Business is booming for Austin, Texas-based identity theft protection company CSIdentity. By offering a comprehensive suite of business and personal security solutions targeting all aspects of identity theft, CSIdentity has grown exponentially since the beginning of the year with no signs of stopping. The company hit the one million mark in the number of lives it is protecting through its suite of products and retail and wholesale relationships. And, as a result, CSIdentity is reporting [...]
This past weekend was the first ever InnovationCamp Austin held at GSD&M. Done in the “unconference” style of BarCamp, InnovationCamp set out to explore many aspects of innovation in our great city. Austin 3.0′s take on the event, Part I and Part II. David Giesberg writes about his impressions and posts some pictures. A post from Michelle’s Blog. From all the postings it seems like everybody really enjoyed the event, as well as the after [...]
Book your tickets now for the Austin stop of Mashable Summer US Tour. When the Mashable folks were making plans for which cities to visit for their US Tour, we told them Austin had a thriving tech scene and had some cool social media companies that were up and coming. The Austin Tech Happy Hour is teaming up with Mashable for this event, so this will officially be the happy hour’s July event. The event [...]
There’s been lots of local conversation about how to unite a group of people with a common interest — those who create technology startups. There are great resources like the Rice Alliance, ProductCamp, Texchange, the Austin Technology Council, and many many more. If you’re not familiar with the grassroots efforts of the folks behind the Startup District, you should be. They just secured a new co-working space, so you’ll be hearing more about that soon [...]
MPOWER Ventures, a socially committed venture fund dedicated to investing in solutions that empower the underserved worldwide, today announced its investment in Sapphire Mobile Systems of Philadelphia, PA, a pioneer of mobile banking and payments solutions accessible from any mobile handset via Short Message Service (SMS). Under the terms of the investment, MPOWER Ventures has rebranded the company MPOWER Mobile, Inc. and relocated the company headquarters to Austin, Texas. Co-founders Moneet Singh and Neeraj Bansal [...]
Austin Ventures today announced that it has entered into a partnership with Sherman Atkinson to form ATCOR Holdings, Inc. The new company will focus on acquiring and operating businesses in high-growth sectors of online advertising, marketing and digital media. AV has committed $50 Million of equity capital to support management’s strategy to build a leading new media franchise through both organic growth and acquisition. Mr. Atkinson will serve as Chief Executive Officer of ATCOR. “Sherman [...]
Bazaarvoice has raised their next series of financing, closing a $7.1M Series C round. The list of current investors came to the table again for Bazaarvoice, including Austin Ventures, Battery Ventures, First Round Capital, and European Founders Fund. The valuation for this round was not disclosed, of course, but was only described as an “up round” which is not a surprise. This round of financing brings the total amount of capital raised to $19.6M. The [...]
The Dallas Cowboys are getting into the social media craze. Tapping Austin’s Pluck for assistance, the Dallas Cowboys have announced plans to add social media capabilities across the team’s fan and retail sites. Given the intersection of sports and technology, this combination makes sense for all football fans out there. According to Derek Eagleton, internet director for the Dallas Cowboys, their “fans are interested in engaging with our players, staff and each other online more [...]
Guest blogger Doug Wick works for Powered and blogs on their Engaged Consumer site, as well as his own personal wicksite. This past Saturday I finally got to attend my first “unconference.” ProductCamp Austin, an offshoot of the successful and irreverent BarCamp format, convened bright and early at 8 a.m. The event was held at St. Edward’s Professional Education Center. Following the unconference mantra that “there are no attendees,” the agenda and event were all arranged [...]
Alcatel-Lucent stepped up to the plate today and made an offer to acquire all the shares of Motive for $2.23 per share. Only a fool wouldn’t take that. That share price makes the purchase price about $68M. The company has about $32M in current assets, which means that the company’s value as an entity that produces $18M per quarter in sales (with no margin) is worth $36M. The company’s troubles started when they built a [...]
