Remove 2020 Remove Acquisition Remove Software Remove Software Development
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K2 Insurance Services Buys Software Company Loss Run Pro

socalTECH

San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced.

Services 124
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Pacific Consolidated Buys Saucey, Emjay

socalTECH

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. 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.

San Diego 113
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Cornerstone OnDemand Acquires Saba For $1.395 Billion

socalTECH

Santa Monica-based Cornerstone OnDemand has acquired fellow talent and human resources management software developer Saba , in a deal worth approximately $1.395 billion, the company said on Monday. 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.

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Procore Launches IPO Effort, Targets NYSE

socalTECH

Carpinteria-based construction management software developer Procore, which just launched an IPO effort, said today that it plans to list its common stock on the New York Stock Exchange under the ticker symbol PCOR. Proore reported a loss of $97M on revenues of $400.291M in 2020. Piper Sandler, Stifel, and William Blair.

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Procore Sets Initial Estimated IPO Pricing

socalTECH

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 Procore initially filed for an IPO back in November of 2020. and $65.00

Pricing 113