Tag: Austin (Page 5 of 37)

Cognitive Scale Launches in Austin

logo-cognitive-scaleCognitive Scale launched Wednesday in Austin.

The startup, founded 18 months ago, has operated in stealth mode until now. Cognitive Scale has created a “cognitive” cloud platform that can mine huge databases and understand natural language to present data in an easy to understand format. The cognitive cloud simulates the human thought processes and mimics how a brain works.

Matt Sanchez, formerly the leader of IBM Watson Labs, founded the company and serves as its chief technology officer. The Entrepreneurs’ Fund, a venture fund for early stage cognitive computing companies started by Manoj Saxena, former general manager of IBM Watson and chairman of Cognitive Scale, is funding the startup.

“There are three jaw-dropping facts that limit the capabilities of Big Data. First is 55 percent of big data initiatives fail. Second is 70 to 80 percent of the world’s data is trapped in silos within and outside company walls with no secure and reliable way to access it. Third, valuable insights are lost because 80 percent of data is not machine readable; this is commonly referred to as “dark data,” Matt Sanchez, founder and chief technology officer, Cognitive Scale said in a news release. “We address these gaps through cognitive computing to help customers improve decision making, personalize consumer experiences and create more profitable relationships.”

The cognitive computing market is expected to grow from $1 billion today to more than than $50 billion by 2018, according to Deloitte.

Cognitive Scale’s cloud platform securely extracts insights from a company’s existing data and makes it easily accessible and understandable. Its technology also understands natural language. The company allows its customers “to create a cognitive cloud in 10 seconds, deliver your cognitive app in 10 hours, and customize it with your data within 10 days using any infrastructure including IBM Bluemix, Amazon Web Services and Google Cloud.” The company’s first applications are being built for the travel, healthcare, retail, and financial services industries.

“Given the massive amounts of data that accumulate every day, especially unstructured data, it’s clear that the ability to go beyond traditional Big Data analytics to solve real business issues remains both a challenge and a top priority for organizations today,” Sue Feldman, CEO of industry analyst firm Synthexis said in a news release. “We need better methods to address complex problems that draw on multiple types of data at scale from both inside and outside the organization. But the combination of advanced technology and industry knowledge that is necessary is scarce. If we are to solve the most critical problems in customer care, healthcare, in finance, in fraud or intelligence, we need platforms that can do the heavy lifting for the rest of us without having to develop them ourselves. That’s what Cognitive Scale has done. For this reason, we see Cognitive Scale as a front-runner in the emerging cognitive computing marketplace.“

Startup Week Founder Jacqueline Hughes: The Person Behind the Community

BY SUSAN LAHEY
Reporter with Silicon Hills News

Jacqueline Hughes at Austin Startup Crawl last year at Capital Factory, photo by Laura Lorek

Jacqueline Hughes at Austin Startup Crawl last year at Capital Factory, photo by Laura Lorek

Jacqueline Hughes seems the antithesis of a typical event coordinator—what Austin Technology Council’s Grover Bynum calls “whistle and clipboard” people. Event coordinators have reputations for being frenetic, type A, wearing frozen, stressed smiles. Hughes, curled up in an easy chair at Techstars Austin, seems relaxed, chill, though she’s in the midst of putting final touches on several major events including her own creation: Austin Startup Week. She’d worked all night until 7 a.m. and was back in the early afternoon to do more.

“It’s kind of exciting to email someone at three a.m. asking for something you need and getting an answer back immediately,” she laughs. “It’s like ‘You are crazy too! What’s wrong with you? Who stays up working until three in the morning?’”

Hughes does. Regularly. Ever since she got introduced to the Austin tech community with her job as community manager for an Austin co-working site, she’s become a fixture at nearly every tech event, many of which she planned and executed. She not only created Austin Startup Week, she’s been either chief planner or involved to her elbows in numerous other events including several major events for Techstars, Made in Austin Career Fair, Rise Week and many SXSW events. The sociology major from Texas State University has become an expert in the sociology of Austin tech. It lets her exercise two of her favorite things: Getting to know interesting people and creating fun events.

The Person Behind the Community

“Sometimes, there are people out front and when you dig a little bit deeper, you find the person behind the person,” said Jason Seats, managing director of Techstars Austin. “I feel like Jacqueline’s the person behind the community. Almost anything that’s happening here, she’s really just one hop away from it, even the things she’s not directly involved in. She knows how all these things plug together, what’s involved, what kinds of things people like to do and don’t like to do. I feel like calling her a connector is underplaying it… I would be hard pressed to pull someone out of the startup community that she hasn’t done something for.”

In a town with more events than calendar days, planning something unique and fun is a huge challenge. Hughes’ take on it is: “I like to see people have fun. I like to see them happy.”

Julie Huls, President of Austin Technology Council with Jacqueline Hughes, founder of Austin Startup Week, at the ATC Battle of the Bands last year, photo by Laura Lorek

Julie Huls, President of Austin Technology Council with Jacqueline Hughes, founder of Austin Startup Week, at the ATC Battle of the Bands last year, photo by Laura Lorek

“What I observe her doing is she gets a rough plan and then she walks through it over and over in her mind,” Seats said. “Every time, she thinks up 15 more small details. Maybe this isn’t the right door for people to go in, because traffic clogs here. ..she likes people to have fun and enjoy themselves and that’s the mindset she has on. ‘Okay, I’m Joe Schmo, what will I think when I walk in? What am I going to see? Will be the music be too loud in this area? Will I be able to meet people? Will I feel awkward?’”

At the same time, Seats said, “She lets things happen the way they’re going to happen.”

Bynum, ATC senior advisor, said Hughes is not only incredibly laid back, but also transparent and eager to collaborate, let events evolve organically, give other people a voice in what the event will eventually become.

“She’s an excellent national ambassador for the city,” he said. “She recognizes that the value of Startup Week is still being determined and instead of trying to figure out what it is, she understands the community, lets different approaches be heard…she introduces the value and lets people chew on it.”
One Startup Week, he said, he wanted to bring his policy and advocacy background into the mix and offer a serious discussion on Internet policy led by a national advocacy group at City Hall. “We really didn’t know what the uptake was going to be,” he said. Though they had some concerns that the event—being less sexy and festive than other sessions—might not draw participants, Hughes encouraged Bynum to go for it. “It turned out we had a full house at City Hall when it might have just been me. That’s been a successful piece of Startup Week ever since.”

Falling Into the Startup World

In many ways, Hughes fell into the startup world and the world of event creation. A product of the Houston suburbs and its traditions—like Cotillion—she discovered a whole new world of interesting, passionate people when she went to Texas State for College.

“I had these amazing teachers,” she said. One class, A People’s History of the United States, gave her a completely new view on the world. “It was the first time I kind of learned that Christopher Columbus wasn’t the nicest guy in the world….I was interested in studying values and norms and it opened my eyes to the fact that I don’t have to fit into a square or a circle.”

imgresShe was living in Austin, a year into her master’s in sociology, when she decided to look for a program where she could get a Ph.D on environmental sociology and she and her boyfriend at the time planned a road trip to schools in Colorado, Utah, California, Oregon and Washington to find the right programs. Then they broke up. On the one hand, her plan had now disappeared and she was a little lost. But around the same time, her grandparents left her $20,000. She took off for London, then returned to the U.S. and spent the rest of the year making the money stretch, taking road trips all over the U.S. and spending tons of time alone.

“I loved it,” Hughes said. “I felt very free. I had this couch on the porch and I would lay on it and read (Harry Potter among others), then fall asleep, wake up, read some more. I napped during the day and only slept three or four hours at night. At one point I went to get a massage and the massage therapist said ‘You don’t have any stress…at all.’ I’m really glad I had that time. I don’t think a lot of people get to have that.”

But eventually the money was running out and it was time to get a job. She was living in Austin and knew networking was key. She got a Twitter account and started connecting with people and going to events. “Someone on Twitter told me about TabbedOut, Foursquare, I started thinking about what else you could do with apps.” This was another whole new world. When she started meeting techies and geeks, she didn’t even know there was code behind websites. But once again, she was surrounded by interesting people tackling cool projects.
After sending out 100 resumes, Hughes was hired to build membership at a co-working space. That year she attended 300 events, going from a life of near total solitude to one surrounded by people.

Bridging the City

“I spent time just meeting people for about six months,” she said. “I was that person who showed up at everything. That was what I was known for, just knowing people. I didn’t think that was really admirable. It came sort of naturally to me to meet people. I have a really good memory. I don’t remember movie quotes or actors but I’ll remember when I first met someone, where it was, what we talked about. People started putting me on a pedestal because I knew so many people. I felt like a phony, like that’s the only skill I have? So I decided to start working on my own startup.”

Hughes wanted to create a platform that would have all the city’s events listed in one place, without having to input the data. It was called Bridge the City and it was to be similar to Foursquare’s new Swarm app.

“One thing I think Foursquare is not as good at is, if I was going to Refresh Austin and it was at Buffalo Billiards, I wasn’t headed to Buffalo Billiards—I was headed to Refresh Austin.” Bridge the City would focus on the events and make it easy to find the people you wanted to meet at those events, something she said no app does well, even still.

She and her cofounders spent three months working on it, then they split up.

“We came together wanting to solve the same problem, but couldn’t align on how to get there. After we released a MVP — an events calendar – we began struggling with direction. Half of the team wanted to build something simple similar to what Swarm looks like, the other half envisioned something closer to what Do512 looks like today. In the end, neither side was willing to compromise and we split up. I think the team was looking to me to steer us in the right direction, and I didn’t step up.”

The Birth of Startup Week

Jacqueline Hughes, photo by Susan Lahey

Jacqueline Hughes, photo by Susan Lahey

Hughes still had the co-working job and started working with startup Qrank, but neither was full time. One day, when she was planning a trip to San Francisco, she created a pitch to ask the CEO of Plancast whether he was interested in hiring her to do community management for that company as well. He hired her. The idea for Austin Startup Week came after Hughes realized that people in Boulder were using the app in a really “interesting way.” Plancast sent her to Boulder where she was introduced to Boulder’s Startup Week. The organizer gave her permission to borrow as many of their ideas as she liked.

The consummate event attender, Hughes wanted to put a lot of the area’s startup activities in the same week and anchor them with something like a UT or Capital Factory demo day. Josh Baer was the first person she approached.

“I wouldn’t say I’m a very good event planner but I’m a very good event creator. I’m really good at figuring out what’s fun. I like to create fun experiences for people…. I’ve worked with some event planners who were amazing. They make my life so much easier. They go through everything I’ve done to make sure I’m not leaving anything out.”

The first Austin Startup Week was in 2011 and those early budgets were meager. One good thing about that was that they had to ferret out interesting locations, like GSDM’s entryway, that could accommodate both their budget and their crowds. Sponsors covered specific events, usually to the tune of a few hundred dollars. But this year the organization decided to take on one big sponsor for each day of the event. Some of the early sponsors included Indeed and AT&T. Meanwhile, Hughes has been responsible for more than 50 events—everything from dinner parties to Startup Week.
She’s become to go-to events person for Austin Techstars.

“I love working for Techstars,” she said. “I have never worked with a group of people who work so hard. Everyone on the team is just so good at the things they’re good at and they trust me to own and be good at the things I’m good at.”

One of the most recent events she threw for Techstars was a retreat at Marfa. She remembered the last night, when they hadn’t brought a cooler so she lined a grocery cart with trash bags and filled it with ice for beer and Seats and a couple others pulled out their guitars and played under the starlight.

“Things that are easy to do in other places are not easy to do in Marfa,” Seats said. “Just finding seating for 40 people at once and catering—we had to have four or five different restaurants cater together when we were on that trip…I think she surprised herself at how well that worked out. It could have been horrible but every part of it was so over-the-top perfect.”

Hughes knows she’s the kind of person who could work herself into the ground. Her four-year-relationship with her boyfriend, Scott Gress, helps her to stay balanced. Gress, who is also working on a startup is an intense worker too. But he helps her know when it’s time to turn off the computer and say she’s done for now.

One day, Hughes wants to be an investor. Starting a business is so hard, she said, she wants to be able to support people’s entrepreneurial ventures. Meanwhile, she’s still more comfortable being the person in the background, making things happen.

“I would love for her to become more comfortable owning the recognition for the stuff she does at this level,” said Seats. “She does so many things for so many people and they get the credit, which is noble and nice and we all are the beneficiaries of it.”

The Central Texas Life Sciences Industry is Booming

By LAURA LOREK
Founder of Silicon Hills News

Scientific researchTeVido BioDevices, a startup in Austin, recreates nipples and other body parts with 3-D printers using human cells.

iTraumaCare in San Antonio has created a life-saving clamp that quickly and easily prevents blood loss.

WiseWear, based in both San Antonio and Austin, has created a patch-like fitness device to track vital signs and more while working out.

Those are just a few of the biotech startups you will read about in this first annual issue of Silicon Hills News focused on the life sciences industry in Central Texas. This is Silicon Hills News’ second print magazine. The first, a field guide to Silicon Hills, debuted at South by Southwest Interactive in March and our Kickstarter backers made it possible. This issue is possible thanks to our advertisers: BioMed SA, the Texas State University Small Business Development Center, bankSNB, University of Texas Health Science Center at San Antonio, the Greater Austin Chamber of Commerce, Texans for Economic Progress, the World Stem Cell Summit, Geekdom and the University of Texas at San Antonio. Our next issue is on technology startups and will be published in October.

And thank you to the writers for this issue: Susan Lahey, Jonathan Gutierrez. Tim Green and Leslie Anne Jones.

It’s an amazing time to be in the healthcare and biosciences industry with all the innovation going on in treatments, drug development, medical devices and more.

In Austin, the life sciences industry generates more than $1 billion in economic activity, according to a recent report from the Austin Technology Council. Its strengths are in pharmaceutical manufacturing, research and development in physical, engineering and life sciences, research and development in biotechnology, surgical appliance and supplies manufacturing and biological product manufacturing.

The industry is expected to grow with the new Dell Medical School at the University of Texas at Austin. The building is under construction now, and the school is expected to admit its first class in 2016.

A university-backed health science center can serve as a catalyst for a thriving healthcare and biotechnology industry in a city.

Look no further than San Antonio to see the impact of the University of Texas Health Science Center at San Antonio on the city. The Health Science Center serves as one of the cornerstones and catalysts of San Antonio’s bustling biosciences and healthcare industry, which employs more than one in every six jobs in San Antonio and has an overall economic impact of more than $29 billion, according to BioMed SA.
The Health Science Center has more than 3,000 students enrolled in five schools, which award 69 health-related degree specialties and pre- and post-baccalaureate certification programs.

Research organizations, private sector companies and the U.S. military drive the bioscience industry growth in San Antonio, according to BioMed SA. In addition to the Health Science Center, other major contributors to San Antonio’s industry include the University of Texas at San Antonio, InCube Labs Texas, the Texas Biomedical Research Institute, the Texas Research Park, Barshop Institute for Longevity and Aging Studies, Cancer Therapy and Research Center, Southwest Research Institute, San Antonio Army Medical Center, South Texas Accelerated Research Therapeutics and the National Trauma Institute.
Central Texas is a powerful region. When both communities collaborate and cooperate the region grows stronger and even more powerful. Cities no longer compete against each other. Austin, San Antonio and San Marcos are all thriving. The region competes globally for the best talent, resources, companies and institutions. And it has become a global hotspot for innovation in the life sciences industry with a cluster of universities, research and development institutions, medical technology startups and established companies.

Measr[food], a Smart Food Scale, Wins Intel’s Internet of Things Roadshow in Austin

By LAURA LOREK
Founder of Silicon Hills News

measr[food] Team Members Brad Hughes, V.J. Velacheri and Chris Boette

measr[food] Team Members Brad Hughes, V.J. Velacheri and Chris Boette

Americans have a problem counting calories which contributes to skyrocketing rates of obesity, said Brad Hughes, software engineer at National Instruments.

He thought Intel’s Internet of Things Hackathon might be a good place to tackle the problem.

He pitched the idea of a smart food scale connected to the Internet to measure portion size, weight and calorie content in a plate of food as well as tap into other online databases to coordinate with fitness programs.

V.J. Velacheri, a chip designer at Samsung, and Chris Boette, a full stack web developer at Game Salad, joined the team. They bought a food scale and spent Saturday and Sunday tearing it apart and hooking it up to the Internet with various sensors using Intel’s Galileo board, which packs the power of a miniature computer. Their hard work on their hardware paid off.

Their project, measr[food], won Intel’s Internet of Things Hackathon last weekend at TechShop in Austin. They received $1,500 in Amazon gift cards as a prize.

“It’s really cool that Intel is doing this and putting their money where their mouth is in the Internet of Things marketplace,” Hughes said. “Intel is giving people the tools and the power to build really cool stuff at a fraction of the price.”

Intel's Edison, "a small form factor single-board-computer."

Intel’s Edison, “a small form factor single-board-computer.”

Intel kicked off its Internet of Things Roadshow in Austin. It is hosting hackathons in 10 cities worldwide, but only three are in the U.S. In addition to Austin, Intel will host events in New York and Mountain View, Calif. Intel selected Austin because it has a campus of about 1,500 employees here with a big maker group, said Stewart Christie with Intel.

Intel cut off registration for the event at 200 people, Christie said. About half of those showed up. And a couple of hours before the event started Saturday a line formed at the front door.

Intel gave away Galileo boards and developer kits to the first 100 people. The kits contained sensors, software and other accessories.

“It’s kind of like Legos you can put the things together but you can also pull them apart as well,” Christie said.

Intel’s IoT hackers formed 14 teams but a couple of them dropped out, including a team building a wired chicken coop and another with an Internet-connected fishtank. The teams had to upload their projects to Hacker League by 2 p.m. Sunday and then pitch in front of a panel of five judges. The projects needed to use Intel’s developer kits, integrate with the Cloud and tap into online data. They also needed to have market potential.

The two second place winners included Smart Dog Collar, a fitness tracking collar for dogs, and Nursing Home Tracker, a clock-like device to monitor a patient’s environment and sends alerts. Each team won $1,000 in Amazon.com gift cards.

Three teams won third place and $500 Amazon.com gift cards. They were Car Alert, which alerts car owners when someone bumps into or breaks into their car, Save My Baby, a car seat with heat sensors and programmed to send out text messages when the temperature in a car get too hot, and GluLogic, a smart monitor to keep track of a diabetic’s medicine.

Bill Tyler, a diabetic, thought of the device to provide insulin dosage tracking, monitor blood sugar levels and provide reminders to take medicine, because he would like to have one. The device uses Bluetooth and WiFi to communicate online and to store data in the cloud.

Some of the Lego winners at Intel's IoT Hackathon at Techshop

Some of the Lego winners at Intel’s IoT Hackathon at Techshop

Several people also won Intel Basis watches throughout the weekend in a Lego building contest and a selfie Tweet contest. BeMyApp coordinated the event, which Intel sponsored.

In a month, the Intel roadshow team will be back for a show and tell to see how much progress the teams have made, Christie said.

Boette with the measr[food] team enjoyed the hackathon.

“I think getting people to think about applying technology to the Internet of Things from the bottom up is really useful and helpful,” he said.

Full disclosure: I served as a judge at the Intel IoT Roadshow Hackathon.

Massage.com Wants to Take the Stress Out of Getting a Massage

BY TIM GREEN
Reporter with Silicon Hills News

DanDan Graham wants Massage.com to work like a good massage, relieving stress for massage therapists and their customers.

Instead of kneading muscles, however, the online massage booking service does it by helping therapists find work and customers get a massage where it’s most convenient for them.

“Essentially, we want to be the live inventory of massage therapists and spa offerings for anyone, anywhere,” Graham said.

Massage.com is Graham’s first venture beyond Austin-based BuildASign, which he founded in 2005.

That venture is now a 260-employee company, operating in four countries with $57 million in revenue in 2013. Graham’s business and civic endeavors have earned accolades including being named Austinite of the Year by the Austin Under 40 group in 2012 and Ernst & Young Entrepreneur of the Year in 2013.

BuildASign attacked a market dominated by mom-and-pop operations with the concept that people would buy signs – from yard sale placards to big banners and more – over the Internet with no hands on experience.

Graham’s new business, in its first months of operation, is definitely hands on, at least for the therapists and their clients, but it seeks a similar result in a market that’s fragmented and sizable.

There are as many as 350,000 massage therapists in the U.S., according to the American Massage Therapy Association. Most are solo practitioners working at the client’s location or in a spa, health club, a healthcare setting or a massage-therapy franchise. In 2013, the massage industry generated $6 billion to $11 billion.

Massage.com’s initial play is to help individual massage therapists book appointments with clients in the location preferred by the clients such as home or office.

Graham said that Massage.com conducts background checks on therapists and customers so that both sides are comfortable with the arrangement.

Payment of $89 plus tip for an hour session is made online through Massage.com. The company takes a percentage of the fee.

Ron Shirley, an Austin logistics executive, used Massage.com to book a session and said “it worked extremely well.”

The therapist arrived at the appointed hour, he said, “and the massage was great.”

Graham said massage therapists can list with Massage.com whether they want to book 40 hours or two hours a month. “We just add their availability into our network,” he said.

Massage therapist Tony Castro used the site after hearing about it from colleague.

He said the process was easy and helped with bookings. He especially likes that he can stay close to home by specifying an area in which he’ll work.

So far, the service is available in Austin, Houston, Dallas and San Antonio.

But Graham, who continues as BuildASign CEO, has more in mind.

He plans to expand Massage.com’s services to about 6,000 spas across the country. He said the service would help spas with online marketing and fill empty slots in the appointment books of therapists who work in the spas.

“We offer a tool to say, “Hey, you don’t need become an expert in online marketing. We’ll do that for you. And we’ll just fill your vacancies and we’ll just take a small percentage of the booking fee,’ ” Graham said. “Nobody says no to that.”

Graham said Massage.com will offer more features as it builds out.

A feature he’s enthused about is a rating system in which customers can review and rate their massage therapists and the spas in which they work. He said this should be a boon for massage therapists because those who earn high ratings should be able to draw higher fees for their services.

Massage.com’s sources of revenue include a percentage of the fee for the massage, fees for membership and subscriptions and gift card sales. Graham added that the site will offer massage-related services and products.

Massage.com is one of several companies around the country offering scheduling services for the massage business.

While most operate only in their metro areas, Zeel.com, based in New York City, has expanded to Miami, Los Angeles and the San Francisco Bay area, according to an article in TechCrunch.

Graham said that Massage.com’s nationwide spa network will set it apart from companies that book at-home massages. He’s also looking to work with hotels, corporations and nonprofit events.

And, he’s looking to repeat BuildASign’s experience in dealing with growing competition in outperforming competitors.

“I think that being first mover is great and having a great brand name is really helpful,” he said. “But ultimately we’ve got to be able to execute in the idea.”

As a name Massage.com is direct and comprehensive. And Graham found in right in his backyard.

An Austin massage therapist had owned the domain name since 1995. Screen shots of a Massage.com website from the late 1990s (viewed via the web.archive.org), show a landing page that proposes to be a one-stop shop for massages and massage products. But apparently that’s as far as the website went.

“I talked to him over the course of many months, describing where I saw the vision for Massage.com,” Graham said.

After eight months, the owner bought Graham’s vision and sold the domain name to Graham outright. But, Graham said, the previous owner has ongoing incentives as the company progresses.

So far, Graham and three others have funded the company. He said he’s not ready to disclose the amount or who the investors are.

Besides building out the website, Graham, who remains BuildASign CEO, is hiring the Massage.com management team and looking for office space.

Once ensconced, he said, “We’ll probably need to hire a full-time massage therapist to make sure everybody’s relaxed.”

Intel to Host Internet of Things Workshop at TechShop in Austin

600_408307722Intel will be hosting its Internet of Things Roadshow at Techshop in Austin on Saturday and Sunday.

The roadshow is one of ten events the company is doing worldwide and the only one in Texas. Other events in the U.S. are in Mountain View, Calif. and New York. Other events globally are being held in Europe, South America and Asia.

Intel is looking for makers, IoT startups, developers, students and even hardware novices to join them at the event. Participants get a free developers kit which includes an Intel development board.

The event will feature food, onsite giveaways and prizes for the best IoT solutions.

“Come by and tinker with the Dev Kit – which is based on Intel® architecture and designed to be hardware and software pin-compatible with Arduino,” according to an Intel release. “Plus it includes lots of cool sensors, software and accessories to stimulate your creativity.”

The event kicks off with training on the technology and developer’s kit, followed by a hackathon. People can work solo or in teams. And Intel will be giving the first 100 attendees who have registered a free Intel Galileo Board.

The event starts Saturday at 9 a.m. at Techshop. But you’ve got to register to attend.

Full disclosure: Silicon Hills News will be one of the judges at the Hackathon event

Acxiom Opens Austin Office with 150 Jobs

imgres-2Acxiom, a Little Rock-based software company, announced Monday that it will be opening an Austin office and hiring 150 new employees.

Acxiom is a data mining, analytics and marketing company. It recently launched a site, Abouthedata.com that lets consumers view the details the company has collected about them, according to this story in the New York Times.

The company is looking for people with technology skills such as network engineers, security engineers, system engineers, security architects, network architects, infrastructure architects, software engineers and project managers.

“We are excited about opening new job opportunities for the local market,” Janet Cinfio – Austin site leader and VP of infrastructure and technology operations said in a news release. “There is an incredible amount of technology talent in Austin which we hope to tap into as our operations continue to grow and expand.”

Acxiom will be hosting a recruiting event on Sept. 25th from 5 p.m. to 7 p.m. at the Steiner Ranch Steakhouse. For more information on the event or job openings, contact Acxiom recruiting at jobs@acxiom.com.

“Acxiom is an industry leader that invests deeply in its communities, its decision to expand operations into Austin is great news for our region and residents,” Pete Winstead, Shareholder at Winstead PC and Chairman of Opportunity Austin, a five-county economic development initiative aimed at fostering job-creating investments in the Austin region, said in a news release.

“Acxiom’s announcement serves as a testament to Central Texas’ supportive business climate, strong technology sector and talent pipeline. We are pleased to welcome Acxiom to Austin, and look forward to working together to build a strong future for our community.”

Acxiom’s new offices will open in late November and will be located at River Place Corporate Park on 6500 River Place Boulevard.

Cratejoy Builds a Better Box Subscription Service

By LESLIE ANNE JONES
Reporter with Silicon Hills News

Alex Morse and Amir Elaguizy, co-founders of Cratejoy in Austin, photo by Devaki Knowles

Alex Morse and Amir Elaguizy, co-founders of Cratejoy in Austin, photo by Devaki Knowles

In our era of multitudinous, fragmented e-commerce, there’s a box subscription service for just about anything – baby clothes, lingerie, gluten-free food, gourmet candy. But until Cratejoy, there was no one-stop platform where box curators could get their businesses off the ground.

Cratejoy founder Amir Elaguizy sold his Internet poker data-mining startup to gaming company Zynga in 2011. He continued to work at Zynga for a couple years. After that, the next thing he wanted to do was make a company that could help small businesses and put people on track to becoming their own bosses.

“I thought honestly I was going to be starting a little hobby,” says Cratejoy user Amber Golightly who is the founder of The Austin BatBox, which curates local products. She started in May, and thanks in part to the host of services she receives through Cratejoy, box curation is now her full-time endeavor.

Back in 2012, Elaguizy started a new venture with his long-time business partner Alex Morse. They went through several iterations before honing in on the idea that would spur Cratejoy.

In summer of 2013, they were accepted into the Y Combinator accelerator program with an idea for a “push-button” solution that would make it easier for entrepreneurs to start small businesses. At the program, Elaguizy met another entrepreneur who was selling women’s clothing through a box subscription service.

Elaguizy and Morse started doing research, calling about 200 people who were in the box-subscription business. Quickly they realized just about everyone was facing similar basic business problems.

“We were on a hack of a bunch of e-commerce platforms – a little bit on shopify, another recurring billing system,” recalls entrepreneur Dan Scudder who runs Root Bizzle, a necktie subscription company. Scudder was one of the people Elaguizy initially talked to for research purposes and is now a Cratejoy client.

21bundles-box-maySubscription box curators are often people who are passionate about a particular area of commerce. For instance, one entrepreneur in Elaguizy’s beta test is a former art student who curates boxes full of sample supplies so that artists can more affordably try out new products. In other words, box subscription providers aren’t necessarily e-commerce masters or people who are equipped to code.

If you run a box subscription service, you can either pay someone to build out your website and e-commerce functions, or you can cobble together existing services – one for payment, another for subscription collection, another for analytics – that don’t work quite optimally and are not integrated. The first solution can be expensive, the latter is cumbersome.

With what they’d learned, Elaguizy and Morse began coding in fall of 2013. They kept their heads down through the end of the year and by January they had a prototype of Cratejoy, a one-stop service that would make it easy to begin a box subscription. Cratejoy’s offerings include, web hosting and page templates with mobile integration, a subscription billing management system and business analytics.

By the time they were ready to start their private beta test, Elaguizy says they already had a waitlist of 800 merchants, despite not having done any advertising.

What happened was during the research phase Elaguizy had told box subscriptioners what he planned on creating, whom then in turn told others box entrepreneurs. They quickly collected $50,000 in pre-payments from merchants eager enough to pay to enroll in the private beta. At the moment, Cratejoy has 120 companies enrolled and its waitlist has climbed into the thousands.

Elaguizy says they’ll be ready for public beta within the next six months. He says that he and Morse bucked the “fast and crappy,” get-it-out-as-fast-as-possible startup model. He wants the service to be near perfect before it’s fully unveiled.

One of the most rewarding developments so far, Elaguizy says, is that since the private beta began he’s seen three of his users quit their day jobs to be full-time box subscriptions business people.

One surprising development has been that 30 percent of demand for Cratejoy has been for subscriptions services rather than boxes. One user is The Fox Society, an Austin-based service that plans date nights for couples. Elaguizy said he’s fielded interest from a guy with a lawn maintenance business: He has the same clients all the time, but wants to streamline his business process online.

Within the next year, Elaguizy has plans to build a marketplace where people can shop for different kinds of box subscriptions. To date, Cratejoy has facilitated 22,000 shipments and deliveries in 52 countries.

consciousbox-may-1Elaguizy subscribes to every merchant who is using his platform, so his office has plenty of goodies lying about – vitamins, tea, paintbrushes, and a high-quality plush child’s toy. He likes working with box curators: They tend to be people who are passionate about their product and committed to delivering quality since every month they must continue to impress their customers. He says his engineers like receiving immediate feedback from their merchant community and the boxes themselves are fun, but what keeps Elaguizy most excited about Cratejoy?

“I’m interested because of the people who quit their jobs.”

RB-june

DreamIt Ventures Accepting Applications for its Next Austin Program

dreamitDreamIt Ventures is now accepting applications for its DreamIt Austin 2015 class.

This will be the third year for the DreamIt Ventures program in Austin.

DreamIt Ventures offers a three-month accelerator program that helps startups to build strong business plans, develop strategic relationships and acquire customers.

So far, DreamIt Ventures has helped to launch 157 companies that have raised more than 4172 million in funding. DreamIt Ventures estimates the net worth of all the companies to be more than $525 million.

The DreamIt Ventures Austin companies each receive $25,000 in seed funding, plus the potential of up to $250,000 in follow-on funding. Teams also receive mentoring and access to industry-specific resources and potential beta customers. Meetings with DreamIt’s managers. The opportunity to present to investors at Demo Day, free legal services and office space and more.

Founding Partner Steve Welch, CEO Kerry Rupp and Dana Rygwelski, director of programs, will lead the Austin program, which will run from Jan. 8th to April 17, 2015.

Applications are due Nov. 7.

Global Cash Access Acquires Austin-based Multimedia Games for $1.2 Billion

Global Cash Access Holdings of Las Vegas announced Monday plans to buy Austin-based Multimedia Games Holding Co. for $1.2 billion in cash.

gca-top-logoGlobal Cash has agreed to acquire all outstanding common stock of Multimedia Games for $36.50 per share, 31 premium from the stock’s close on Sept. 5. The news sent Multimedia Games’ stock which trades on the Nasdaq Exchange, under the symbol “MGAM” soaring to close at $36.15 on Monday, up 30 percent from Friday.

The deal is subject to stockholder and regulatory approval and is expected to close early in 2015.

“The acquisition of Multimedia Games represents a gaming-relevant transformational opportunity to combine two companies with rich gaming heritages and uniquely positions GCA as an important strategic partner to gaming operators by offering them deeper and more integrated solutions across their entire gaming floor,” Ram V. Chary, President and Chief Executive Officer of GCA said in a news statement. “This acquisition further strengthens and broadens GCA’s portfolio of solutions, which has been embraced by our customer base.”

The combined company’s headquarters will remain in Las Vegas, and its game development operations will be based in Austin.

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