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 [...]