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Clearlake Capital's Provation Medical Acquires MD-Reports

socalTECH

Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical , has acquired MD-Reports , a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced.

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Raken Gets $2M For Construction Reporting Software

socalTECH

San Diego-based Raken has raised $2M in a funding round, for the company's construction reporting and compliance software. The funding was led by Rincon Venture Partners , and also included Eniac Ventures and Spider Capital. Raken is led and was co-founded by CEO Kyle Slager and CTO/CPO Dr. Sergey Sundukovskiy.

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Report: Clearlake Capital Seeks To Sell Perforce

socalTECH

Santa Monica-based private equity investor Clearlake Capital is hoping to sell one of its portfolio companies, Perforce Software , for around $2 billion, according to a report from Bloomberg over the weekend. Perforce has been owned by Clearlake Capital since January of 2018. READ MORE>>.

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Clearlake Capital Sells Provation

socalTECH

Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

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Playing the Long Game in Venture Capital

Both Sides of the Table

This is true in consumer but it’s also true in enterprise software. The abundance of late-stage capital is good for us all. Today they announced that they acquired a large competitor in their space for what is reported to be a $100 million transaction. Interim liquidity plus long-term capital gains work really, really well.

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Toba Capital Backs Grow.com In $16M In Funding

socalTECH

Toba Capital , the venture fund run by former Quest Software founder Vinny Smith, has backed reporting and analytics dashboard software developer Grow.com in a $16M Series B funding round. Toba Capital also led Grow.com's SEries A funding. Toba Capital is based in Orange County. READ MORE>>.

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Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. Human Capital will soon be available as a weekly newsletter. Meet the Formerly Incarcerated Software Engineers who Built a No-Police Alternative to 911. TGIF, am I right?

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