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Investment Group of Santa Barbara Backs Mindflash

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The Investment Group of Santa Barbara is the primary backer of a developer of online training software for corporations, which announced a funding round Thursday. Mindflash , a Silicon Valley-based developer of online software for learning management and developing corporate training, said it raised $3.5M

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Yardi Wins Property Development Company

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Santa Barbara-based Yardi reported a customer win this week, with multifamily property development company Pennrose Management. Yardi said Pennrose is using its software to handle HUD compliance, online leasing, and check scanning, among other functions. Financial impact of the win was not disclosed. READ MORE>>.

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Santa Barbara Investor Puts $4M Into Mindflash

socalTECH

The Investment Group of Santa Barbara , a venture capital investment group based in Santa Barbara, has invested $4M in funding for a developer of a web-based cloud training software firm, Mindflash , Mindflash said today. The firm is led by Donna Wells, the former CMO of Mint.com. READ MORE>>.

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Yardi Acquires German Software Company

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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>>.

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QAD Acquiring German Company, Allocation Network GmbH

socalTECH

Santa Barbara-based QAD , which develops enterprise software used in the manufacturing sector, says it is in a definitive agreement to acquire a German company, Allocation Network GmbH , which provides strategic sourcing and supplier management.

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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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QAD Precision Wins British Car Parts Company

socalTECH

Santa Barbara-based QAD Precision , the division of QAD which develops global trade management and transportation execution software, has scored a win with British car parts company Rimmer Bros. Financial impact of the win were not announced. QAD Precision said that Rimmer BRos.