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Omnitracs Acquires XRS Corporation

socalTECH

San Diego-based Omnitracs , the developer of fleet management products and services for the transportation and logistics market, said this morning that it has agreed to acquire XRS Corporation , a fellow developer of fleet optimization software. omnitracs corporation merger acquisition fleet logistics' The deal was worth $178M.

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GRP Portfolio Firm Qualys Files For IPO

socalTECH

One of the portfolio companies of Los Angeles-based venture capital firm GRP Partners has filed for an IPO, according to a filing with the SEC late Friday. Silicon Valley based enterprise security and compliance software firm Qualys said it is looking to raise up to $100M in its IPO, trading as QYLS. GRP Partners owns around 10.94