Congratulations to BlackLocus
Looks like another Austin-based startup has found a good exit:
We have some big and happy news to announce: BlackLocus has just been acquired by The Home Depot!
Our passion for data-driven decision making led us to start BlackLocus a few years ago. We wanted to create the next version of business intelligence software for retailers. We wanted to mix internal data with public data. We wanted to turn large and complex data sets into simple and intuitive interfaces. We wanted to make it all actionable! Our vision has always been to allow retailers to extract value out of the vast, and ever growing, amount of information that exists today.
It was a challenging journey to go from vision to product. Our engineering team was faced with a multitude of very difficult technical challenges, and over the last year we created some disruptive innovations that enabled our business to soar. Solving those problems through technical and research innovation was part of the fun.
However, what we have done to date is just the beginning. We are extremely impressed by the caliber of the Home Depot team. Their vision is ambitious. Their passion is motivating.
This isn’t the first Home Depot acquisition so I’m curious what Home Depot is up to. BlackLocus is apparently going to be the innovation lab for Home Depot in Austin, TX, which is also great news. Hopefully they can inject some creative and entrepreneurial thinking into the technology side of the house.