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Clearlake Capital Buys Tolt Services Group

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired Tolt Services Group , an outsource, IT services company, and merged it with Kyrus Solutions , to form a new company called Tolt Solutions. Financial details of the deal were not announced. READ MORE>>.

Capital 138
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March Capital Partners Backs Activehours In New Funding

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Santa Monica-based March Capital Partners has joined in another funding round for Palo Alto-based Activehours , as part of a $39M funding. Activehours said the new, $39M investment round was led by Andreessen Horowitz, and also included Matrix Partners, Ribbit Capital and March Capital Partners. READ MORE>>.

Capital 113
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Clearlake Capital Rolls Up Three Companies Into Calero Software

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Santa Monica-based private equity investor Clearlake Capital Group has rolled up three companies into a new company called Calero Software , the company announced today. Clearlake Capital said that Calero is made up of the business operations of Veramark Technologies, PINNACLE, and Movero. READ MORE>>.

Capital 147
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Clearlake Capital Backs HEAT Software In Acquisition

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Santa Monica-based investor Clearlake Capital said today that it is behind a deal where HEAT Software will acquire the Absolute Manage and Absolute Service businesses from Absolute Software Corporation. HEAT Software is a portfolio company of Clearlake Capital, and is based in Milpitas. READ MORE>>.

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Fair Finds $385M For Auto Service

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Santa Monica-based Fair , which operates a service which lets consumers essentially gain access to automobiles on a month-to-month "car-as-a-service" program, has raised a giant, $385M funding round. According to the company, so far, it has provided cars for more than 20,000 users.

Services 113
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Calacanis Backs Mobile Social Networking Service

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Jason Calacanis , the high profile founder of Santa Monica-based Mahalo , is one of the angel investors in a mobile social networking service, Gowalla , the company said today. Tags: jason calacanis angel investment venture capital social networking gowalla. Series B funding for the firm.

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Honk Gets $12M For On-Demand, Roadside Service

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Santa Monica-based HONK , the on-demand, roadside assistance app startup led by Corey Brundage, said this morning that it has raised $12M in a Series A funding round. The funding was led by Altpoint Ventures, and also included Structure Capital, Karlin Ventures, Expansion VC, and Venture51. READ MORE>>.

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