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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. Kofax said it paid $13.5M in cash for Altosoft, which was headquartered in Media, Pennsylvania.

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The Mobile Software Development SIG presents: Making Friends, Making Money

SoCal Tech Calendar

Thursday, August 16, 2012 -- CommNexus. The Mobile Software Development SIG presents: Making Friends, Making Money. See [link] (more)

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The Emerging Wireless and Mobile Software Development SIG: Near Field Communications

SoCal Tech Calendar

Thursday, July 19, 2012 -- The Emerging Wireless and Mobile Software Development SIG: Near Field Communications. It has been in development and slow deployment for a decade. Near Field Communications is a short range (less than 4cm) technology that enables secure, simple, low bit rate connectivity.

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Inktank Acquired For $175M By Red Hat

socalTECH

Los Angeles-based open source storage software developer Inktank , which is behind the Ceph distributed storage system, has been acquired by Red Hat , in a deal worth $175M in cash. Inktank had been founded in 2012, and is an offspring of local web hosting provider Dreamhost. READ MORE>>.

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RingRevenue Gets $3.25M For Call Marketing Automation

socalTECH

RingCon said the new funding will go towards aggressively expanding sales, marketing, and software development. RingRevenue said that in 2012, advertisers have generated more than $200M worth of sales using its technology. The round was led by GRP Partners and Rincon Venture Partners. RingRevenue is headed by Jason Spievak.

Marketing 174
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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.

Software 187
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Vinny Smith's Toba Capital Backs WSO2

socalTECH

Irvine-based Toba Capital , the venture investment firm founded by Quest Software founder Vinny Smith, has made an investment in open source application development software developer WSO2. Toba had also made an investment in WSO2 back in 2012. READ MORE>>.

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