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Los Angeles- and New York-based Vcorp Services , the provider of business formation and other corporate legal services, has been acquired by Wolters Kluwer Governance, Risk & Compliance , a Netherlands-based provider of risk and compliance services. Financial details of the acquisition were not announced.
Marina del Rey-based phone verification and user authentication service TeleSign is now officially part of BICS , after the official close of the acquisition, BICS said today. The deal was originally announced in April. TeleSign will continue to be run by CEO Aled Miles.
Photo by Vanna Phon on Unsplash Customer acquisition is the lifeblood of many startups from e-commerce to gaming to marketplace companies, among others. But if you ask anyone in the ecosystem of customer acquisition?—?founders, and you’ll hear the same thing: customer acquisition (CAC) is getting harder and more expensive.
Carlsbad-based satellite communications and equipment provider Viasat said Friday that it has completed its acquisition of Rignet, a provider of high speed communications services to the oil and gas and other similar industries. The deal was worth approximately $222M in stock.
Simi Valley-based Aerovironment said yesterday that it has completed the $405M acquisition of Arcturus UAV, a designer and manufacturer of high performance, unmanned aircraft systems (UAS). The deal had originally been announced on January 13th.
Santa Barbara-based QAD, which develops software for the manufacturing sector, said Tuesday afternoon that it has completed its acquisition of Allocation Network GmbH. Financial terms of the acquisition were not announced. Allocation Network GmbH was based in Munich, Germany. QAD is led by CEo Anton Chilton.
El Segundo-based Stamps.com, which provides e-commerce shipping and online postage services, said last week that its stockholders approved a merger with private equity investor Thoma Bravo. The company said the acquisition is expected to close this week. The deal calls for Stamps.com stockholders to receive $330.00 billion in cash.
(Romeo Power) has raised new funding from recycling and solid waste company Republic Services. According to Romeo Power, Republic Services has exercised its option to acquire additional shares of Class A common stock in RMG Acquisition Corp. Romeo Power is in the midst of an acquisition by RMG Acquisition Corp.,
One of my company CEO’s recently described his rule for acquisition success, and it resonated with me as a great goal for planning during acquisition exercises. This CEO states that he has made it work twice when acquiring companies, and that is enough for him to make it his rule for all future acquisitions.
San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Financial details of the acquisition were not announced. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs.
Selz, run by a team of around 50 in Sydney, Australia, bills itself as a one-stop-shop for small businesses to start selling products and services online. Many have seen the acquisition as an attempt to fight back against Shopify's rampant growth during the coronavirus pandemic. The Amazon/Selz Acquisition. Service Sales.
And n ow, even with the economy continuing to collapse, the company is on the prowl for new acquisitions and expects to spend tens of millions of dollars on new deals. The company recently acquired PlayerFM , a podcast discovery service, for an undisclosed amount to expand its footprint in the podcast space. ”
Los Angeles-based movie ticketing and movie streaming company Fandango is acquiring the Vudu on-demand video streaming service from Walmart , according to a notice from Vudu on its website. Financial terms of the acquisition were not announced.
TikTok , the fast-growing user-generated video app from China’s Bytedance, has been building a new music streaming service to compete against the likes of Spotify, Apple Music and Amazon Music. Specifically, a source close to TikTok has confirmed to TechCrunch that this Merlin deal covers its upcoming music subscription service Resso.
He had an idea for a startup that would help consumers better book service jobs and would take on Service Magic, which he believed had a business model that could be disrupted. RedBeacon went on to sell to HomeDepot in what was considered a very successful acquisition on all sides. The company was called Red Beacon. Nice sweep!
Financial details of the four acquisition, which all closed in the first quarter of 2019, were not announced. j2 Global said the acquisition will help it grow its global customer base, provide it with access to new markets, and will expand its product lineup.
La Jolla-based GoSecure, a provider of managed security services, said today that it has acquired Covail, a security and risk optimization and automation company. Financial terms of the acquisition were not announced. GoSecure said it will use Covail's expertise in artificial intelligence (AI) to augment its platform.
the owner of streaming services like Slacker Radio, LiveXLive and PodcastOne, is making a foray into the gaming business with a newly launched subsidiary called GamifyOne. Beverly Hills-based LiveOne Inc.,
Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. Financial terms of the acquisition were not announced.
Los Angeles-based j2 Global , the online services and publishing giant, reported on Monday that its Q1 2018 quarterly revenues grew to $280.6 According to j2 Global, it ended the quarter with approximately $400M in cash and investments, after spending around $100M for acquisition and its regular quarterly dividend. million, a 10.2
Newton said his vertical SaaS company helps legal professionals be more productive, grow their firms and “make legal services more accessible.” While change has been gradual, COVID-19 forced lawyers to fundamentally reevaluate how they run their law firms and how they deliver legal services to their clients, Newton said.
Back when we were all trying to figure out the real value of traffic on the web, investors – and acquiring companies – got a bit crazy with metrics used to value acquisitions and investments. per registered user of ICQ, the early messaging service. Remembering the insanity before 2000. Remembering the insanity before 2000.
Beverly Hills-based Livestream , a provider of online live video broadcasting tools, has been acquired by online video service Vimeo , Vimeo announced on Tuesday. Financial terms of the acquisition were not announced. Vimeo is owned by IAC. Livestream had raised around $14.7M and others.
Now the city’s enterprise tech scene can claim a really big winner with Signal Sciences , the security monitoring and management company that is getting bought by Fastly , a provider of content delivery networking services, for $775 million. Fastly was founded to meet developers’ need for greater visibility and control.
NextGen Healthcare said it expects the acquisition to close in early December 2019. As part of the acquisition deal, NextGen Healthcare said that Medfusion is transferring its data services business, Greenlight Health, out of the company before the acquisition. NextGen said the deal will help it expand its market reach.
The Scoot Moped — an electric moped born out of Bird’s acquisition of Scoot — will launch in Austin five months after unveiling the shared micromobility vehicle. Bird first unveiled the Scoot Moped in October following its acquisition of Scoot. Initially the mopeds were piloted in Los Angeles, according to Bird.
Los Angeles-based commercial real estate services giant CBRE Group announced this morning that it has acquired UK-based Romonet Limited , a provider of software, technology, and consulting services for the large global data center market. Financial details of the acquisition were not announced. READ MORE>>.
San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Axos Financial said the acquisition would be immaterial to its finances.
Los Angeles-based Reliam , which provides managed services to help companies manage their operation on public cloud services like Amazon Web Services, has received a $75M commitment from private equity investor Great Hill Partners.
If fixed expenses, especially payroll, are paid out before cash is received from services or shipments, the company is financing its growth with ever-increasing working capital needs. A fast-growing but undercapitalized company is not highly valued in an acquisition. Running out of money is not always synonymous with “going broke”.
Los Angeles-based j2 Global , which owns a large portfolio of Internet services, including such services as eFax, eVoice, Campaigner, Livedrive, as well as online media outlets like IGN, Mashable, PCMag, Everyday Health, and others, has acquired five more companies. Financial details of the acquisition were not announced by j2.
We spent a year (2012-2013) building a merchant acquisition machine and all of the systems to support bookings, calendar integrations, location services, etc. We’re betting that MyTime can bring you the advantages of OpenTable to every other type of service business. I’d love to get some feedback.
LA saw its first big enterprise exit in recent memory with the recent acquisition of Signal Sciences for $775 million, and less than a month later a hometown startup, Britive has raised $5.4 It seems Los Angeles is becoming an enterprise software hotspot. LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M.
ServiceNow , the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI , a developer of conversational AI tools. ServiceNow said it expects to complete the acquisition by the end of Q1. Financial details of the buy were not announced.
has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets. Glendale-based ServiceTitan Inc.
Los Angeles-based Internet services and publishing giant j2 Global has acquired two companies, saying this morning that it acquired Ekahau , a company in the digital media space, and Castle Connolly , a company in the digital media and healthcare industry.
Los Angeles-based Interlaced.io, a managed IT services provider, said last week that it has acquired Three18, another local managed IT services company, also based in LA. FInancial terms of the acquisition were not announced. Interlaced said the buy is the first for the company, but that is is pursuing other acquisitions.
Culver City-based Clutter , which operates a technology-enabled, self storage service which picks up, stores, and retrieves your excess stuff on demand, has acquired an operator of self storage services in the New York market, The Storage Fox.
Los Angeles-based IT consulting, advisory, and project management service provider T2 Tech Group says it has acquired the patient access and scheduling services division from Revint Solutions. Financial terms of the buy were not announced. READ MORE>>.
Los Angeles-based J2 Global is looking to raise $500M in convertible debt from institutinoal buyers, the company said late Monday, to pay off an existing senior secured credit facility and for general corporate purposes, possibly including acquisitions. According to J2 Global, the new convertible senior notes will be due in 2026.
Irvine-based YouMail has acquired PhoneTag , a direct-to-consumer voicemail service, the company announced on Tuesday. PhoneTag was founded in 2003, and offers up voicemail transcription services directly to consumers. According to YouMail, it now has PhoneTag's service running on its own platform.
Financial details of the acquisition were not announced. OpenNMS is a developer of open soure, network monitoring tools; NantHealth explained the acquisition will expand and diversify its software portfolio and service offering. NantHealth said that OpenNMS will operate as a subsidiary of NantHealth.
Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software.
Paso Robles-based SensibleIoT, a software developer which develops Internet-of-Things (IoT) software, has been acquired by Montrose Environmental Group, an environmental services company with more than 2,000 employees. Financial terms of the acquisition were not announced. SensibleIoT was founded in 2018 by Charles Beach.
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