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IPO Slowdown? Not For This Market: Santa Barbara

socalTECH

Amid hand wringing about an IPO slowdown in 2015, there's one shining region which had a banner IPO and acquisition year last year: Santa Barbara. billion for that company, acquisition at Dun & Bradstreet Credibility Corp. There were five exits north of $100.0M along the Central Coast, including three IPOs.

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Interview with Elizabeth Cholawsky, HG Data

socalTECH

For this morning's interview, we caught up with Elizabeth Cholawsky , the new CEO of Santa Barbara-based HG Data (www.hgdata.com), which develops software which helps marketers and salespeople understand the "technology stack" of their potential customers and prospects. Elizabeth Cholawsky: I never lost my ties to Santa Barbara.

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Ansible Acquired By Red Hat For Around $100M

socalTECH

Santa Barbara-based Ansible > , a developer of IT automation software, has been acquireed by Red Hat , to help bolster Red Hat's management capabilities for hybrid and OpenStack clouds, and container-based services. Financial terms of the buy were not disclosed, however, reports say the deal was worth around $100M.

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Citrix Sets January Date For GoTo Spinoff

socalTECH

That business--headquartered in Santa Barbara--will become a separate subsidiary called GetGo , which will merge with a subsidairy of LogMeIn. Citrix develops GoToMeeting, GoToMyPC, GoToAssist, and other related products as part of that business, all of which were originally created by ExpertCity in Santa Barbara.

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FindTheBest Takes On Car Classifieds

socalTECH

The Santa Barbara startup said the entry into the classified market allows users to shop for cars by type, make, model, year, mileage, and color. The startup is tapping listings from GetAuto, which it says has a national database of about 400,000 cars for sale from dealers. READ MORE>>.

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Some Quick Thoughts on Exits for Technology Startups

Both Sides of the Table

Later today I’m presenting at the annual Rincon Ventures Summit in Santa Barbara. I speak privately a lot about getting an exit at a startup. I haven’t spoken publicly about it much but since Rincon asked – I agreed. They say the same about VC. Both can hurt you in an acquisition.

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Yardi Buys Another Service Provider

socalTECH

Santa Barbara-based Yardi , which develops real estate and property management software, has acquired another firm, saying Thursday tht it has acquired the Multifamily Services Group (MSG) unit of ista North America. Financial terms of the acquisition were not disclosed. The unit has employees in Alpharetta, Ga.,

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