TECH DEALS

Two Austin companies make acquisitions to ramp up growth

Everfest and Apogee say the deals will expand their offerings.

Posted September 21st, 2016

Two Austin technology companies -- Everfest, an online festival hub, and Apogee, which provides on-campus residential networks -- are growing through acquisitions.

Everfest, which runs an online community that connects festival goers, is buying Fest300, a San Francisco-based digital magazine that focuses on festivals.

Financial terms of the deal were not disclosed. 

Everfest said the deal will add an editorial voice to its community of 15,000 festivals worldwide and 2.5 million monthly festival fans. 

The Everfest platform is aimed at festival organizers, attendees, vendors, artists and sponsors.

The two sites will combine under the Everfest name and continue the annual Fest300 awards, which recognize the world's 300 best festivals.

Everfest was founded in 2015 by former uShip executives Jay Manickam and Brad Dixon, and Paul Cross, founder and former CEO of Tickebud. The company has raised $2.5 million from investors including ATX Seed Ventures and Bob Kagle, co-founder of Benchmark Capital.

"This acquisition accelerates the growth of our worldwide community of people who value offline festival experiences," Manickam said. "Together we will deliver more of what our FestClub community desires."

Meanwhile, Apogee said it has acquired OrcaTV, a Philadelphia-based digital media company, for an undisclosed amount.

Apogee, founded in 1998, provides colleges and universities with high-speed residential networks for telecommunications and cable services.

OrcaTV is the creator of the Campus Life Channel, which collects and curates student and faculty submitted fliers, videos and social media and displays the content as a channel.

The goal of Campus Life is to simplify communication on college campuses and inform and engage the university community by bringing different forms of content to one place.

Apogee CEO Chuck Brady said that by integrating OrcaTV with Apogee's services, "administrators now have at their disposal an innovative platform to connect with students, as well as the ability to use video as a tool to solve the challenge of delivering relevant and important campus information in a timely way."

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