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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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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. According to ELC Technologies, Rahmat takes the helm of ELC. READ MORE>>.

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FastSpring Gets Funding From Pylon

socalTECH

FastSpring , the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. The investment is the first, outside investment in the company since it was founded in 2005.

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Here are More Signs that LA Tech is Moving to the Next Level

Both Sides of the Table

Michael Pfau (Santa Barbara … Reicker Pfau). This was 2005 when I had no exits under my belt, no blogs … nobody was looking. And he’ll be heading the Business & Technology Group. And I’m delighted to see a bold move by Cooley in getting behind Los Angeles as well. He was a mensch.

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Interview with Mark Suster, GRP Partners

socalTECH

GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. The new fund is focused entirely on technology companies. So we're focused on technology, and financial services. That was quite a prominent exit for us.