Veritone Gets Acquisition Bid From Apis Capital Management

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Costa Mesa-based Veritone , a developer of artificial intelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. veritone artificial intelligence tools software merger acquisition private equity apis exitAccording to Veritone, Apis has offered to acquire all of its outstanding shares for $10.26 per share in cash. Veritone said the proposal is an increase from an earlier offer to pay $8.00

Clearlake Capital Completes NetDocuments Acquisition

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Santa Monica-based private equity investor Clearlake Capital said it has completed its acquisition of secure cloud-based document management software developer NetDocuments. Financial details of the acquisition were not announced. clearlake capital netdocuments merger acquisition document cloud management legal software

Moonshots Capital Gets Acquisition At Edbacker

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Los Angeles-based venture investment firm Moonshots Capital , which is led by Kelly Perdew, has scored an exit at portfolio company Edbacker. Financial details of the acquisition were not announced. Edbacker was venture backed by 1776, Moonshots Capital, Michael Chasen (Former Blackboard Founder and CEO), Capital Factory of Austin, and Acrebay Investment Management. edbacker moonshots capital merger acquisition school fundraising district education livingtree

Clearlake Capital Completes Acquisition

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Santa Monica-based private equity firm Clearlake Capital has completed the acquisition of the North American Rental and Tubular Services divisions of Archer Limited, the firm said today. billion in capital. irongate archer tubular acquisition merger capital clearlake The new company will be renamed IronGate Energy Services. Financial terms of the buy were not announced.

Clearlake Capital Buys symplr

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Santa Monica-based private equity investor Clearlake Capital Group has acquired Houston, Texas-based symplr , a provider of healthcare governance, risk, and compliance software. Clearlake acquired symplr from its existing set of private equity investors, Pamlico Capital and The CapStreet Group. SkyKnight Capital co-invested in the transaction with Clearlake, which financed the deal via Antares Capital, Bain Capital Credit and Golub Capital.

Clearlake Capital Backs HEAT Software In Acquisition

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Santa Monica-based investor Clearlake Capital said today that it is behind a deal where HEAT Software will acquire the Absolute Manage and Absolute Service businesses from Absolute Software Corporation. Financial terms of the acquisition were not disclosed. HEAT Software is a portfolio company of Clearlake Capital, and is based in Milpitas. clearlake capital heat software absolute merger acquisition

TeleSign Acquisition By BICS Closes, Deal Value Rises To $335M

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Marina del Rey-based phone verification and user authentication service TeleSign is now officially part of BICS , after the official close of the acquisition, BICS said today. BICS said it paid $230M, however, March Capital Partners, one of the investors in TeleSign, said that as a result of additional cash and earn out the deal now has a total valuation of $335M. TeleSign was venture backed by Adams Street Partners, March Capital Partners, Summit Partners, and Telstra Corp.

Atar Capital Buys Canadian Technology Distributor Microcel

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Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. Atar Capital is led by founder and Managing Partner Cyrus Nikou. atar capital microcel merger acquisition technology distributor electronics canada international

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Edlio Snags Investment for K-12 Education Software Acquisition

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Los Angeles-based Edlio , has received a growth capital investment this morning, for its K-12 education and "community engagement" software, and in particular, acquisitions of other companies. According to LLR Partners, its investment will be used by Edlio to support its market expansion, via organic growth and acquisitions. investment private equity growth capital venture education software edlio

Prevoty Now Part Of Imperva After $140M Acquisition

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Prevoty was a developer of DevOps security software and was backed by Trident Capital. The acquisition had originally been announced in July. prevoty imperva security software merger acquisition devops trident capitalLos Angeles-based security software developer Prevoty is now officially part of Redwood Shores, California-based Imperva , Imperva said Monday afternoon. Imperva paid $140M in cash for Prevoty. READ MORE>>.

MaintenanceNet Acquisition By Cisco Completes

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Carlsbad-based cloud software developer MaintenanceNet is now officially part of Cisco, Cisco said this week, after it completed its acquisition deal for the company. Cisco had announced its acquisition of MaintenanceNet on July 8th, saying it would pay $139M for the startup. The company had been backed by Kayne Anderson Capital Advisors. maintenancenet merger acquisition cisco recurring software revenue contract cloud

Clearlake Capital's Perforce Buys Perfecto Mobile

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One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group , Minneapolis-based Perforce Software , has acquired cloud testing software developer Perfecto Mobile. The companies said they expect the acquisition to close by the end of the year. clearlake capital perforce perfecto mobile merger acquisition cloud application test testing software

Netflix Looks To Raise $2 Billion For Content Acquisition, Production

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Netflix , the online streaming movie service operator, is planning to boost its content acquisition and production, via a $2.0 billion offering of Senior Notes, specifically for content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions. billion debt offering, a move which might benefit the Los Angeles content production industry.

Clearlake Capital Acquires Provation

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Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has acquired Minneapolis, Minnesota-based Provation Medical , a developer of software for the healthcare documentation and coding market. documentation healthcare software acquisition merger investor investment equity private capital clearlake provation

OpenGate Capital Acquires Mersive

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Los Angeles-based private equity investor OpenGate Capital has acquired Denver-based collaboration software developer Mersive , OpenGate said this mroning. Financial details of the acquisition were not announced. opengate capital mersive merger acquisition collaboration meeting software display monitorMersive develops software used for collaboration and meetings, based on both laptops and mobile devices as well as immersive in-room displays.

Diversis Capital Sells Portfolio Firm

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Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. diversis capital blue merger acquisition esko private equityFinancial details of the sale were not announced. BLUE Software is a developer of label and artwork management software, and is based in Chicago. Esko is owned by Danaher, and develops software and hardware for package design.

ServiceTitan Secures $165M From Venture Capital Group to Expand

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has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets Glendale-based ServiceTitan Inc.

Clearlake Capital Acquires NetDocuments

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Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has acquired NetDocuments , a provider of cloud-based document management, email management, and collaboration software for law firms and corporate legal and compliance customers. Financial details of the acquisition were not announced. Clearlake Capital said the company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO.

Shamrock Capital Sells RBmedia To KKR

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Los Angeles-based private equity investor Shamrock Capital announced on Friday that it has sold one of its portfolio companies, RBmedia , to another private equity company, KKR. shamrock capital rbmedia merger acquisition streaming audio books audiobooks content private equityFinancial details of the deal were not announced. RBmedia is a publisher of audiobooks, and is based in Landover, Maryland.

Clearlake Capital Acquires LANDESK

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Santa Monica-based private equity investor Clearlake Capital Group L.P. As part of the acquisition, LANDESK said it will merge its existing portfolio company, HEAT Software, with LANDESK. management software heat bravo thoma equity private acquisition merger landesk capital clearlakeannounced this morning that it has agreed to acquire LANDESK , a developer of IT management software, from private equity investor Thoma Bravo.

Vereco Acquired By Stella Point Capital

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Laguna Niguel-based Vereco , a hospital and healthcare document management provider and outsourcer, has been acquired by private equity investor Stella Point Capital. The acquisition was financed by a senior credit facility from Monroe Capital LLC. vereco stella point capital healthcare hospital document management private equity health lifescience outsourcing

Clearlake Capital Sells Pomeroy To Getronics

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has sold one of its portfolio companies, Pomeroy Group Holdings , to an affiliate of Getronics Group. Financial details of the acquisition were not announced. clearlake capital pomeroy getronics merger acquisition private equity investment

Clearlake Capital Sells Calero Software

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Santa Monica-based private equity investor Clearlake Capital announced today that it has sold off one of its portfolio firms, Calero Software , to private equity investor Riverside Partners. clearlake capital calero software merger acquisition private equityFinancial terms of the sale were not announced. Clearlake created Calero in 2013, when it rolled up three companies--Veramark Technologies, PINNACLE, and Movero--into a single entity.

Ten-X Acquisition By Thomas H. Lee Completes

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Ten-X, formerly known as Auction.com, was venture backed by Stone Point Capital, and CapitalG (formerly Google Capital), who continue to hold minority stakes in the company. Financial details of the acquisition were not announced. tenx thomas auction venture capital merger acquisition private equityIrvine-based Ten-X , an online real estate marketplace, is now officially owned by private equity investor Thomas H. Lee Partners , T.H. Lee said this morning.

Clearlake Capital Buys Syncsort

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Santa Monica-based private equity investor Clearlake Capital Group announced htis morning that it is buying Syncsort , a new Jersey-based developer of big data, data migration, and other tools. Financial terms of the acquisition were not anounced by the companies. Behdad Eghbali, Prashant Mehrotra, and Paul Huber, all of Clearlake Capital, join Synsort's board of directors in the deal. clearlake capital merger acquisition syncsort data hadoop

Scopely Gets $60M For Expansion, Acquisitions

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The round also included Greenspring Associates, Sands Capital Ventures, Cross Creek Advisors, and Pritzker Group Venture Capital. According to Scopely, the new funding will go towards strategic investments, commercial partners, and acquisitions. android game content entertainment capital venture expansion growth revolution mobile videogame scopely

Clearlake Capital Buys Syncsort

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. Financial terms of the acquisition were not announced. clearlake capital syncsort merger acquisition enterprise mainframe hadoop bigdata private equity analyticssaid this morning that it has acquired Syncsort Incorporated , a developer of enterprise software based in New Jersey. Syncsort develops Hadoop and other big data integration software for the mainframe market.

Clearlake Capital Buys Perforce Software

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Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired Perforce Software , a developer of version control software. clearlake capital perforce merger acquisition private equity software summit sourceFinancial details of the buy were not announced. Perforce was based in Minneapolis, MN, and had previously been owned by another private equity company, Summit Partners.

Conexant Acquisition Completes

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The acquisition of Newport Beach-based semiconductor firm Conexant by private equity firm >b>Golden Gate Capital has completed, the firm said today. The acquisition takes Conexant private, with the firm no longer trading on the NASDAQ Global Market. Conexant was acquired by Golden Gate Capital after a bidding war with Standard Microsystems (SMC) in February. conexant golden gate capital cnxt merger acquisition semiconductor

Edlio Raises $40M For School Website Software, Looks Towards Acquisitions

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The funding came from L Squared Capital Partners. According to L Square, the investment in Edlio will go towards sales and marketing, international growth, new product development, and strategic acquisitions. L Capital Partners said Edlio is specifically seeking to acquire complementary EdTech companies across the K-12 administrative software landscape such as CRM, athletic department modules, data management and payments companies.

Capital Exchange Acquired By Revolution Capital Group

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Valencia-based Capital Exchange , an online community site focused on the financial community, has been acquired by Los Angeles private equity firm Revolution Capital Group , Revolution Capital said today. Financial terms of the acquisition were not disclosed.

OpenGate Capital Sells Getronics LATAM

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Los Angeles-based private equity firm OpenGate Capital announced today that it has sold Getronics LATAM to Southern Cross Group. The company claimed the exit provides 11 times invested capital for the firm. OpenGate Capital had acquired Getronics LATAM in 2010. opengate capital merger acquisition getronics latam southern cross group private equity services

Aviron Capital Acquires Stake In Kino Industries

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Beverly Hills-based Aviron Capital , a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries , the developer of an interactive movie technology called CtrlMovie. Financial details of the acquisition were not announced. aviron capital ctrlmovie movie hollywood financing equipment theater merger acquisition venture content

Venture Capital Q&A Session

Both Sides of the Table

We received so much positive feedback from our This Week in Venture Capital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about.

Twitter’s Acquisition, Chirp & Managing Developer Relationships

Both Sides of the Table

I guess it may be impractical for Twitter to acquire Seesmic given it has raised considerable amounts of venture capital (reportedly $12 million) but the broader point for me is that I always believed Twitter should control the client versions of its product.