AUSTIN — Hours after a Houston state lawmaker called on the company at the center of a no-bid contract scandal to disclose its investors, the CEO said in a blog post it firm has none.
Seeking a subtle way to quell building speculation about whether the company has politically-connected investors, CEO Irene Williams said in a short post that she is proud to be one of only “a few women in Texas and the United States that is the CEO of a 100% self-funded successful technology company.”
The Austin technology firm, which was founded in the 1990s, is under heavy scrutiny for its contract with the Texas Health and Human Services Commission for a Medicaid fraud detection system. The deal, originally signed in 2012 for $20 million and set to expand to $110 million, was canceled last month as part of a scandal that has so far led four high-ranking officials to resign and triggered a criminal investigation.
via Coleman asks 21CT to reveal its investors; firm says it has none – Texas Politics.