Bumble's a hard pass on Match Group buyout
Match Group, which owns dating apps Match.com, Tinder and OKCupid, offered a $450 million buyout of Austin-based Bumble, according to Forbes. Representatives from both companies declined to comment. The Bumble app launched in 2014 and quickly gained popularity for its women-make-the-first-move approach. [Forbes]
New local VC firm raises $13M
Active Capital, a local venture capital firm headed by Rackspace co-founder Pat Condon and former executives Pat Matthews and Cat Dizon, raised $13 million from investors. The firm opened in April of this year. This week’s funding is part of a planned $20 million. The VC firm plans to offer seed rounds for B2B SaaS companies across the country, with its first lead investment going to ilos, a video tech startup. [Austin Business Journal]
Whole Foods shareholders agree to Amazon buyout, FTC approves
On Wednesday, Whole Foods shareholders agreed to Amazon's $13.2 billion takeover offer, which adds up to $42 per share. The Federal Trade Commission also approved the deal later that day. Representatives from both Whole Foods and Amazon expect the deal to close by the end of 2017. [Austin Business Journal]
Opcity signs lease for large southeast Austin space
On Monday, CBRE announced that Austin startup Opcity has signed a lease for a new southeast office located at 6800 Burleson Road in the MetCenter. The 50,000-square-foot space will have room for up to 400 employees. According to the press release, Opcity plans to move from its downtown space on Cesar Chavez during the fourth quarter. The company has about 140 employees with hiring initiatives to bring on 200 new employees through 2019. [Press Release]
SailPoint named market leader in KuppingerCole’s 2017
Enterprise identity management provider SailPoint was named the overall market leader in KuppingerCole’s 2017 “Leadership Compass: Identity as a Service: Cloud-based Provisioning, Access Governance and Federation.” The company also received accolades as a leader in every category of the report and superior rankings in four of the five evaluation criteria which included security, functionality, interoperability and usability. [Press Release]
Vast welcomes Former Kelley Blue Book President and CEO to board
Vast, developer of the AI-driven CarStory platform, announced on Wednesday that Paul Johnson will join its board of directors. Johnson previously served as president and CEO of Kelley Blue Book, leading the company's growth and sale, as well as software and hardware services startup CDMdata. [Press Release]
Images provided by company websites, social media and Shutterstock.
Want to get in touch? Let us know with a tip or on Twitter @BuiltInAustin
