CreditCards.com to be acquired
On Monday, Red Ventures announced its plans to acquire Bankrate Inc for a $1.4 billion cash buyout, which includes the purchase of Austin-based CreditCards.com. Bankrate purchased CreditCards.com in 2010 for $143 million, just three years after CreditCards went public. The deal is expected to close by the end of the year. [Press Release]
RideAustin to offer ride services for low-income patients to area medical centers
Ride-sharing startup RideAustin announced this week plans to partner with Community Care Collaborative and the Dell Medical School to offer ridesharing services to low-income patients. Free rides will be provided to and from medical appointments to eligible Travis Country residents. [Texas Tech Pulse]
HID Global acquires Arjo Systems
HID Global, the Austin-based company that develops identity management solutions, bought European-based Arjo Systems. Through the acquisition, HID Global will merge Arjo Systems’ government ID products with its existing portfolio of applications. Financial terms were not disclosed. [Press Release]
SubVRsive launches XR Labs
VR startup SubVRsive recently announced the launching of its innovation studio XR Labs, located in its Austin office. The company develops immersive experiences for brands and agencies and has opened XR Labs to increase its efforts toward developing VR, AR and MR apps and experiences. [Press Release]
JMP Securities names Pivot3 to Super 60 list
JMP Securities, a full-service investment bank, named Pivot3 to its Super 60 list of the hottest privately held companies in internet security, networking and storage. This is the second consecutive year that Pivot3 has been recognized. The Austin-based company develops hyperconverged infrastructure technology for industries including healthcare, government, transportation, security, entertainment, education, gaming and retail. [Press Release]
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