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Impact Collects $75M In Investment Round

socalTECH

Santa Barbara-based Impact , which develops software used for partnership automation, said this morning that it has raised $75M in an investment round. According to the company, the funding will go towards accelerating development of its platform, for go-to-market and regional expansion, and other growth efforts. READ MORE>>.

Invest 113
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How RxVantage's IT Software Aims To Automate A $20B Market

socalTECH

RxVantage (www.rxvantage.com), based in Los Angeles, is looking to tackle that huge market with its medical scheduling software for pharmaceutical and medical sales reps and medical offices, and is venture backed by Slater Technology Fund and Javelin Venture Partners. The offices are pretty adept at the software game at this point.

Marketing 231
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PromoJam Raises $1.2M

socalTECH

According to the company, the new round will go towards growing its social marketing software, plus expansion of sales and marketing. PromoJam was founded in 2008 by brother and sister Matt and Amanda MacNaughton.

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Entrepreneurial Opportunities in Software: Start-ups in the Cloud ?? Challenges and Opportunities

SoCal Tech Calendar

Saturday, June 12, 2010 -- Entrepreneurial Opportunities in Software: Start-ups in the Cloud  Challenges and Opportunities. The global cloud computing market is expected to grow at a compounded annual rate of 28 percent from $47 billion in 2008 to $126 billion by 2012, according to IBM based on various market estimates.

Startup 100
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Interview with Jimmy Hendricks, Deal Current

socalTECH

They are using DealCurrent as the deal platform for all of their clients. We see those three products working together, as features of one platform which both can be used independently, as well as together. But, with the economy turning south in 2008, lots of those customers went out of business. So we completely refocused.

Platform 263
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CloudBasic Launches Cloud Development Tools

socalTECH

Irvine-based startup CloudBasic is one of the startups which launched a product this week at the DEMO conference in Silicon Valley, saying that it has released the CloudBasic Application Platform, a cloud application environment targeted at Microsoft.NET developers and business users. The firm said it was founded in 2008. READ MORE>>.

Develop 140
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Upfront Ventures Adds Hamet Watt as New Investment Partner

Both Sides of the Table

He first came to see me in 2008 when we was raising money for his 1st startup – NextMedium. It was a software platform for allowing advertisers to purchase brand integration (product placements) as a standardized unit through a marketplace. I’ve known Hamet for 5 years. The idea immediately resonated.

Invest 340