socalTECH

NOVEMBER 22, 2021

The publicly listed company hit the public markets in late 2020 via a special purpose acquisition company (SPAC). Electric vehicle maker Canoo--which is still very early in producing its own version of an electric car--said late last week that it is moving its headquarters and manufacturing to Bentonville, Arkansas.

High Tech 113

High Tech Acquisition Marketing Company 113

socalTECH

JANUARY 6, 2021

According to J2 Global, it completed four acquisition in Q4 of 2020, including RetailMeNot, Inspired eLearning, The Aberdeen Group, LLC, and Logiva A/G. Financial details of the acquisitions were not announced, however, J2GLobal had said in September that it would pay approximately $420M for RetailMeNot.

Company 113

Company Companies Acquisition Los Angeles 113

socalTECH

AUGUST 19, 2021

The company said the results are a 477 percent increase from the same period in 2020, when it only had revenues of $10.4M. Bird appears to be benefiting from the surge in the economy as pandemic restrictions have loosened, especially compared to Q2 of 2020, when most of the world was locking down due to the spreading COVID-19 pandemic.

Los Angeles 113

Los Angeles Acquisition Report Marketing 113

socalTECH

JULY 2, 2020

Los Angeles-based, low-cost e-commerce products site Hollar is no more, and will be swallowed up by new owner Five Below , six months after the acquisition of Hollar by Five Below. Five Below--which runs a chain of "dollar store" style retail stores--acquired select assets of Hollar back in January of 2020.

Sites 203

Sites Commerce Los Angeles Email 203

socalTECH

DECEMBER 17, 2020

Financial details of the deal were not announced, and QAD said that the acquisition will "not have an immediate, material impact" on its financial results. The deal is expected to close by the end of 2020.

Networking 113

Networking Santa Barbara Company Companies 113

socalTECH

JUNE 30, 2021

The company said those news funds will go to "normalize CBD" in health and wellness products, via scaling, strategic partners, and acquisitions. The company did not say how much of the new investment was actual cash it did say it raised $15M in its Series A in 2020.

News 113

News Acquisition Media Funding 113

socalTECH

MAY 12, 2020

According to J2 Global, its Q1 2020 quarterly revenues increased 10.8% The company--which is an avid acquirer of companies--said it deployed $19M for acquisitions in the quarter, and $36M in contingent payments from acquisitions from previous years. for its first quarter, to $332.4M.

Acquisition 113

Acquisition Los Angeles Report Invest 113

socalTECH

OCTOBER 29, 2020

According to LiveXLive, it signed a binding Letter of Intent to acquire CPS in an all stock deal, which is expected to close by December 31st, 2020. LiveXLive explained the acquisition will allow it to create and distribute unique and limited edition personalized clothing, jewelry, toys as well as virtual goods.

Commerce 113

Commerce Company Companies Demand 113

socalTECH

MAY 13, 2021

billion special purpose acquisition (SPAC) transaction, as the company starts to see a recovery from the COVID-19 pandemic. The company reported $95M in revenues in 2020, versus $151M in 2019, when the pandemic. Santa Monica-based Bird is looking to go public via a $2.3

Santa Monica 113

Santa Monica Acquisition Report Company 113

socalTECH

MAY 10, 2021

has run afoul of warrant accounting issues related to the special purpose acquisition company (SPAC) transaction it was involved in, and will restate its 10-K for the year ended December 31, 2020. Los Angeles-based electric car company Fisker Inc. According to Fisker Inc.,

Acquisition 113

Acquisition Los Angeles Angel Company 113

socalTECH

OCTOBER 28, 2020

Financial terms of the acquisition were not announced. Emjay was founded in 2019, with Vaughn and Leeb taking over operations of the company in January of 2020. (PCH) announced on Wednesday that it has acquired both alcohol delivery and logistics platform Saucey , as well as cannabis delivery and retail software developer Emjay.

San Diego 113

San Diego Los Angeles Acquisition Software Development 113

socalTECH

MARCH 21, 2019

Spark said it will pay $255M in a combination of cash and stock for Zoosk, split between $150M in stock (in American Depository Shares) and $95M in cash at closing, plus $10M in a deferred cash payment in December of 2020. Spark said it will more than double in size as a result of the acquisition. READ MORE>>.

Networking 113

Networking West Los Angeles Sites Los Angeles 113

TechCrunch LA

APRIL 9, 2020

From lockdown in her Northern Italy home, Cevolini shared perspective on the future of motorcycling, acquisition offers and plans to recharge her company when the COVID-19 crisis subsides. general manager ( Stefano Benatti ) — filled more orders in the first two months of 2020 than all its sales for 2019, according to Cevolini.

Technical Review 277

Technical Review Competition Demand Sales 277

socalTECH

JANUARY 20, 2020

Huntington Beach-based Rocket Lab said on Monday that its next launch, the first for 2020, will be the for U.S. National Reconnaissance Office (NRO). According to Rocket Lab, the mission, named "Birds of a Feather", will occur on January 31st, from Rocket Lab's New Zealand launch site.

Design 113

Design Acquisition Sites Company 113

Xconomy

NOVEMBER 22, 2019

Bristol-Myers Squibb this week completed its acquisition of Celgene, a $74 billion deal that creates a pharmaceutical juggernaut. And all it took was the largest asset sale ever required by federal antitrust regulators.

Acquisition 69

Acquisition Sales San Diego Company 69

TechCrunch LA

JUNE 10, 2021

In all of 2020, it processed $53 billion in volume. Meanwhile, in 2020, Klara hit over a billion in revenue. Other things the company plans to do with its new capital is focus on acquisitions, particularly acqui-hires, according to Siemiatkowski. The company’s momentum can be seen in its impressive financial results.

Los Angeles 266

Los Angeles Funding CIO Marketing 266

socalTECH

JULY 14, 2021

Openpath most recently raised $36M in a big funding back in July of 2020. Kazerani and co-founder James Segil are repeat entrepreneurs, having previously founded Edgecast, which they sold to Verizon for approximately $400M.

Los Angeles 113

Los Angeles Entrepreneur Funding Startup 113

Xconomy

AUGUST 21, 2020

While business is historically slow in August, this month seems to be bucking the trend, just like so many other unexpected developments in 2020. Perhaps life sciences executives have been less distracted by summer excursions this year in a world in which the COVID-19 pandemic has significantly curtailed travel.

Acquisition 76

Acquisition Develop Development San Diego 76

TechCrunch LA

JANUARY 16, 2019

“In a global mobile games market that is consolidating, Jam City could not be more proud to be working with JPMorgan, Bank of America Merrill Lynch, Silicon Valley Bank, SunTrust Bank and CIT Group to strategically support the financing of our acquisition and growth plans,” said Chris DeWolfe, co-founder and CEO of Jam City.

Mobile 251

Mobile Capital Los Angeles Acquisition 251

socalTECH

APRIL 26, 2021

on revenues of 418.14M for the year ended December 31, 2020. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP. The company reported net income of 86.0M The company's biggest investors are Institutional Venture Partners (IVP) and Wellington.

.Net 113

.Net Los Angeles Tool Report 113

socalTECH

MAY 14, 2019

The Chinese owner of Los Angeles-based gay dating app Grindr must sell Grindr by June of 2020, after reaching an agreement with the Committee on Foreign Investment in the U.S. Beijing Kunlun Tech Co. ,

Los Angeles 113

Los Angeles Invest Angel Company 113

socalTECH

AUGUST 12, 2021

Symphony acquired RSA in 2020, along with the Ontario Teachers' Pension Plan Board. Financial details of the investment were not announced. According to Clearlake Capital, the investment makes it an equal partner with prior investor Symphony Technology Group. RSA had previously been owned by Dell Technologies.

Capital 113

Capital Santa Monica Equity Invest 113

socalTECH

MARCH 15, 2021

Longboard Pharmaceuticals was spun out of Arena Pharmaceuticals in January of 2020, focused on advancing a portfolio of centrally acting product candidates designed to be highly selective for specific G protein-coupled receptors (GPCRs). The company is now trading on the Nasdaq Global Market as LBPH.

San Diego 113

San Diego Design Pricing Marketing 113

socalTECH

FEBRUARY 11, 2021

billion of loans originated for the twelve months ended September 30, 2020. The company claims it is now the second largest retail-focused non-bank mortgage originator and the fifth largest overall retail originator, with $79.4 LoanDepot was private equity backed by Parthenon Capital Partners.

Equity 113

Equity Pricing Platform Capital 113

socalTECH

JANUARY 2, 2020

While it was a good year for our merger and acquisition practice in the SaaS and fintech space, our most exciting news is in our merchant banking sector where we invest in and advise growth companies often for several years. However, there was a prolonged clash of egos that delayed implementation and added costs.

Capital 100

Capital SoCal Southern California SaaS 100

socalTECH

JANUARY 4, 2021

Netwrix was acquired by private equity investor TA Associates in October of 2020. The companies said Steve Cochran, founder and chairman of Stealthbits, will be an investor in Netwrix and will serve on its Board of Directors.

Equity 113

Equity Software Customer Custom 113

socalTECH

MARCH 3, 2021

Proore reported a loss of $97M on revenues of $400.291M in 2020. Morgan, Barclays, Jefferies, Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co., Piper Sandler, Stifel, and William Blair. The company is backed by ICONIQ Strategic Partners, Bessemer Venture Partners, Tiger Global, and D1.

Software Development 113

Software Development Report Software Capital 113

socalTECH

MAY 10, 2021

Procore initially filed for an IPO back in November of 2020. Carpinteria-based construction management software developer Procore has set its estimated initial IPO pricing, saying in a filing today that it now expects an initial offering price of betweenn $60.00 and $65.00 The company has applied to list on the NYSE under the symbol PCOR.

Pricing 113

Pricing Software Development Software Capital 113

socalTECH

FEBRUARY 24, 2020

The firm is paying a combination of cash and stock for Saba, and expects the deal to be complete in the second quarter of 2020. Cornerstone OnDemand said that Saba, which has approximately 3,300 clients, has a complementary product portfolio to the company. READ MORE>>.

Cornerstone OnDemand 124

Cornerstone OnDemand Santa Monica Resource Training 124

socalTECH

APRIL 26, 2021

on revenues of 418.14M for the year ended December 31, 2020. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP. The company reported net income of 86.0M The company's biggest investors are Institutional Venture Partners (IVP) and Wellington.

.Net 100

.Net Los Angeles Tool Report 100

socalTECH

MARCH 2, 2021

billion in net revenues for the year 2020. .; V-TW Holdings, LLC; Innolux Corporation; and Foxconn Assembly Holding Corporation. VIZIO CEO William Wang owns 100% of the company's Class B shares. The company reported 102M in net income on just over 2.0

.Net 113

.Net Class Report Capital 113

socalTECH

AUGUST 1, 2019

The two said that ServiceTitan will be transitioning CUC Software's customers over to its products, but will support CUC Software's current product line until April 1, 2020. According to ServiceTitan, CUC Software's customers were largely based in Canada. CUC Software was developed by Jack Vannoy and Carolyn Slayden in 1981. READ MORE>>.

Software 113

Software Glendale Custom Customer 113

TechCrunch LA

FEBRUARY 2, 2021

That $1 million round took the company to a business that employed around 90 people and was generating $80 million in revenue in 2020, according to a person familiar with the company. Today is not just an important day for Stack, but for the future of shoppable content.

Media 134

Media Commerce Company Companies 134

socalTECH

DECEMBER 23, 2019

The exit through acquisition by ReliaQuest is the first of what we expect will be many exits for our Fund 1 portfolio. Backtracks and other killer companies will create significant value as the podcast ecosystem accelerates in 2020. What are you most looking forward to in the technology/startup world in 2020?

Capital 100

Capital Technical Review Truecar Venture Capital 100

socalTECH

FEBRUARY 5, 2021

Magnite says the combined companies would have a full year, 2020 non-GAAP net revenue of $350 million. Los angeles-based sell-side advertising platform operator Magnite announced this morning that it has agreed to acquire SpotX, a video advertising platform provider, in a deal worth $1.17 billion in cash and stock.

Electronic Arts 100

Electronic Arts Hulu Advertising .Net 100

Startup Professionals Musings

OCTOBER 30, 2020

This reduces the cost of customer acquisition, allows easy upgrades for service and new features, and improves customer loyalty in the face of new competitors in the market. Prioritize mergers and acquisitions early. Marty Zwilling First published on Inc.com on 10/15/2020. Minimize one-time sales in your business model.

Outsource Development 154

Outsource Development Social Media Software Review Customer 154

socalTECH

DECEMBER 21, 2018

CoreLogic apparently is looking to trim businesses with low gross margins, saying it believes selling those legacy businesses will help it achieve 30% adjusted EBITDA by 2020. The company did not identify all of those businesses, but said they generated approximately $40M in revenues in the first nine months of 2018. READ MORE>>.

Software 113

Software Platform Help Company 113