socalTECH

MAY 17, 2012

A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. Now it appears that the firm is looking to pivot its model, and looking to figure out a better customer acquisition model. READ MORE>>.

Layoffs 187

Layoffs Santa Monica Acquisition Report 187

socalTECH

JANUARY 24, 2013

Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. READ MORE>>.

THQ 153

THQ Sales Agoura Hills Agoura 153

Berkonomics

SEPTEMBER 24, 2015

Usually leading up to the time positive cash flow is initially reached, the management team is not taking a market wage, payables are stretched, and any slowing of receivables collections would likely cause layoffs. So, rarely will this strategy or outcome enable investors to reap their target in a sale.

Layoffs 120

Layoffs Sales Acquisition Startup 120

socalTECH

DECEMBER 12, 2008

in the fourth quarter for the layoffs, including severance for Riesenbach. The firm also reiterated its interest in a sale; the firm said it is still pursuing "strategic alternatives" with RBC Capital Markets. The firm will take a charge of $4.5M

Layoffs 100

Layoffs Sales Invest Capital 100

socalTECH

JANUARY 17, 2011

In addition to the sale, Kofax said it is taking a charge of $2.6M Irvine-based Kofax , a provider of document management software and hardware, said Sunday that it is selling its hardware business to a German private equity firm, and cutting staff.

Equity 145

Equity Software Sales Layoffs 145

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC.

Demand 100

Demand Los Angeles Sales Invest 100