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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif. He thought there had to be a better way for companies to manage their audit and compliance processes.

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Connect3 Systems Acquired By DemandTec

socalTECH

Cerritos-based Connect3 Systems, a developer of advertising, merchandising, and promotions software, has been acquired by San Carlos-based DemandTec, DemandTec said Monday. Connect3's software is being used by such companies as Best Buy, The Home Depot, ShopKo, Academy Sports + Outdoors, ACE Hardware, Office Depot, and others.

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