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 programs for companies such as HP, Epson, Motorola, and Sony. The company claimed a “record year of growth and [...]

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 Management Partner (RAMP) program.

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 also decrease return rates. The company touts online exercise equipment company SPRI as an early customer, and you can view [...]