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AutoVitals Gets Private Equity Investment

socalTECH

Goleta-based AutoVitals , which develops software-as-a-service (SaaS) products for the automotive repair and maintenance software business, has raised a round of private equity, the company recently announced, from private equity investor Tritium Partners. Financial details of the private equity deal were not announced.

Equity 140
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Vista Equity Sells Majority Of Websense To Raytheon

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Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. Vista Equity will also invest another $335M in the companies for a 19.7

Equity 100
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Sources: Active Network In Major Layoff

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San Diego-based sports registration service Active Network has laid of over 100 people, according to sources near the company. No details on the layoff have been announced by the privately held company, and the company had not yet filed a notice with the state of California''s WARN system on any impending cuts. READ MORE>>.

Layoffs 197
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Qualcomm Backs Startup's Head Mounted, Wearable Computers

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RealWear , a developer of helmet-mounted, wearable Android computers, has scored backing from San Diego-based Qualcomm Ventures , in a $80M funding, the company said this morning. Qualcomm was already a strategic partner of RealWear, whose high-tech products include an eye-mounted projection display with voice control.

High Tech 113
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WebSense To Move Headquarters To Texas

socalTECH

In a big loss for the local high tech community, computer security software developer Websense --based in San Diego--is moving its headquarters to Austin, Texas, and is taking 445 jobs with it. The move comes eight months after Websense was acquired by private equity company Vista Equity Partners last June.

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TaskUs Snags Chief People Officer From Chipotle

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Santa Monica-based TaskUs , which provides back office and customer support for many prominent high tech companies, said this morning that it has appointed Mike Ferguson as the company's first Chief People officer. Ferguson will be based out of Denver. READ MORE>>.

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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy. FTD acquired San Diego's ProFlowers in 2014, paying $430M for the online flower and gift delivery service. United Online was acquired by B.