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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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LogicMonitor Acquired By Vista Equity Partners

socalTECH

Santa Barbara-based IT monitoring software developer LogicMonitor has been acquired by private equity investor Vista Equity Partners , from its existing owner, Providence Strategic Growth (PSG), the companies said on Tuesday. Financial details of the acquisition were not announced. READ MORE>>.

Equity 113
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Invoca Names New VPs

socalTECH

Santa Barbara-based Invoca, which provides call tracking and marketing intelligence software, says it has named Paula Schmidlin as Senior Vice President, People & Culture, and promoted Ben Sullivan to Executive Vice President, Sales.

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LogicMonitor Names New European Sales Head

socalTECH

Santa Barbara-based software developer LogicMonitor said this week that it has named Daniela Streng as its new Managing Director for the UK, Europe, Middle East and Africa (EMEA), as its expands its business in the region. Datto--like LogicMonitor--is owned by private equity investor Vista Equity Partners.

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Yardi Wins Canadian Property Owner

socalTECH

Santa Barbara-based property management software developer Yardi has signed up Canadian property owner Mainstreet Equity Corp., the company said last week, to help Mainstreet Equity manage its multifamily properties across Western Canada. According to Yardi, Mainstreet Equity Corp.

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FastSpring Acquired By Accel-KKR

socalTECH

Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. Financial details of the acquisition were not announced.

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Impact Collects $75M In Investment Round

socalTECH

Santa Barbara-based Impact , which develops software used for partnership automation, said this morning that it has raised $75M in an investment round. According to the company, the funding will go towards accelerating development of its platform, for go-to-market and regional expansion, and other growth efforts.

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