Tyco announces $175M ShopperTrak takeover
ShopperTrak, a Chicago-based consumer behavior analytics firm, is being purchased for $175 million by Tyco International, a security systems company. With regulatory approval still pending, the cash deal is expected to close in Q2 next year, according to a statement released today. [Tyco to Acquire ShopperTrak, a Leading Global Provider of Retail Analytics and Intelligence: PRNewswire]
Rivet Radio soon in a store near you
At the end of last week, Chicago’s Rivet News Radio partnered with Austin’s Mood Media Corporation. Rivet Radio will deliver short news segments to be integrated into Mood Media’s music streaming service for retailers and other businesses. Topics will include arts & entertainment, business, politics, sports, and technology among others.
DRIVIN launches mobile app for used car dealers
DRIVIN, a Chicago-based company that helps car dealers source used cars for their lots, launched an app for iOS and Android devices late last week. The app lets dealers initiate purchases and connect with standby company representatives directly from their phones. [DRIVIN Announces Launch of Mobile Application for Dealers: PRNewswire]
1871 launches Economy of Now Forum
In response to an influx of on-demand service providers, 1871 announced on Friday they have created an “Economy of Now” forum for these businesses to exchange ideas and identify opportunities for growth. [Economy of Now (EON) Forum Launches at 1871: 1871]
Chicago’s Uptake beats Uber, Slack, as Forbes’ hottest startup
On Thursday, Forbes released their annual list of the year’s hottest startups, naming Uptake , a reclusive Chicago data analytics startup its winner. Uptake — whose software mines data for insights for big machines industries like aviation, construction, and rail — beat companies like Slack, Uber, WeWork, DraftKings, and ClassPass for the honor. [Built In Chicago]
NextCapital raises $16M in series B
Chicago-based digital investment advice firm NextCapital raised $16 million in a series B funding round led by AllianceBernstein, Manulife, and Route 66 Ventures. NextCapital, founded in 1997, connects with clients’ accounts to offer digital investment advice and personal benchmarking tools that help customers understand how their investments are doing relative to comparable assets. [Built In Chicago]
Photos via Shutterstock, 1871, and Uptake.
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