SailPoint files to raise $100M for IPO
On Friday, Austin-based SailPoint filed with the SEC to raise $100 million in an initial public offering. The company, launched in 2005, develops identity governance and cloud ID management software. It is the first Austin tech company to file for an IPO since 2014, when Q2 Holdings and Upland Software both went public. If approved, SailPoint will appear on the NYSE under the name SAIL. [Built In Austin]
Serenova acquires Texas-based TelStrat
Serenova, best known for its contact center platform CxEngage, announced this week that it has finalized its acquisition of TelStrat. Based in Dallas, TelStrat provides workforce optimization tools that include call recording, quality, analytics and management solutions. As part of the acquisition, Telstrat’s platform will become part of Serenova’s product suite. [Press Release]
Concordia University’s startup incubator program names first director
Concordia University’s new Incubator for Innovation and Impact has named Kristin Spindler its inaugural program director. Spindler is an entrepreneur with a background in finance and investing. She’s an active mentor and investor for the Central Texas Angel Network. Spindler previously served as VP and credit officer at Citibank before launching her own $10 million real estate development company. [Press Release]
vXchange buys Austin data center campus
On Tuesday, vXchange announced that it has purchased an 18-acre campus with a 100,000 square-foot data center in Austin. CEO Keith Olsen said in a statement that “The projected forecasts for the Austin marketplace are robust, and vXchnge continues to invest in capacities and capabilities to support the demand from hyper-scale and IoT deployments.” [Press Release]
eRelevance welcomes new chief creative officer
Marketing automation company eRelevance shared on Tuesday that it has named Chris Greta as its first chief creative officer. Greta joins the team with 36 years of experience in advertising and branding. In his role, he will oversee the company’s vision and strategy and lead the creative direction for client and corporate marketing programs and product experience. [Press Release]
