Tag: Lew Moorman

Brokerage Engine Tops 2019 List of Fastest Growing Companies in San Antonio
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Brokerage Engine Tops 2019 List of Fastest Growing Companies in San Antonio

Local startup Brokerage Engine has landed at the top of a new list of rapidly growing companies in San Antonio.The first ever Growjo Industry Awards debuted its indexed list of fastest-growing companies in Texas broken down to show the ranked companies and number of jobs available in Austin, Dallas, Houston, and San Antonio. Growjo uses an algorithm to track growth metrics such as hiring trends, funding and financial data, web traffic, and other signs of traction for companies under 1000 employees.The 100 fastest growing companies in San Antonio collectively have 1,317 job openings. The list includes startup companies mostly in the software as a service (SaaS) and cybersecurity sectors, as well as established companies in other industries.Brokerage Engine offers a SaaS platform...
Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo
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Scaleworks Startup Mailgun Announces Exit with Private Equity Firm Thoma Bravo

Mailgun Technologies, Inc., a provider of email infrastructure software, announced Monday it sold a majority stake in the company to private equity firm Thoma Bravo, a leading software-focused private equity investment firm. The transaction closed on March 26, as reported by Thoma Bravo financial advisor William Blair.Mailgun is a leading email automation platform provider for software developers and was one of eight startups in Scaleworks' portfolio. The San Antonio firm is a  hybrid venture capital and private equity fund that uses its capital to help grow the business-to-business technology startups it acquires. It was co-founded by former Rackspace executive Lew Moorman and investor Ed Byrne.The companies did not share terms, but this is the second owner for Mailgun. The compan...
Chargify Grows As SaaS Companies Need More Flexible Billing
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Chargify Grows As SaaS Companies Need More Flexible Billing

Consumers like fixed pricing and an easy payment process when it’s time to spend money on recurring purchases. That explains why the subscription model of billing for services has exploded over the past decade. Starting in the business-to-business (B2B) software to consumer services, subscription billing has become the business model for products and services from shaving supplies to online streaming video and more. Benefits for companies using the subscription billing model include better customer retention, higher lifetime value from customers, and more predictable revenues.Customized subscription billing can get complicated pretty quickly, however. Get it wrong, and a bad customer experience could mean lost clients and revenue.That’s where Chargify comes in as a leader in the su...