Southlake

Southlake’s Gauge Capital Closes $1.4 Billion Oversubscribed Fourth Fund

by | Mar 13, 2024

Gauge Capital, a middle-market private equity firm based in Southlake, Texas, has announced the successful closing of its fourth fund, which was oversubscribed with roughly $1.4 billion in commitments.

Gauge Capital said its team is the largest investor in the fund and represents over 25% of the committed capital.

Ropes & Gray LLP served as counsel, the firm added....

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Sabre Corp. Names Veteran Executive as New Board Chair
by | Mar 8, 2024

Sabre Corp., a Southlake-based travel technology provider, has named former Wyndham Worldwide executive Gail Mandel as executive chair of the board. Mandel, who has served on Sabre’s board since April 2020, will assume her new role at the company’s 2024 Annual Meeting on April 24.

Mandel has served on Sabre’s board since April 2020, and her appointment as chair will be effective at Sabre’s 2024 Annual Meeting, scheduled for April 24, the company said....

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Southlake Consulting Firm Wetrich Group Announces New President
by | Mar 1, 2024

The Wetrich Group LLC, a Southlake-based comprehensive advisory and consulting firm focused on the healthcare industry, has appointed Carl Meyer as president, succeeding James G. Wetrich, effective immediately.

Meyer joined The Wetrich Group in 2013, and most recently was executive vice president, the firm said.

Meyer said he’s honored in being chosen to lead The Wetrich Group, a firm celebrated for its over twenty years of excellence in overcoming challenges and unlocking growth opportunities for clients seeking transformative change.
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DFW-Based RobotLAB Expands Distribution Agreement with LG Business Solutions
by | Feb 9, 2024
Last March, RobotLAB inked a deal with LG Business Solutions USA to expand deployment of LG's hospitality robots—including a restaurant servebot named ClOi. The new collaboration will make the entirety of LG’s robotics portfolio more widely available and tailored via RobotLAB’s network and expertise.
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RobotLAB Expands Lineup for ‘AI, Robotics & the Future of Work’ Summit at Its New Southlake HQ

by | Jul 10, 2023
RobotLAB CEO and Founder Elad Inbar says the summit will shed light on the advantages that robotics and AI bring to various industries. And lunch will be served on robots.
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SPL Consulting Makes Associate Director Promotion, Names Him Employee of the Year
by | Jun 23, 2023
The company said Prabhakara Srinivas Malladi's promotion and award acknowledge his significant expertise in enterprise project management, focused on designing and implementing Oracle- and Cloud-based technologies to improve business functions and enhance efficiency.
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IKEA Is Opening a New Small-Format Store in Southlake, Its First in Texas
by | Jun 14, 2023
If you've walked through one of IKEA's two North Texas stores in Frisco or Grand Prairie, you know it's not just a stroll—it's a seemingly endless trek through maze-like aisles of Swedish-designed home goods, furniture, kitchen and bath displays, and more. Which makes the idea of a "small-format" IKEA store sound like the opposite of jumbo shrimp. But the new store coming to Southlake is one you might actually not get lost in.
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Southlake’s Chef Holdings Inc. Announces CEO Transition, Hire of Food Industry Veteran
by | May 12, 2023

Southlake-based Chef Holdings Inc. has appointed Terence “Terry” O’Brien to succeed Mike Buccheri as chief executive officer under a board-approved succession plan. The appointment was effective Wednesday.

Chef Holdings is the parent company of CTI Foods LLC and Liguria Foods LLC.

“My work for CTI has been an extraordinary experience,” Buccheri said in a statement....

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Southlake’s Flagship Facility Services Acquires California Lab Services Company

by | May 9, 2023
Founded in 2008, Managed Lab Services delivers cutting-edge laboratory support solutions to keep labs operating optimally, including vendor-managed inventory, lab support, project management, and IT operations. Flagship said it also recently acquired Biotechnical Services, an independent lab services company that specializes in lab equipment repair, calibration, and maintenance.
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Southlake VC Firm Gore Range Capital Names Entrepreneur-in-Residence
by | Jan 20, 2023

Gore Range Capital, which moved its headquarters from New York to Southlake in 2021, announced that David A. Hashemi, MD, MBA, a senior dermatology resident physician at Harvard Medical School, has joined the firm as entrepreneur-In-residence.

“We’re excited to have David join us. He brings a wealth of knowledge, curiosity, and energy to this opportunity and we look forward to his contributions,” Ethan Rigel, founding and Managing Partner of Gore Range Capital said in a statement....

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New Charles Schwab Platform Seeks to Help DIY Investors with Thematic Investing
by | Jan 15, 2023

Thematic investing is an old, but growing trend that offers investors a way to profit from emerging trends they believe in and are passionate about, a report in International Business Daily said....

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HeartSciences Pumps Life into Assessing Diastolic Dysfunction with New AI Patent

by | Sep 22, 2022
Southlake-based HeartSciences, which closed on a $6.375M IPO in June, applies AI-based technology to an ECG to detect cardiac dysfunction—one of the earliest signs of heart disease. The company says this can't be diagnosed by current conventional ECGs, making its MyoVista Wavelet ECG device a potential game changer. CEO Andrew Simpson says adding this diagnostic information to an ECG "addresses a significant unmet need in the market with an estimated 100 million-plus ECG tests performed annually in the U.S.A. alone."
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Follow the Money: Blue Star Invests in Payments Unicorn, Ryan Scoops Up Property Tax Firm in All-Local Deal, and TPG Co-Leads $160M Investment in Video Game Developer
by | Mar 8, 2022
What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money.
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With New Funding and CEO, This Southlake Biotech is Looking to Solve Kidney Disease
by | Feb 16, 2022
Renibus Therapeutics, which focuses on treatments for acute and chronic kidney diseases, announced closing a $35 million Series A funding round. Its new CEO, Frank Stonebanks, says "Renibus has arrived at a critical inflection point in its commitment to transform the prevention and treatment of kidney diseases."
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Cellwize Closes $32M Series B Round To Bring in the Age of 5G
by | Nov 9, 2020
Cellwize, which has operations in Israel, Dallas, and Singapore, is behind a cloud-native platform that helps operators deploy 5G networks in a more efficient, scalable, and flexible way. 
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