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NexQL caught the eye of Austin-based in 2003 when Crossroadzs entered into a technology development partnership withthe company. At the time, Crossroads invested about $2 million in the giving Crossroads abouta 44% stake in Crossroads CEO Rob Sims says Crossroad has converted its $2 million of debt into a 90% stakw in NexQL. NexQL's primary target customer was the an areaCrossroads ( ) hasn't traditionallhy focused on. But the government spacd turned out to be not much of a home run for Government agencies are ofteh slow in signingcontractsx -- a fact that didn't bode well for cash-strapperd NexQL.
The company went from a high of 18 employees to two stafferd by the time Crossroads took Foundedin 2003, NexQL ( ) was launched by CEO Andre w Heller, a co-founder of Austin-based . Heller won'tg hold a management position with Crossroads but will remain as an advisoryboard member, a position Hellerd has held for severak years. Crossroads CEO Sims says his firm will assumwe leadershipof NexQL. Amongv its three main product lines, Crossroadws provides systems that allow companies to managwetheir data. NexQL's quick-retrieval concept was one that drewCrossroads in, Sims When Sims took over Crossroada in 2003, he transformeed it into a data-management and security company.
Sims says he decided to focua on acquisitions to fill out areas wherwe thecompany didn't already have a stronghold, be it a technologuy or a market. NexQL fits on both ends, Sims
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