Dallas’s Muse Sells Architel to Houston IT Firm, Launches Sumo Ventures

Dallas—Centre Technologies of Houston has bought Dallas-based Architel, and Architel co-founder Alexander Muse says he now is launching a new early stage investment fund called Sumo Ventures.

Terms of the deal were not disclosed. Centre Technologies, founded in 2006, is a privately owned company that provides IT infrastructure for businesses of all sizes in Texas and Louisiana. Architel was founded in 2001 and manages services for cloud computing through 24-hour network operations center.

Muse says after 15 years, Architel wasn’t a startup anymore. “It was time to sell so that I could focus on what I’m good at—startups,” he says.

Muse is running Sumo with his father, Ralph Muse, who is a venture partner; and his sister, Caroline Branch, who will serve as entrepreneur-in-residence. Both of them have experience in founding and selling tech companies. (Karl Chiao joins as a non-family partner.) Sumo will start off as a $10 million fund, and that amount could increase if the team decides to take on outside investors.

Sumo will have no specific geographic focus and will invest in a wide variety of sectors including mobile, e-commerce, enterprise, retail, restaurants, and energy, Muse says.

The Architel sale is the second exit for Muse and his co-founder Scott Ryan. In December last year, New York’s Purch media picked up ShopSavvy, which aggregates sales offered by retailers.

Angela Shah is the editor of Xconomy Texas. She can be reached at ashah@xconomy.com or (214) 793-5763. Follow @angelashah

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