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Clearstone Portfolio Firm Cetas Acquired By VMware

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Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D. Financial terms of the acquisition were not disclosed.

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LeisureLink Ties With Software Firm

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Pasadena-based LeisureLink , which develops travel distribution and management software for specialty lodging providers, said Tuesday that it has linked its product with software provider InnQuest Software. LeisureLink said that InnQuest's system is used in more than 4,500 properties in more than 90 countries.

Software 172
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LeisureLink Acquired By VacationRoost

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Pasadena-based LeisureLink , the developer of travel booking software for the vacation rental market, has been acquired by VacationRoost , which operates an online vacation rental marketplace. The company was led by Tom Lamb. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal.

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March Capital Partners Backs Appcito

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Santa Monica-based venture capital investor March Capital Partners --the new investment firm led by longtime Southern California venture capital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito. READ MORE>>.

Capital 147
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Sixgill Snag $27.9M

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Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M in a Series B funding round, the company said last week. The company has now raised a total of $33.90M. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners.

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Sixgill Raises $6M For Proximity Sensing

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Santa Monica-based Sixgill , a developer of location awareness software aimed at the enterprise market, has raised $6M in a funding round, the company said this morning. The company says it is using proximity sensing for the enterprise, helping companies understand the movement of people, places and things in the enterprise.

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BetterWorks Taps Nicole Jordan For Communications Head

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BetterWorks said Tuesday afternoon that Jordan will serve as Director of Communications at the company, heading up public relations, corporate communications, and thought leadership. BetterWorks develops software and services focused on delivering fringe benefits to employees.