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Diversis Capital Backs SalesRabbit, Eyes Acquisitions

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah. The company is based in Utah.

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Platinum Equity Sells Verra Mobility To Gores For $2.4 Billion

socalTECH

Los Angeles-based private equity investor Platinum Equity says it is selling one of its portfolio companies, Verra Mobility , to The Gores Group , in a deal worth approximately $2.4 According to Platinum, the sale will create a new, publicly listed company, via a plan of merger with Gores Holdings II, Inc., READ MORE>>.

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Purch Acquires ShopSavvy For Mobile Shopping Apps

socalTECH

Purch , the online publishing company which owns Tom's Guide, Space.com, TopTenReviews, LAPTOP, and a number of other online properties, has acquired mobile shopping app developer ShopSavvy. Financial terms of the acquisition were not disclosed.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

The latest investment is being used to finance the acquisition of another company in the space — Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos. The acquisition of Appetize extends SpotOn’s reach to the enterprise space in a major way.

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Rubicon Project Goes Mobile

socalTECH

Los Angeles-based Rubicon Project , the online advertising optimization firm headed by Frank Addante, has launched an offering for the mobile advertising market, the company said this morning. Rubicon said its new REVV for Mobile product helps publishers to sell mobile ad inventory, through both direct and indirect sales channels.

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Twistory Entertainment Being Sold In Asset Sale

socalTECH

Santa Monica-based Twistory Entertainment Studios , which had been a mobile game development and graphic novel design company, is being sold in an asset sale, according to auction company CMA Auctions. Twistory Entertainment was founded in 2009, and had developed Ouch! READ MORE>>.

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Interview With Mike Mothner, Wpromote On Growth, Acquisitions

socalTECH

Mike Mothner: The business today, is we are a digital agency focused on customer acquisition and growth for businesses of all types. Mike Mothner: With the acquisition of Standing Dog, which technically closed today, that added about 75 people to bring us to 260 employees. What has helped you grow to the size where you are now?