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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.

Software 130
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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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Brain To Roll Out Autonomous Robots At Walmart

socalTECH

San Diego-based robotics and artificial intelligence software developer Brain Corp. said on Monday that Walmart Stores will be rolling out a fleet of robots, powered by its software, starting in early 2019. Brain said Walmart expects to have 360 of the automated machines running its its store by the end of January, 2019.

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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>>.

Activity 113
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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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DivX Sues Netflix, Hulu Over Patents

socalTECH

DivX , the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu , accusing the firms of usings its video streaming intellectual property. Netflix (court case number 2:2019-cv-01602) and DIVX, LLC et al (court case number 2:2019-cv-01606).

Netflix 113
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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.