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QAD Completes Allocation Network GmbH Acquisition

socalTECH

Santa Barbara-based QAD, which develops software for the manufacturing sector, said Tuesday afternoon that it has completed its acquisition of Allocation Network GmbH. Financial terms of the acquisition were not announced. Allocation Network GmbH was based in Munich, Germany. QAD is led by CEo Anton Chilton.

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InTouch Health Adds Telemedicine Services, Acquires AcuteCare

socalTECH

Santa Barbara-based InTouch Health announced this morning that it is expanding into the tele-physician services market, and has acquired AcuteCare Telemedicine. Financial terms of the acquisition were not announced. InTouch Health said the acquisition will help it extend its offerings.

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Emergent Microgrid Acquired By Electriq Power

socalTECH

Santa Barbara-based Emergent Microgrid , a developer of community microgrids in Santa Barbara and Montecito, in an apparent acquisition deal with smart home battery manufacturer Electriq Power. Electriq Powersaid it will incorporate Emergent's software tools into its capabilities.

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CALIENT Acquired By Chunxing

socalTECH

Santa Barbara-based CALIENT , the developer of optical MEMs switching technology, has been acquired by Chinese company Suzhou Chunxing Precision Mechanical Co., Financial terms of the acquisition were not announced. the two said this morning. CALIENT said it will remain in Goleta. READ MORE>>.

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Yardi Buys Another Service Provider

socalTECH

Santa Barbara-based Yardi , which develops real estate and property management software, has acquired another firm, saying Thursday tht it has acquired the Multifamily Services Group (MSG) unit of ista North America. Financial terms of the acquisition were not disclosed. The unit has employees in Alpharetta, Ga.,

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Invested.in Buys MyNewFinancialAdvisor, Launches New Service

socalTECH

Santa Monica-based crowdfunding site InvestedIn is announcing this morning that it has acquired Santa Barbara-based MyNewFinancialAdvisor , and is launching a new, invite-only site for premium investment opportunities. The new service, InvestedIn Alpha, is aimed at connecting alternative investment firms to accredited investors.

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Lead Edge Capital Raises Fifth Fund, Worth $950 Million

socalTECH

Santa Barbara- and New York-based Lead Edge Capital , a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The company said the funding came from over 500 existing and new limited partners, and was oversubscribed and closed at its hard cap.

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