Company and tech news from the region.
Texas Retalix buys OMI
Retalix Ltd, an Israel-based company whose North American base is in Dallas. purchased OMI International Inc. for $18.6 million in cash and stock.
Retalix paid $13.6 million in cash and $5 million in 226,040 restricted Retalix shares, for OMI. OMI, a privately held software company based in Dallas, was founded in 1984 and has affiliate partners in the United Kingdom, France, Spain and South Africa. Its software is used by the grocery industry to manage inventory. OMI had revenue of $14 million for 2003. Retalix sells business management software to the retail food industry, including supermarkets, convenience stores and restaurants.
CI Host denies Microsoft allegations
CI Host Inc., a Bedford-based Web hosting company, has filed a counter-complaint denying allegations by Microsoft Corp. in a lawsuit over a licensing fee issue. Microsoft alleges that it failed to pay licensing fees for using Microsoft products. In the counter-complaint, CI Host says Microsoft “maliciously and intentionally” published false information to third parties about the Bedford-based company. CI Host also denied that it had any licensing agreements or contracts in place with Microsoft that would have required it to pay fees for using Microsoft products. Still, the company pays a $600 licensing fee for every server it uses with a Microsoft operating system.
Alereon gains funding
Austin-based Alereon Inc. has captured $31.5 million in venture capital that the semiconductor design company will earmark for development of its ultra wideband chipset. Ultra wideband is intended to be a high-speed alternative to other types of wireless connections for personal computers, consumer electronics and mobile devices. The first round of funding was led by locally based Austin Ventures LP along with several other companies including Houston-based PTV Sciences LP. Alereon, founded in September, employs 37 people in Austin.
MessageOne announces new clients
MessageOne Inc., has signed six deals worth more than $1.5 million over the next three years. MessageOne develops a product that allows companies to access email over the Web in case of a power outage, virus attack or anything else that could interrupt a corporate network. New clients include Laird Technologies Inc., a division of The Laird Group PLC, which makes materials that shield electronics from the affects of static electricity, and New York-based nonprofit Broadcast Music Inc., which collects licensing fees for approximately 300,000 songwriters, composers and music publishers.
Humetrics sold to Deploy Solutions
Westwood, Mass.-based Deploy Solutions Inc. has acquired Humetrics Inc. of Houston. Both firms sell software for human resources functions. Humetrics adds 40 customers to Deploy Solutions’ client base, which includes FleetBoston Financial Corp. Deploy officials say they plan to retain the entire Humetrics organization and integrated it with the Deploy work force with no interruption in service for either company’s customers.
DA Consulting files Chapter 7
DA Consulting Group Inc. has voluntarily filed for Chapter 7 bankruptcy protection, saying that declining revenue and losses in the last four fiscal years will end the company’s survival as a publicly held company. In May, the company announced plans to possibly sell the company due to a lack of capital to keep the business running but was unable to complete such a deal. Nasdaq delisted the company’s shares in June for failing to meet the minimum closing bid price of $1 per share.
BindView, Shavlik team up
Houston-based BindView Corp., a provider of policy compliance, vulnerability management and directory administration products, entered an OEM agreement with St. Paul, Minn.-based Shavlik Technologies, a security software and services provider. BindView will use Shavlik security technologies to provide customers with enhanced threat analysis tools, comprehensive patch prioritization ranking for Windows-based servers and desktops and a patch deployment solution.
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