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Procore Set For $592M IPO This Week

socalTECH

Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. billion market cap.

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QAD In $2 Billion Private Equity Acquisition

socalTECH

Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. According to QAD, its shareholders will receive $87.50 per share in cash from Thoma Bravo, in an all-cash transaction.

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Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 Stifel, Nicolaus & Company, and William Blair & Company. Stifel, Nicolaus & Company, and William Blair & Company.

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LogicMonitor Names New CEO

socalTECH

Santa Barbara-based software developer LogicMonitor says it has named Christina Kosmowski as the company's new CEO, succeeding former CEO Kevin McGibben. McGibben is shifting to become Executive Chairman of the company. Kosmowski was most recently President of the firm.

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Yardi Wins Irish Rental Manager

socalTECH

Santa Barbara-based property management software developer Yardi reports that it has been selected by a company in Dublin, Ireland. According to Yardi, Urbeo Residential Limited has selected it as the end-to-end software provider for its 1500+ unit build to rent portfolio.

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Procore Prices IPO, Starts Trading Today

socalTECH

Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 The company starts trading this morning on the New York Stock Exchange under the symbol PCOR. Piper Sandler & Co.,

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FastSpring Expands Platform

socalTECH

Santa Barbara-based software developer FastSpring--best known for its e-commerce software tools--says it is expanding its offerings, and will offer up support to B2B, software-as-a-service and downloadable software companies with sales team.

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