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EcoATM Parent Outerwall Acquired By Private Equity Investor

socalTECH

Outerwall , the parent company of San Diego's EcoATM , has agreed to a private equity buyout by Apollo Global Management , about five months after Outerwall launched an effort to find a buyer. It's unclear what the private equity acquisition means for EcoATM's San Diego operations. Outerwall also owns Redbox and Coinstar.

Equity 100
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Equity for Early Employees in Early Stage Startups

SoCal CTO

I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. Founders are likely not paid for a long time and have a sizeable equity percentage for early risk and having the concept. Same Value for Sweat Equity as Investment Dollars? n = (1.2 - 1)/1.2 =.167.

Equity 391
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Hulu Entertaining At Least Five Bidders, Says Report

socalTECH

Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. hulu streaming video merger acquisition content hollywood' READ MORE>>.

Hulu 147
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Clearlake's Ivanti Gobbles Up Concorde Solutions

socalTECH

Ivanti , the IT automation software developer owned by Santa Monica-based private equity investor Clearlake Capital , announced this morning that it has acquired Concorde Solutions , a developer of software asset management (SAM) software-as-a-service. Financial terms of the acquisition were not announced.

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Clearlake Capital Sells Pomeroy To Getronics

socalTECH

Santa Monica-based private equity investor Clearlake Capital said this morning that it has sold one of its portfolio companies, Pomeroy Group Holdings , to an affiliate of Getronics Group. Financial details of the acquisition were not announced. Clearlake has owned Pomeroy Group Holdings for the last five years.

Capital 113
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How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer

socalTECH

One of the few local funds to recently raise a fund is TVC Capital (www.tvccapital.com), which just closed TVC Capital II, a $75 million growth equity and buyout fund. Jeb Spencer: We consider ourselves a private equity firm. We are focused on the investment in and acquisition of software firms that are generating $2.5M

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Synoptek Acquires Earthlink's IT Services Business

socalTECH

Irvine-based Synoptek , a managed services provider backed by private equity investors, said Monday that it has acquired EarthLink's IT Services business. Financial details of the acquisition were not disclosed.

Services 100