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NEOGOV Merges With PowerDMS

socalTECH

El Segundo-based NEOGOV , which develops human resources software for the public sector, says it has agreed to merge with PowerDMS , a developer of cloud-based compliance software. PowerDMS develops compliance software used to track compliance with politics, training, and industry standards. READ MORE>>.

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International Rectifier Completes CHiL Semiconductor Acquisition

socalTECH

El Segundo-based International Rectifier said Monday afternoon that it has completed its acquisition of CHiL Semiconductor Corporation. The deal had been announced February 25th, and was worth $75M in cash.

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NEOGOV Finds Funding From Carlyle, Warburg Pincus

socalTECH

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. The company was founded in 2000.

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International Rectifier Acquired By Infineon In $3 Billion Deal

socalTECH

El Segundo-based International Rectifier , the developer of power conversion semiconductors, has been acquired by Infineon , in a deal worth $3 billion in cash. Infineon said the deal would help bolster its expertise in compound semiconductors and drive greater economies of scale in production. READ MORE>>.

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International Rectifier Gets $100M In Credit Facility

socalTECH

El Segundo-based integrated circuit maker International Rectifier said this morning that it has raised $100M in four year, senior unsecured credit facility. The company said the facility will go towards working capital, acquisition, stock repurchases, and other general corporate use. READ MORE>>.

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Infrascale Raises $16.3M, Acquires Eversync

socalTECH

El Segundo-based Infrascale , which provides cloud-based data backup, disaster recovery, archiving, and other services, said today that it has raised $16.3M in a Series B funding, and also acquired EverSync, a developer of cloud-based backup appliances. The funding came from Carrick Capital Partners. READ MORE>>.

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Stamps.com Buys ShippingEasy

socalTECH

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. Stamps.com said it would pay $55M in cash for ShippingEasy, which was based in Austin, Texas.