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Magento Commerce Acquired By Adobe For $1.68 Billion

socalTECH

Culver City-based Magento Commerce , which develops e-commerce software, has been acquired by San Jose-based Adobe , in a deal worth $1.68 According to the two, the Magneto Commerce Cloud will be integrated into Adobe's Experience Cloud platform. billion, the two said on Monday.

Commerce 100
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BVAccel Acquires Unit Of WebLinc

socalTECH

San Diego-based BVAccel , a provider of e-commerce website design and development, optimization, marketing services, and other services, said today that it has acquired the internal commerce agency of WebLinc Corp. Financial details of the acquisition were not announced.

Commerce 113
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Magento Acquisition By eBay Completes

socalTECH

Los Angeles-based Magento , the developer of open source, e-commerce software, has officially become part of eBay , eBay announced Wednesday afternoon. eBay had originally announced its acquisition of Magento in June. eBay said that it is making Magento part of its X.commerce, integrated open commerce platform group.

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Retina Links Into Shopify

socalTECH

Santa Monica-based Retina , a startup developing artificial intelligence and predictive analytics tools, is integrating its software into the popular Shopify e-commerce platform, the company is announcing this morning.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Since its 2017 inception, SpotOn has been focused on providing software and payments technology to SMBs with an emphasis on restaurants and retail businesses.

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Snap accelerator names its latest cohort

TechCrunch LA

Mogul Millennial — this Dallas-based company is a digital media platform for black entrepreneurs and corporate leaders. Since launching the platform in 2018, startups from the Snap accelerator have gone on to acquisition (like Stop, Breathe, and Think, which was bought by Meredith Corp.)

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GrubMarket gobbles up $120M at a $1B+ pre-money valuation to take on the grocery supply chain

TechCrunch LA

GrubMarket , which provides software and services that help link up and manage relationships between food suppliers and their customers — which can include wholesalers and other distributors, markets and supermarkets, delivery startups, restaurants, and consumers — has picked up $120 million in a Series E round of funding. .

Startup 249