From statesman, January 8, 2009...
Austin-based Motion Computing Inc. said Wednesday that it cut about 30 workers, or roughly 25 percent of its work force; the company also announced the departure of CEO Scott Eckert.
Motion said Eckert resigned and will be replaced by company co-founder David Altounian.
The reorganization comes two weeks after Motion raised $6 million in venture capital to expand in markets, including health care, as well as to fund international growth. New Enterprise Associates, Institutional Venture Partners and G-51 Capital are investors.
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