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Diversis Capital Backs SalesRabbit, Eyes Acquisitions

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Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah.

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QAD In $2 Billion Private Equity Acquisition

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Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. The company said that current CEO Anton Chilton will continue to lead the company, whcih will continue to maintain its headquarters in Santa Barbara.

Equity 113
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Ascent Funding Targets Coding Bootcamps With Skills Fund Acquisition

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The company said it is aiming to provde those loans to underserved students to give them access to higher education. Coding bootcamps--which offer short term training on technical skills, such as software development--have become popular in recent years to gain practical experience in technical fields.

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Clearlake's Perforce Completes Acquisition Of Rogue Wave Software

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Software development tools maker Perforce , which is owned by Los Angeles-based private equity investor Clearlake Capital , has completed its acquisition of Rogue Wave Software , another developer of software development tools. Rogue Wave had been owned by another private equity investor, Audax Group.

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K2 Insurance Services Buys Software Company Loss Run Pro

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San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced.

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Kofax Buys Business Intelligence Software Developer Altosoft

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Irvine-based document capture software firm Kofax announced this morning that it has acquired business intelligence and analytics software developer Altosoft. Altosoft becomes a wholly owned subsidiary of the company. Kofax said it paid $13.5M in cash for Altosoft, which was headquartered in Media, Pennsylvania.

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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. READ MORE>>.