Austin mobile software maker buys Digby

May 7, 2014
Austin Business Journal

Phunware Inc., an Austin mobile software maker, has acquired another software developer operated by Austin-based 30 Second Software Inc.


Phunware disclosed Tuesday a deal to buy Digby, though financial terms of the acquisition were not disclosed in a company news release


Phunware, which launched in 2009, develops branded mobile applications. It was ranked No. 1 in the Austin Business Journal’s 2013 list of the fastest growing businesses in Central Texas — within the category of companies with less than $10 million in annual revenue. The company grew revenue from about $534,000 in 2010 to more than $8 million in 2012. It now employs 140 workers


In March, Phunware reported raising $26.5 million of a planned $29.9 million financing from 42 investors, according to a filing with U.S. Securities and Exchange Commission


Digby, which designs websites for mobile device shopping, was founded in 2006 by former Pervasive Software Inc. CEO Dave Sikora. It employed 120 workers in 2011


That year, 30 Second Software reported receiving from eight investors $7.7 million of a planned $8 million round of funding. The capital increased to $16 million the amount of venture capital the company had received, officials said


In July 2010, 30 Second Software received $2 million of a planned $3 million round of financing; in 2008 it completed a $5.5 million funding from the Blackberry Partners Fund, a venture capital fund managed by Canada-based JLA Ventures and RBC Venture Partners


Phunware has raised $43 million in investment capital since it was founded


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