TechCrunch LA

SEPTEMBER 13, 2021

Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. With the new capital, SpotOn has raised $628 million since its inception. 4 key areas SaaS startups must address to scale infrastructure for the enterprise.

Technical Review 296

Technical Review Software Review Invest Acquisition 296

socalTECH

SEPTEMBER 17, 2020

Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave , a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. Financial terms of the buy were not announced. READ MORE>>.

Capital 113

Capital Santa Monica Equity Software 113

socalTECH

JANUARY 3, 2019

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. What was the biggest lesson you learned this year? Two big lessons in 2018.

Capital 113

Capital Southern California El Segundo SaaS 113

socalTECH

OCTOBER 23, 2020

One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group is on an acquisition roll, acquiring yet another company. Clearlake Capital said the acquisition was made with its support along with SkyKnight Capital. Financial details of the deal were not announced.

Santa Monica 113

Santa Monica Equity Acquisition Capital 113

socalTECH

AUGUST 5, 2013

Garden Grove-bsaed Teletrac , a developer of cloud-based, software-as-a-service products for fleet tracking and fleet operators, has been sold to Danaher , according to private equity investor Vector Capital. According to Vector Capital, Teletrac is currently providing network tracking of 200,000 vehicles across 87 countries.

SaaS 138

SaaS Equity Acquisition Software 138

socalTECH

JULY 30, 2014

San Diego-based XIFIN , a developer of cloud-based software for the healthcare diagnostics market, has been acquired by private equity investor GTCR. XIFIN supplies its software in the molecular diagnostics, pain management/toxicology, anatomic pathology, radiology, hospital outreach, medical device and clinical laboratory markets.

Windward 138

Windward SaaS Enterprise Partners San Diego 138

socalTECH

NOVEMBER 20, 2012

Newport Beach-based LiveTime Software , a developer of cloud-based, IT service management software, has been acquired by Absolute Software. Absolute Software said it paid less than $15M in cash and stock for LiveTime, which includes a three year earn-out. Absolute Software is based in Vancouver, Canada.

Software 147

Software Services Capital Product 147

socalTECH

JANUARY 26, 2022

Los Angeles-based ServiceTitan, which develops software-as-a-service products to help home service and contractors manage their business and service calls, is reportedly looking to file for an IPO. It's not uncommon for companies looking for an acquisition to leak rumors of an IPO, typically through their investment bankers or investors.

Report 113

Report Acquisition Los Angeles Services 113

socalTECH

OCTOBER 27, 2016

Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 Morgan, along with Pacific Crest Securities, a division of KeyBanc Capital Markets, Raymond James, William Blair and Baird.

Pricing 100

Pricing Silver Lake Woodland Hills Software 100

socalTECH

DECEMBER 30, 2015

Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. TVC Capital has also been a big supporter of socaltech over the years. What was the biggest news for you or your firm this year?

Capital 100

Capital Beverly Hills Artificial Inteligence Equity 100

socalTECH

JUNE 11, 2021

Irvine-based Restaurant365, which develops restaurant management software, has acquired Compeat, a developer of restaurant back office, workforce, and business intelligence esoftware. Financial details of the acquisition were not announced. Compeat was based in Austin, Texas. Baird & Co and Choate, Hall & Stewart and Polsinelli.

Equity 113

Equity Acquisition Software Capital 113

socalTECH

SEPTEMBER 29, 2010

Barclays Capital, William Blair & Company, Piper Jaffray, Pacific Crest Securities, and JMP Securities. Cornerstone OnDemand--which is headed by Adam Miller--is venture backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. Tags: software saas exit acquisition merger ondemand cornerston.

Cornerstone OnDemand 208

Cornerstone OnDemand Southern California Santa Monica SaaS 208

socalTECH

OCTOBER 9, 2012

Mission Viejo-based OptionEase , the developer of software-as-a-service for tracking stock options and equity, as well as valuation and compliance, has been acquired by Solium Capital Financial terms of the buy were not disclosed. READ MORE>>.

Tech Coast Angels 140

Tech Coast Angels Capital Miramar Pasadena Angels 140

socalTECH

JUNE 30, 2021

Los Angeles-based ServiceTitan, which provides software used by contractors and the trades to manage their business, has acquired another company, Aspire Software, which develops software for the commercial landscaping business. Financial details of the acquisition were not announced. Aspire Software is based in St.

Acquisition 113

Acquisition Equity Los Angeles Software 113

socalTECH

MAY 29, 2019

San Diego-based Black Mountain Systems , a developer of software for credit investors and alternative asset managers, has been acquired by private equity firm Vista Equity Partners. Financial details of the acquisition were not announced. READ MORE>>.

Equity 113

Equity San Diego Acquisition Invest 113

socalTECH

OCTOBER 18, 2010

Manhattan Beach-based CapLinked , which develops online, software-as-a-service to help entrepreneurs connect with and keep their investors updated, is opening up its public beta today. Jackson helped bootstrap marketing for PayPal, and eventually served as interim Vice President of Marketing at PayPal after its acquisition by eBay.

Manhattan Beach 157

Manhattan Beach SaaS Venture Capital Sites 157

socalTECH

APRIL 15, 2019

Corona, California-based Clubspeed , which develops software used to manage go karting tracks, race tracks, trampoline parks, and family entertainment centers, has been acquired by private equity investor Nadavon Capital Partners , the two said over the weekend. Financial terms of the deal were not announced.

Equity 113

Equity Entertainment Tool Acquisition 113

socalTECH

MAY 12, 2010

Santa Barbara-based Mindflash.com , a provider of online training software for small businesses, said today that it has named Donna Wells as its new President and CEO. Wells was CMO at Mint.com until its acquisition by Intuit in 2009; she has also served at Expedia as Senior Vice President of U.S. READ MORE>>.

Santa Barbara 145

Santa Barbara Training SaaS Venture Capital 145

Xconomy

SEPTEMBER 26, 2019

Zingle, a startup whose software is used by hospitality, travel, and retail industries to more easily and quickly connect with their customers via messaging, has been acquired for about $42 million in cash by Medallia, a publicly traded software company in San Francisco. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Software 95

Software Startup Satisfaction Customer 95

TechCrunch LA

OCTOBER 5, 2020

The funding is coming from funds and accounts managed by BlackRock, Reimagined Ventures, Trinity Capital Investment, Celtic House Venture Partners, Marubeni Ventures, Sixty Degree Capital, Mojo Partners alongside with previous investors GGV Capital, WI Harper Group, Digital Garage, CentreGold Capital , Scrum Ventures, and other unnamed participants.

Technical Review 343

Technical Review Startup Marketing San Diego 343

socalTECH

JANUARY 4, 2017

Pasadena-based Vertical Management Systems , a developer of financial technology and software for managing fiduciary risk, fee transparency, and revenue reconciliation, has been acquired by NewSpring Holdings. Financial terms of the acquisition were not disclosed.

Pasadena 140

Pasadena Acquisition Software Technology 140

socalTECH

JULY 11, 2018

Los Angeles-based CapLinked , which develops a range of software used for corporate finance deals and information sharing, has raised a $2.5M The funding came from Alphabit Fund, Translunar One, Kenetic Capital, NextProtocol Ventures, and BKCM. in seed funding. CapLinked's founders are CEO Eric M. Jackson and COO Chris Grey.

Software Review 100

Software Review Seed Funding Los Angeles Software 100

socalTECH

JUNE 3, 2021

El Segundo-based human capital and policy management software developer NEOGOV, which is led by Shane Evangelist, has scored a round of funding from private equity giants The Carlyle Group and Warburg Pincus. The size of the investment--described as "significant"--was not announced. Warburg Pincus had an existing stake in NEOGOV.

El Segundo 113

El Segundo Funding Equity Education 113

Both Sides of the Table

APRIL 26, 2016

The key to being able to run a business that isn’t yet profitable (on operating margin) is availability of capital to finance losses and preferably at a cost that isn’t too punitive to the founders and employees. It’s funny how scarcity of capital can focus one’s mind. Customer acquisition cost. If you can’t raise — you’re dead.

Metrics 150

Metrics Startup SaaS Custom 150

socalTECH

NOVEMBER 9, 2010

Cornerstone OnDemand is backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. Tags: cornerstone ondemand merger acquisition exit software saas. The firm also revealed that it has bolstered its list of clients to 410 clients, versus 390 in its original S-1 filing. READ MORE>>.

Cornerstone OnDemand 133

Cornerstone OnDemand SaaS Santa Monica .Net 133

socalTECH

JULY 15, 2015

A few weeks ago, Los Angeles-based enterprise expense reporting software maker Chrome River (www.chromeriver.com) took a significant venture funding round--worth $100M--to help expand the company's growth in the enterprise software market. What does Chrome River's software do? With this acquisition, that has put Concur into SAP.

Software 100

Software Report Startup IBM 100

Xconomy

FEBRUARY 20, 2019

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure. Instructure (NYSE: INST ) has agreed to acquire privately held Portfolium.

Software 87

Software San Diego Startup Education 87

InfoChachkie

JANUARY 16, 2018

Without taking a dime of outside capital, the company has achieved impressive success in a competitive, SaaS market segment, landing companies such as Nike, Intuit, NASA, AutoDesk and PBS. We build product roadmap software – it’s a SaaS company based here in Santa Barbara, California. Semick: They are. It’s chaotic.

Venture Capital 115

Venture Capital Entrepreneur Santa Barbara SaaS 115

socalTECH

MARCH 6, 2013

CapLinked , the Los Angeles-based developer of enterprise software for managing M&A transactions, venture deals, and other business deals, is aiming squarely at legacy, virtual data room services with its latest updates. CapLinked is headed by Eric M.

Services 218

Services Venture Capital Equity Los Angeles 218

socalTECH

APRIL 24, 2019

Corona, California-based Clubspeed , a software developer which develops software used by entertainment and activity centers to manage their business, has raised $20M in a funding round, according to investor Bellwether Financial Group. READ MORE>>.

Entertainment 113

Entertainment Tool Software Development Software 113

socalTECH

APRIL 8, 2019

Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. Rock Solid is owned by private equity investor Strattam Capital. Financial terms of the merger were not announced.

Technology 160

Technology Equity Mobile Los Angeles 160

socalTECH

NOVEMBER 9, 2017

Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. Cornerstone OnDemand is a developer of human capital and talent management software. READ MORE>>.

Silver Lake 113

Silver Lake Cornerstone OnDemand Software Review Santa Monica 113

Both Sides of the Table

JULY 1, 2015

. “the ecommerce company gained fauxmentum by raising artificially high amounts of venture capital and spent lavishly on customer acquisition despite long payback periods and questionable LTV” __. get out and raise money now because when markets change they change on a dime and capital completely dries.

Startup 150

Startup Marketing Venture Capital Custom 150

Both Sides of the Table

SEPTEMBER 28, 2014

There are many times when being overly capitalized before you’re ready is a negative. We want money to make some acquisitions (investors would prefer to fund M&A if they know specific deals – not to encourage bad behavior. Availability of Capital. We want a strong balance sheet (um, ok.

Startup 383

Startup Company Companies .Net 383

Both Sides of the Table

JANUARY 25, 2015

I have written about the deceiving nature of early successes before – in particular in the SaaS or B2B world leading to a phenomenon called “shelfware.” And of course it’s true in personal productivity apps, SMB apps, B2B software and so forth. Success for many is ephemeral. It’s important to understand.

Product 150

Product Startup Metrics Technical Review 150

socalTECH

FEBRUARY 23, 2012

Los Angeles-based CapLinked , the developer of software for helping companies to raise capital which is headed by Eric M. Companies use CapLinked to help manage the fundraising process in angel, venture capital, and other fundraising efforts.

Software Review 140

Software Review Startup Venture Capital Los Angeles 140

socalTECH

APRIL 5, 2011

Orange-based Alteryx , a developer of spatial intelligence software for business, said today that it has raised $6M in a Series A investment round. Alteryx develops mapping software used by Fortune 500 companies, the government, and researchers. The round came from SAP Ventures Fund I. Alteryx is headed by Dean Stoecker.

Research 145

Research Software Acquisition Funding 145