BAE Systems Opens New Austin Manufacturing Center

BAE Systems has finished building its new Austin manufacturing center. The center focuses on technology for defense, aerospace and security industries. The company held a ribbon cutting ceremony on Tuesday. “This new facility will enable us to quickly produce and deliver next generation electronic systems directly to our war fighters,” Lisa Aucion, director of Integrated […]

Affinegy acquires Sagemcom’s business unit and expands internationally

Affinegy, which makes software for cable boxes and other devices, announced Tuesday that is has acquired part of Sagemcom’s business. The terms of the deal were not disclosed. The Austin-based software company says the acquisition will grow its employees by 40 percent and add an engineering and business group in Dallas and a customer support, […]

When will this Tech Bubble Burst?

A year ago, Bob Metcalfe, co-inventor of the Ethernet, told TechCrunch that there is a social networking bubble. On Saturday, Metcalfe, University of Texas professor of innovation, told a group of 280 journalists that a tech bubble still looms. He pointed to the recent acquisition by Facebook of Instagram for $1 billion as proof. Metcalfe […]

An interview with Loku’s CEO Dan Street

Loku is a local search site that promotes local discovery and highlights the quirks of each city. Loku recently released a mobile application that lets users discover what’s happening right around them like events, restaurants, news and tips as well as it lets users establish themselves as local experts for their cities. With the release […]

W20 Group acquires Austin-based Ravel

W2O Group has acquired Austin-based Ravel. All of Ravel’s employees will join W2O Group. The company also has acquired all of Ravel’s big data technology, pending patents and software assets. The terms of the deal were not disclosed. CEO Jim Weiss founded W2O Group. It operates a network of marketing, communications, research and development firms […]

Get Lean with The Lean Startup Machine Weekend in Austin

When I first heard about The Lean Startup, I thought it was a weight loss program for entrepreneurs. Then I launched my own startup news site and an executive at Rackspace, the site’s first corporate sponsor, sent me Eric Ries’ bestselling book via UPS. That night I cuddled up with the blue book and a […]

Umbel raises $3.7 million

Umbel, which measures digital audiences, Tuesday announced that it has raised $3.7 million. Austin Ventures led the Series A round. Other investors included Herbert Simon, Chairman and Director of the Simon Property group and owner of the Indiana Pacers, and Gordon Paddison, CEO Stradella Road, and former EVP New Media Marketing at Newline Cinema. The […]

Lumeris to hire 100 at its new Austin software engineering and innovation center

Lumeris announced plans Tuesday to build a software engineering and innovation center in Austin and to hire 100 software engineers, project managers and consultants. The St. Louis-based healthcare technology company develops software applications for healthcare providers to access on the Internet. Its technology seeks to improve quality and reduce healthcare costs. Lumeris has raised $220 […]

The Austin Technology Council Creates a Community Foundation

The IRS has approved the Austin Technology Council’s application for 501 C3 or nonprofit status for the ATC Community Foundation. ATC created the public charity in response to its members request for a nonprofit organizations to handle donations from the greater Austin technology industry. “The ATC Community Foundation will educate, inspire and lead Central Texas’ […]

TechStar Cloud Companies Energize San Antonio’s Technology Community

TechStars has incubators in Boulder, Boston, Seattle, New York and San Antonio. Hey wait, how did San Antonio snag a high-tech incubator? The investors demanded it, said Nicole Glaros, managing director of TechStars Boulder. She relocated to San Antonio for three months to aid Jason Seats, managing director of the TechStars Cloud. And by all […]