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FastSpring Acquired By Accel-KKR

socalTECH

Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. According to FastSpring, Accel-KKR has made a majority equity investment in the firm, to provide capital and resources for its technology and go-to-market initiatives.

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Reflections on 2016: Rob Freelen, Silicon Valley Bank

socalTECH

Silicon Valley Bank is big supporter and has been a sponsor of socaltech for many, many years. Traditional venture capitalists will focus on leading larger rounds of equity in fewer companies. Since joining SVB in 2005, Rob has led debt transactions for more than 100 public and private companies. Rob Freelen: Focus.

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Shopzilla Sold To Symphony Technology Group

socalTECH

Los Angeles-based Shopzilla , the online comparison shopping site owned by Scripps Networks Interactive , has been sold to private equity firm Symphony Technology Group. Scripps bought Shopzilla in 2005 for $525M. The firms said that Symphony Technology Group would continue and accelerate the growth of Shopzilla. READ MORE>>.

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Xirrus Acquired By Riverbed

socalTECH

The acquisition comes just over 12 years after Xirrus was founded by Dirk Gates in 2005.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

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Move Redeems Stock For Elevation

socalTECH

Elevation Partners took its initial stake in Move Networks in November of 2005. The redemption comes as part of a proposed, one-for-four reverse stock split for the company and a $25M stock repurchase program. READ MORE>>.

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Interview with Jerry Fitch, Teridian Semiconductor

socalTECH

We had a chance to speak with Jerry Fitch , CEO of the firm, about the interest in the electric/smart metering market, his views on where the market is today, as well as a bit about the experience of operating as a private equity backed firm. Jerry Fitch: The business management team at Golden Gate Capital bought Teridian in 2005.

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