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XPRIZE Launches New Video Game Design Challenge

socalTECH

Los Angeles-based XPRIZE said it has launched a new initiative, which will provide "thousands of dollars" in prizes that invites the next generation to develop video games which "depict a better future for humanity". XPRIZE said entries for the competition will be due by October 14, 2020. READ MORE>>.

Design 113
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Platinum Equity Buys Quark, Eyes Acquisitions

socalTECH

Los Angeles-based private equity firm Platinum Equity has acquired Quark , the developer of page layout software, according to the firm this morning. Quark's software is used by publishers to help lay out the design of their pages; publish data in XML; automating publishing of page layout, and more. READ MORE>>.

Equity 145
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Maury Microwave, Backed By Artemis Capital, Buys dBmCorp

socalTECH

Maury Microwave is backed by private equity investor Artemis Capital Partners. Financial details of the buy were not announced. Maury said the buy will help it expand its test and measurement technology portfolio. dBm is based in Oakland, NJ.

Capital 113
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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-market companies.

Capital 113
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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

Twenty years ago, if you started a brand, your first hire, outside of a designer, would have been a salesperson,” Murthy told TechCrunch. Ghost is not alone in developing technology focused on inventory. Ghost itself closed on a Series A equity round of $13 million, along with $7 million in debt, in June. Syrup Tech bags $6.3M

Product 191
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Private Equity Firms Behind Bidding War For MSC.Software Revealed

socalTECH

The mysterious private equity firms in a bidding war for Santa Ana-based MSC Software are Vector Capital and Golden Gate Capital, according to a report from TheDeal, citing sources close to the negotiation efforts. The latest bid on MSC.Software was on Tuesday, when the undisclosed group of private equity firms offered $8.50

Equity 140
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GoGuardian Expands Into New Offices

socalTECH

El Segundo-based GoGuardian , which develops software for the education market, has expanded into new offices in El Segundo, at the former Raytheon site. According to GoGuardian, the new office is in Raytheon's building R23, an industrial warehouse that previously had held engineering design and prototyping for Raytheon.