Tech roundup: Zebra Technology’s new acquisition, Lightstream’s Series A, and more
Zebra Technologies acquires Temptime Corporation
Zebra Technologies, a company that supplies big data-centered enterprise solutions to companies in healthcare, retail, manufacturing and other industries, closed on its acquisition of the New Jersey based hardware company Temptime Corporation. Temptime manufacturers time-temperature indicators for the healthcare industry that can visually notify users of potentially harmful temperature changes in shipments of medical and biological products. The East Coast company holds 90 issued patents.
“This acquisition aligns well with our strategy to expand into high-growth areas that are a strong fit for Zebra,” said Anders Gustafsson, chief executive officer, in a press release announcing the venture. [Press release]
Lightstream announces $8M Series A
Cloud-based video production company Lightstream raised an $8 million Series A to further the capabilities of its software and broaden its reach. Drive Capital led the round and MK Capital, Pritzker Group and Silicon Valley Bank also participated. Andy Jenks, general partner at Drive Capital, also joined Lightstream’s board. The funding will be used to hire around a half dozen new staff and invest in new product evolutions and market opportunities — specifically providing in-house monetization solutions for users and working with sports organizations, allowing them to capture and edit footage via the Lightstream platform at their events. [Built In Chicago]
Relativity wants to make 300 hires in the next 10 months
Relativity, an e-discovery company providing cloud-based software to governments and law firms so they can analyze legal documents, announced its plans to hire 300 new team members before 2020. The company currently has 850 total staff and expanded its Chicago office by 40,000 square feet last year to accommodate the new faces it’s now welcoming. This hiring round will consist of individuals across engineering, security and customer success roles. Relativity recently made Built In Chicago’s 2019 Best Places to Worklist.
“These new hires will allow us to further build out our capabilities as an e-discovery platform and continue our mission of bringing the industry to SaaS,” said Matt Garvey, director of talent acquisition. [Built In Chicago]
1871 and Truss team up for startups
Startup incubator 1871 and commercial real estate listing platform Truss have partnered to help Chicago-area startups find their ideal office space as they continue to grow. The Truss platform will now allow small business owners to take 3D tours of the available space in 1871. The company will also offer consulting and real estate advice to 1871 members as they seek other office options.