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, […]

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 […]

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

The team behind Promoter.io, courtesy photo from the company

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 […]

Rackspace’s Thanksgiving Day Food Drive Helps Needy Families

Rackspace's Lawrence "SugarBear" Reyes and his infant daughter greet the crowd at Rackspace's Thanksgiving Day Food Distribution event.

By LAURA LOREK Reporter with Silicon Hills News A voucher for a free turkey and a box of food items from Rackspace came as a surprise to Robin Dysart. Crestview Elementary School sent the voucher home with her daughter. “It means the world to us, we’ve been having some difficulties for the last few years,” […]

Rackspace’s Chairman Invests Millions in its Stock

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Rackspace Chairman Graham Weston has been bullish on his company since he made his initial investment to found the hosting company in 1999. And now, he’s investing even more in the San Antonio-based managed cloud company. This week, Weston announced he has purchased $2.5 million or 58,400 shares of the company’s stock on the open […]

Encouraging Girls to Become Engineers

Luz Cristal Glangchai, founder of VentureLab, photo courtesy of VentureLab

Luz Cristal Glangchai, a scientist and founder of VentureLab in San Antonio, spoke last month at the fifth annual TedXSanAntonio event. Glangchai wants more girls to become engineers. She runs a nonprofit organization which teaches kids as young as five to high school age skills in entrepreneurship and to experiment in the science, technology, engineering […]

WiseWear Corp. Launches Evolve, a Wearable Fitness Device

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At Geekdom Friday night, WiseWear Corp. officially launched Evolve its all in one wearable fitness tracking device. “It’s been a wild journey this past year,” said Gerald Wilmink, the company’s founder and CEO. The San Antonio-based startup, founded in 2013, plans to kick off a Kickstarter campaign to pre-sale the device, which can be worn […]

San Antonio-based Infocyte Lands $500,000 in Funding

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By LAURA LOREK Reporter with Silicon Hills News Infocyte Inc. just landed $500,000 in seed stage funding led by Austin-based LiveOak Venture Partners. The San Antonio-based startup plans to use the funds to further develops Pulse, its cyber security assessment platform. This is LiveOak’s first investment in San Antonio. “The Infocyte team has a storied […]