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TaskUs Surges In IPO

socalTECH

Santa Monica-based outsourcing provider TaskUs, founded by Bryce Maddock and Jaspar Weir, had a successful IPO on Friday, raising $304M in an IPO on the Nasdaq. The company was up around 30% in its IPO in trading on Friday, trading as TASK. The company priced its IPO last night at $23 per share, at the midpoint of its $22.00

Outsource 113
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Nexus Acquired By Dimension Data

socalTECH

Valencia, California-based Nexus , the information technology services provider headed by Deron Pearson, has been acquired by $6 billion IT solutions provider Dimension Data , the two said this morning. Financial terms of the acquisition were not announced. nexus dimension data dimensiondata merger acquisition consulting outsourcing'

Outsource 191
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UST Global Buys Four Companies, Makes Investments

socalTECH

Aliso VIejo-based UST Global , a provider of IT services and outsourcing, said today that it has acquired four different companies over the past six months expanding its workforce in the US, ASia, India, Europe, and Latin America. Financial details of those acquisitions were not announced. READ MORE>>.

Invest 138
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Some Quick Thoughts on Exits for Technology Startups

Both Sides of the Table

Outsourcing can be cheap. Both can hurt you in an acquisition. You need to understand motives of buyer (talent, product, revenue, strategic purchase) and where you fit in. People hate to acknowledge that location of team matters. Often it does. Remote teams can be higher retention for staff.

Startup 323
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Platinum Equity Buys OAO Technology Solutions

socalTECH

Los Angeles-based Platinum Equity has acquired OAO Technology Solutions , a provider of managed IT services and solutions based in Maryland, the firm announced this morning. Financial terms of the acquisition were not announced. Platinum Equity said it acquired OAO Technology Solutions from an affiliate of J.F.

Equity 145
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7 Government Small Business Grants to Apply For in May 2024

Tech.Co

This type of funding aims to facilitate cooperative research and development efforts research between small business concerns and non-profit US research institutions, with the potential for commercialization of innovative technological solutions. Learn more about the SBIR grant, and how to apply here.

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Wave Technology Solutions Acquires Radianta

socalTECH

Irvine-based Wave Technology Solutions Group, a systems integrator, has acquired fellow solutions provider and software developer Radianta, the firm disclosed this morning. Wave Technology Solutions Group provides IT consulting, business process outsourcing, and other products to corporations, government agencies, and municipalities.