socalTECH

MARCH 30, 2017

The record, $2 billion acquisition of Irvine-based TV maker Vizio has hit some serious turbulence, with reports saying that the deal may be abandoned or cancelled , due to issues China's recent restriction of moving capital overseas.

San Gabriel 100

San Gabriel Acquisition Report Sales 100

socalTECH

JANUARY 29, 2019

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. Financial terms of the sale were not announced.

Capital 133

Capital Technology Equity Los Angeles 133

socalTECH

MARCH 3, 2014

Los Angeles-based private equity investor Platinum Equity said last week that it has sold NESCO , a provider of fleet equipment rental, sales, and services for the electrical transmission and distribution market, to Energy Capital Partners. Financial terms of the sale were not disclosed. READ MORE>>.

Equity 138

Equity Capital Sales Acquisition 138

Berkonomics

MARCH 28, 2024

They can elect directors for their class of stock, approve mergers and acquisitions; approve increases or changes to the capital structure of the company and other more minor actions. Each corporation, when chartered becomes a live person in the eyes of the law, independent and subject to the care of its board of directors.

Class 282

Class Coach Invest Sales 282

socalTECH

JUNE 7, 2013

Santa Monica-based private equity firm Clearlake Capital said this week that it has acquired the Retail Solutions Group of Agilisys , a provider of technology and managed services for the retail market. Clearlake Capital said it will rename the group as Kyrus Solutions. The new company remains in Greenville, South Carolina.

Capital 147

Capital Santa Monica Equity Sales 147

socalTECH

OCTOBER 12, 2016

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. Edlio is led by CEO Ali Arsan.

Acquisition 100

Acquisition Software Class News 100

socalTECH

JANUARY 14, 2015

San Diego-based TVC Capital , the software-focused, growth equity investment firm founded by Jeb Spencer and Steve Hamerslag has raised a big, $115M software fund, the company said Wednesday. The fund said that TVC Capital III was oversubscribed, and closed in only 90 days. million in revenues. READ MORE>>.

Software 100

Software Capital Funding Equity 100

Berkonomics

JUNE 25, 2020

This is the total expected revenue for a customer (usually calculated with a five year life no matter what the type of business) less the cost of acquisition (see below) less the recurring direct costs of serving the customer or of product estimated to be sent to the customer over the lifetime relationship. CPA (Cost per Acquisition).

Acquisition 156

Acquisition Statistics Sales Customer 156

socalTECH

JANUARY 3, 2017

Los Angeles-based private equity firm OpenGate Capital announced today that it has sold Getronics LATAM to Southern Cross Group. Financial details of the sale were not annouced. The company claimed the exit provides 11 times invested capital for the firm. OpenGate Capital had acquired Getronics LATAM in 2010.

Capital 113

Capital Equity Los Angeles Sales 113

socalTECH

SEPTEMBER 13, 2017

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. Financial terms of the sale were not announced.

Capital 113

Capital Software Riverside Santa Monica 113

socalTECH

JULY 20, 2018

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. Financial details of the sale were not announced. BLUE Software is a developer of label and artwork management software, and is based in Chicago.

Capital 100

Capital Equity Los Angeles Design 100

socalTECH

AUGUST 15, 2016

Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has sold Netmotion Wireless , a developer of mobile security software, to The Carlyle Group. Financial terms of the sale was not announced. Clearlake Capital acquired NetMotion Wireless back in 2012. READ MORE>>.

Capital 100

Capital Santa Monica Mobile Equity 100

socalTECH

OCTOBER 8, 2010

San Diego-based NextWave Wireless said Friday that it has completed the sale of its 65 percent equity interest in PacketVideo. The firm said the sale, to NTT DOCOMO , was worth $111.6M. from the sale. going towards working capital. going towards working capital. NextWave had announced the sale in August.

Sales 140

Sales San Diego .Net Equity 140

TechCrunch LA

SEPTEMBER 13, 2021

With the new capital, SpotOn has raised $628 million since its inception. The latest investment is being used to finance the acquisition of another company in the space — Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos. Image Credits: SpotOn.

Technical Review 296

Technical Review Software Review Invest Acquisition 296

Both Sides of the Table

APRIL 19, 2011

He is very hands-on and helpful – especially for any company looking into customer acquisition. What better than to have capital from somebody who has actually done it in the trenches? Matt’s commitment to re-investing in tech startups is reminiscent to this great Fred Wilson post of “recycling capital. &#.

Acquisition 304

Acquisition Startup Customer Custom 304

socalTECH

OCTOBER 2, 2012

Southern California's technology community--despite all of the recent excitement around Silicon Beach--continues to be underserved in terms of capital, with a lack of venture capital funds (with money), and other private technology investors. Jeb Spencer: We consider ourselves a private equity firm.

Acquisition 168

Acquisition Software Review Technical Review Equity 168

socalTECH

SEPTEMBER 15, 2021

Los Angeles-based Appetize, the developer of point-of-sale ordering apps serving the restaurant, sports, entertainment, and hospitality business, has been acquired by San Francisco-based SpotOn, the companies said on Tuesday. Financial details of the acquisition were not announced. billion, with the funding led by Andreessen Horowitz.

Entertainment 113

Entertainment Acquisition Los Angeles Invest 113

socalTECH

JUNE 30, 2010

The firm, which was started by Novell founder Drew Major, had been backed by Benchmark Capital, Cisco Corp., Comcast Interactive Capital, Hummer Winblad Venture Partners, Microsoft Corp., Tags: move networks merger acquisition shutdown sale video streaming. and Steamboat Ventures. READ MORE>>.

Sales 140

Sales Networking Steamboat Ventures Report 140

socalTECH

DECEMBER 30, 2016

Here, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund, and has had some great success in the market. TVC Capital has also been a big supporter and sponsor of socaltech over the years. You can see all of our holiday reflections here.

Capital 113

Capital Southern California Equity San Diego 113

socalTECH

NOVEMBER 5, 2012

THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. The announcement came as the firm announced net sales of $107.4M The firm said it hired Centerview Partners to help evaluate "strategic and financing alternatives".

THQ 147

THQ Agoura Hills Sales Agoura 147

socalTECH

NOVEMBER 4, 2009

San Diego-based Brickfish , a developer of social media and networking software being used by brands, reported today that it has hired on a Paul Botto, most recently Head of Analytics for the North American Sales Organization at Google, as its Vice President of Sales. Brickfish is venture backed by DCM, Draper Richards L.P.,

Google 140

Google Sales Social Media Draper 140

socalTECH

AUGUST 16, 2021

San Diego-based sales and marketing software developer Seismic has raised $170M in a Series G funding round, the company said this morning, and is now valued at $3 billion. Along with the funding, the company said it has acquired Lessonly, a developer of sales training, coaching, and enablement software which is based in Indianapolis.

San Diego 113

San Diego Coach Sales Training 113

socalTECH

OCTOBER 21, 2019

Financial terms of the acquisition were not announced. The sale of Kik to MediaLab is related to the legal issues that Kik has been battling with the SEC over its "Kin" cryptocurrency. Kik is venture backed by Foundation Capital, RRE Ventures, Spark Capital, and Union Square Ventures READ MORE>>.

Acquisition 100

Acquisition Los Angeles Sales Capital 100

socalTECH

FEBRUARY 22, 2016

According to Engaged Capital LLC , it believes Outerwall's current management have impaired the valuation of the company, and is demanding that Outerwall "shut down or sell" ecoATM, among other moves. ecoATM, which is still based in San Diego, was acquired by Outerwall in July of 2013 for $350M, by Outerwall subsidiary Coinstar.

Sales 100

Sales San Diego Demand Capital 100

socalTECH

OCTOBER 12, 2020

Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. administration to force a sale by its Chinese parent company, ByteDance. TikTok is the target of efforts by the U.S.

Report 113

Report Acquisition Los Angeles Sales 113

Xconomy

JANUARY 11, 2018

LendingPoint , an online provider of direct loans to consumers, has acquired LoanHero , the San Diego fintech with technology that enables merchants to extend instant financing to consumers at the point of sale. Financial terms of the buyout were not disclosed in an announcement Thursday.

Sales 68

Sales San Diego Acquisition Software 68

socalTECH

AUGUST 18, 2011

Newport Beach-based TowerJazz , the semiconductor foundry, said today that it has received $32M from the sale of its interest in a Chinese IC foundry firm. TowerJazz said it was advised by Chardan Capital Markets in the sale. The firm had previously owned 10% of HHSL.

Sales 133

Sales Capital Services Marketing 133

socalTECH

JUNE 30, 2021

Financial details of the acquisition were not announced. According to ServiceTitan, the acquisition came alongside a new, $200M investment from private equity investor Thoma Bravo. ServiceTitan said it is hiring, particularly in customer support, sales, product, and engineering. Aspire Software is based in St. Louis, Missouri.

Acquisition 113

Acquisition Equity Los Angeles Software 113

socalTECH

JULY 19, 2019

According to Vobile, it will open up a new office in Los Angeles as a result of the acquisition, with approximately 100 employees. Venture Partners, MK Capital, Shasta Ventures, First Round Capital and Richmond Park Partners. The sale is not the first for ZEFR, which got its start posting licensed movie clips to YouTube.

Fandango 127

Fandango Content Los Angeles Startup 127

socalTECH

MARCH 30, 2011

The firm's investor was San Diego-based TVC Capital , which invested only $4M in total in Accordent before it was acquired. It was interesting to see the acquisition of Accordent - it seems unusual to have only put in $4M in to a company in so many years, and yet you had a good exit? Jeb, thanks for the time today.

Capital 168

Capital Hermosa Beach El Segundo Invest 168

socalTECH

JUNE 26, 2013

As part of the acquisition, EMN8 said it raised $50M in a new funding, to both acquire Snapfinger and expand its platforms. Bass Associates, and also included Allegis Capital and individual investors. emn8 snapfinger merger acquisition venture capital restaurant ordering dining food point sale' READ MORE>>.

Allegis 164

Allegis Venture Capital Acquisition Mobile 164

Berkonomics

AUGUST 1, 2013

This is the total expected revenue for a customer (usually calculated with a five year life no matter what the type of business) less the cost of acquisition (see below) less the recurring direct costs of serving the customer or of product estimated to be sent to the customer over the lifetime relationship. The lower, the better.

Acquisition 189

Acquisition Statistics Sales Customer 189

socalTECH

AUGUST 21, 2013

Financial details of the acquisition have not been announced. Blip was venture backed by Ambient Sound Investment, Bain Capital, and Lauder Partners. News of the sale first came via AllthingsD. bliptv blip acquisition merger content network youtube studios maker' Blip operates an online, video site focused on webseries.

News 168

News Acquisition Content Los Angeles 168

socalTECH

MARCH 10, 2016

Brandt was the Chief Financial Officer of Broadcom up until its acquisition by Avago in February, and also had been President and CEO of Avanir Pharmaceuticals and CFO of Allergan, and also had served at The Boston Consulting Group, among other positions. He also sits on the boards of Lam Research and Dentsply Sirona. READ MORE>>.

Yahoo 100

Yahoo Sales Research Acquisition 100

socalTECH

AUGUST 23, 2017

The publicly held company, which trades on the Nasdaq at MBVX, said the new funding will go toward working capital and general corporate purposes. Sorce of the new funding was not announced.

Invest 113

Invest Company Companies San Diego 113

Startup Professionals Musings

AUGUST 21, 2021

In my experience, here are some of the key elements of that “second-stage” of entrepreneurship: Move from small investors to major venture capital. Switch your focus from product development to sales. Isolate marketing from sales for maximum customer focus. Utilize mergers and acquisitions to accelerate growth.

Startup 151

Startup Course Sales Entrepreneur 151

socalTECH

MAY 22, 2014

Vivendi said in a statement that it hopes to eventually totally exit the share capital of Activision Blizzard. activision vivendi blizzard sale finance stock merger acquisition' Vivendi had said in July of last year that it would be selling the stake in Activision Blizzard, part of a wider restructuring at Vivendi. READ MORE>>.

Activision 157

Activision Santa Monica Sales Acquisition 157