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Avetta Merges With BROWZ

socalTECH

Irvine-based Avetta , a provider of supply chain management software, has merged with another supply chain risk management company, BROWZ , the companies said this week. Avetta is owned by private equity investor Welsh Carson Anderson & Stowe. The combined company will be led by John Herr, the CEO of Avetta.

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DriveCam Opens Office In The UK

socalTECH

San Diego-based DriveCam , the developer of monitoring technology for driving fleets, said today that it has opened up a new office in London. The firm is backed by such companies as JMI Equity, Insight Ventures, Insight Venture Partners, Triangle Peak Partners, and Welsh, Carson, Anderson & Stowe. READ MORE>>.

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DriveCam Raises $85M, Acquires Firm

socalTECH

San Diego-based DriveCam , a provider of video-based products used for monitoring driver safety, announced today that it has raised $85M in a funding from a private equity firm, and also acquired a company, RAIR Technologies. The funding came from Welsh, Carson, Anderson & Stowe XI, L.P.

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