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Medallia Acquires Hospitality Software Startup Zingle for $42M

Xconomy

Zingle, a startup whose software is used by hospitality, travel, and retail industries to more easily and quickly connect with their customers via messaging, has been acquired for about $42 million in cash by Medallia, a publicly traded software company in San Francisco. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Interview with Jeb Spencer, TVC Capital

socalTECH

Last week, El Segundo-based Accordent Technologies , a developer of webcasting and presentation services and software, was acquired by Polycom, in a $50M deal. The firm's investor was San Diego-based TVC Capital , which invested only $4M in total in Accordent before it was acquired. Talk more about your philosophy of investments?

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Central Desktop Names New Board Member

socalTECH

Pasadena-based software developer Central Desktop said this morning that it has added software veteran Kumar Vora to its board of directors. Vora is the CEO of Acrolinx, and also had served as entrepreneur-in-residence at Foundational Capital, as well as a VP at Oracle and Adobe. READ MORE>>.

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Wrench’s on-demand vehicle repair and maintenance service picks up $20 million

TechCrunch LA

The company’s round was led by Vulcan Capital with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corp. Given the competition coming into the market, it’s no wonder that Wrench is raising additional capital to expand its footprint into new markets.

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Interview with Mike Whitmire, CEO and Co-founder, FloQast

socalTECH

For today's interview, we sat down and talked with Mike Whitmire , the CEO and Co-founder of Los Angeles-based FloQast (www.floqast.com), a developer of financial close management software for enterprise accounting. Mike tells us about the company, who uses its software, as well as how he was initially turned away from the Amplify.LA

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“FacePalm” Bug Is a Jarring Wake-Up Call. And Not Just for Apple

Xconomy

It was the first company in the world to reach a $1 trillion market capitalization, and it is the most valuable company in the world today. The Apple “brand” alone is valued in access of $200 billion and the company’s customer satisfaction and loyalty are reflected the way consumers view it. Apple is a global icon.

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Don’t Be Fooled By All The Hype For Crowd Funding

Startup Professionals Musings

The new hot topic for entrepreneurs the last couple of years is crowd funding, which is anticipated to at least supplement, if not replace, the slow and mysterious process of current Angel and venture capital investors. Software crowd sourcing. There is no concept of ROI other than product. Rewards-based crowd funding. Marty Zwilling.

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