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Ixia Acquires Net Optics

socalTECH

Calabasas-based network testing equipment and software developer Ixia announced Tuesday that it is acquiring Net Optics , a developer of network and application analysis products. Ixia said it will pay $190M in cash for Net Optics. ixia optics merger acquisition network testing equipment software'

.Net 138
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Software Development Companies in Southern California

SoCal CTO

This is a private group of CTOs who are responsible for software development within their companies. They are generally the senior most person responsible for custom software development, database design, database administration, web development, etc. Yes, there are some events around particular technologies.

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Veritone Picks Up $6.5M In PPP Loans

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).

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Magnite Prices $350M Offering

socalTECH

Los Angeles-based Magnite, the sell-side advertising software developer which was previously known as Rubicon Project, says it has priced an offering of $350M in convertible senior notes. The company said the convertible note offering was made to qualified institutional buyers. The notes are due in 2026.

Pricing 113
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Snap Sees Daily Active Users Increase In Q2

socalTECH

The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Snap's revenues grew to $388M in Q2 of 2019, with a net loss of $255M for the quarter. Santa Monica-based Snap Inc. , READ MORE>>.

Activity 113
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Factual Releases C#/.NET Driver

socalTECH

Los Angeles-based Factual , the startup headed by Gil Elbaz, which is developing a massive cloud-based database of location and other data used by mobile and web apps, has further expanded its software language support. Factual said the driver can be installed into Visual Studio on Windows.

.Net 140
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AppFolio Swizzles CEO

socalTECH

Santa Barbara-based software developer AppFolio announced on Monday afternoon that it has named Jason Randall as the company's new President and Chief Executive Officer, as well as new member of the company's board. AppFolio is a developer of software for the property management industry, legal industry, and elsewhere.