Cirrus Logic move to open coveted downtown office space

Cirrus Logic Inc.’s plan to relocate next year as many as 250 of its workers from a Sixth Street office tower popular with tech companies would leave vacant some highly sought downtown office space.

Cirrus Logic (Nasdaq: CRUS), a fast-growing Austin semiconductor maker, plans to move the workers from two floors of 300 W. Sixth St. into five floors of the Shoal Creek Walk tower under construction at West Sixth and Bowie streets, one block from Cirrus Logic’s headquarters at the corner of Sixth Street and West Avenue and across the street from Whole Foods Market Inc.’s headquarters. Cirrus Logic, which generates a large amount of business from Apple Inc. devices, has filled up its entire headquarters building since it was finished in 2012, spokesman Bill Schnell said.

British fintech company opens U.S. HQ in downtown Austin

The British keep coming — to Austin.

Another England-based financial technology company is opening its U.S. headquarters in downtown Austin. Big data analytics firm Hello Soda, operated by Soda Software Labs Ltd., is taking an office at the WeWork co-working space on Congress Avenue.

Hello Soda, which was founded in 2013 by three former executives of credit rating service CallCredit Ltd., developed an analytics platform called Profile designed to extract credit risk information from unstructured data. Its purpose is to verify identifications and detect fraud, assess risk and increase financial inclusion.

U.S. Secretary of State cites U of Texas role in clean energy

Austin’s clean technology industry got some national recognition Wednesday with a visit by Secretary of State John Kerry who said improved energy technology is lowering the price of alternative energy and increasing infrastructure investments.

Kerry spent about 90 minutes at the University of Texas’ J.J. Pickle Research Campus where he met with energy industry executives and researchers after touring the laboratories in the Microelectronics Research Center. Several UT officials, including President Gregory Fenves, also attended.

The meeting was largely a briefing of Texas experts’ views on the grid and energy infrastructure, said Michael Skelly, president of Clean Line Energy Partners LLC, a Houston-based company that develops long-haul transmission lines to connect renewable energy sources.

The clean technology industry has grown significantly in the Austin area and it’s expected to continue expanding in coming years. The industry employs nearly 20,000 workers and contributes an estimated $2.5 billion to the Central Texas economy, according to an Austin Technology Incubator report released in mid-2015.

Historic Dell-EMC merger done; what’s next?

While some technology companies slim down, Dell Technologies Inc. is bulking up.

As the Round Rock company enters yet another chapter of its lengthy 32-year history with the merger of EMC Corp. that was finalized on Sept. 7, the crucial question is whether it will continue to buck the trend in recent years that has seen larger tech players break up into smaller components.

Tech competitors such as IBM Corp. (NYSE: IBM) and Hewlett-Packard Enterprise Co. (NYSE: HPE) have been restructuring and streamlining business units to focus on customers and the specialized technology they demand.

Dell, in some ways, has done the opposite by engineering the largest tech merger in history.

Department of Defense opens tech office in Austin

Austin’s selection on Wednesday as one of the U.S. Department of Defense’s innovation hubs is expected to add fuel to the fire of the city’s already red-hot technology sector.

“We have so much forward momentum as far as innovation is concerned that it’s another feather in our cap and validation that we’re moving in the right direction,” Austin Technology Council CEO Barbary Brunner said.

Secretary of Defense Ash Carter said Wednesday the DoD spends $72 billion a year on research and development. So a local office for the Defense Innovation Unit Experimental, or DIUx, should put local entrepreneurs and technologists in a position to capitalize on such investment.

“We’re connecting Austin to innovators to fit that huge need and set of problems,” Carter said. “We’re starting with what’s uniquely strong about Austin and that’s the existing technology, and also the strong connection to the military.”

The DIUx will initially operate at the Capital Factory, a combination co-working space and accelerator that encompasses the entire top floor of the Omni Hotel building downtown. It was founded in 2009 and quickly became popular with local tech startups.

Dell to move annual conference to Las Vegas

Dell Technologies Inc. plans to move its annual users conference to Las Vegas in 2017 after holding it for six years at the Austin Convention Center, company officials confirmed Thursday.

The conference, which the company called Dell World before its acquisition of EMC Corp., is relocating to accommodate the larger number of expected attendees related to the EMC deal that officially closed on Wednesday. In May, about 12,000 people attended EMC’s users conference in Las Vegas compared with about 6,500 attendees at Dell World in 2015.

Virtual reality fuels resurgence in Austin game development industry

Dozens of businesses sat silent and dark as 100-degree August heat bore down on a beige, single-story office park in Southwest Austin.

It was a sleepy Sunday night and the nondescript warren of commerce on Freidrich Lane appeared an unlikely location to inspire innovation. Inside, however, the city’s game development community came together at the offices of Game Plan Entertainment LLC to test new products, including several virtual reality, or VR, and augmented reality games.

Kegs of beer sat on ice as nearly 150 visitors milled about the company’s conventional arcade games while local developers provided test runs of their new products. Instead of rolling balls or sliding disks, the latest games require headsets and hand-held controllers — everything else is created virtually by the software. And that’s why Austin game development is gathering momentum again.

VR is fueling a demand in Central Texas for development companies and is attracting investors looking to capitalize on the new technology. Meanwhile, a local entrepreneur is relaunching an annual game conference in Austin, a downtown accelerator plans to launch a special VR section, and a development company is considering creating a hub for game development in North Austin.

Critics wonder whether Innovation Office director is MIA

Austin’s chief innovation officer, Kerry O’Connor, made one of her first post-appointment public appearances at the Capital Factory in March 2014.

The business accelerator and co-working space popular with local technologists provided an audience eager to learn about what O’Connor planned for the city’s new Innovation Office. But answers about proposed Austin projects were scarce as O’Connor repeatedly referred to her work with the U.S. Department of State and Washington, D.C. That’s perhaps understandable — it’s difficult to forecast the future when you’re fresh to a new job and organization.

More than two years later, the Innovation Office has yet to file a progress report with the city, its headway is mostly nebulous to many outside observers, and it’s getting mixed reviews from city officials and technologists alike. Meanwhile, the office’s budget has nearly doubled as O’Connor organizes travel to cities such as London and Toronto, but not to similar innovation offices in Houston and San Antonio.

As some observers praise its work and refer to O’Connor as a “silent leader,” others said she has become largely isolated ­— maybe even absent — from local and state communities.

How fintech startup Honest Dollar was acquired by Goldman Sachs

Imagine where you would go to dinner if one of the largest financial services companies in the world just offered to acquire your one-year-old startup.

For serial entrepreneur William Hurley, the choice was the decidedly unpretentious Chili’s Grill & Bar at the Love Field airport in Dallas. It might not seem like the appropriate setting for such an auspicious event but Hurley, the CEO of Honest Dollar Inc., had few choices.

It was November 2015, and Hurley and Chief Strategy Officer Anthony Bunnell had just returned to Texas after spending a grueling day answering questions about their business model — ostensibly for a Series A round of funding — during three separate meetings at the New York headquarters of Goldman Sachs Group Inc.

While walking through the Virgin America terminal on their way home, Hurley returned a phone message from Goldman Sachs Managing Director Manju Madhavan. That was when he learned about the prospect of being acquired.

After the call, Hurley told Bunnell they needed to talk. They went to the airport Chili’s and ordered strawberry margaritas.

“We were shell-shocked,” Hurley said. “We looked at each other at Chili’s as if to say this is not an outcome anyone could have predicted.”

Chaotic Moon absorbed into global design company

The sun is setting on the Chaotic Moon brand.

The Austin digital design company is being absorbed into Fjord Ltd., a design consultancy acquired in mid-2013 by Accenture Plc. (NYSE: ACN) — the same company that bought Chaotic Moon last year. The announcement was made in a Wednesday blog posting on the Fjord website indicating the company wanted to “look forward to integrating into one brand.”

Fjord, previously headquartered in London, has 19 offices worldwide.

Chaotic Moon, which was founded in 2010, operates in downtown Austin and Dallas with about 100 employees, according to the posting. It indicates that the Fjord merger is scheduled to be completed in October. Chaotic Moon Managing Director John Fremont couldn’t immediately be reached for comment.