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Vista Equity Sells Majority Of Websense To Raytheon

socalTECH

Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. The two said that Raytheon will invest $1.57 The two said that Raytheon will invest $1.57

Equity 100
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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

San Diego-based Somaxon , a developer of treatments for insomnia, has been acquired by Pernix Therapeutics Holdings , in a deal worth $25M. According to the two companies, Pernix will acquire Somaxon in a stock-for-stock transaction worth a total of $25M in total equity. Somaxon had 12 months net sales of approximately $11.7M

San Diego 147
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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Our last fund we raised was in 2012 and we began investing it in April of 2012. But that’s it.

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ServiceNow Files For IPO

socalTECH

San Diego-based ServiceNow , the developer of cloud-based, enteprise IT automation software, filed for an IPO Friday, saying that it is looking to raise up to $150M in an IPO on the NYSE. ServiceNow is venture backed by JMI Equity and Sequoia Capital. The firm reported a net loss of $6.6M READ MORE>>.

San Diego 113
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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

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
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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. “ Crypto investment starts 2022 with a roar. “If Apple chooses to roll out more daily local newsletters, it will have several markets to choose from.

Marketing 246