IdealSpot raises $1M seed round
IdealSpot, a web-based commercial real estate mapping and analysis solution, announced today the launch of their initial suite. The company has raised $1,000,000 from several angel investors and venture capital led by ATX Seed Ventures to fuel its initial launch and market-expansion across the United States. [Press release]
Datical gears up for significant expansion in 2016
Datical, a provider of agile database automation solutions, saw a record surge in revenue and customer growth over the course of 2015, complemented by executive additions and an infusion of venture capital. The company’s overall momentum is indicative of the fact that IT organizations require innovation to keep pace with the growing wave of application releases and resulting database changes demanded by the digital enterprise. [Press release]
Under Armour CEO Kevin Plank will serve as SXSW keynote
SolarWinds completes acquisition
Silver Lake Partners and Thoma Bravo LLC have completed their buy of SolarWinds for about $4.5 billion. Based in Austin, SolarWinds provides IT infrastructure management software to small businesses, government agencies and educational institutions worldwide. The deal was announced in October. [Press release]
Rackspace hires VP of global engineering
Rackspace recently hired a former Red Hat leader to serve as the vice president of global engineering for the cloud computing company. Brian Stein joined Rackspace in late January after leaving his post as senior vice president of engineering and product development at Puppet Labs. [Austin Business Journal]
Perk.com completes acquisition of Viggle
Austin-based Perk.com has completed its acquisition of Viggle, the app developer which had focused on incentives and rewards for viewing content via an app. The deal was worth approximately $4.7M in stock. [Texas Tech Pulse]
Apple Watch recharging strap set to ship in April
The Austin developer of a recharging band for the Apple Watch plans to ship its product in April — five months after its initially scheduled release date. The $250 strap contains three lithium ion batteries that can boost the Apple Watch’s capacity to nearly a full week of light use without an additional charge. [Austin Business Journal]
Know of a company that deserves coverage? Email us a tip.
