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BitVore Finds $4.5M For Big Data Software

socalTECH

Irvine-based Bitvore , a startup developing big data and intelligence-gathering software which pulls information from both public and private data sources for businesses, said this morning that it has closed a $4.5M, Series A funding round. The funding was led by serial entreprenur Yuri Pikover, as well as $1M from crowdfunding. READ MORE>>.

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SOA Software Names VP

socalTECH

Los Angeles-based SOA Software , the developer of enterprise SOA software, announced today that it has tapped IBM vet Corey Scobie as its new Vice President Technology. SOA said that Scobie will join its senior technology development group.

Software 150
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Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

Xconomy

In some ways, the biggest software acquisition of all time could be a yawner. IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm.

IBM 100
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Bitvore Brings Latest Funding Round To $14.2M

socalTECH

The company's platform is based on artificial intelligence gathering, with tools which automatically pick up important things like merger and acquisitions, financial updates, legal issues, executive turnover, and many other factors. The company's President, Jeff Curie, was also an executive at Access360, IBM, and SupplyFrame.

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Lantern Credit Buys Machine Learning Technology

socalTECH

Newport Beach-based Lantern Credit , a fintech startup focused on the consumer credit market, said this morning that it has acquired a set of software used for machine learning. Financial details of the acquisition were not announced. READ MORE>>.

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Avalon Ventures Gets Exit At Cloudant

socalTECH

San Diego-based venture investor Avalon Ventures has scored an exit this morning, after IBM said it has acquired Boston-based Cloudant , a developer of a NoSQL-based, cloud-based database. cloudant venture capital merger acquisition exit cloud software nosql database' Financial terms of the buy were not disclosed. in funding.

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Cornerstone OnDemand Chops Sales Staff, Shuffles Sales Head

socalTECH

Santa Monica-based Cornerstone OnDemand , which develops human capital management and employee learning software, has cut its sales head count, and shuffled its sales and services organizations, the company said late Wednesday. com, SAP, and IBM. It also named Jeff Lautenbach as President of Global Field Operations. READ MORE>>.