SailPoint Was Acquired, ClosingLock Got $4M, and More Austin Tech News

Catch up on the Austin tech news you may have missed last week.
Written by Jeff Rumage
August 22, 2022Updated: August 22, 2022
Photo: SailPoint

It was another busy week for the Austin tech scene. From multi-billion dollar acquisitions to local standouts on the Inc. 5000 list, Austin tech companies were busy making headlines last week. Catch up on the news you may have missed with the Built In Austin Weekly Refresh.

Austin startups were highlighted on the Inc. 5000 list. Inc. magazine’s list of the fastest-growing, privately-held companies featured 135 Austin-area businesses. The highest-ranking local company was video advertising agency AdOutreach, followed by CRM platform Webforce, e-commerce firm Homestead Brands, marketing firm Digital Thrive and healthtech startup Everly Health. [Built In Austin]

SailPoint went private. SailPoint, an Austin-based identity security firm, announced in April that it would be taken off the New York Stock Exchange due to an acquisition by software investment firm Thoma Bravo. The $6.9 billion deal will pay SailPoint shareholders $65.25 per share. [SailPoint]

austin tech quote of the week

“ClosingLock’s ability to build trust with buyers, brokers and title companies by securing the highest risk element of the transaction provides the company with a unique opportunity to build out a comprehensive platform for managing the entire transaction closing process.” — Mike Marcantonio, partner at LiveOak Venture Partners

ClosingLock raised $4M in seed funding. ClosingLock is an Austin startup that has developed a secure portal and workflow platform to protect title companies against wire fraud. The company plans to use the fresh funding to hire 10 to 15 employees, which would double the current 13-person team. [Built In Austin]

Olea Edge Analytics hired three executives. The company, which provides cities with data to optimize their utility operations, hired Jennifer Crow as its CFO. Crow was previously the CFO at CognitiveScale. Melissa Anderson, who previously led a global analyst relations team in IBM’s data and AI division, was hired as the vice president of marketing. The company’s new vice president of operations is Chris Wilke, who previously served as CTO of Datatrak and the general manager of P2 Energy Solutions. [Business Wire]

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