Company and tech news from the region.
IT worker confidence down
Confidence among IT workers plunged over 12 points from 109.9 to 97.5 in August. This is only the second time in its history that it fell below the base of 100. Sector employees rating their finances as excellent or good fell dramatically from 62 percent the previous month to 47 percent in August.
In addition, only 70 percent stated they were happy in their current jobs, compared to 75 percent in July. U.S. worker confidence fell 5.5 points, taking it to the lowest level on record as the national Hudson Employment Index dropped below the base of 100, also for only the second time ever, to 98.2.
After holding steady near 31 percent for nine consecutive months, the number of workers expecting hiring slipped to 30 percent. At the same time, the percent anticipating job cuts rose from 16 percent in July to 18 percent, which shows the same pattern from one year ago. Job security concerns also climbed a point to 21 percent this month, as the percent reporting job satisfaction slipped from 74 percent to 72 percent.
Intechra gains funding
Carrolton-based Intechra Holding Corp. has received $4 million in equity funding. Intechra is the parent company of Intechra LLC, a recycler and remarketer of computers and related information technology assets. The financing was led by Chrysalis Ventures.
The $4 million Series B preferred equity investment will be used to support Intechra’s national expansion and acquisition strategy, the company said.
Founded in 1987 as Resource Concepts, Inc., Intechra provides IT asset disposition services including investment recovery, fail-safe data destruction, and responsible, environmentally friendly recycling with liability protection. The company refurbishes, remarkets, and recycles computers, peripherals, servers, routers, and telecommunications equipment.
Texas Memory goes with Kodak
Texas Memory Systems, which manufactures the World’s Fastest Storage and is the market leader in solid state disk storage technology, has chosen Eastman Kodak Co.’s worldwide service organization to provide on-site warranty and post-warranty service for its solid state disk storage systems.
Based in Houston, Texas Memory Systems provides solid state disk technology, a scalable platform for data storage. Kodak’s worldwide service organization, Kodak Service & Support, is now recognized by Texas Memory Systems as an authorized service provider for its SSD devices.
REAL releases Linux package
Austin-based REAL Software, Inc. released REALbasic 2005 for Linux. REALbasic 2005 for Linux is a rapid application development (RAD) environment that enables users to quickly create software for Linux.
REALbasic 2005 for Linux enables both desktop and server application development for Linux. In addition, REALbasic 2005 includes a Visual Basic Project Converter that helps migrate existing Visual Basic applications to REALbasic where they can be compiled for Linux. This is a benefit for companies that are looking to migrate to Linux but have legacy Windows-based software that was created with Visual Basic, the company said.
SyChip tops fastest five-year growth list
Revenue growth of 20,030 percent over five years has earned SyChip Inc. the top spot in Deloitte & Touche USA L.L.P.’s list of the fastest-growing technology companies in Texas.
Plano-based SyChip develops and markets radio frequency chip scale modules for the mobile market.
Second place on the annual Texas Technology Fast 50 list went to Dallas-based NewMarket Technology Inc., which focuses on emerging technologies for business. NewMarket Technology’s revenue increased by 18,082 percent over five years.
Third placed was Houston-based PreCash Inc. with 14,887 percent growth.
Two Austin companies, NetQoS Inc. and SiteStuff Inc. were ranked fourth and fifth with 8,919 percent and 6,155 percent growth respectively.
Other Metroplex companies ranked in the top 10 included HRsmart Inc. of Richardson with 4,687 percent growth; Vertical Computer Systems Inc. of Fort Worth with 4,580 percent growth; and Zix Corp. of Dallas with 3,486 percent growth.
To be eligible for the list, companies must have had operating revenue of at least $50,000 in 2000 and at least $1 million in 2004.
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