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Tech Coast Angels See 42x Return At MindBody

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The Tech Coast Angels , Southern California's biggest angel investment group, said Tuesday that it has seen a successful exit in MindBody , the developer of cloud-based business management software for the wellness industry. TCA said its members first invested in MindBody in 2005, and saw a 42x return at IPO on their investment.

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TeleSign Names Co-Founder To CEO Post

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Los Angeles-based TeleSign , which develops customer identification products, including two factor authentication and other related products, has named co-founder Ryan Disraeli as its CEO, the company said on Thursday. Disraeli co-founded TeleSign with Stacy Stubblefield and Darren Berkovitz in 2005.

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Mighty Oak Entertainment Gets Investment

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Los Angeles- and Atlanta-based Mighty Oak Entertainment , which produces sports clips for traditional, digital, and streaming, has received an investment from former MGM Television President John Bryan and entrepreneur and KDOCTV (Los Angeles) owner Bert Ellis, Jr., before leaving in 2005 to found Might Oak Entertainment.

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Verifi Acquired By Visa

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Los Angeles-based Verifi , a developer of financial software tools used to reduce chargebacks for merchants, has been acquired by Visa , in order to boost Visa's tools for reducing chargebacks. Verifi had been led by CEO Matthew Katz, and was founded in 2005. Financial details of the acquisition were not announced. READ MORE>>.

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FastSpring Acquired By Accel-KKR

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FastSpring was founded in 2005, and is led by CEO Chris Lueck. FastSpring had been backed by Los Angeles-based investment firm Pylon Capital, and counts such customers as Adobe and Microsoft. Financial details of the acquisition were not announced. FastSpring was advised by Raymond James in the deal. READ MORE>>.

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Visa Completes Verifi Acquisition

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Payment giant Visa announced this morning that it has completed its acquisition of Los Angeles-based Verifi , which develops software and technology to reduce chargebacks for vendors who take credit cards. Verifi had been led by CEO Matthew Katz, and was founded in 2005. Visa said Verifi already serves more than 25,000 accounts.

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EcoSense Lighting Buys Journee Lighting

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Los Angeles-based LED lighting manufacturer EcoSense Lighting has acquired fellow LED lighting developer Journee , according to EcoSense. Journee was founded by Clayton Alexander in 2005. Financial terms of the acquisition were not announced. Journee Lighting, which was based in Westlake Village, developed downlight and track lighting.