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Amazon’s Selz Acquisition is Encouraging News for Small Businesses

Tech.Co

Many have seen the acquisition as an attempt to fight back against Shopify's rampant growth during the coronavirus pandemic. The Amazon/Selz Acquisition. ” However, the platform shuttered in 2015, just five years after its launch. Shopify has even partnered with TikTok to facilitate in-app sales for small businesses.

News 137
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Skyview Capital Sells Off Syncplicity

socalTECH

Los Angeles-based private equity investor Skyview Capital has sold off portfolio company Syncplicity , a developer of enterprise file sharing and synchronization software, to Axway. Financial details of the sale were not announced. Skyview Capital had acquired Syncplicity from EMC back in July of 2015.

Capital 113
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mophie Acquired By ZAGG For $100M

socalTECH

Tustin-based mophie , the developer of cell phone cases and other mobile accessories, is being acquired by fellow mobile case maker ZAGG , the two said late Tuesday. According to ZAGG, it will pay $100M, plus earn out, for mophie, creating a new mobile accessory company with 2015 net sales of approximately $470M. READ MORE>>.

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MarketShare Partners Acquired For $450M

socalTECH

Los Angeles-based MarketShare Partners , the marketing analytics technology developer led by Wes Nichols and Jon Vein, has been acquired by Neustar , in a deal worth $450M. According to Neustar, Marketshare generated $57M in revenues for the twelve months ended September 30, 2015. READ MORE>>.

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CerraCap Gets Exit At Swych

socalTECH

Costa Mesa-based venture capital investor CerraCap Ventures says it has seen an exit out of its investment portfolio, saying that the sale of digital gifting and exchange company Swych resulted in a 4.3X Swytch was a developer of digital gift card and mobile gifting apps, and was acquired about four weeks ago by a company called Finablr.

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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Pernix Therapeutics is slashing its headcount by more than 20 percent as the specialty pharmaceutical company tries to move toward profitability after a streak of acquisitions. Morristown, NJ-based Pernix (NASDAQ: PTX ) will cut 60 workers , mostly from its neurology sales staff, the company said today.

Sales 40
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ResMed Acquires Brightree For $800M

socalTECH

San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree , in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015.

San Diego 100