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Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. The Tech Coast Angels and the Pasadena Angels revealed today that their return on Bluebeam was 20x for angels who participated in funding Bluebeam.

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Cogent Sees Smooth Sailing For Acquisition

socalTECH

Pasadena-based Cogent , the developer of fingerprint and other biometrics devices, reported this morning that a Delaware court has denied a shareholder motion to block the acquisition of the firm by 3M. Cogent said its board continues to "strongly endorse" the proposed acquisition of the company. READ MORE>>.

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Cogent In $943M Acquisition By 3M

socalTECH

Pasadena-based Cogent , the developer of fingerprint and other biometric readers, is being acquired by 3M , the two companies announced today. per share, worth approximately $943M, or $430M net of cash acquired. Tags: cogent biometrics security merger acquisition. According to 3M and Cogent, 3M is acquiring Cogent for $10.50

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Mindbody Moves Closer To IPO, Sets IPO Trading Range

socalTECH

Mindbody is selling 7,150,000 share of its stock in its IPO, which would net $123.3M Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. Mindbody said in a filing this morning that it now expects its IPO to debut at between $13.00 and $15.00 for the company if its prices at the high range.