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In what is a huge blow to Silicon Beach, SantaMonica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks--and Paige Craig--have been one of the companies driving the growth in SantaMonica's Silicon Beach.
SantaMonica-based private equity firm Clearlake Capital has completed the acquisition of the North American Rental and Tubular Services divisions of Archer Limited, the firm said today. irongate archer tubular acquisition merger capital clearlake' The new company will be renamed IronGate Energy Services. READ MORE>>.
Goodreads , the online book review and social networking site which started in SantaMonica, represents the heart of a battle between giants Amazon.com and Apple , according to a report Thursday: who will become the keeper of your digital goods? goodreads amazon merger acquisition book review community reviews amzn apple itunes'
Neohire South is a recruiting company with offices in SantaMonica and Tarzana, RockIT Recruiting is a tech recruiting company based in San Francisco, and Hero.jobs is a recuiting software company based in SantaMonica. Financial details of the acquisitions were not announced.
SantaMonica-based Unsubscribe.com , the startup headed by James Siminoff, which helped consumers unsubscribe from unwanted email, has been acquired by TrustedID. TrustedID, which provides credit and identity protection services, announced the acquisition on Tuesday afternoon, but did not disclose financial terms of the buy.
Adconion said that the acquisition will "significantly strengthen" its position in online video. According to Adconion, it will use the acquisition to help solidify its video advertising business, Joost, which is headquartered in SantaMonica. Financial terms of the buy were not disclosed.
SantaMonica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. Financial details of the acquisition were not announced. Inspire offers up renewable energy subscriptions to customers.
A new, SantaMonica startup, CampaignEQ , is hoping to help marketers better attribute increases in mobile customers and traffic to their marketing campaigns, with a new product. Belk was previously Head of Product at Beachmint, and was the company''s first employee; McGregor was Beachmint''s Dierctor of Acquisition.
SantaMonica-based Docstoc , which is led by Jason Nazar, has been acquired by Intuit, the companies said this morning. documents business acquisition merger intuit docstoc' Financial details of the buy were not announced, however, the buy apparently was worth around $50M, according to various reports and sources. READ MORE>>.
It looks like Apple Computer is in the midst of pruning away staff over at SantaMonica-based Beats , two months after it acquired both Beats Electronics and Beats Music for $3 billion. Apparently, Apple is moving many employees to Cupertino, although it will continue to operate out of Beats'' SantaMonica offices.
North Carolina-based Dex One , the current owner of SantaMonica-based Business.com , said this week that it is shutting down Business.com, and realigning those operations, merging them into its current business. The firm did not say how the shutdown will affect the SantaMonica operations of Business.com. READ MORE>>.
SantaMonica-based DocStoc , the online small business information and document site headed by Jason Nazar, has acquired a New York company called BestVendor , the two announced today. Financial details of the acquisition were not announced. docstoc bestvendor merger acquisition document small business resource jason nazar'
SantaMonica-based private equity investor Clearlake Capital said it has completed its acquisition of secure cloud-based document management software developer NetDocuments. Financial details of the acquisition were not announced.
SantaMOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. demand media saatchi sean moriarty executive merger acquisition' to $1M per quarter to the company. READ MORE>>.
SantaMonica-based Tapatalk , which develops mobile community software apps used heavily by online forums, has acquired Panjo , a marketplace for gear for auto, sport, and hobby enthusiasts. Financial details of the acquisition were not announced. Tapatalk said the deal was for cash and stock.
SantaMonica-based videogame developer Activision Blizzard said late Friday that it has completed its acquisition of its shares from Vivendi, in a deal worth approximately $5.83 videogames videogame buyout vivendi acquisition merger blizzard activision' The company said it paid $13.60 per share in cash from Vivendi.
SantaMonica-based Leaf Group , the publicly traded consumer Internet company best known for running such sites as Saatchi Art, Society6, EHow, and Livestrong, said it is looking to offer and sell approximately $22M in shares of its common stock. Leaf Group says it does not have any specific acquisitions in mind. READ MORE>>.
It looks like the sale of book review and community Goodreads was worth between $150M to $200M, according to a report form AllThingsD Friday, potentially making the acquisition one of the better returns on capital from a Southern California technology startup in recent years.
In what looks to be a banner year for IPO filings for Southern California, SantaMonica-based Cornerstone OnDemand filed for an IPO this morning, saying that it is looking to raise up to $115M in an IPO. Tags: software saas exit acquisition merger ondemand cornerston. The IPO is being underwritten by Goldman, Sachs & Co.,
SantaMonica-based ServiceMesh , the developer of enterprise, cloud management tools headed by Eric Pulier, has been acquired by CSC , the two said late Wednesday afternoon. Financial terms of the acquisition were not disclosed. servicemesh merger acquisition eric pulier software enterprise cloud saas' READ MORE>>.
A report today from PandoDaily said that SantaMonica-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>>.
How much is SantaMonica-based Mahalo worth? In a list of 10 acquisitions he suggested Yahoo make "on day one", Calacanis--not one to shy from self promotion--said that Yahoo could acquire Mahalo for $75M to $150M, with a chance of closing a deal at greater than 50%. According to Jason Calacanis , in a blog post, $75M to $150M.
SantaMonica-based Activision said this morning that it has completed its acquisition of King Digital Entertainment. The deal was worth $5.9 billion, and was first announced in November. Activision paid $18.00 per share in cash for King. Activision said it expects to boost its revenues in 2016 to $6.25
SantaMonica-based investor Clearlake Capital said today that it is behind a deal where HEAT Software will acquire the Absolute Manage and Absolute Service businesses from Absolute Software Corporation. Financial terms of the acquisition were not disclosed.
SantaMonica-based Demand Media said this morning it has expanded into the online learning market, and has acquired Creativebug , an online site which provides educational videos around art and carft instruction. Financial details of the acquisition were not disclosed.
Los Angeles business accelerator program upStart.LA , one of numerous startup acceleration and incubation efforts to start in the last year in Southern California, is merging with a startup in SantaMonica, Cross Campus. According to a note to supporters form upStart.LA Cross Campus was founded by Ronen Olshansky and others.
The European Commission said today that it has given approval to Apple Computer ''s acquisition of SantaMonica-based Beats Electronics. beats electronics europe regulator merger acquisition music streaming appl apple' The European Commission said that the move did not raise any competition concerns for the regulator.
SantaMonica-based TrueCar , the online new car pricing and buying site, jumped in its IPO Friday morning, trading up 16 percent in early trading this morning. truecar southern california technology exit merger acquisition true' per share, up around 16 percent over its pricing at $9.00 per share late last night. READ MORE>>.
Who were the biggest winners in the successful IPO of SantaMonica-based Rubicon Project ? rubicon project merger acquisition clearstone news mayfield winners frank addante' Based on Rubicon''s current price (around $19.24
SantaMonica-based Cornerstone OnDemand , which develops online learning and talent management software, said Wednesday morning that it expects its IPO to price between $9.00 and $11.00 The firm is looking to list on the NASDAQ Global Market as CSOD. Cornerstone OnDemand is selling 10.5
SantaMonica-based Spanish language media company Entravision Communications --which owns television, radio, and online media focused on the Latino market--said earlier this week that it has acquired online advertising company Pulpo Media. pulpo media entravision merger acquisition television radio online advertising siemer'
SantaMonica-based technology incubator and studio Science has added technology veteran Jason Rapp to its team. He also served at IAC Corporation, where he was CEO of Gifts.com and headed up mergers and acquisitions. Rapp also has served at the New York Times, along with other companies.
SantaMonica-based online publisher Demand Media said Tuesday afternoon that it has entered into a new, $225M credit facility, split between a $125M revolving credit facility and a $100M term loan. demand media credit facility financing venture capital merger acquisition' READ MORE>>.
SantaMonica-based TrueCar , the automotive pricing website headed by Scott Painter, said this morning that it has raised $200M in new debt and equity financing, plus acquired a company. Financial terms of that acquisition were not disclosed. TrueCar said the debt portion of the round comes from Silicon Valley Bank.
Viewdle , a developer of computer vision technology which is venture backed by Anthem Ventures and Qualcomm, among others, is in the midst of an acquisition by Google , according to reports today. TechCrunch said the acquisition is worth around $30M. The original report came via Forbes, with followup from TechCrunch.
SantaMonica-based Gravity , the real-time, personalization software developer led by Amit Kapur, has been acquired by AOL , in a deal worth $83M, plus $7.7M gravity merger acquisition content personalization software exit' in earnout. in total funding. in total funding. READ MORE>>.
SantaMonica-based startup accelerator MuckerLab unveiled its latest class of startups yesterday at its Demo Day, showing off the third class of companies out of its program. Muckerlab said it previous, 18 portfolio companies have now raised over $40M to date from venture investors.
SantaMonica-based Demand Media has acquired Society6 , an online e-commerce marketplace centered around artists, the company announced Monday afternoon, as part of an effort to expand its content and media platform. artist acquisition merger marketplace ecommerce society6 media demand' READ MORE>>.
My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the SantaMonica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market.
SantaMonica-based The Rubicon Project , which develops ad optimization technology and operates a related online advertising exchange, closed up 33.60% at $20.04 rubicon project merger acquisition exit oculusvr oculus facebook maker studios' Rubicon was venture backed by Clearstone Ventures, News Corp., and Mayfield.
SantaMonica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The company said the growth in revenues came from "strong growth" on its owned & operated content and media properties, plus its acquisition of Creativebug, the arts and crafts instruction site.
AOL committed to keeping the team in LA after the acquisition and in building a deeper technology team in town. Burstly is a SantaMonica-based team that I also proudly funded. This is a great result for our town and I have much respect for the accomplishments of Amit, Jim & Steve and the whole team.
In a move that might not surprise many in Southern California''s music and technology world, SantaMonica-based Beats Music said this morning that it has acquired Topspin Music , the music marketing startup which was--until recently--run by Beats Music'' CEO Ian Rogers. Financial terms of the buy were not disclosed. READ MORE>>.
SantaMonica-based videogame publisher Activision Blizzard announced late Wednesday that Vivendi S.A. activision vivendi blizzard sale finance stock merger acquisition' is planning to sell 41,499,689 shares of Activision Blizzard common stock, in a public offering. READ MORE>>.
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