Tech Roundup: Factom adds $6M in funding, Alchemy Systems bought for $480M, and more

by Kelly O'Halloran
August 9, 2018
factom austin
photo via shutterstock

Factom raises $6M

According to an SEC filing, blockchain startup Factom recently raised $6 million in funding from one investor. The company did not issue a statement. Factom last raised a $4.2 million Series A nearly two years ago from Silicon Valley billionaire Tim Draper, of Draper Associates. [FormDs]

 

man outfitters austin
photo via shutterstock

Man Outfitters secures $1M

E-commerce startup Man Outfitters raised $1 million in funding this week from 10 investors, according to a filing with the state. The company, which provides a curated shopping experience for men’s apparel, did not issue a statement. [FormDs]

 

alchemy systems
photo provided by alchemy systems

Alchemy Systems gets acquired for $480M

Intertek Group announced recently that it has acquired Austin-based Alchemy Systems for $480 million from The Riverside Company. Alchemy Systems launched in 2003 and develops training software and online courses for food and retail businesses. The company reported that, on a monthly basis, three million employees spanning 50,000 locations use Alchemy’s content to improve at-work safety and operational efficiency. This acquisition strengthens Intertek’s portfolio of assurance, testing, inspection and certification services. [Press Release]

 

main street hub
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GoDaddy’s $127M acquisition of Main Street Hub complete

In January, GoDaddy announced it would acquire Austin-based Main Street Hub for $127 million in cash. The deal finalized in July, with Main Street Hub team officially joining GoDaddy. The deal helped GoDaddy extend its services to offer small business owners a turnkey solution for managing their business’ social media channels. Main Street Hub will continue to run under its current name as a GoDaddy company. [Phoenix Business Journal]

 

duo
photo provided by duo

Cisco acquires Duo for more than $2B

On Thursday, Cisco announced it will be acquire cybersecurity firm Duo Security for $2.35 billion in cash. Duo, based out of Ann Arbor, MI, established an Austin office in 2016 and has grown its local presence to more than 150 local employees. As part of the deal, Duo’s CEO and co-founder Dug Song will step into the general manager role overseeing Duo as it becomes part of Cisco. The companies will continue to operate independently until the deal officially closes in Q1 of 2019. [Built In Austin]

 

chive media group austin
photo provided by chive media group

Chive Media Group’s reach surpasses monthly audience of 200 million in 2018

Chive Media Group hit a company milestone this week when its audience reach exceeded 200 million people per month in 2018. The company attributed this growth to new strategic partnerships with Ziosk and Cedar Fair Amusement Parks, modeled after CHIVE TV’s existing partnership with all 25 Royal Caribbean cruise ships. [Press Release]

 

integritek austin
photo via shutterstock

Integritek gains strategic investment from Evergreen Services

Integritek, an Austin-based IT solutions provider, secured a strategic investment from Evergreen Services Group, a network of IT services companies out of San Francisco. Details of the investment were not disclosed. However, the companies did say funds will be put toward Integritek’s market expansion, hiring initiatives and acquisition strategies. [Press Release]

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