Open Source

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Open Source

In huge investment deal, Austin’s WP Engine raises $250M 

WP Engine, which provides hosting for WordPress-built websites, said Thursday it has raised a whopping $250 million to fuel its growth. The Austin-based company received the funding from Silver Lake, a marquee private equity investment firm. Founded...

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As it fine-tunes its business model, Austin-based Snap Kitchen has raised $16M, according to filings

Austin-based Snap Kitchen, which recently left the Chicago market and closed locations in Philadelphia, has raised $16.3 million, according to a new securities filing. The company received the funding in equity and options, warrants or other securities...

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Facebook’s ‘Engagement bait’ crackdown and 2018 predictions from Omarstradamus on Texas Standard

Even while some of us were busy taking extra-long winter vacation naps and cleaning up several tons of wrapping paper off the floor, 512tech and Texas Standard’s radio program rolled along over Christmas and New Year. Here are two tech-related segments...

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Austin-based TrendKite lands $11 million for growth

TrendKite, which helps clients gauge the effectiveness of their public relations, has raised an additional $11 million to accelerate its expansion plans. The Austin-based company, which was founded in 2012, makes analytics software that lets agencies...

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Austin’s Asure Software starts new year with three acquisitions

Asure Software is starting the year with three more acquisitions. The Austin-based company said Tuesday it has purchased TelePayroll Inc. and Pay Systems of America Inc., which both provide human resources,  payroll and employees benefit services...

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Three Austin companies close year by collecting a combined $17 million

Three Austin companies -- two software makers and an LED lighting manufacturer -- have raised a combined $17 million, according to securities filings. Illumitex, which develops LED lights for various industries, has received $7 million, according...

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Thursday Tech Crawl: Tim Cook has to fly in private planes now, Edmunds sizes up new car-safety technology and Apple had a very good holiday season. Again.

Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s happening: Tim Cook will be flying in private planes from now on Apple's board of directors is requiring CEO Tim Cook to fly on private...

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Lawsuit challenges sale of Austin’s Bazaarvoice

Austin software maker Bazaarvoice is facing a lawsuit that contends the company’s planned $521 million sale undervalues the company and hurts its shareholders. The lawsuit, which was filed by a shareholder, says the sales process “was hamstrung by...

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Thursday Tech Crawl: Do Facebook ads exclude older Americans from jobs? Plus, Romanian hackers and more tech news

Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s going on: Facebook, Amazon and others are accused of using Facebook ads to exclude older Americans from jobs Three workers and a large union...

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Austin’s Magnitude Software puts its $100 million war chest to work with another acquisition

Austin-based Magnitude Software is closing out the year with another acquisition. Magnitude said it is purchasing Innowera, an Irving-based business software startup. Financial terms of the deal were not disclosed. Magnitude was founded in 2014 through...

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