Magento Commerce Acquired By Adobe For $1.68 Billion

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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. magento commerce adobe merger acquisition software ecommercebillion, the two said on Monday. Adobe said Magento CEO Mark Lavelle will continue to lead Magento's team. READ MORE>>.

Retina Launches AI, Machine Learning Tool For E-commerce Companies

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Los Angeles-based Retina , a startup which develops machine learning and artificial intelligence software for predicting customer lifetime value (CLV) of a company's customer, said it has launched a new tool that it is offering up to small to middle-market e-commerce businesses. helps e-commerce companies lower their cost-per-acquisition (CPA) of customers by up to 20 to 30 percent.

Epicor Buys ShopVisible For Cloud E-commerce, Ordering

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Epicor , the enterprise software developer which has major operations in Orange County, said this week that it has acquired a cloud-based developer of management and e-commerce software called ShopVisible. ShopVisible is the second, retail e-commerce software company Epicor has acquired in the last two month. epicor shopvisible merger acquisition retail order saas software ecommerce

Arianna Huffington’s Thrive Global is buying a startup that uses neuroscience to boost app usage

TechCrunch LA

Now, Thrive Global is adding a tech tool to its arsenal of cognitive behavioral therapies with the acquisition of the Los Angeles-based startup, Boundless Mind.

Magento Acquisition By eBay Completes

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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. magento ebay merger acquisition open source ecommerce software

Epicor Acquires Auto Parts Software Firm

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Epicor Software , the developer of enterprise resource planning (ERP) software which has major operations in Irvine, said Thursday that it has acquired Internet AutoParts (IAP), a developer of business-to-business e-commerce software for the automotive replacements parts distribution market. Epicor did not announce any financial terms of the acquisition. epicor internet autoparts merger acquisition software activant apax

Walmart Brings Virtual Reality to Retail With Purchase of Spatialand

Xconomy

Walmart’s tech incubator in Silicon Valley, Store No 8, has acquired Spatialand , a virtual reality software firm, as its third portfolio company. Venice, CA-based Spatialand worked with Walmart on a project last year, an experience that led to the acquisition, according to the blog post.

Stamps.com Acquires MetaPack For $230M

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a provider of e-commerce shipping software. MetaPack offers up its enterprise e-commerce shipping software to e-commerce customers. stamps metapack ecommerce shipping software merger acquisition internationalEl Segundo-based Stamps.com announced this morning that it has acquired UK-based MetaPack Ltd. , Stamps.com said it paid approximately $230M for MetaPack, funded entirely from its current cash balances.

With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. We’ve been fairly capital-efficient in this fast-growth e-commerce space,” Sheik said. “It Salesforce added another digital commerce giant earlier this year with the acquisition of Burlington, MA-based Demandware in a deal valued at roughly $2.8

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Stamps.com Completes $220M MetaPack Buy

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El Segundo-based Stamps.com said Wednesday afternoon that it has completed its $220M acquisition of UK-based MetaPack Ltd. , a provider of e-commerce shipping software. stamps metapack merger acquisition ecommerce software international postageStamps said it paid approximately $220M in fash, from its existing cash and investments, for MetaPack. The deal had originally been announced in July.

Stamps.com Completes $55M ShippingEasy Buy

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El Segundo-based Stamps.com said late last week that it has completed its acquisition of ShippingEasy , a developer of web-based, shipping software for online retailers. ShippingEasy had been one of Stamps.com's primary competitors in serving e-commerce providers. shippingeasy stamps merger acquisition software mailing postage

FastSpring Acquired By Accel-KKR

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Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. Financial details of the acquisition were not announced. ecommerce subscription software capital venture equity private acquisition merger accel accelkkr fastspring

Stamps.com Buys ShippingEasy

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El Segundo-based Stamps.com said this week that it has acquired ShippingEasy , a developer of web-based multi-carrier shipping software product that helps e-commerce providers process, fulfill, and ship their products. ShippingEasy had been a direct competitor to Stamps.com, particularly for small e-commerce providers. shippingeasy stamps merger acquisition shipping software postage freight ecommerce

Magento Acquired By eBay

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Los Angeles-based Magento , the developer of e-commerce software headed by Roy Rubin, has been acquired by eBay , eBay said this morning. Financial terms of the acquisition were not disclosed. Magento's open-source, e-commerce software will become part of X.Commerce, eBay's newly created integrated open commerce platform group. magento merger acquisition ecommerce ebay online store software saas

Epicor Completes ShopVisible Buy

socalTECH

Epicor , the big enterprise software developer which has extensive operations in Orange County, said Monday that it has completed its acquisition of ShopVisible , the developer of e-commerce and order management software. No financial details of the acquisition deal have been announced by either of the companies. Epicor is using the acquisition to bolster its ecommerce offerings for the midize and large retail market.

Miva Merchant Buys Instructional Video Site

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San Diego-basd Miva Merchant , the provider of e-commerce software, said this morning that it has acquired MerchantTutorials.com , a website featuring videos about Miva's own e-commerce software. tutorial video acquisition merger software ecommerce merchant mivaFinancial terms of the buy were not disclosed. Miva Merchant said it acquired the site from founder and owner Chuck Lasker.

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SmartLabs Acquired By Richmond Capital Partners, Raises $7.3M

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Irvine-based SmartLabs , the parent company of smart home controller brand Insteon and home automation e-commerce site Smarthome , has been acquired by private investment firm Richmond Capital Partners. Financial terms of the acquisition were not announced, however, Richmond Capital Partners said it is investing $7.3M SmartLabs will open up a new, software development office in Seattle as part of the acquisition and investment.

Stamps.com Buys ShipWorks

socalTECH

Louis-based ShipWorks , a developer of subscription-based e-commerce shipping software, the company announced Monday. ShipWorks develops shipping software, which is used by online sellers to manage shipping and sales on such marketplaces as eBay, Amazon, Yahoo, and elsewhere. software shipping marketplace ecommerce acquisition merger shipworks stamps stampscom El Segundo-based Stamps.com has acquired St.

Marlin Equity Acquires Tangoe, Merges It With Asentinel

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Los Angeles-based private equity and investment firm Marlin Equity said on Friday that it has completed its take-private acquisition of Tangoe, Inc. , Irwin previously served as CEO of EMS Software, TDCI and Sterling Commerce. marlin equity tangoe private merger acquisitionand combined it with existing asset Asentinel. Both companies operate as part of the technology lifecycle management (TLM) market.

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Yowza Acquired By Spindle

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Los Angeles-based Yowza , the developer of a mobile coupon and deals app, which was backed by comedian Wayne Brady, the Tech Coast Angels, the Pasadena Angels, and others, has been acqurieed by mobile commerce software provider Spindle , Spindle said today.

TouchCommerce Acquired For $215M By Nuance

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Agoura Hills-based TouchCommerce , the provider of customer service software and services, which e-commerce companies use to add live chat and support to their websites, has been acquired by Nuance Communications , Nuance said Thursday. touchcommerce customer service live chat chatbot merger acquisition bernard louvat ecommerce

Five Regions That Could Draw Amazon’s Next Headquarters

Xconomy

The tech and commerce giant says it wants cities and states to apply to be a candidate for its so-called HQ2 by Oct. [ Updated 4:26 p.m. See below.

Lockerz Axes Plixi Team In San Diego

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Lockerz , the Seattle-based social shopping and e-commerce site backed by Kleiner Perkins Caufield & Byers, has axed the company's San Diego office, in addition to laying off around 30 percent of its staff. Lockerz' San Diego team came from the January, 2011 acquisition of Plixi, which was formerly known as TweetPhoto, which developed software and services which allowed Twitter users to share photos.

A.I. Chip Race Redraws Competitive Map Among Tech Firms, Chipmakers

Xconomy

It’s been a long time since tech’s biggest companies could be sorted into discrete buckets according to the products they pioneered—-Google, the search software giant; Apple, the computer and mobile device innovator; e-commerce leader Amazon; business software stalwart Microsoft; and social media engine Facebook.

Beats Music Buys Topspin Music

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Beats said that the acquisition will help it bring on a team of to help it bolster its service. Beats Music also said it will be honoring agreements made by Topspin, but that it will be looking to find a partner to take over the e-commerce and fulfillment that Topspin offers to mits music partners. The two companies also had a deal to integrate features from Topspin -- including its direct-to-fan e-commerce tools and software -- as part of Beats Music.

FastSpring Trumpets Growth

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Santa Barbara-based FastSpring , a firm which provides e-commerce services and payment processing for online software sellers, claims that the firm had 500% growth in its revenues in 2009. According to CEO Dan Engel, the growth was driven by new clients such as AteBits (makers of Tweetie), Mailplane, BreezeTree Software, and Moonrug (makers of Moonrug Mobile for Android). Tags: fastspring engel ecommerce software

Vizio Acquired By Chinese TV Maker LeEco For $2 Billion

socalTECH

LeEco and Vizio said that Vizio's hardware and software business will become wholly owned subsidiaries of LeEco, and Vizio's data business, Inspace, will spin out as a separately owned company. The acquisition is the second, billion-dollar-plus acquisition of a technology company in Southern California in the last two weeks; just last week, e-commerce razor company Dollar Shave was acquired by Unilever. technology television china acquisition merger leeco vizio

LAVA Honors Richard Riordan, Local Technology Firms

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ShoeDazzle.com , the online e-commerce startup headed by Brian Lee and whose co-founders include Kim Kardashian, scored top honors in the Best venture funding in digital media/e-commerce category. In the Best venture funding in software/services, Edgecast , the content delivery network (CDN) provider, was the winner, with finalists including Eucalyptus Systems , Factual , and SV Network.

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Fauxmentum

Both Sides of the Table

“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” __. __. faux·men·tum. fōˈmen(t)əm,fəˈmen(t)əm/.

Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. Commerce: What is less known is just how important LA is as a commerce hub.

How Sekur.me Wants To Use Cell Phones To Fix Abandoned Shopping Carts

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Is your cell phone the secret to fixing e-commerce''s problem with abandoned shopping carts? We spoke with CEO and founder Jack Bicer --just back from DEMO--to learn more about the app and why he thinks the company has the solution to e-commerce shopping cart abandonment.

Valueclick Sells AdVault, Inkjet Ops

socalTECH

Westlake Village-based online advertising firm ValueClick disclosed today in a regulatory filing with the SEC that it has divested its AdVault software suite, and sold its inkjet e-commerce business. According to the filing, the firm sold its AdVault software, which is used for production, finances, media planning and buying for advertising agencies, to MediaBank LLC. The firm also said it sold its inkject e-commerce business to an undisclosed buyer.

A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

socalTECH

In the last couple ofyears, we've seen more enterprise technology and software locally here, and software is starting to grow up. The LIDAR, the sensors, the software, what's been developed for and by the aerospace industry, JPL, and local universities. There are more consumer, fashion, e-commerce, beauty, lifestyle, health and wellness companies here, and I think those areas see a higher percentage of female entrepreneurs than you might find in semiconductors or software.

How YP.com Is Growing A Giant Tech Team In Glendale

socalTECH

I''ve grown from driving part of the technology within the company, to driving all of the product development side, and also picking up product management and business development, around traffic acquisition and third party products. We''re coining the term search commerce.

Entrepreneur Hack: This Remote Team Of 12 Generated $100M

InfoChachkie

He then joined Picasa and was instrumental in its acquisition by Google. He then started several successful companies, including FastSpring, a company that provides outsourced e-commerce services to over 3,000 software companies.