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Performio Sees Growth After HQ Move To Irvine

socalTECH

Irvine-based software developer Performio, which develops incentive compensation management software, says it saw 110 percent growth in North America for its FY2020, after relocating its headquarters to Irvine in 2019.

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Software Firm X1 Making Big Moves

L.A. Business Journal

Pasadena-based software developer X1 Discovery Inc. is closing out 2019 with a series of big changes.

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Snap Sees Daily Active Users Increase In Q2

socalTECH

The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Snap's revenues grew to $388M in Q2 of 2019, with a net loss of $255M for the quarter. Santa Monica-based Snap Inc. , READ MORE>>.

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Rubicon Project, Telaria Move Forward On Merger Plans

socalTECH

Los Angeles-based advertising exchange operator Rubicon Project and advertising software developer Telaria said on Thursday afternoon that the two have filed joint proxy statement and proxies, for their previously announced stock-for-stock merger. Rubicon Project said it now expects to have 2019 revenues of approximately $156M.

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Procore Set For $592M IPO This Week

socalTECH

Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. Procore has been eyeing an IPO since 2019.

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Emotive Names President, COO

socalTECH

Los Angeles-based conversational text messaging software developer Emotive--which is backed by CRV and others--said this week that it has named Matt Cooley as the company's President and COO. According to Emotive, Cooley was the first major investor in Emotive in 2019.

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COVID-19 Shifts Business Expenses, Says Report

socalTECH

A new analysis, by Los Angeles-based expense management software developer Emburse , shows that reimbursed employee expenses have shifted significantly in the wake of the COVID-19 pandemic. Acording to the report, spending on food delivery services grew by 110% annually, with DoorDash representing 36% of expenses submitted, with 25.1%

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