Thu.Aug 06, 2020

What’s your personal-business end game?

Berkonomics

Remembering our original vision. When we start a business, we are optimistic that we will succeed and dream of riches to follow when the company is sold or even getting all the way to an IPO. Some of us build our businesses to be lifestyle creations, destined to provide for our families but not necessarily as creators of great equity upon an eventual sale. But most of us dream of selling the business someday for lots of money and building our wealth upon that event.

T2 Tech Group Acquires Division Of Revint Solutions

socalTECH

Los Angeles-based IT consulting, advisory, and project management service provider T2 Tech Group says it has acquired the patient access and scheduling services division from Revint Solutions. Financial terms of the buy were not announced. T2 Tech Group said it will use the acquisition of the division to launch a new offering, T2 Flex Force, which will offer up virtual workforce technology to hospitals and healthcare systems.

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TrueCar Selling ALG Unit for $135 Million

L.A. Business Journal

TrueCar Inc. has entered into an agreement with J.D. Power to sell its ALG Inc. subsidiary for $135 million

Q CELLS Acquires Geli

socalTECH

Irvine-based solar cell and module manufactuer Q CELLS said this morning that it has is acquiring San Francisco-based energy storage software maker Growing Energy Labs, Inc. Geli). Financial terms of the acquisition were not announced. Q CELLS said the buy will help expand its offerings in the Integrated Energy Storage Solutions area.

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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.

Biogen to Pay Denali $1B to Partner on Parkinson’s Drug & Other Neuro Meds

Xconomy

Denali Therapeutics has selected a brain-penetrating Parkinson’s disease drug candidate to advance to late-stage testing and Biogen is paying $1 billion to kick off a partnership on that compound, and potentially others. According to terms of the deal announced Thursday, the companies will co-develop the small molecule, dubbed DNL151.

Inseego CFO Steps Down

socalTECH

San Diego-based Inseego , which develops 5G and Internet-of-Things hardware, including the well known MiFi cellular wireless hotspot devices, said on Thursday morning that its CFO, Stephen Smith, has stepped down from his position. According to the company, Smith steps down to "pursue other interests." As as result of the resignation, the company said Craig Foster has been appointed Executive Vice President and CFO, effective August 17th.

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Alorica Plans To Hire More Than 33,000

socalTECH

Irvine-based outsource customer support and experience services provider Alorica claims it plans to hire more than 33,000 people, saying it has added more than 20 new clients in the first half of the year. The company--which says it has shifted over 90% of its accounts and 70,000 of its employees to work-at-home--says those hires will be made globally. The company already has operations in 14 countries, employing 100,000 providing customer experience services to brands.

HONK Reports Increased Roadside Assistance Calls

socalTECH

Los Angeles-based HONK Technologies , which develops a roadside assistance and towing app, and is led by tech entrepreneur Corey Brundage, says it has saw a 54 percent increase in the number of roadside assistance calls in the first six months of 2020. The company said those numbers demonstrate the company's "grow and momentum" despite the pandemic. The company said it is using machine learning and automation to expand its operational efficiency.

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ServiceTitan Links With HVAC Giant Carrier

socalTECH

Los Angeles-based software developer ServiceTitan , which is led by Ara Mahdessian, has linked with heating, air conditioning, and refrigeration giant Carrier. According to ServiceTitan, it has been. been designated the preferred field service contractor software vendor for the Carrier and Bryant HVAC brands in the U.S.

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