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Shackleton Equity Partners Buys SafeHarbor

socalTECH

Beverly Hills-based private equity firm Shackleton Advisors announced today that it has acquired SafeHarbor Technology , a Seattle-based provider of software for managing inbound telephone, email, and chat requests. Tags: shackleton equity partners private safeharbor merger acquisition software.

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Platinum Equity Bumps Offer For Electro Rent To $382M

socalTECH

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal. per share offer.

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Flywheel Expands Into Los Angeles, Ramps Up Taxi vs. Rideshare Battle

socalTECH

The app developer--which recently raised some funding from local Los Angeles investor Craton Equity Partners--develops software which essentially provides Uber-like smartphone functionality to any taxicab company. Flywheel''s service is available across LA except Santa Monica and Beverly Hills. READ MORE>>.

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LA-based Boulevard raises $27 million for its spa management software

TechCrunch LA

They spoke with salon owners in Beverly Hills, Hollywood and other trendy neighborhoods trying to get a sense of where software and services were falling short. billion transaction by Vista Equity Partners. The two spent months pounding the pavement in Los Angeles pretending to be college students doing research on the industry.

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Spark Networks Rejects Buyout Offer

socalTECH

Beverly Hills-based online dating operator Spark Networks said late Tuesday that it has rejected the bid from Great Hill Equity Partners, III, to purchase the firm. Great Hill had made an unsolicited bid for Spark in early March, saying it would pay $3.10

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Snowball Factory Raises Funding

socalTECH

Beverly Hills-based The Snowball Factory , the developer of Awe.sm , a URL shortener for domains, and tweetpo.st , software for updating Facebook from Twitter, has raised $562,600 in an equity funding round, according to a regulatory filing from the firm Tuesday. Source of the funding was not disclosed.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.