Regional Apple products reseller MacAuthority has been acquired by tech retail giant GameStop, which last year launched an aggressive push into selling more than video games. Through the deal, GameStop's Simply Mac unit adds six stores in five cities as well as locations on the campuses of Vanderbilt and Belmont universities. In a memo obtained by Apple Daily Report, MacAuthority CEO Mark Gregory said he will transition into a new management role as Simply Mac looks to double its store base in short order.
GameStop (Ticker: GME) acquired a minority stake in Simply Mac in the fall of 2012 and bought its remaining shares last November. Simply Mac is now part of the company's recently organized Technology Brands segment, which runs more than 270 stores. In the fiscal quarter ended May 3, that group produced an operating profit of $6.0 million on net sales of $60.2 million.
Logo design venture LogoGarden has raised $750,000 from venture capital firm FCA and is looking to drum up another $1.15M as its leaders seek to position themselves not just to grow further, but also to set themselves up to be acquired in a few years. Founder and CEO John Williams tells Milt Capps at Venture Nashville he is looking for a deal before 2018 comes around.
Southern/Alpha will in a few weeks host its second Spark:Nashville event, which is highlighted by a rapid-fire pitch competition. The event will take place Sept. 4 at Events on 3rd in Printer's Alley. Here's some info on the inaugural shindig.
A team of seasoned local software entrepreneurs has unveiled BuyHappy, a browser extension that scours the web for the best price and has been saving online shoppers an average of $28 per transaction. Kelley Boothe at Southern/Alpha has more on the launch of BuyHappy, which is chaired by StudioNow founder and CEO David Mason.
Nashville-based video security and surveillance company Smartvue Corp. announced today it will partner with Brivo Systems LLC of Bethesda, Maryland.
Financial terms of the deal were not disclosed in a release.
With the deal, Brivo Systems and Smartvue will offer cloud-based and local video storage and management via web browsers, smartphones and tablets to small, medium and enterprise markets through the Smartvue Network Video Recorder.
"Smartvue and Brivo share a commitment to offer simple and elegant technologies that provide the leading cloud surveillance and security experience to customers worldwide," Martin Renkis (pictured), Smartvue founder and CEO, said in a release. "We are excited to partner with Brivo to make the world a safer place."
The Brivo OnAirSM Online Video Recording platform integrated with Smartvue provides organizations the ability to access both live feeds and recorded high-definition video to “improve facility safety, security and total cost of ownership,” according to the release.
“Our customers are always looking for ways to increase visibility, resiliency, span of control and long-term reliability,” said John Szczygiel, Brivo Systems executive vice president and chief operating officer. “Our partnership with Smartvue Corporation allows us to bring to them a unique and innovative video solution that addresses each of these needs.”
Founded in 1999, Brivo Systems is a wholly owned subsidiary of Elmhurst, Illinois-based The Duchossois Group, a privately held entity comprising companies it notes are valued at approximately $2 billion.
Piedmont Natural Gas announced today it has opened its second compressed natural gas fueling station in Nashville.
The station is located at 541 Spence Lane, with the CNG fuel price currently at $2.19 per gallon.
Piedmont Chief Financial Officer Karl Newlin projects to displace 2 million gasoline gallon equivalents this year and to convert at least one-third of its more than 1,000 fleet vehicles to CNG by the end of 2015.
“With other public stations being developed, Piedmont is helping to create CNG fueling corridors along the major interstates in our service area,” Newlin said in a release. “Already there are 11 customer owned stations in our territory with 5-7 more being planned.”
Piedmont’s first CNG fueling station in Tennessee opened along with the Nashville Resource Center at 83 Century Blvd. in April 2010.
Nashville Mayor Karl Dean said Piedmont’s newest fueling station marks an important milestone in Metro’s efforts to become one of the greenest cities in the Southeast.
“Nashville is supporting this initiative by purchasing the first compressed natural gas vehicle in the Metro fleet, and these efforts, together, are concrete steps toward a cleaner city and a legacy we can build for future generations of Nashvillians,” Dean said.
CNG is methane stored at high pressure and can be used in place of gasoline, diesel fuel and propane.