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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 The company’s massive mint comes thanks to a new $500 million financing round led by Sequoia’s Global Equities fund and Tiger Global Management.

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Cornerstone OnDemand Files For IPO

socalTECH

According to the S-1, the firm had a net loss of $8.3M Cornerstone OnDemand develops software-as-a-service, used by human resources and others to manage learning, career development, succession planning, and other corporate operations. Tags: software saas exit acquisition merger ondemand cornerston. READ MORE>>.

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ACTIVE Network Signs Up Two YMCAs

socalTECH

San Diego-based sports activity registration and software provider ACTIVE Network reported two wins today at YMCA centers. ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company''s ACTIVE Net cloud platform. READ MORE>>.

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Cornerstone OnDemand Selects NASDAQ

socalTECH

The firm, which is headed by Adam Miller, also updated its financials, saying it had a net loss of $31.39M on revenues of $32.57M for the nine months ended September 30, 2010. Tags: cornerstone ondemand merger acquisition exit software saas. Cornerstone OnDemand filed for an IPO in September. READ MORE>>.

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Entrepreneurs Should Go For The Quick Buck – Then Stop - Initial Business Models Can Be Enticing But Limiting In The Long Run

InfoChachkie

They knew that price restructuring would significantly impair their gross revenues as well as their net income, which would dramatically impact their stock price. The company artfully repurposed the tools, dashboards and scripts which it delivered to its initial consulting clients and created a SaaS solution. 9 Women And A Baby.

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ResMed To Add To Software Offerings With $750M MatrixCare Acquisition

Xconomy

Medical device maker ResMed has agreed to acquire Minnesota-based MatrixCare, which makes software for long-term care providers, for $750 million. ResMed, which brought in net income of $315.6 San Diego’s ResMed (NYSE: ticker[[RMD]]) announced its intention to buy the privately held tech company on Monday. million on revenues of $2.3

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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Food production is not unlike shipping and other older, non-tech industries, with a lot of transactions couched in legacy processes: GrubMarket has built software that connects up the different segments of the food supply chain in a faster and more efficient way, and then provides the logistics to help it run.