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LinkedIn, Silver Lake Take Stake In Cornerstone OnDemand

L.A. Business Journal

Cornerstone OnDemand, a personnel management software developer, announced on Wednesday that private equity firm Silver Lake Partners and Microsoft Corp.’s s LinkedIn plan to invest $300 million in the company.

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BlackLine Systems Gets Investment From Silver Lake Sumeru

socalTECH

Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm Silver Lake Sumeru. As part of the investment, Silver Lake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.

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Cornerstone OnDemand Raises $300M From Silver Lake

socalTECH

Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. Joe Osnoss of Silver Lake joins Cornerstone's board with the funding, and Silver Lake will also appoint another member of the board at a later date.

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FanMix Spins Out Of SocialEngine

socalTECH

Fanmix , a startup developing "social inbox" software to manage a user's social conversations on Twitter, Facebook, LinkedIn, blogs, comment threads, and elsewhere, has spun out of Los Angeles-based Social Engine , according to Social Engine co-founder and new FanMix head Charlotte Genevier.

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Payvia, Mobile-XL Partner On Mobile Payments

socalTECH

Los Angeles-based Payvia , which is developing mobile payment technology, and Mobile-XL , which develops software for providing access to digital services to people in Africa and India, are in a partnership, the companies said this morning. Financial arrangements between the companies were not announced. and Trinity Ventures.

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The Sugar Lab Acquired By 3D Systems

socalTECH

Los Angeles-based startup The Sugar Lab , which was developing technology to print edible, 3D designs with sugar, has been acquired by 3D Systems. The Sugar Lab was founded by Kyle and Liz von Hasseln, and was based in Silver Lake. Financial terms of the acquisition wer enot disclosed. READ MORE>>.

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Shea Ventures Backs SolarCity

socalTECH

According to SolarCity, the big funding round was led by The round was led by Silver Lake Kraftwerk and Valor Equity Partners, and also included Nicholas J. Pritzker, partner at Tao Ventures and senior development advisor for Hyatt Hotels Corp., in addition to Shea Ventures.