Austin-based Hoovers, acquired by Dunn & Bradstreet in 2002, announced it’s acquisition of Visible Path for an undisclosed sum. Visible Path had raised over $20M from high profile VCs Kleiner Perkins, Menlo Ventures, Silicon Valley Bank, and Integral Capital Partners. Hoovers had been using Visible Path’s technology for the past year to power the beta test of their Hoovers Connect functionality. Hoovers Connect (demo here) works by scanning your Outlook contacts, email, and calendar, then evaluating [...]

Chicago-based vAuto, a company that creates technology for live used-auto data, announced that it’s adding more high tech jobs to its Austin research and development facility on Great Hills Trail. vAuto technology gives car dealers, including 5 of the nation’s 6 largest franchise dealerships, an up-to-the-minute dashboard on used car pricing, appraisals, and stock. The company will showcase its technology at the National Automobile Dealers Association convention next month.

We’re hearing reports today that Cisco has cut 50 employees in their Austin Remote Operations Services (ROS) group up on Research Blvd. That is the former NetSolve that Cisco acquired back in 2004. NetSolve was founded back in 1987, and went public in 1999 at $13/share with almost 300 employees at the time. The rough economy and more competition caused some choppy waters for the company, and Cisco acquired them for just $11/share. Headcount today [...]

SemiSouth Laboratories, a Mississippi semiconductor company, has moved its headquarters to Austin. The move follows on the heals of the appointment of Vess Johnson as President. Johnson, who was previously President of Nascentric, Inc., an Austin Ventures backed company, will now be leading a company that develops silicon carbide electronics and power semiconductors. “We are very excited about establishing a presence in Austin, a vibrant high-tech community”, said Johnson, “We believe this will enhance our [...]

Today’s Q&A Wednesday is with Alan Ren, Founder of uCareer.net, a career website that streamlines the recruitment process both for the employer and the candidate by providing a trusted third party to collect and verify information about the candidate. Why job search, is there room for something new? Why not job search? The US online job search market is huge and was worth about $2.4 B in 2007. There are approximately 17 million users who [...]

DEMO prides itself on being the launchpad for new innovative companies. They want to be the first to break your new company to the media, and if you jump the gun and announce before DEMO, you can actually get kicked out, as mEgo knows all too well. Keeping your company under wraps doesn’t seem to have been a problem for Austin-based Voyant, which launched at the DEMO conference this week in Palm Desert. Voyant is [...]

Austin-based Intrinsity announced $31.5M in series E funding. This puts the total amount raised near $100M. The company provides tools and technologies that allow customers to produce very fast digital logic. In short, if you have the instruction set description of a processor, Intrinsity can use it’s Fast14 technology to build a core that is 2x or 3x faster. This is a significantly large round for an Austin-based company, but not completely out of line [...]

Austin-based Sailpoint Technologies announced the appointment of Darran Rolls to the position of Chief Technology Officer. Sailpoint is a technology company that is creating leading edge enterprise solutions in identity management and compliance. Sailpoint recently raised $10M in a Series B funding, and we featured them in a Q&A Wednesday segment back in November. “Darran is a vital addition to our team at this stage in SailPoint’s growth, bringing a remarkable breadth of experience and [...]

Austin-based Fluid Innovation, the only Austin company accepted into DEMO Fall ’07, has expanded their global reach through a partnership with Secret Sauce, an Australian-based IP commercialization company. Tom Hochstatter, Vice President at Fluid Innovation said“after validating our model in the US we wanted to access the rich stream of innovations being developed by major corporations in Australia and the Asian region. Secret Sauce has the necessary local presence and expertise to accelerate our entry [...]

Put another major online retailer into the growing list of customers at Bazaarvoice. Office Depot joins other huge online retailers like Macy’s, Dell, Petco, and Sears on the customer list. The company has so many major names on their customer list, that’s it’s almost a shock that OfficeDepot is not already a customer. “Office Depot is dedicated to providing the right products and services to help customers take care of business and this new user-driven [...]