Q2 Holdings acquires Social Money for $10.6M
Q2 Holdings, whose subsidiary
makes fintech software, has purchased Social Money. The 12 employees of the Iowa-based company, which makes digital marketing software for financial institutions, will join more than 500 Q2 Holdings employees in Austin. Q2 acquired Nebraska-based Centrix Solutions in July for $20 million. [Austin Business Journal]
Perk acquires rewards company
has announced it will acquire Playerize Network Inc., d.b.a. SuperRewards, for $350,000 and 455,000 Perk common shares. SuperRewards offers incentives to consumers in the form of virtual currency for watching ads and completing surveys, offering brands higher engagement metrics than typical ads and creating a revenue stream for developers looking to monetize their apps. Perk paid $2.5 million to acquire San Francisco-based AppRedeem in September. [Company blog]
Dell unloading business units ahead of EMC acquisition
The Round Rock tech giant is selling off several divisions to finance its EMC purchase. One of those divisions is Quest Software, which Dell is selling to KKR, Thoma Bravo, and Vista Equity.
will also sell off SonicWALL, among other assets. No details on the sales have yet been announced by the companies involved. [Texas Tech Pulse]
Innography acquired by British company
Financial terms weren’t disclosed, but Austin-based software services provider
has agreed to be purchased by CPA Global Ltd. Innography and its 70 local employees will remain in Austin and operate as a subsidiary under CEO John Martin. [Austin Business Journal]
Vista Equity Partners acquires MarketLive and Shopatron
The Austin-based private equity investor plans to merge the two e-commerce companies into one platform in 2016. Shopatron develops order management software, while MarketLive makes tools for quickly launching e-commerce sites. Financial details of the deals were not disclosed. [Shopatron blog]
Favor expands in Texas
The on-demand delivery service is now available in Arlington, Frisco and McKinney, bringing the app’s city count to 18. According to the company, will be available in the three new markets from 11 a.m. to 10 p.m. seven days a week for every restaurant and store in those cities. [Press release]
Instacart adds alcohol delivery in Austin
The San Francisco-based grocery delivery service is now delivering alcohol to select zip codes in Austin and Houston. We couldn’t order any for delivery to our office, but allegedly it’s available in unspecified, "select" ZIP codes near the two cities’ downtown areas. We’ll keep trying. [Austin Business Journal]
Pivot3 Names Bruce Milne as Chief Marketing Officer
According to
, Milne has held executive positions with enterprises such as Vignette (now OpenText), Hyperformix and most recently Socialware, where he was responsible for all aspects of sales, marketing and business development. [Press release]
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