Apollo Global Acquires Rackspace for $4.3 Billion

Apollo Global Management Friday announced plans to acquire San Antonio-based Rackspace for $4.3 billion. Apollo plans to acquire the company for $32 a share in cash and will take the company private in the process. As part of the deal, funds managed by Searchlight Capital Partners will make a strategic equity investment in Rackspace. The […]

Best Buy Selects San Marcos for E-Commerce Sales Operation

Best Buy has selected San Marcos as the location for its e-commerce sales operation with plans to hire 25 employees. The Greater San Marcos Partnership announced the deal Tuesday. “We’re pleased to have reached an agreement to bring this e-commerce sales operation to the City of San Marcos and Hays County,” Best Buy spokesman Shane […]

TPG Capital Buys Grande Communications for $650 Million

TPG Capital, a private equity firm, announced Monday plans to buy San Marcos-based Grande Communications Networks for $650 million. The firm also announced plans to buy RCN Telecom Services of Princeton, New Jersey for $1.6 billion. It purchased the companies from ABRY Partners in separate transactions. William Morrow founded Grande Communications in 1999 and served […]

Rackspace Sells Cloud Sites Business to Liquid Web

Rackspace Hosting, based in San Antonio, on Monday announced plans to sell its Cloud Sites business unit to Liquid Web, based in Lansing, Michigan. The financial terms of the deal were not disclosed. The business will remain in San Antonio, according to a news release. Liquid Web, a $90 million a year web hosting business, […]

Rackspace Reportedly Close to a $3.5 Billion Buyout

Rackspace Hosting, the managed hosting and cloud computing company based in San Antonio, is reportedly close to closing a $3.5 billion deal with Apollo Global, a private equity firm, to take Rackspace private, according to reports in the Wall Street Journal, Fortune and numerous other publications. In 2014, Rackspace announced it had retained Morgan Stanley […]

On the Hunt for Pokemon in San Antonio

By Laura Lorek Reporter with Silicon Hills News More than 1,000 Pokemon Go players met to go on a “Hunt” in downtown San Antonio Saturday for Pokemon, Pokestops and to do battle at Pokemon Gyms. “I just wanted to try to get everyone together. With all of the events happening in our world right now, […]

Ten Things to Know About Pokemon Go in Central Texas

Pokemon Go launched July 6th and has become an instant hit. During the day and at night, Pokemon Go players gather at shopping centers, parks, schools and other landmarks in the area to hunt for Pokemon, pocket monsters that range in abilities, power and status. By capturing Pokemon, the players can level up and once […]

SXSW is Accepting Programming Submissions for 2017

Got a thought-provoking and creative idea for the tech and entertainment industries and want to share it with the world? Then you might consider submitting that idea for a solo talk or a panel discussion at South by Southwest Interactive, Film and Music for the 2017 conferences. SXSW just last week announced it was now […]

Web Summit Seeks to Boost Female Attendees

The Web Summit, one of Europe’s largest technology conferences, wants to diversify its attendance base and is seeking to boost the number of women attending the conference from less than 30 percent in 2015 to 50 percent this year. Conference organizers launched a “Women in Tech Initiative” and are offering a $50 discount code for […]

Cybersecurity Incubator Launches in San Antonio

The cybersecurity industry in San Antonio just got a major boost with the announcement Thursday of a new incubator, Build Sec Foundry. The incubator, which will be based at Geekdom, a technology coworking site in the Rand building downtown, is a partnership among CyberSecurity San Antonio, the Austin Technology Incubator and the 80/20 Foundation. “San […]