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CitySourced Merges With Rock Solid Technologies

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Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. CitySourced was founded in 2009, and is led by CEO Jason Kiesel. Financial terms of the merger were not announced.

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IPO Market Surpasses 2008, 2009, According to Report

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A new report today released by PwC finds that the market for initial public offerings (IPOs) has jumped significantly in 2010, with volumes exceeding both 2008 and 2009 levels. PwC tallied up 154 IPOs completed this year so far, raising $37.5 IPO market to generate liquidity for their investors.

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SoCal Second Place In 2009 Clean Technology Investments

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A report released today by Ernst & Young finds that Southern California was number two in the nation in terms of clean technology investments for the year. According to the analysis of 2009 venture capital, based on data from Dow Jones VentureSource, Southern California had annual investments of $329.5M Nationwide, U.S.

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California Tech Exports Down In 2009

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California's technology exports fell in 2009, dropping by $8.0 billion from 2008 to 2009, according to a report released this week. According to the Trade in the Cyberstates 2010 report released by the TechAmerica Foundation, however, California still had the most number of high-tech exports of any state--$41.3M.

High Tech 150
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Apriso Claims Record 2009 Revenues

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Long Beach-based Apriso , a developer of planning and control software for the manufacturing industry, reported Thursday that the firm had record revenues in 2009. Apriso is venture backed by Brentwood Venture Capital, CMEA Ventures, LogiSpring Investment Fund SA, SAP Ventures, and Wall Street Technology Partners. READ MORE>>.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. billion in liquidity was generated in the sector.

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Report: IPO Activity Triples In Q2

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A new report released this morning from PricewaterhouseCoopers says that U.S. billion in Q2 of 2009. billion in 2009. billion in 2009. The most number of deals came from the Technology sector, where there were 11 IPOs raising $778.4M. IPO activity nearly tripled in the second quarter. billion dollars.

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