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.

Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

But it is within the range of experience by many of us professional investors, and with those who have acted as brokers, serial purchasers or consultants for acquisitions.

Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

But it is within the range of experience by many of us professional investors, and with those who have acted as brokers, serial purchasers or consultants for acquisitions.

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

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.

Vance Street Capital Backs Acquisition By A&E Medical

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Los Angeles-based private equity investor Vance Street Capital said this morning that its existing portfolio firm, A&E Medical Corporation , has acquired RTI Surgical's Cardiothoracic Closure business. Financial details of the acquisition were not announced. The acquisition is the second acquisition for A&E Medical. Vance Street Capital acquired A&E Medical in February of 2016.

Vincente Capital Partners Sells Intellectual Technology, Inc.

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Los Angeles-based private equity investor Vincente Capital Partners announced on Tuesday that it has sold Carlsbad-based Intellectual Technology, Inc. , a developer of software for motor vehicle agencies (DMVs), to Arlington Capital Partners. Vincente Capital acquired ITI in November of 2012. According to Vincente Capital, it has retained a minority interest in Intellectual Technology.

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

Add that to the company’s expansion into new markets with strategic acquisitions to fuel development and growth in Toronto and Bogota, and it’s clear that the company is looking to make more moves in 2019.

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.

OpenGate Capital Acquires Sargent and Greenleaf

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Los Angeles-based private equity investor OpenGate Capital has acquired Sargent and Greenleaf , a maker of a wide range of both electric and traditional mechanical locks, from Stanley Black & Decker. Financial details of the acquisition were not announced. According to OpenGate Capital, it expects the acquisition to be complete in Q1 of 2019. decker black stanley capital opengate equity private acquisitino merger bluetooth lock greenleaf sargent

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

Belkin 126

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

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>>.

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

LA's Century Park Capital Acquires IT Services, Software Company

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Los Angeles-based Century Park Capital Partners , a private equity investor focused on family businesses, owner-operated companies and corporate divestitures, said on Monday afternoon that it has completed a majority recapitalization of Florida-based software and IT services company MCCi. Century Park Capital Partners said MCCi has over 1,000 clients. The deal was financed by RGA Private Debt & Equity and Plexus Capital.

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.

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

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.

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 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.

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.

ServiceTitan Secures $165M From Venture Capital Group to Expand

L.A. Business Journal

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.

Reflections on 2018: Jeb Spencer, TVC Capital

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As we close out our contributions for the end of 2018, here's Jeb Spencer of TVC Capital. 2018 was a great year for TVC Capital and we were able to get our fourth growth equity fund closed, taking our assets under management to close to $400 million. Jeb Spencer is the Co-Founder and Managing Partner of TVC Capital , a growth equity firm focused on the investment in and acquisition of business critical software companies.

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

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.

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.

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.

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.

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

The Eighty Percent Acquisition Rule

Berkonomics

But it is within the range of experience by many who have acted as brokers, serial purchasers or consultants for acquisitions. The answer is that the most sophisticated buyers have experience in integrating an acquisition successfully into an enterprise and those successes are the most visible models for others to follow. Plan for surprises by keeping enough capital available to restart or re- align the acquired company after an initial problem period.

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