Tag: acquisition

San Antonio Biotech Startup Intrinsic Imaging Acquired for $80M
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San Antonio Biotech Startup Intrinsic Imaging Acquired for $80M

If you look at startup exits, you don't usually see biotechnology startups represented since they typically generate their biggest profits long after an IPO or acquisition. One San Antonio biotech acquisition has broken that mold, with an amount that netted its limited partners an exceptional return, even by angel investing standards.Intrinsic Imaging, a biotech startup that provides imaging support mainly to clinical trial vendors, has been acquired by WCG Clinical, Inc. for $80 million. According to the S-1 form filed with the SEC on July 1, WCG Clinical purchased Intrinsic Imaging's artificial intelligence (AI) radiology imaging support services to add the innovative capability to their "proprietary suite of technology-enabled solutions."WCG Clinical is a clinical research trial...
HelpSystems Acquires Digital Defense to Bolster Its Cybersecurity Portfolio
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HelpSystems Acquires Digital Defense to Bolster Its Cybersecurity Portfolio

HelpSystems announced Wednesday its acquisition of Digital Defense, a San Antonio software-as-a-service or SaaS company specializing in network security solutions. The Minnesota-based company acquired Digital Defense for an undisclosed amount to help it establish a comprehensive, best-in-class security assessment toolkit for its customers.Founded in 1999, Digital Defense's security SaaS platform offers vulnerability management and threat assessment solutions to help organizations safeguard sensitive data and simplify information security.  Their cloud-native vulnerability scanning engine gives organizations in healthcare, legal, financial services, and other industries the ability to proactively detect infrastructure security gaps and take steps to safeguard against internal and extern...
Active Capital’s First Investment Pays off with VidGrid Acquisition by Paylocity
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Active Capital’s First Investment Pays off with VidGrid Acquisition by Paylocity

Paylocity, a provider of cloud-based human resources and payroll software solutions, announced on Monday its acquisition of VidGrid, a leading video learning platform provider. VidGrid provides two-way, peer-to-peer learning courses, transforming video into two-way communication.Paylocity has worked with VidGrid for several years to deliver a video-enabled learning management system to its clients. The acquisition effort was underway before the COVID-19 pandemic began forcing employees and students alike to work from home."As a leading modern workforce platform, we are constantly looking for opportunities to make our product suite even more useful for our clients. We believe video will play a critical role in transforming workplace communication," Steve Beauchamp, CEO of Paylocity,...
Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders
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Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders

With little fanfare, San Antonio-based Promoter.io, a customer analytics and insights software as a service (SaaS) platform for small and medium-sized businesses, was acquired in September 2019 by Medallia, the global leader in customer experience management. In that same month, Medallia underwent an IPO four days before buying two other companies along with Promoter.io.Founders Chad Keck and Ricardo Reyna (who left the company in 2018) launched Promoter.io in 2013, working out of Geekdom, San Antonio’s first co-working space. The startup raised $1.6 million in funding over five pre-seed and seed funding rounds. Their latest round was in January 2018 for $150,000.Startups San Antonio caught up with Keck to reflect on why he built Promoter, the significance of being the first startu...