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| Subject : | Austin XL Feb 22 |
uShip, founded 18 months ago by four MBA students at UT Austin/McCombs School of Business, officially launched. The company is in the process of securing a first round of external financing. uShip bills itself as "the nation?s first and largest online peer-to-peer shipping marketplace ? think ?the ebay for shipping." uShip uses its patent-pending search technology to match oversized shipments with feedback-rated professional movers, couriers and individuals who are already traveling along the shipment?s route.
The City of Overland Park Secures Interior with Mirage Networks Mirage Networks, Inc., a provider of security solutions for Interior Defense, today announced that the City of Overland Park, KS has implemented the Inverted Firewall to protect its internal network from rapidly propagating threats and network misuse. Based in Austin, TX, Mirage Networks is funded by CenterPoint Ventures and Adams Capital Management.
BusinesSuites, the Austin-based operator of office business centers, promoted of Ronnie Bulanek to Vice President of Technology and Nancy Brown to Vice President of Development. In this position, Ronnie will build and manage the technology team and oversee the delivery of technology services to clients. Additionally, he will seek and implement new opportunities to provide technical services to client and promote technology internally to improve productivity and client satisfaction. Nancy will add responsibilities for facilities management, assessing growth opportunities, products and pricing, sales training and support, and coordinating corporate client relationships.
Perficient Secures $4 Million in New Acquisition Financing from SV Bank Perficient, Inc. (NASDAQ:PRFT - News), a eBusiness solutions provider, announced a new acquisition credit facility with Silicon Valley Bank. Funds drawn under the facility, which is subject to completion of legal documents, will be used to finance the cash portion of accretive acquisitions, pursuant to Perficient's previously announced acquisition program. The new facility increases the total size of the company's Silicon Valley Bank credit facility from $6 million to $10 million. Perficient currently has $0 drawn against its credit facility. "The availability of this additional, well-priced capital will enable Perficient to aggressively execute against our target of becoming a $100 million IT services provider by the end of 2006," said chairman and chief executive officer Jack McDonald.
Cirrus Logic CEO Adopts Rule 10b5-1 Trading Plan Cirrus Logic Inc. (Nasdaq:CRUS - News) today announced that David D. French, president and chief executive officer, has adopted a stock trading plan to sell a portion of his company stock over time as part of a strategy for asset diversification and liquidity. The stock trading plan was adopted in accordance with guidelines specified by the Securities and Exchange Commission's Rule 10b5-1 under the Securities Exchange Act of 1934. Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans, pursuant to which insiders can diversify their investment portfolios.
TippingPoint Reports Q1 Net Loss of $4.8 Million TippingPoint Technologies, Inc. (Nasdaq: TPTI - News) today reported financial results for its first quarter ended April 30, 2004. The company reports revenues of $3.9 million for the three months ended April 30, 2004, an increase of 42% from the previous quarter ended January 31, 2004. Net loss for the quarter was $4.8 million, compared with $4.6 million a year ago and $3.3 million for the previous quarter. Included in the net loss were $835,000, $124,000 and $626,000 of stock-based compensation for the three-month periods ended April 30, 2004, April 30, 2003 and January 31, 2004, respectively. The company's cash and cash equivalents were $30.2 million at April 30, 2004.
Ray Allen Joins 360Commerce VP of Development 360Commerce announced that Ray Allen has joined its executive team as vice president of product development. In this role, Allen will head up 360Commerce's product division, which is dedicated to producing high-quality store and enterprise software applications for retailers. Allen assumed his new role on June 1, 2004, and reports directly to the company's CEO, Charles Boyd. Allen joins 360Commerce from The Home Depot where he served in a management capacity for over a decade, with the last three years as Director of Store Solutions.
Austin Ventures Participates in MegaPath Networks $16.5 Million Venture Funding MegaPath Networks, a provider of secure access and managed network solutions, has raised $16.5 million of equity funding with lead investments made by GM Capital Partners and Comcast Interactive Capital. Previous MegaPath investors US Venture Partners, Centre Palisades Ventures and Austin Ventures also participated. The investment positions MegaPath to aggressively pursue strategic acquisitions and development efforts to expand its managed services suite -- ensuring that customers of all types and sizes continue to benefit from the industry's most comprehensive access, VPN and security solutions. Privately held and founded in 1999, MegaPath is headquartered in Pleasanton, Calif.
AustinXL Events Business Success Ctr ?s ?Sales, Marketing & the Law? for owners June 8 Success tips & tricks of direct mail, promotions, image marketing, global
alliances, & international marketing plus legal pitfalls from expert panel. Plus
?Sales Post 911? with Selling with Integrity author Sharon Drew Morgen. Time:
9am-1pm. Seating limited. RSVP 933-1983.
triplett@bscusa.com Austin Game Conference - September 9-10, 2004 - Sponsorship Opportunities Available The first annual Austin Game Conference took place September 11-12, 2003, at the Austin Convention Center and drew over 850 participants from around the world representing more than 300 companies. Drawing from an international audience with attendees from as far away as China, Korea, France, UK, Hong Kong, Japan and Australia, the Austin Game Conference has attracted a diverse mix of companies exploring opportunities in high growth game markets. Claim your place at the Austin Game Conference and make sure that your message is heard loud and clear. To request an info packet email sponsors@gameconference.com or call 512-633-5341. http://www.gameconference.com web site How To Sell Your Company - June 2, 2004 - Learn Steps in Negotiating a Sale - Understand Deal Structures That can Maximize Proceeds
This seminar is designed to educate sellers about the procedures
used in selling a business. The techniques presented can be applied to
all business, in all sectors. We'll show you how to enhance your
business value and prepare it for sale. Speakers include executives from
Corporate Investment, Austin's leading business brokers, and Austin law
firm Hughes & Luce. For more
information go here.
Jump start your IS career with a master?s from Austin?s premier university for
working adults.
Executive Roundtable ? Ethical Leadership in the Workplace - June 16, 2004 -
11:30 a.m. - 1:30 p.m.
Reporter, Chris Sherman, at
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