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Pitching access management on the fly, Los Angeles-based Britive raises $5.4 million

TechCrunch LA

LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M. Both Poghosyan and Gudanis have long histories in identity and access management, back in 2009 Poghosyan founded Advancive Technology Solutions, which was acquired by Optiv in 2015 to bulk up its identity access management service.

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Central Desktop Sees Growth, Boosts Hires In 2009

socalTECH

Pasadena-based software-as-a-service developer Central Desktop reported today that the firm had 44 percent, year-over-year growth, and boosted its staff by 50 percent in 2009, as a result of demand for the firm's online project collaboration tools. The firm said its customers now include such companies as Netflix, U.S. READ MORE>>.

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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t.

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Mindbody Confirms $14M For Health and Wellness Software

socalTECH

The firm said it reached nearly $10M in revenues in 2009, and has over 9,300 customers in 62 countries. Tags: mindbody software saas venture capital. The firm is headed by Rick Stollmeyer, and has also received backing from the Pasadena Angels, Tech Coast Angels, and Frontera Capital. READ MORE>>.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? In 2009 we could take a long time to review a deal. Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high). By 2021 we had to write a $3.5m

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Central Desktop Sees Growth, Targets 50 Employees By Year End

socalTECH

The firm says that it's been seeing lots of customer and sales growth, and is hiring across the board to grow faster. The firm had only 18 employees in January of 2009. Tags: hiring jobs employment management project saas desktop central. Central Desktop is venture backed by OpenView Venture Partners. READ MORE>>.

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YAPI Finds Funding For Dental Software

socalTECH

According to YAPI, it will use the new funding to build out its account management, customer success, and R&D teams, plus bolster existing sales and marketing. YAPI is led by co-founder and CEO Dr. Gina Dorfman; the company was founded in 2009. Financial details of that investment were not announced. READ MORE>>.