Payment Data Systems Buys Akimbo of San Antonio for $3 million

Louis Hoch and Houston Frost. Payment Data Systems just bought Frost's company, Akimbo Financial.

Payment Data Systems, an online payments company, announced Tuesday it has acquired Akimbo Financial for $3 million. Payment Data Systems is buying the company with common stock in two tranches with up to $300,000 in cash if any liabilities are assumed. Akimbo, founded in 2010, has raised $850,000 in investment. The company, based at Geekdom, […]

BidPrime Opens New Headquarters in Austin

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BidPrime announced it has opened its new company headquarters in Austin. The company, which has 16 employees in Austin, moved to 1301 S I-35 Suite #101. It also has offices in Seattle and Dallas. The company has grown significantly in the past two years and needed more space, according to company officials. It manages operational […]

Wisegate Lands $4 Million in Venture Capital

Sara Gates, CEO and Founder of WiseGate, photo courtesy of the company

Wisegate, a platform for information technology professionals to network, announced Tuesday it has closed on $4 million in venture capital. The Austin-based startup reported that Arcus Capital Partners led the Series B round with participation from Series A investors including Central Texas Angel Network, Atlanta Technology Angels, Golden Seeds and Cowtown Angels. To date, the […]

General Assembly to Open a Campus in Austin

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General Assembly, an educational instruction company focused on technology, business and design, has announced plans to open a new campus in Austin. The company plans to begin offering students in Austin classes and workshop this month. And in early 2015, it plans to offer full-time immersive programs and part-time courses in topics such as web […]

Ridesharing Under Heavy Regulation in San Antonio

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Ridesharing is in the hotseat in San Antonio. Last Thursday, the San Antonio City Council passed changes to its code to allow services like Lyft and Uber to operate legally in the city. But Uber and Lyft call the city’s regulations too costly and cumbersome. Uber reported it might leave the city altogether if the […]

Kingdom Games Buys 4Soils

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Kingdom Games has acquired 4Soils, a children’s Bible app producer. The terms of the deal were disclosed. Austin-based Kingdom Games reports the acquisition “strengthens its mission to provide ethical and moral games to upcoming generations of all ages.” “We are thrilled to have 4Soils join the Kingdom Games family,” James Parkman, Studio Head of Kingdom […]

Epicor Software Buys ShopVisible

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Austin-based Epicor Software has bought ShopVisible, which makes cloud-based retail order management software, based in Atlanta. Epicor Software makes software for retail, manufacturing and distribution businesses. The terms of the acquisition were not disclosed. The company has more than 20,000 customers in 150 countries. “We are excited about this acquisition, as ShopVisible has spent several […]

Periscope Holdings Buys BidSync

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Austin-based Periscope Holdings has acquired BidSync, a cloud-based procurement and bid notification service for the public sector. The terms of the deal were not disclosed. Parthenon Capital Partners, Periscope’s private equity partner, assisted in the acquisition. Our acquisition of BidSync is incredibly exciting and we are thrilled to bring these two public procurement industry leaders […]

OutboundEngine Lands $11 Million in Venture Capital

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OutboundEngine, an email, social media and content marketing platform, has closed an $11 million Series B funding round led by Silverton Partners. Other participating in the round were Noro-Moseley Partners, Harmony Partners, Altos Ventures and Capital Factory. The Austin-based startup plans to use the money on office expansion, product development and new vertical markets. “The […]

Michael Dell Talks About Taking Risks as a Private Company

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By LAURA LOREK Reporter with Silicon Hills News The Aspen institute, an educational and policies studies organization based in Washington, D.C., launched Aspen Across America, a series of talks with extraordinary individuals Wednesday night. The series kicked off at the Blanton Art Museum with a talk between Journalist and world-renowned biography Walter Isaacson and one […]

Texas Venture Labs Fall Expo Showcases New Startups

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By LAURA LOREK Reporter with Silicon Hills News The Jon Brumley Texas Venture Labs at the Univerity of Texas at Austin showcased 12 Austin startups and three Alumni companies at its Fall 2014 Expo last Friday. The companies presented in three different categories with the consumer products and services startups kicking off the event at […]

The Bunker Austin Launches to Help Veteran Led Startups

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The Bunker Austin, a program geared to help veterans become entrepreneurs, has launched at the University of Texas at Austin. Joseph Kopser, founder and CEO of RideScout, and Craig Cummings, co-founder, donated $70,000 to provide a Student Veteran Entrepreneurship Endowment. The seed fund is earmarked for students with veteran status at the University of Texas […]

TeVido BioDevices Launches IndieGoGo Crowdfunding Campaign

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TeVido BioDevices, which prints 3D nipples crafted from human cells, has launched a crowdfunding IndieGoGo campaign to raise $35,000. The Austin-based company recently received a Small Business Innovative Research grant from the National Cancer Institute of the National Institute of Health and a grant from the National Science Foundation for total funding worth $900,000. It […]

Austin-based Revionics Raises $30 Million from Goldman Sachs

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Revionics, a retail software maker, has announced it raised $30 million in venture capital from Goldman Sachs. The Austin-based company plans to use the funds to expand its global market share and for research and development on its software products. As part of the deal, Hillel Moerman, co-head of the Goldman Sachs Private Capital Investing […]

Austin-based Boundless Network Acquired by Zazzle

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Boundless Network, founded in 2005 in Austin, just got acquired by Zazzle, an online promotional products company, according to Promo Marketing Magazine. The terms of the deal were not disclosed. Austin Ventures has backed Boundless Network, which makes custom-printed promotional items for companies. It has raised an estimated $17 million since its inception, according to […]

Building an Innovation Zone in Austin

Dr. Clay Johnston, inaugural dean of the Dell Medical School at the Austin Chamber's Innovation Summit, photo by Susan Lahey

By SUSAN LAHEY Reporter with Silicon Hills News Austin is poised to become a global center of innovation, especially in the field of life sciences and medical research, but there are some big hurdles to overcome and potential threats that could knock the city off its trajectory, if it’s not careful. That was the bottom […]

More Venture Capital Needed for Life Science Startups

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By LAURA LOREK Reporter with Silicon Hills News Building a regional life science ecosystem requires venture capital. And San Antonio has a shortage of venture capital, said John Kerr with Texas Next Capital. “The critical factor, I don’t care whether you’re in San Antonio or Timbuktu, for all of these companies, is access to capital,” […]

Promoter.io Helps Companies Collect Customer Feedback

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By Laura Lorek Reporter with Silicon Hills News How likely are you to recommend our company to a friend or colleague? That’s the key question behind San Antonio-based Promoter.io, founded by Chad Keck and Ricardo Reyna. “Our core goal is to help other companies consistently drive new profitable growth,” Keck said. Promoter.io, a customer analytics […]

The World Stem Cell Summit Kicks Off in San Antonio Tuesday

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Researchers have used Stem Cells, known as the body’s master cells, to treat a variety of illnesses. The cells, taken from adults or embryos, “offer the possibility of a renewable source of replacement cells and tissues to treat diseases including macular degeneration, spinal cord injury, stroke, burns, heart disease, diabetes, osteoarthritis, and rheumatoid arthritis,” according […]

It’s Time to Sign Up for Google Fiber in Austin

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Google Fiber sign ups have gone live in South and Southeast Austin. Residents in those areas can now sign up for Internet that’s 100 times faster than today’s basic speeds. “This is just the beginning,” Mark Strama, head of Google Fiber Austin wrote in a blog post Monday. “We’ll be opening new areas of the […]