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Business
Redwood Software leaders, L to R: CEO Kevin Greene, CFO and COO Ashish Joshi, and Chief AI & Innovation Officer Abhijit Kakhandiki. [Photos: Redwood Software]
North Texas-Based Redwood Software To Be Acquired by Austin and New York PE Firms
by Lance Murray | Sep 11, 2024
While terms of the deal were not disclosed, Reuters reported in August that Turn/River Capital was exploring a sale of Frisco-based Redwood—a global provider of automation fabric solutions—to other private equity firms in a deal that would value Redwood at $2.5 billion, including debt. The company serves more than 7,500 customers globally, including 28% of the Fortune 500 and 40% of the Fortune 50.
by Quincy Preston |
Sep 11, 2024
Dallas-based LTK is proving that North Texas startups can go toe-to-toe with Silicon Valley giants. In a recent interview with Axios, Amber Venz Box discussed the company's impressive growth in the creator economy space.
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by David Seeley |
Sep 11, 2024
If you stay up late tonight—or get up very early—you can watch a live feed of the Cape Canaveral launch of AT&T and AST SpaceMobile's first five satellites to bring space-based calling to everyday cell phones. Dallas-based AT&T said this is the first step toward potentially eliminating “dead zones" everywhere from rural highways to national parks and more.
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by Nicole Ward, DRC Data Journalist |
Sep 11, 2024
Trevor Gicheru created Nurovant AI, an app that converts lectures into flashcards, quizzes, and summaries, helping students focus on key themes. With support from institutions like SMU, Harvard, and MIT, he’s now scaling his venture and aiming for a $2-3 million seed round in 2025.
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Dr. Ruben Amarasingham, founder and CEO of Pieces
Children’s Health, Investing Partners Back Pieces Technologies With $25M to Advance AI in Hospital Care
by Lance Murray | Sep 10, 2024
"Our mission is to help those who help others," says Pieces Technologies CEO Dr. Ruben Amarasingham. With $25M in growth funding, Dallas-based Pieces is gearing up to transform hospital care with AI that streamlines clinical workflows and eases the load on care teams.
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by Lance Murray |
Sep 10, 2024
DataBank is building a 480MW data center campus in Red Oak, its third new campus announced in the past 12 months. Construction is underway, with the first phase set to be operational by the second quarter of 2026, aimed at meeting the growing demand from A.I. and cloud applications.
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by David Seeley |
Sep 10, 2024
Plano-based Cinemark Holdings had a lot of popcorn to pop last weekend, thanks to a sequel to a huge 1988 Gen X hit. The company achieved its all-time best September domestic box office weekend driven by "Beetlejuice Beetlejuice," which also notched Cinemark's biggest domestic opening weekend box office for a September title. And one more record got hilariously, demonically set: a new September mark for Cinemark's September weekend food, beverage, and premium format sales.
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by David Seeley |
Sep 10, 2024
A device from Georgia-based Koning Health uses a CT scan to take high-contrast, real 3D images of a breast in a "7-second exposure" at radiation levels in the same range of diagnostic mammograms, the company said—resulting in "exceptional spatial resolution" without painful compression.
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ECI CEO Trevor Gruenewald (left) and Doug Angelone, president and CEO of Khameleon [Photos: ECI/LinkedIn]
Westlake’s ECI Software Solutions Acquires Cloud-Based ERP Khameleon Software
by Lance Murray | Sep 9, 2024
The strategic acquisition grows ECI's distribution portfolio with "powerful technology" designed to support long-term needs and future growth plans for its commercial furniture dealer customers, ECI said.
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by Lance Murray |
Sep 9, 2024
Founder and CEO Richard Dix said the new capital investment "allows us to refocus our efforts on the single-family for-sale business and expand our homebuilding operations into more markets across North and Central Texas."
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by Lance Murray |
Sep 9, 2024
Berlin, Germany-based Blacklane said the new business routes offer travelers a "reliable and seamless alternative" to commuter air and train transportation. The Dallas routes include travel to Abilene, East Texas Regional Airport near Longview, Oklahoma City, Texarkana, Tyler Pounds Regional Airport, Waco, and Wichita Falls.
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by David Seeley |
Sep 9, 2024
Doughbird, a new restaurant from Phoenix-based Fox Restaurant Concepts, opened Friday in Dallas' Inwood Village near Inwood and Lovers Lane—joining a lineup of Fox's "sister restaurants" in the city including Flower Child, The Henry, Culinary Dropout, and North Italia. With an offbeat menu featuring a "fun spin on ordinary American classics," it's the fifth location and first in Texas for the concept. A cozy design scheme is the backdrop for wildly varied dining options—from Detroit-style pizzas to prime rib steak sandwiches to steak frites.
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The Plano-based company said David Kochalka will play a pivotal role in strengthening its leadership and operational focus in North Texas by bringing his "extensive engineering experience" to Quiddity.
Quiddity Engineering Appoints Veteran Engineer as GM of North Texas Region
by Lance Murray | Sep 6, 2024
The Plano-based company said David Kochalka will play a pivotal role in strengthening its leadership and operational focus in North Texas by bringing his "extensive engineering experience" to Quiddity.
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by Lance Murray |
Sep 6, 2024
Barbara R. Smith, M. Chad Crow, and Elaine D. Crowley join the board at a busy time for the company. In the 12-month period ended June 30, D.R. Horton closed 88,971 homes in its homebuilding operations, in addition to 5,284 single-family rental homes and 2,916 multi-family rental units in its rental operations.
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by Lance Murray |
Sep 6, 2024
Walnut Hill Medical has appointed Chris Jordan as the new president of the Dallas-based provider of market access, DME, and preauthorization solutions.
The company, which rebranded last month from Pacific Therapy Access to Walnut Hill Medical, said Jordan brings a wealth of experience and leadership to Walnut Hill Medical, marking a significant milestone in the company’s ongoing growth....
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by Lance Murray |
Sep 6, 2024
Jorge Marín has more than 30 years of experience in banking relationship management, specializing in business development, sales, and client portfolio management, the bank said.
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