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Old 04-12-2021, 09:30 AM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420

Advertisements

Here's an interesting deal.

BancorpSouth Bank and Cadence Bancorporation to combine in transformational merger

The details of the merger don't seem very clear yet, but the following is how they're breaking it up.

- BancorpSouth (Mississippi) is purchasing Cadence Bancorporation (Houston)

- The combined bank, will be named Cadence Bank. This is similar to US Airway's purchase of American, but American being the name of the combined company.

- Dual Headquarters in Houston and Tupelo, MS. However, which will be the listed HQ is unclear, but it looks like the new Cadence Park Tower in Uptown Houston will be it.

- Today, Cadence's stock raised at the announcement of the merger, while Bancorp South dropped,

https://www.prnewswire.com/news-rele...301266365.html
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Old 04-13-2021, 11:33 AM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,504,279 times
Reputation: 5061
Quote:
Originally Posted by Jack Lance View Post
Houston-based technology firm Syzygy Plasmonics raised $23 million in Series B financing, the company announced April 6.

Syzygy Plasmonics develops a photocatalytic chemical reactor platform technology for users in the industrial gas, chemical and energy sectors. Traditionally, these industries have primarily relied on fossil fuel to power the production of plastics, fuels, fertilizers, hydrogen and other chemicals. Syzygy's photocatalytic reactor uses light to trigger the chemical reactions as opposed to heat from burning fuel, reducing carbon dioxide emissions in the process.

"With renewable electricity as an energy source, our technology is cleaner, and because of the stability and activity of our photocatalysts, we can drive dozens of possibilities, tuning reactions that produce different chemicals," said Trevor Best, co-founder and CEO at Syzygy Plasmonics. "Our initial product will focus on eliminating emissions from hydrogen production, transforming the industrial process involved in making semiconductors, LEDs and metals. Our system will also enable industries that are consumers of hydrogen fuel cells, like fuel cell vehicles."

Syzygy's technology was spun out of Rice University and invented by co-founders and professors Naomi Halas and Peter Nordlander. The company's team of 26 employees brings together academic, entrepreneurial, engineering and chemical talent from Rice, the University of Houston and Houston-based Baker Hughes Co. (NYSE: BKR).

A portion of the $23 million Series B raise will go toward hiring, the company said. Syzygy plans to double its workforce over the next year to continue scaling its technology for commercial customers. The company aims to have its first full-size chemical reactors ready for commercial use in 2022.

Syzygy Plasmonics had previously raised nearly $12 million, including a $5.8 million Series A round announced in 2019. The Houston company said it has also secured grants from the Department of Energy and National Science Foundation.

https://www.bizjournals.com/houston/...s-b-round.html
Update:

Syzygy Plasmonics

Fresh off of announcing a $23 million capital raise, a local startup developing a novel chemical reactor technology plans to hire dozens more employees in Houston.

To meet the demand for the product, Best said Syzygy plans to double in size over the next 18 months, from around 26 employees to 50. The Houston-based firm aims to hire chemical, mechanical and electrical engineers, as well as technicians with experience building and operating advanced equipment. Syzygy also plans to hire a senior business development professional and a senior finance professional — potentially a CFO, Best said.

Syzygy's first commercial products will focus on distributed hydrogen, for which the molecule has myriad different use cases, Best said. The firm's commercial units could produce hydrogen for smaller sites developing semiconductors, metal, food oil, float glass and hydrogen fuel cells, Best said. As Syzygy can scale its platform for larger operations, more opportunities become available.

"As you scale up, there's a myriad of large-scale uses for hydrogen: steel manufacturing, ammonia production, petrochemicals, methanol production, etc.," Best said.

https://www.bizjournals.com/houston/...Pos=8#cxrecs_s
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Old 04-15-2021, 03:41 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,504,279 times
Reputation: 5061
Houston-based Aldridge, a managed information technology services provider, has acquired San Antonio-based Entrust Technology Consulting Services, the companies announced April 14. Financial information for the deal was not disclosed.


The merged company will be led by Aldridge CEO Patrick Wiley and President Bryan Gregory, while Entrust founder and President Mitchell Sowards will stay on in an executive role, working with clients, providing leadership training and being a local ambassador in San Antonio, the company said


Before the acquisition, Aldridge provided outsourced IT services such as help desk support and network security monitoring for small to midsize companies across the U.S., with offices in Houston, Austin, Dallas and Seattle. The San Antonio market has been added through the acquisition, along with Entrust's customer base among accounting, consulting and health care businesses, the company said.


Aldridge acquires ENTRUST Technology Consulting Services - Houston Business Journal (bizjournals.com)


Aldridge | IT Outsourcing in Houston, Dallas, Austin & Seattle
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Old 04-15-2021, 09:48 PM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420
Shoutout to cart.com

The old executives from RTIC and blinds.com (both Houston companies) are collaborating to make an online store platform. Just secured $25M in funding.

I got to say, I never respected RTIC and all their sister companies for blatantly re-engineering leading brands. But I had a lot of respect for their magical logistics skills.

Those skills combined with blinds.com e-commerce skills make this startup a match made in heaven. Big hats off to them.
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Old 04-16-2021, 04:34 PM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420
Some more info on this start up:

-Their recent $25M in funding brings their grand total to $45M.
-7 High tech fulfillment centers in Houston, Phoenix, Fresno, Atlanta, Jacksonville, Philadelphia, and Rosemont, IL.
-Tech hubs in Houston, Austin and San Francisco, with smaller regional offices in Beaumont, Boston, and Phoenix.
-As mentioned, the executives from RTIC and blinds.com are the main masterminds behind this company. Also add Aliant Group to that list.

We have a few exciting start ups, but this one is on another level in my opinion.
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Old 04-16-2021, 04:54 PM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420
And another startup, fin-tech giant High Radius, plans to "1,000 within the next 12 months"

https://www.bizjournals.com/houston/...-series-c.html
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Old 04-18-2021, 11:57 AM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420
Quote:
Originally Posted by ParaguaneroSwag View Post
And another startup, fin-tech giant High Radius, plans to "1,000 within the next 12 months"

https://www.bizjournals.com/houston/...-series-c.html
Hire 1,000 *
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Old 04-18-2021, 11:58 AM
 
Location: Houston/Austin, TX
9,902 posts, read 6,607,441 times
Reputation: 6420
Utah software company Avetta to open corporate campus in Houston

https://www.bizjournals.com/houston/...-software.html
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Old 04-18-2021, 09:06 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,504,279 times
Reputation: 5061
Quote:
Originally Posted by Jack Lance View Post
New York's largest high end Real Estate firm is expanding into Houston, increasing international connectivity to the Houston market and increasing Houston's economic diversity.

Douglas Elliman, the New York real estate brokerage known for its multimillion-dollar listings and celebrity agents, is expanding into Houston, joining a crowded field of residential brokerages as technology and new business models are reshaping the industry.

Elliman, whose East Coast roots date to 1911, yesterday announced it had formed a joint venture with Houston-based Sudhoff Cos., which specializes in selling new condominiums in some of Houston’s most affluent neighborhoods.

Elliman had been approached by other Texas agencies looking to combine with the venerable brand, but the company never struck a deal until Sudhoff requested a meeting and Elliman officials identified similarities in the companies’ business models and cultures.

Lorber, who has visited Houston many times, in part because of his close friendship with former Houston Rockets owner Leslie Alexander, said he was impressed with how the city has grown and how its economy has diversified beyond the energy sector.

The local office will be hiring for marketing, design and leasing services, as well as adding a roster of agents to focus on the resale market. In addition to condo sales the firm markets newly constructed single-family homes.
https://www.houstonchronicle.com/bus...photo-18125416

Update: Douglas Elliman Texas is expanding throughout Texas

Just two years after establishing a foothold in Houston, New York-based Douglas Elliman Real Estate has set its sights on expanding its Texas presence with big hiring goals.

Douglas Elliman, which is known for marketing high-end luxury homes and condominiums, announced the expansion effort April 15. The Texas region’s headquarters will remain in Houston at 2001 Kirby Drive in River Oaks.

Douglas Elliman Texas has set a goal of hiring between 100 and 150 new agents in Dallas and between 50 to 100 new agents in Austin, Sudhoff said. Additionally, the company plans to hire between 50 to 75 new agents in Houston.

Douglas Elliman expands Texas presence, hiring - Houston Business Journal (bizjournals.com)
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Old 04-21-2021, 08:50 PM
 
Location: Beautiful Northwest Houston
6,292 posts, read 7,504,279 times
Reputation: 5061
A local e-commerce company that also operates it's own fulfillment centers is expanding it's headcount and helping to diversify the Greater Houston economy.

After announcing a $25 million Series A raise last week, Cart.com’s chief executive said the company plans to rapidly grow its headcount.

Houston-based Cart.com, a provider of end-to-end e-commerce services and software offerings, has raised more than $45 million since launching in September 2020. Cart.com co-founder and CEO Omair Tariq, who previously worked as COO at Houston-based Blinds.com, said the company has grown quickly from just two employees last fall to close to 100 employees today.

Cart.com has around 20 employees based in its Houston headquarters. The company just finalized plans to open an office in Austin in May, where Cart.com has another 20 employees, Tariq said. Cart.com’s acquisition of Beaumont, Texas-based AmeriCommerce, a provider of e-commerce services and storage supplies with nationwide fulfillment capabilities, added another 30 employees there. The firm has eight employees based in Arizona. Cart.com also operates eight fulfillment centers across the nation to assist with deliveries.

https://www.bizjournals.com/houston/...xpansions.html

https://www.cart.com/news/cart-com-c...-playing-field
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