working with NewsStand they can deploy an eEdition that can be integrated with other technology available in the classroom. Austin-based NewsStand provides digital publishing solutions and services, including archiving, content management and re-distribution, content repurposing, [...]
Click Forensics announced the availability of Click Forensics for Publishers today. It allows websites to automatically block sources of click fraud and poor quality traffic from hitting Pay Per Click advertisements. The news is a little short on details, so I suspect that they are customizing their technology for specific customers. There doesn’t seem to be a way to just submit your credit card and copy some HTML code to your website in order to [...]
Finally making it official today that they’re in the venture capital business, Austin Ventures spin off Sante Ventures formally announced their $130M first venture fund. Lori Hawkins over at The Statesman wrote about it this morning in Tech Monday and there is a news release on the wire. Since they invested a pretty good chunk of money in Spinal Restoration’s B round, we had a pretty good idea they had some capital in the door. [...]
Here’s what’s going on today around Austin technology. Boundless Network has promoted Jeremy Kraybill to the position of CIO. Vignette announced three new patent awards. One of them is rather interesting in that it is a patent award for a feature that can capture, store, and play back web interactions. It could be used to understand consumer behavior, resolve disputes around a customers web interactions, or maybe assist with audit requirements. ReachForce announced their seventh [...]
