Wed.Feb 02, 2022

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Levine Leichtman Acquires Legal Software Developer Iridium Technology

socalTECH

Los Angeles-based private equity investor Levine Leichtman announced this morning that one of its portfolio companies, BigHand Ltd, has acquired legal software developer Iridium Technology from private equity investor Polaris Growth Fund. Financial details of the deal were not announced. Iridum Technology was founded in 2009, and develops legal business intelligence and analytics software for law firms.

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5 Listening Practices That Ensure Team Understanding

Startup Professionals Musings

In my many years of consulting with business leaders and entrepreneurs, I have found that all of them realize the value of communication , in spreading the outbound message of mission and goals to their team and constituents. Yet, in their urgency to get things done, many forget to focus on really listening to input as an equally important part of their leadership role and image.

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Plug In South LA Launches Accelerator Class

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Los Angeles-based Plug In South LA, a startup accelerator operator, says it is launching a third, tech accelerator program for the Black and Latinx communities. According to the accelerator, based in South LA, says it is looking for start-up founders focused on healthcare technology, climate and sustainability, digital media, and edtech. The program, led by founder Derek Smith, said the accelerator benefits include potential grants of up to $40K, possible seed investments, and pilot partnerships

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Quest Software Now Owned By Clearlake Capital

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Aliso Viejo-based cybersecurity and IT operations management developer Quest Software is now owned by Santa Monica-based private equity investor Clearlake Capital, Clearlake Capital said today. Financial details of the transaction were not announced. Clearlake Capital acquired Quest Software from another, private equity investor, Francisco Partners.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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SpaceX To Offer Up 500Mbps Starlink Premium Service

socalTECH

Los Angeles-based space launch and satellite service provider SpaceX is rolling out a new, premium version of its Starlink satellite Internet service, called Starlink Premium. The new service will cost $500 per month, rather than the $99 per month that SpaceX charges for its normal Internet service. Equipment for the service will cost $2500. SpaceX offers up satellite-based Internet service, which uses thousands of low earth orbit (LEO) satellites to provide Internet service across the globe.

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Kajabi Taps TikTok Exec As President, Chief Product Officer

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Irvine-based Kajabi, which develops online tools that helps entrepreneurs and creators with marketing and selling their products and services, says it has tapped Sean Kim, the former Head of Product at TikTok as its new President and Chief Product Officer. Kajabi said that Kim set the strategic direction and led teams responsible for developing and growing TikTok's product, and also had served at Global Head of Proudct at Amazon Prime.

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