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Yardi Acquires German Software Company

socalTECH

Santa Barbara-based real estate management software developer Yardi Systems has acquired a German company, iMS Immobilien Management Systeme GmbH , a developer of commercial property management software, the companies said very late last night. READ MORE>>.

Software 100
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Yardi Debuts Machine Learning Software

socalTECH

Santa Barbara-based property management software developer Yardi said today that it has launched a new product, which uses machine learning for prescriptive analytics.

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Procore Set For $592M IPO This Week

socalTECH

Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. billion market cap.

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QAD In $2 Billion Private Equity Acquisition

socalTECH

Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. According to QAD, its shareholders will receive $87.50 per share in cash from Thoma Bravo, in an all-cash transaction.

Equity 113
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Yardi Wins Irish Rental Manager

socalTECH

Santa Barbara-based property management software developer Yardi reports that it has been selected by a company in Dublin, Ireland. According to Yardi, Urbeo Residential Limited has selected it as the end-to-end software provider for its 1500+ unit build to rent portfolio.

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FastSpring Expands Platform

socalTECH

Santa Barbara-based software developer FastSpring--best known for its e-commerce software tools--says it is expanding its offerings, and will offer up support to B2B, software-as-a-service and downloadable software companies with sales team.

Platform 113
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Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 Stifel, Nicolaus & Company, and William Blair & Company. Stifel, Nicolaus & Company, and William Blair & Company.