Remove 2005 Remove Activity Remove Application development Remove Cloud Computing
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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. Financial terms of the deal were not disclosed. READ MORE>>.

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It’s Morning in Venture Capital

Both Sides of the Table

Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. And in a market with too much capacity (too many startups) the leverage was completely in the hand of buyers at M&A activity finally picked up. Today’s Normalization. Everybody is now payment ready.