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BlackLine Systems Gets Investment From Silver Lake Sumeru

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Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm Silver Lake Sumeru. As part of the investment, Silver Lake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.

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FanMix Spins Out Of SocialEngine

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Fanmix , a startup developing "social inbox" software to manage a user's social conversations on Twitter, Facebook, LinkedIn, blogs, comment threads, and elsewhere, has spun out of Los Angeles-based Social Engine , according to Social Engine co-founder and new FanMix head Charlotte Genevier. READ MORE>>.

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Payvia, Mobile-XL Partner On Mobile Payments

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Los Angeles-based Payvia , which is developing mobile payment technology, and Mobile-XL , which develops software for providing access to digital services to people in Africa and India, are in a partnership, the companies said this morning. Financial arrangements between the companies were not announced. and Trinity Ventures. READ MORE>>.

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The Sugar Lab Acquired By 3D Systems

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Los Angeles-based startup The Sugar Lab , which was developing technology to print edible, 3D designs with sugar, has been acquired by 3D Systems. The Sugar Lab was founded by Kyle and Liz von Hasseln, and was based in Silver Lake. Financial terms of the acquisition wer enot disclosed. READ MORE>>.

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payvia Buys Mogreet

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Los Angeles-based mobile carrier billing service Payvia has acquired fellow Los Angeles firm Mogreet , the two companies said this morning. Payvia is venture backed by Silver Lake Sumeru, Montgomery & Co., Payvia is venture backed by Silver Lake Sumeru, Montgomery & Co., and Trinity Ventures.

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Spotify Heads To LA To Promote Music Service

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Online music service Spotify has chosen to kick off a live music tour to promote its service, next week in Los Angeles, according to a report today from Mashable. The tour is apparently set to start on Wednesday, August 8th in Silver Lake, with a concert from YACHT and The Henry Clay People.

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Hulu Entertaining At Least Five Bidders, Says Report

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Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. READ MORE>>. hulu streaming video merger acquisition content hollywood'

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