Austin Logistics Closes $8 Million Series B Funding Round

Austin Logistics™ Inc., a leading provider of predictive analytics and business intelligence software solutions, today announced that it completed an $8 million Series B financing round. The funding round was led by Total Technology Ventures with additional financing support from existing investors, including Baird Venture Partners, Apex Venture Partners, Svoboda, Collins L.L.C., and North Hill Ventures. The new capital infusion will be used by Austin Logistics to continue the company’s business success, which includes a nearly 100 percent jump in sales over the past 12 months.

In addition to securing its recent funding round, Austin Logistics also announced that Tom Smith, managing partner, Total Technology Ventures, has joined the company’s board of directors. Other board members include Daniel Duncan, president and CEO of Austin Logistics; William J. Philip, partner, Baird Venture Partners; Lon H. H. Chow, general partner, Apex Venture Partners; Norman A. Willox, Jr., chief officer for Privacy, Industry and Regulatory Affairs, LexisNexis; and R. Michael Allen, president and CEO, RMA Associates.

“Austin Logistics is a longstanding leader in the area of delivering better predictive decisions for market entry, retention and collections. The company has taken an innovative approach to employing predictive analytics and business intelligence to optimize business-to-consumer financial transactions,” said Tom Smith, managing partner, Total Technology Ventures. “We are delighted to be participating in this important funding round and look forward to working with the management team and employees as they take the company to its next level of growth.”

Since its last funding round in 2004, Austin Logistics has achieved numerous milestones. The company entered the telecom market through new customer deals with companies such as BellSouth. Austin Logistics also expanded distribution in South America, Europe and Asia with new distribution partnerships, as well as entered the Chinese market through its ongoing strategic partnership with First Data Corp. In addition, the company quadrupled its office space by moving its corporate headquarters to a new location at 2901 Via Fortuna in Austin, Texas. The new space is in support of a doubling of company staff over the past 12 months.

Austin Logistics’ innovative predictive analytics and business intelligence software solutions enable organizations to make proactive profit-focused decisions that optimize actions in key decision areas, including collections, risk & fraud, marketing and customer service. Austin Logistics solutions are deployed by companies across a wide range of financial services, including credit cards, auto loans, mortgages, direct deposit accounts, and consumer finance as well as in e-commerce and telecom.

“Austin Logistics has achieved tremendous business growth and expansion over the past year and this top-notch team of investors recognizes the opportunity for even greater success in the future,” said Daniel Duncan, president and CEO of Austin Logistics. “It’s a testament to the hard work of our employees and the tremendous value our solutions are bringing to leading financial, retail and telecom organizations around the world.”