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Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program

TechCrunch LA

In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA.

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OpenGate Capital Acquires InRule Technology

socalTECH

Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Chicago-based InRule Technology , a developer of decision management and business rules management software. Financial terms of the acquisition were not announced. READ MORE>>.

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Vincente Capital Partners Sells Intellectual Technology, Inc.

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Los Angeles-based private equity investor Vincente Capital Partners announced on Tuesday that it has sold Carlsbad-based Intellectual Technology, Inc. , a developer of software for motor vehicle agencies (DMVs), to Arlington Capital Partners. Vincente Capital acquired ITI in November of 2012.

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Atar Capital Buys Canadian Technology Distributor Microcel

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Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. Atar Capital is led by founder and Managing Partner Cyrus Nikou. Microcel represents such vendors as GoalZero, Polk, Belkin, fitbit and Logitech, and was founded in 1989.

Capital 140
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Verizon names Los Angeles as the second of four cities to receive 5G rollout before 2019

TechCrunch LA

My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology. McAdam also named Los Angeles as the second of four cities that will receive 5G rollout from Verizon.

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Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch LA

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. billion, active in the real estate industry in Los Angeles. million in financing to support the buildout of its services and sales teams to manage clients.

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Los Angeles VC's Launch Internship Effort In Diversity Bid, Deadline Friday

socalTECH

Los Angeles area venture capitalists have launched a new internship effort, in a bid to help diversify their ranks, according to PledgeLA , a coalition of local venture capital and technology companies. Deadline to apply for the internship is coming up rapidly, and is May 19th. READ MORE>>.