article thumbnail

Chatmeter Finds Private Equity Funding

socalTECH

San Diego-based Chatmeter , a provider of local search marketing and reputation management services for multi-location businesses, has raised a round of investment from private equity investor Providence Strategic Growth (PSG). Providence Strategic Growth is the growth equity fund of Providence Equity Partners.

Equity 133
article thumbnail

Platinum Equity Sells Portfolio Firm Canvas Systems

socalTECH

Los Angeles-based private equity firm Platinum Equity has sold one of its portfolio companies, Canvas Systems , a supplier of refurbished IT hardware and services. Platinum Equity had acquired Canvas Systems in April of 2009. Canvas Systems was sold to electronics distributor Avnet. READ MORE>>.

Equity 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CoreLogic Sells Unit to Private Equity Firm

socalTECH

Santa Ana-based CoreLogic , a provider of consumer, financial and property information, analytics and services to the real estate, mortgage, and other markets, said this morning that it has soled its Employer Services and Litigation Support business to private equity firm Symphony Technology Group (STG). READ MORE>>.

Equity 157
article thumbnail

Platinum Equity Merges Two Portfolio Firms

socalTECH

Los Angeles-based private equity firm Platinum Equity said Tuesday that it is merging two of its portfolio firms, Pomeroy IT Solutions Inc. Platinum acquired Pomeroy in November of 2009, and acquired OAO Technology Solutions in January of 2010. Pomeroy and OAO Technology Solutions both provide managed IT and related services.

Equity 145
article thumbnail

Service-now.com Reports Yearly Revenues

socalTECH

Privately held, San Diego firm Service-now.com , a developer of IT service automation software-as-a-service, has released its yearly financial results, in an unusual move. The firm said today that it closed its fiscal year on June 30, 2009, with more than $28M in recurring revenue, and 280 customers. READ MORE>>.

Services 100
article thumbnail

What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

There’s a line of thinking in Silicon Valley that you should build product businesses rather than services businesses. It’s nearly impossible to get a services company financed by VCs. Why Shouldn’t Most Services Businesses Raise VC? You’re a small fish. That is $12 million in profits over 3 years.

Services 332
article thumbnail

The Search Agency Highlights Growth In Revenues, Jobs

socalTECH

Santa Monica-based The Search Agency joins a number of privately held, Southern California firms this week reporting strong growth in 2009. The firm said the growth came as a result of increasing demand for the firm's online marketing services. The Search Agency is backed by private equity firm JMI Equity. READ MORE>>.