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based company, San Vicente Acquisition Partners. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based That ownership was later scrutinized by a U.S.
Irvine-based Vizio and Chinese electronics giant LeEco have called off the $2 billion acquisition of Vizio by LeEco, citing "regulatory headwinds". The two had reached an agreement in July of 2016 for LeEco to buy Vizio, a move which would have made Vizio founder William Wang a billionaire. READ MORE>>.
Irvine-based Oculus VR said this morning that it has set the shipping date for the Oculus Rift virtual reality systems, in Q1 of 2016. According to Oculus, it will begin taking pre-orders later this year. READ MORE>>.
All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. But before you think of moving out of SoCal, our 19th deal also closed in 2016, and this was a growth equity investment in Brentwood based Docupace Technologies. READ MORE>>.
This holiday season, we are sharing the reflections on 2016 from Southern California's technology community. You'll be able to see all the many 2016 reflections here as they are posted, up through the end of the year. Josh Yguado: 2016 was a big year for us. What's was biggest news from you or your firm this year?
Santa Monica-based Activision said this morning that it has completed its acquisition of King Digital Entertainment. Activision said it expects to boost its revenues in 2016 to $6.25 The deal was worth $5.9 billion, and was first announced in November. Activision paid $18.00 per share in cash for King.
Financial details of the acquisition were not announced. The acquisition is the second acquisition for A&E Medical. Vance Street Capital acquired A&E Medical in February of 2016. Vance Street said it was advised by Paul Hastings LLP in the deal, with RTi being advised by Stephens Inc.
This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Richard Wolpert: For HelloTech it was the acquisition of Geekatoo which converted our business from covering So Cal to full nationwide coverage which lead to deals with Ring, Luma, and AARP.
Carslbad-based a href="[link] , the developer of radio frequency and mixed signal integrated ircuits, reported late Tuesday that it has completed its acquisition of Physpeed Co., maxlinear physpeed merger acquisition radio frequency mixed signal interconnect semiconductor hadware' which develops high speed physical layer interconnects.
Passage AI was founded in 2016 and had received funding from Blumberg Capital, Storm Ventures, Engineering Capital, 11.2 ServiceNow said it expects to complete the acquisition by the end of Q1. Capital, Milliways Ventures, and Array Ventures, among others. READ MORE>>.
Financial details of the acquisition were not announced. PCM said it made the acquisition through its UK-based subsidiary, PCM Technology Solutions UK, Ltd. Provista UK was founded in 2016, and offers up products from such vendors as Cisco, Avaya, Cisco Meraki, Huawei, and Checkpoint. and its subsidiary, Provista UK Ltd.
Cozzens was most recently CEO of Telogis, which he led from startup to acquisition by Verizon in August of 2016. According to Digital Map Products, it has appointed Dave Cozzens to its board, to help guide the company around strategic growth and positioning. READ MORE>>.
Fastly said that the acquisition of Signal Sciences’ business will boost its ability to provide better security for applications and APIs — the connective fabric between different services that knit different technologies together behind the scenes. The image has been taken from a helicopter flying over LA.
LogMeIn --which has significant operations in Santa Barbara, due to its acquisition of the Citrix GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, and other businesses in 2016--has acquired Jive Communications , a developer of cloud-based phone systems for the Unified Communications (UC) market.
Axiom Materials said it will continue to operate under its existing trade name and business partnerships after the acquisition. Axiom Materials was backed by private equity investor Sorenson Capital, and was founded in 2016 in a recapitalization deal with Sorenson. READ MORE>>.
The acquisition is part of the pending acquisition of Alere by Abbott. Quidel said the total actual and estaimated revenues for the acquired business in 2016 were $197M. San Diego-based diagnostic testing systems developer Quidel announced this morning that it is acquiring a number of assets from Alere Inc. READ MORE>>.
from 2016, when it had $874.3M j2 Global--which is still not well known beyond insiders in LA's tech community--has grown through an insatiable appetite for acquisitions, which the company has successfully assimilated into a cohesive set of online businesses. According to the company, it had 2017 revenues of $1,117.8 in revenues.
According to a regulatory filing by Bitvore, the funding comes as part of an round which kicked off in December of 2016, and so far includes 36 investors. The company's CEO, Jeff Drake, was a founder at Access360 (acquired by IBM), and also served at IBM, Akana, and ServiceMesh.
Poway-based Cohu , which manufactures semiconductor test and inspection equipment, said today that it has completed its acquisition of Japanese company Kita Manufacturing Co. Cohu said Kita had 2016 sales of approximately $17M. The deal was worth $15M in cash, with up to $3M in earn out. READ MORE>>.
GRAIL was spun out of Illumina in 2016 as a standalone company. Illumina and GRAIL said the acquisition is split between $3.5 Illumina said the buy will help it add a multi-disciplinary team and capabilities for next generation sequencing (NGS), population scale clinical studies, and machine learning. billion in cash and $4.5
Los Angeles-based Centerfield, a marketing and customer acquisition company backed by private equity investor Platinum Equity, says it has acquired both Business.com and Savings.com. Financial details of the acquisition were not announced. The acquisition of Business.com is just the latest saga in the business and domain name; the.
Financial details of the acquisition were not announced. According to the companies, PSG will retain a minority ownership stake in LogicMonitor after the majority acquisition. PSG acquired its stake in LogicMonitorin 2016. LogicMonitor is led by CEO Kevin McGibben.
Lancaster, California-based Simulations Plus , which develops simulation and modeling software, said Thursday that it has completed its acquisition of North Carolina-based DILIsym Services. Simulations Plus said DILIsym had revenues of just over $3M in 2016. DILIsym develops software for the simulation of drug-induced liver injury.
Financial terms of the deal were not announced, hwoever, Alorica said the acquisition will push the company to a projected $2.4 billion in 2016 revenues, with 48,000 employees in the U.S., Irvine-based business outsourcing provider Alorica said Thursday that it has acquired Expert Global Solutions, Inc. , EGS was based in Plano, Texas.
Mehrotra had joined the board of Western Digital in May of 2016, as part of the acquisition of San Disk by Western Digital. The co-founder and former CEO of SanDisk, Sanjay Mehrotra, has stepped down from the board of Irvine-based Western Digital , WD said Thursday afternoon.
billion acquisition of Brocade. Broadcom has been working through regulatory approval for its acquisition, which was announced in November of 2016. Extreme said the transaction is contingent on the closing of the acquisition of Brocade Communications Systems by Broadcom. READ MORE>>.
Financial details of the acquisition were not announced. RealD said the acquisition came as a result of "key legal victories" where RealD asserted its patents against MasterImage. RealD won a big patent lawsuit against MasterImage 3D in July of 2016. READ MORE>>.
in 2016, and that it expects the acquisition to be accretive to the firm within 2017. Airgain said it is paying approximately $6.4 million in cash for Antenna Plus, which was in bankruptcy proceedings. Airgain said Antenna Plus had unaudited revenues of $7.5M
The acquisition of the brand is not the first for Napster, which was acquired by RealNetworks/Rhapsody Networks in 2011; Rhapsody Networks renamed itself to Napster in 2016.
DTS was acquired by Tessera in 2016 and Tessera subsequently changed its name to Xperi in February of 2017, after its acquisition of DTS, FotoNation, Invensas, and Tessera. Financial details of the licensing deal were not announced. READ MORE>>.
Financial details of the acquisition were not announced. Future Media said the acquisition is its first foray into consumer sales. Oak & Jackal was originally launched and funded through an effort on Kickstarter , in June of 2016. The company also offers eyewear and wallets.
According to City of Hope, only "limited access" to those accounts occurred after the incident, and that it does not believe there was "any actual acquisition of patient medical information."
Wednesday, December 14, 2016 -- Startups: The Year That Was and The Year That's Ahead. What were the big exits this year along the Central Coast (IPOs, acquisitions)? What gained the attention of investors in 2016, and what technologies and companies might be hot for next year? Keynote Speaker: Ben Kuo, socaltech.com.
That formula worked well for Dollar Shave Club, which rode the buzz generated by its company launch video to an acquisition worth somewhere around $1 billion by Unilever in 2016. The brand is looking to gain market share through its clever, anti-establishment marketing. READ MORE>>.
Accruent said the acquisition is its seventh in the past 24 months. Accruent was founded in Los Angeles a little over 22 years ago, but was acquired and moved to Texas in 2016. Financial terms of the buy were not announced. READ MORE>>.
Los Angeles-based Internet services and online publishing giant j2 Global says it has acquired four more companies, all completed in the third quarter of 2016. Financial details of those acquisitions were not announced. Financial details of those acquisitions were not announced.
2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc., Last year saw the city reap windfall exits from the acquisition of companies like Dollar Shave Club, and has a number of promising e-commerce companies… Read More.
In addition to th e acquisition, The Mobile Majority also said it has expanded to three new cities, including Columbus, Ohio; Detroit; and Chicago, and now has 44 employees, with plans to double that by mid 2016. themobilemajority mobile majority growth jobs hiring advertising technology merger acquisition brazil elastic expansion'
Tessera Technologies said the acquisition will boost its 2016 pro forma revenues to approximately $450M, and bring its total number of engineers to over 450. According to the two companies, Tessera will acquire DTS by paying $42.50 per share in cash, which is a 28 percent premium to the 30-day volume weighted average price of DTS.
Financial details of the acquisition were not disclosed. Bourns said it acquired specific assets of that business, with transfer of those assets to begin in early 2016. Riverside, California-based electronics components manufacturer Bourns has acquired the trimmming potentiometer business of Murata Manufacturing Co.,
Since the launch of Pokémon Go in 2016, players have been coordinating meetups, in-game raids and battles on platforms like Reddit and Discord. With the help of Niantic’s recent 8th Wall acquisition , these features will also be available in mobile web browsers.
Leddy has been on its board since January of 2013, and was founder and CEO of Verizon Telematics, and also previously served at SkyTerra Communications, and as a director at Hughes Network Systems.
The IPO follows one of the most active IPO and mergers and acquisitions years for Southern California last year, in 2016, and comes ahead of an anticipated IPO announcement for Venice-based Snap, Inc. as early as Thursday. READ MORE>>.
j2 Global said it acquired Fonebox , Everyday Health , CudaMail , Unified eMail , Abaxio , and GreenFax , all during Q4 of 2016. The terms of the remainder of the acquisition were not announced by the company. j2 Global and Everyday Health had announced in September that j2 Global would pay $10.50
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