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Kofax Buys Business Intelligence Software Developer Altosoft

socalTECH

Irvine-based document capture software firm Kofax announced this morning that it has acquired business intelligence and analytics software developer Altosoft. According to Kofax, Altosoft had unaudited, 2012 revenues of $3.4M. Altosoft becomes a wholly owned subsidiary of the company. Kofax said it paid $13.5M

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DreamHammer Launches Drone, Robot Control Software

socalTECH

In the second piece of aerial drone news to come out of Southern California today, Santa Monica-based software developer DreamHammer said it has launched a beta of its drone control software, aimed at controlling unmanned drones and robotics from multiple, different manufacturers in a single system. READ MORE>>.

Software 187
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Custom Software

SoCal Tech Calendar

Wednesday, May 16, 2012 -- Custom Software. Today, companies need every edge they can get to strive in our current competitive marketplace. For many companies, custom software provides the edge they need. Unique to your company. Custom developed software can provide all that and more.

Customer 100
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Stamps.com Names ShippingEasy CEO To Board

socalTECH

El Segundo-based online postage and shipping software developer Stamps.com says it has named Katie May, the CEO of e-commerce software company ShippingEasy.com , to its board of directors. Before her startup career, May served at Arthur Anderson, Philip Morris and Booz & Company. READ MORE>>.

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Cylance Acquired By BlackBerry For $1.4 Billion

socalTECH

Irvine-based cybersecurity software developer Cylance has been acquired by BlackBerry , in a deal worth $1.4 Cylance, develops artificial intelligence-based cybersecurity software, which detects and reacts to cybersecurity threats. billion in cash, BlackBerry announced this morning.

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Central Desktop: We're Profitable, Growing

socalTECH

Pasadena-based cloud-based collaboration and project management software developer Central Desktop says that it is profitable and growing, with a 70 percent year-over-year growth in its SocialBridge collaboration and work management software. 500|5000 list of fastest growing private companies. and 73 employees.

SoCalTech 153
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DivShot Acquired By Google

socalTECH

Los Angeles-based Divshot , which had offered up hosting of static web pages for web developers, has been acquired by Google , and will join Gogole's Firebase software development team. The company was one of the companies in the Launchpad LA accelerator program in 2012. READ MORE>>.

Google 100