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Who's In Southern California's Unicorn Club?

socalTECH

The list of technology startups in Southern California who are "unicorns"--valued at more than $1 billion--surprisingly, might not be who you think, and in the sectors you might expect. Did we miss your favorite Southern California unicorn? Cylance (www.cylance.com). Send tips our way at info@socaltech.com!

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Angeles Equity Partners Buys APCT

socalTECH

Financial details of the acquisition were not announced by the companies. According to the two companies, the investment in APCT will go towards accelerating profitable growth at APCT, including for "bolt-on" acquisitions and expanding global production capabilities. READ MORE>>.

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Welltok, Backed By Trio Of Socal Investors, Buys Mindbloom

socalTECH

Welltok is backed by a trio of Southern California investors, including Qualcomm Ventures, Miramar Venture Partners, and Okapi Venture Capital. Welltok''s CEO, Jeff Margolis, founded health management firm TriZetto in Orange County, and later sold TriZetto to Apax Partners in a huge, $1.4 billion deal in 2008.

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Orange County Private Equity

SoCal Tech Calendar

Tuesday, October 21, 2008 -- Orange County Private Equity - Alive and Thriving During Turbulent Times! Orange County Venture Group. Hear from Orange County's leading private equity players. See [link] (more).

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Science Taps Peter Pham As Partner

socalTECH

Pham, a SoCal native best known for his roles at Photobucket, Billshrink, and Color, will focus on marketing and business development for Science. Pham was a critical piece of the acquisition of Photobucket for $300M by Fox interactive Media. Pham was most recently Entrepreneur-in-Residence for Trinity Ventures. READ MORE>>.

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Private Equity Firm Puts Epicor Software On Market

socalTECH

Epicor Software , the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. Epicor still has operations through Southern California, including in Irvine, and San Diego. Apax paid $976M for Epicor back in 2011.

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Samsung Electronics Buys Dacor

socalTECH

-based arm of Samsung Electronics, said late Wednesday that it is acquiring luxury home appliance maker Dacor , which is based in Southern California. Financial terms of the acquisition were not announced. Dacor is based in Industry, California, which encompasses parts of Los Angeles, Orange County, and the Inland Empire.