Company and tech news from the region. Bunker new Friendzy COO
Dallas-based Friendzy hired Will Bunker as its chief operating officer.
In 1996, Bunker founded OneandOnly.com (now Match.com), and by 1999 the site became a leader in the industry with 60,000 affiliates and $1.4 million a month in revenue. Bunker sold his company to Ticketmaster Citysearch, now InterActiveCorp, in 1999 for $45 million. At the time of its sale, OneandOnly.com was the largest dating site on the Internet with 800,000 profiles and 150,000 daily users.
UMAX introduces desktop scanners
Dallas-based UMAX Technologies, Inc. released two new USB 2.0 scanners for business and consumer applications. The Astra 4950 and 4900 feature 1200 x 2400 dpi, 48-bit color depth and ultra-fast USB 2.0 connectivity, which is ideal for high-resolution image scanning and processing. UMAX has also included one-touch push buttons on the front of the scanners that allows users to directly email, scan, copy, and fax images. The Astra 4950 includes a transparency adapter to scan 4x35mm negative and 2x35mm slides.
Valence power system to be sold in Best Buy
Austin-based battery maker Valence Technology Inc. said Best Buy Co. Inc. ordered second-generation N-Charge Power Systems from Valence. The new N-Charge systems will be available in over 600 Best Buy retail stores nationwide in March. Valence is a leading user of Saphion technology, the only safe large-format Lithium-ion rechargeable battery technology. Valence holds a portfolio of issued and pending patents relating to its Saphion technology and Lithium-ion rechargeable batteries. The company has facilities in Austin, Texas, Henderson, Nevada and Mallusk, Northern Ireland.
Orsak new SMU Engineering School dean
Geoffrey C. Orsak, a nationally known figure in engineering education and an expert in communications and signal processing, was named dean of the Southern Methodist University School of Engineering, effective June 1. While serving as associate dean, Dr. Orsak created a nationally recognized program that helps beginning engineering faculty become skilled at acquiring federal research support. He also founded the Institute for Engineering Education, the first nationally funded entity to support the advancement of engineering education from kindergarten through graduate school.
Digital Data buys i2Telecom
Dallas-based Digital Data Networks Inc., which sells wireless advertising services to mass transit systems, acquired i2Telecom International Inc.
Digital Data said that as a result of the deal, i2Telecom shareholders would receive shares of Digital Data stock constituting up to 88.4 percent of the acquiring company’s voting securities. Digital Data broadcasts news, sports, weather and transit authority information — in addition to advertisements — over an FM radio frequency to buses and other public transit vehicles. The content is displayed electronically on screens mounted on the vehicles.
I2Telecom is a telecommunications services provider with operations in Boca Raton, Fla.; Atlanta; and Redwood City, Calif.
EiStream buys software business
Dallas software maker eiStream Inc. acquired Melbourne, Fla.-based Identitech Inc.’s business process management computer software systems business.
The purchase includes Identitech’s related software products, professional services and technical support work. Identitech provides government, higher education, insurance and public employment retirement systems to more than 650 customers. Its business process management systems are used to manage content, electronic forms, records, images and reports. EiStream plans to retain a majority of Identitech’s staff including development, support professional services and sales personnel, as well as the Melbourne facility. In a separate product licensing deal, eiStream announced an agreement to become the largest reseller of FYI Visual, Identitech’s business activity and business process monitoring software.
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