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QAD Acquiring German Company, Allocation Network GmbH

socalTECH

Santa Barbara-based QAD , which develops enterprise software used in the manufacturing sector, says it is in a definitive agreement to acquire a German company, Allocation Network GmbH , which provides strategic sourcing and supplier management. The deal is expected to close by the end of 2020. READ MORE>>.

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Worth Network Aims At Instagram Marketing

socalTECH

Los Angeles-based Worth Network, a new software startup, is aiming to help marketers reach more consumers via organic Instagram posts, the company said today. The company says it has built software that identifies a brand's best customers on social media and converts them to marketers by paying them to post organic Instagram stories.

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Cloud Network Company PacketFabric Acquires RSTOR

L.A. Business Journal

PacketFabric will not retain RSTOR’s Saratoga headquarters.

Company 130
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IntelliMedia Networks Acquires GlobalMLX

socalTECH

Los Angeles-based streaming media distribution and immersive training technology provider IntelliMedia Networks has acquired Canadian company GlobalMLX , the companies said this week. IntelliMedia Networks said the acquisition will help it extend its cloud-based training platform. READ MORE>>.

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SiFi Networks Finds $50M

socalTECH

SiFi Networks , which develops open access fiber optic networks, which it offers up to Internet Service Providers (ISPs), says it has received $50M to build out its network in the United States. The company said it will receive up to $400M in additional support for project funding. READ MORE>>.

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Airgain Gets Win With EV Charging Company

socalTECH

The company said the EV charger ompany will use its NimbeLink embedded modems for its nationwide network. San Diego-based wireless products maker Airgain said it has scored a win with an un-named manufacturer of electric vehicle (EV) charging stations. Financial impact of the win were not announced.

Company 113
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Pod Network, STEMconnector Merge

socalTECH

Manhattan Beach-based Pod Network LLC , which develops a social networking application, announced this morning that it has merged with STEMconnector , which runs a professional services firm focused on creating a STEM-ready workforce. The newly merged company will be led by CEO Dr. Jo Webber. READ MORE>>.