Berkonomics

JANUARY 12, 2023

Management undertakes a simple exercise of calculating the increased profitability of shutting down all R&D, sales and subordinate operations, and universally notes with shock the high net profit that results – from shutting down all operations except customer service to recurring customers (as in software support operations.).

Sales 296

Sales Custom Customer SaaS 296

socalTECH

JANUARY 7, 2015

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.

Tech Coast Angels 100

Tech Coast Angels Pasadena Angels .Net Angel 100

socalTECH

MARCH 16, 2021

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

Pricing Software Review .Net Advertising 113

socalTECH

APRIL 20, 2020

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).

Artificial Inteligence 113

Artificial Inteligence Layoffs .Net Software Development 113

socalTECH

JANUARY 15, 2021

Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. in net income on $164M in revenues for the year ended December 31, 2019. The company reported $9.9M

Advertising 113

Advertising .Net Equity Software 113

socalTECH

NOVEMBER 5, 2018

San Diego-based ResMed , a developer of software for the healthcare market, has acquired MatrixCare , a developer of long-term post-acute care software. MatrixCare is epxected to have pro forma net revenue of approximately $122M, and pro forma EBITDA of approximately $30M. READ MORE>>.

San Diego 113

San Diego .Net Software Funding 113

socalTECH

JULY 3, 2017

Los Angeles-based YP.com , the provider online directories and services to help businesses get their companies online which has been remade by a number of technology executives into a provider of local business marketing and automation software, has been acquired by competing directory provider Dex Media. READ MORE>>.

Media 208

Media .Net Equity Acquisition 208

TechCrunch LA

MARCH 27, 2021

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.

SaaS 292

SaaS Glendale Statistics Los Angeles 292

socalTECH

JULY 24, 2019

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

Activity Social Media Santa Monica Snapchat 113

Both Sides of the Table

SEPTEMBER 28, 2014

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383

Startup Company Companies .Net 383

socalTECH

FEBRUARY 3, 2021

Invoca--which sent its workers home in March to due to the COVID-19 pandemic--apparently discovered in January that bees had taken up residence in its offices, resulting in a major bee removal operation which netted the company nearly 10 pounds of honey when the bees were removed by a local honeybee relocation firm.

Santa Barbara 113

Santa Barbara Technical Review Software Review High Tech 113

SoCal CTO

OCTOBER 7, 2009

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. But where do the software development companies in Southern California congregate?

Southern California 150

Southern California Software Development Software Develop 150

socalTECH

MARCH 25, 2020

The company says it historically sees approximately $6,500 net revenue per enrolled member. The company's software uses artificial intelligence (AI) to predict, identify, and treat mental issues among health plan members.

Artificial Inteligence 124

Artificial Inteligence Software Review Technical Review Santa Monica 124

socalTECH

DECEMBER 30, 2013

Santa Monica-based Manalto has raised $1M in a seed funding round, for the company''s social media content management software. According to Manalto, the funding came from Europlay Capital Adivsors, Raven Capital, as well as high net worth individuals from Australia. The company splits its operations between Santa Monica and Australia.

Social Media 196

Social Media Content Media Santa Monica 196

socalTECH

JUNE 26, 2015

Los Angeles-based Prevoty , a developer of enterprise security tools, said Thursday that it has rolled out two new products, which plug into apps running on Java and.NET.

Java 100

Java .Net Product Tool 100

socalTECH

OCTOBER 15, 2020

San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board.

Artificial Inteligence 100

Artificial Inteligence Invest San Diego .Net 100

socalTECH

FEBRUARY 12, 2014

San Diego-based ACTIVE Network is expanding its footprint in the parks and recreation management market, reporting this morning that it has signed up the cities of Phoenix, Portland, and Denver as customers of its ACTIVE Net software. Financial impact of the wins were not announced. READ MORE>>.

Activity 147

Activity Networking .Net San Diego 147

socalTECH

JULY 17, 2019

According to GumGum Sports, its analysis found that the stadium wall below the stands--which was unsold, with no sponsor logo present--could have netted a sponsor $1M per match in value, and given a World Cup partner the greatest return on investment of any sponsorship placement. Women's National Team matches.

Artificial Inteligence 133

Artificial Inteligence Santa Monica Screening .Net 133

socalTECH

MAY 10, 2019

Goleta-based whole home speaker manufacturer Sonos said on Thursday that it has launched Google Assistant on Sonos, allowing Google's voice assistant to run on Sonos "smart" speakers through a software upgrade. According to Sonos, it will begin rolling out the feature next week in the U.S., with more markets to come over the next few months.

Google 113

Google .Net Report Software 113

socalTECH

AUGUST 7, 2017

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. READ MORE>>.

Santa Barbara 113

Santa Barbara .Net Software Development Software 113

Berkonomics

OCTOBER 5, 2023

Although young companies rarely measure profitability this repeatedly, more mature companies usually can bring from five to ten percent of revenues to the bottom line in the form of net profit. The financial pain of unplanned delays. We often accept that development schedules for young companies are almost always too optimistic.

Venture Capital 296

Venture Capital Product Marketing Resource 296

socalTECH

JULY 3, 2018

Los Angeles-based financial automation software developer BlackLine has boosted its leadership in the Asia Pacific region, saying on Monday that it has named Terry Smagh as Senior Vice President overseeing its Asia-Pacific (APAC) region. Smagh will be based in Singapore. READ MORE>>.

IBM 100

IBM IBM .Net Software Development 100

socalTECH

AUGUST 13, 2018

Veritone is a developer of artificial intelligence software used to analyze audio, video and other data sources. Wazee Digital had net revenues of over $19M in 2017, according to the companies. Veritone said it paid $15.0M for Wazee Digital, split between $7.5M in cash and $7.5M in Veritone common stock.

Artificial Inteligence 100

Artificial Inteligence .Net Software Capital 100

socalTECH

MAY 22, 2014

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>>.

Activity 138

Activity Networking SaaS San Diego 138

socalTECH

AUGUST 6, 2015

Topping the list at #15 was Elon Musk , who splits his time between Los Angeles and Silicon Valley, with a net worth of $13.9 billion; David Sun and John Tu , the co-founders of Fountain Valley-based Kingston Technology, shared the spot at #41, with a net worth of $4.5 billion in net worth. billion in net worth.

Southern California 100

Southern California .Net Snapchat Los Angeles 100

socalTECH

AUGUST 14, 2014

The company said the funding came from high net worth individuals, including cardiologists, physicians and successful technology entrepreneurs. information data lifescience medical funding cardiac software capital venture healthcare geneva' San Diego-based Geneva Healthcare has raised $1.8M READ MORE>>.

Southern California 164

Southern California San Diego .Net Platform 164

Tech Zulu Event

MARCH 31, 2015

Telecom has announced that it has filed suit against the United States government in response to the recent ruling by the Federal Communications Commission on Net Neutrality. Telecom Association to Sue United States Government Over Net Neutrality appeared first on TechZulu. The suit was filed in the U.S. The post U.S.

.Net 40

.Net Networking Content Services 40

socalTECH

FEBRUARY 23, 2016

San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree , in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015.

San Diego 100

San Diego .Net Software Development Software 100

socalTECH

APRIL 26, 2021

The company reported net income of 86.0M Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for an IPO, saying it is looking to raise as much as $100M in a public offering. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP.

.Net 113

.Net Los Angeles Tool Report 113

socalTECH

MAY 19, 2017

Newport Beach-based Veritone , a developer of artificial intelligence and analyics software, has raised $33.0M in net proceeds related to the IPO. in net proceeds related to the IPO. in is IPO on the NASDAQ. The company, which now trades under the symbol VERI, sold 2,500,000 shares of its common stock at $15.00

Artificial Inteligence 127

Artificial Inteligence .Net Research Capital 127

socalTECH

DECEMBER 9, 2015

Calabasas-based network testing equipment and software developer Ixia is reporting a win with the University of Texas at Austin this morning, saying that its products have been selected to provide end-to-end network visibility in a security effort at the school. FInancial details of the win were not announced.

Calabasas 100

Calabasas .Net Software Development Networking 100

socalTECH

APRIL 20, 2015

billion in net cash for majority ownership of a new company, to be made of those two parts. billion net of cash acquiired to acquire Websense. software security cybersecurity acquisition merger raytheon websense partners equity vista' The two said that Raytheon will invest $1.57 The deal has an enterprise value of $2.3

Equity 100

Equity .Net High Tech San Diego 100

Xconomy

JULY 3, 2019

Join Xconomy and World Frontiers Forum on July 16 for Net@50 , an event exploring the internet’s past and future. ] [ Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century.

.Net 97

.Net Design Writing Software 97

socalTECH

APRIL 26, 2021

The company reported net income of 86.0M Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for a direct listing on the NYSE, saying it is looking to raise as much as $100M in a public offering. on revenues of 418.14M for the year ended December 31, 2020.

.Net 100

.Net Los Angeles Tool Report 100

socalTECH

SEPTEMBER 22, 2015

Irvine-based cybersecurity software developer CrowdStrike announced this morning that it has named Burt Podbere as the company's new Chief Financial Officer, and Lisza Cuevas as its new Vice President of People. Podbere was most recently CFO of OpenDNS (acquired by Cisco), and also was at Net Optics (sold to Ixia) and Epocrates (IPO).

Yahoo 100

Yahoo .Net Google Software Development 100

socalTECH

MAY 8, 2019

The company said net cash provided by its operating activities increased to $116.9M Those quarterly results were up from Q1 of 2018, when the company had revenues of $280.6M. for Q1, and the company now has approximately $320M in cash on hand.

Southern California 140

Southern California .Net Los Angeles Activity 140

socalTECH

SEPTEMBER 29, 2010

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. on revenues of $29.3M

Cornerstone OnDemand 208

Cornerstone OnDemand Southern California Santa Monica SaaS 208