socalTECH

MAY 26, 2017

Santa Barbara-based LogicMonitor said Thursday that it has named Michael Tarbet as its new Vice President of Sales. LogicMonitor is a developer of cloud-based, performance monitoring software for IT infrastructure. The company is backed by Providence Equity Partners. READ MORE>>.

Sales 113

Sales Santa Barbara Oracle Equity 113

socalTECH

JUNE 21, 2018

Los Angeles-based private equity investor Platinum Equity says it is selling one of its portfolio companies, Verra Mobility , to The Gores Group , in a deal worth approximately $2.4 According to Platinum, the sale will create a new, publicly listed company, via a plan of merger with Gores Holdings II, Inc., READ MORE>>.

Equity 124

Equity Mobile Acquisition Los Angeles 124

L.A. Business Journal

FEBRUARY 22, 2018

Caltius Equity Partners announced on Feb. 22 the sale of its portfolio company Vision Technology Solutions, a website developer for government organizations in the U.S. and Canada, to cloud-based software developer Granicus for an undisclosed amount.

Equity 100

Equity Technology Web Development Software Development 100

socalTECH

FEBRUARY 19, 2014

Carlsbad-based MaintenanceNet , which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. Size of the funding round was not announced. The firm is led by Scott Herron. READ MORE>>.

Equity 168

Equity Outsource Development Funding Software 168

socalTECH

AUGUST 20, 2014

Paso Robles-based IQMS , a 25 year old developer of manufacturing ERP software, said Tuesday that it has raised a strategic growth equity investment from Technology Crossover Ventures and Banneker Partners. IQMS said it will use the investment for sales, marketing, and product development. READ MORE>>.

Equity 138

Equity Funding Invest Software 138

socalTECH

DECEMBER 16, 2015

La Jolla-based Abacus Data Systems , a developer of software to help law firms manage their practices, has been acquired by private equity investor Providence Equity , the companies announced today. Abacus said the strategic majority investment by Providence Equity will help it quickly sale up its technology infrastructure.

Equity 100

Equity Software Sales Invest 100

socalTECH

NOVEMBER 10, 2020

Los Angeles-based Signal Automotive , a startup which develops software for managing buying, selling, and inventory allocation for automobile dealers, has raised $20M in a funding round. The funding was led by Kayne Partners Fund, the growth private equity arm of Kayne Anderson Capital Advisors LP.

Software 124

Software Sales Southern California Equity 124

socalTECH

JANUARY 29, 2016

Irvine-based Kareo has named Drew Hamilton as its new Chief Sales Officer, the company said this week, to help scale the company's sales organization. Kareo is a developer of cloud-based medical office software, and is led by Dan Rodrigues. The company is venture backed by Montreux Equity Partners and Silver Lake Waterman.

Silver Lake 100

Silver Lake Sales Equity Organization 100

socalTECH

AUGUST 19, 2014

Epicor Software , the developer of supply chain management software which has its roots and still has significant operations in Orange County, is off the block, after its private equity investors did not see enough interest--or high enough prices--for the business. The news on that move came in May. Apax bought Epicor back in 2011.

Orange County 153

Orange County Sales News Equity 153

socalTECH

NOVEMBER 26, 2013

San Diego-based Qualcomm said late Monday that it has completed its sale of OMnitracs , the company''s GPS fleet management software and products division, to private equity firm Vista Equity Partners. Roadnet develops fleet management software solutions for private fleets, and is based in Baltimore, Maryland.

Sales 138

Sales Equity San Diego Acquisition 138

socalTECH

SEPTEMBER 25, 2012

DealCurrent , a developer of software used for managing local coupons and daily deals offers, has scored private equity funding from a private equity firm. Todd Belfer of Canal Partners joins Deal Current's board as part of the funding.

Equity 149

Equity Sales Funding Software 149

socalTECH

JULY 27, 2020

Santa Monica-based private equity investor Arrowroot Capital Management says it has completed its sale of its interest in SocialChorus , to another private equity investor, Sumeru Equity Partners. Financial details of the sale were not announced. Arrowroot Capital has been an investor in SocialChorus since 2018.

Capital 113

Capital Santa Monica Equity Sales 113

socalTECH

DECEMBER 22, 2021

Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah.

Acquisition 100

Acquisition Capital Sales Equity 100

socalTECH

AUGUST 16, 2021

San Diego-based sales and marketing software developer Seismic has raised $170M in a Series G funding round, the company said this morning, and is now valued at $3 billion. Along with the funding, the company said it has acquired Lessonly, a developer of sales training, coaching, and enablement software which is based in Indianapolis.

San Diego 113

San Diego Coach Sales Training 113

socalTECH

SEPTEMBER 25, 2018

Irvine-based Cirrus Insight , a developer of software used to help sales people with managing their email inbox and calendar, has received what it says is a "significant" growth equity investment. The funding came from private equity investor Clovis Point Capital. Size of the funding was not announced. READ MORE>>.

Funding 113

Funding Email Equity Sales 113

socalTECH

JANUARY 5, 2011

Los Angeles private equity firm The Gores Group said Wednesday that it has closed its sale of Vincotech Holdings Sarl , a developer and manufacturer of power modules and inverters for the industrial and solar power market. Financial details of the sale were not disclosed.

Sales 133

Sales Equity Los Angeles Marketing 133

socalTECH

MARCH 9, 2021

Los Angeles-based education technology developer GoGuardian says it has named a new Chief Revenue Officer. McAllister most recently served as VP, Enterprise Sales, North America for Everbridge, and also has served at Monster, PowerReviews, LinkedIn, and CareerBuilder.

Equity 113

Equity Education Software Development Los Angeles 113

socalTECH

APRIL 29, 2020

Los Angeles-based private equity investor Palisades Growth Capital announced this morning that it has sold off its ownership interest Los Angeles-based L Docupace , a developer of software for the wealth management industry. Financial terms of the sale were not announced.

Capital 113

Capital San Diego Equity Los Angeles 113

socalTECH

DECEMBER 18, 2018

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The funding round came from Lightspeed Venture Partners, T.

San Diego 113

San Diego Sales Equity Pricing 113

socalTECH

MAY 21, 2020

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced.

San Diego 113

San Diego Invest Equity Los Angeles 113

socalTECH

JUNE 15, 2021

Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software.

Draper 113

Draper Equity Acquisition Los Angeles 113

socalTECH

SEPTEMBER 29, 2021

Santa Barbara-based Invoca, which provides call tracking and marketing intelligence software, says it has named Paula Schmidlin as Senior Vice President, People & Culture, and promoted Ben Sullivan to Executive Vice President, Sales.

Santa Barbara 113

Santa Barbara Equity Acquisition Sales 113

TechCrunch LA

JULY 19, 2022

It also handles the back end as well by automating the posting, sale and shipment of unsold inventory while offering immediate payment to creditworthy sellers. 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.

Product 191

Product Funding Technical Review Equity 191

socalTECH

MARCH 19, 2014

Sales tax compliance is not a typical sexy startup area. So, it was a surprise when a number of smart, insider angels -- including Roy Rubin (founder of Magento, which he sold to eBay), and Dan Rose (VP of Partnerships at Facebook)--put their money behind TaxJar (www.taxjar.com), a San Diego startup developing sales tax compliance software.

Sales 149

Sales Software Startup Commerce 149

socalTECH

JUNE 30, 2021

Los Angeles-based ServiceTitan, which provides software used by contractors and the trades to manage their business, has acquired another company, Aspire Software, which develops software for the commercial landscaping business. ServiceTitan said it is hiring, particularly in customer support, sales, product, and engineering.

Acquisition 113

Acquisition Equity Los Angeles Software 113

socalTECH

JULY 21, 2020

Datto , a developer of cloud-based software for the managed service provider (MSP) market--which just opened up a new office in Irvine--said that it has acquired Gluh Pty Ltd , an Australian company which develops software that allows MSPs to simplify procurement of IT products and services.

Software Review 113

Software Review Equity Acquisition Software 113

socalTECH

JULY 1, 2020

Los Angeles-based Scalefast , a developer of direct-to-consumer, e-commerce software, has raised $22M in a Series B funding round. The funding came from Xplorer Capital, Stereo Capital, FJLabs, Benhamou Global Venture and Credit Mutuel Equity. Scalefast's software is specifically used by brands to scale direct-to-consumer sales.

Tool 124

Tool Commerce Equity Los Angeles 124

Startup Professionals Musings

JULY 1, 2017

The problem is that professional investors (angels and venture capitalists) want a proven business model before they invest, ready to scale, rather than the more risky research and development efforts. The positives are that you give up no equity, and these apply to the early startup stages, but they do take time and much effort to win.

Develop 70

Develop Development Product Startup 70

Berkonomics

JUNE 10, 2021

In an early-stage company, the key issue is most often finding the way to start the revenue flowing from services and sales. With enough revenues, the young company can more easily raise equity funds, borrow money, hire top talent, and gain valuable publicity. How about early-stage companies with unique problems?

Examples 156

Examples Sales Demand Equity 156

socalTECH

JULY 5, 2016

Epicor , the enterprise software development firm which has significant operations in Orange County, has been sold to private equity investor KKR , the company announced Tuesday morning. Financial terms of the sale were not announced. Epicor had been in the hands of another, private equity investors-- Apax Partners.

Orange County 133

Orange County Equity Software Development Sales 133

socalTECH

SEPTEMBER 10, 2020

San Diego-based sales enablement and marketing software developer Seismic said this morning that it has named Heather Cole as the company Vice President, Market Growth. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures; at the time of its last funding, in 2018 , the company was valued at more than $1 billion.

San Diego 113

San Diego Equity Research Software Development 113

TechCrunch LA

DECEMBER 8, 2020

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

Sales 282

Sales Demand San Diego Funding 282

socalTECH

NOVEMBER 30, 2017

Los Angeles-based private equity investor The Gores Group has sold one of its portfolio firms, Atlanta-based Peoplenet , to Boston-based Bullhorn. Financial details of the sale were not announced.

Equity 113

Equity Los Angeles Software Sales 113

socalTECH

JANUARY 14, 2019

Los Angeles-based human resources (HR) technology developer CareerArc --part of an ever growing number of Los Angeles area enterprise software companies--said this morning that it has raised $30M in a growth equity funding. According to CareerArc, the new round was led by PeakEquity Partners.

Technology 133

Technology Resource Los Angeles Equity 133

socalTECH

MARCH 3, 2020

Goleta-based Transphorm , which develops gallium nitride (GaN) semiconductors for power conversion, said today that it has raised $21.5M in an equity financing, and also entered into a reverse merger with an entity called Peninsula Acquisition Corporation. and will continue the historical business of Transphorm. (KKR), READ MORE>>.

Funding 113

Funding Equity Acquisition Sales 113

socalTECH

AUGUST 23, 2018

Los Angeles-based Appetize , which develops modern, tablet-based and other point of sale (POS) systems, said this morning that it has linked with SIDEARM Sports , a provider of mobile apps for the collegiate athletic market. Appetize recently raised a big, $23M funding round, from 32 equity, the NFL's investment arm.

Sales 100

Sales Equity Los Angeles Mobile 100

socalTECH

FEBRUARY 21, 2019

Santa Monica-based private equity investor Arrowroot Capital is the lead investor in a funding round for parking technology developer ParkHub , in ParkHub's first instituional funding. According to the company, the funding is its first institutional funding round.

Funding 133

Funding Santa Monica Equity Capital 133