L.A. Business Journal
MAY 5, 2017
SpaceX to relaunch second used rocket in June, Ellen DeGeneres adds show to YouTube, and agencies say Snapchat self-service feature will make it competitive with Facebook.
socalTECH
MAY 5, 2017
Los Angeles-based Osurv , a developer of mobile survey software, announced on Friday that it has been acquired by Singapore private equity investor Tan Capital Partners. Financial details of the acquisition were not announced. Osurv was founded in 2012, and was led by Jad Meouchy. The company said its tools are used by such brands as Caesars Entertainment and Casio to collect and analyze data from their customers, in real time.
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L.A. Business Journal
MAY 5, 2017
Tan Capital Partners has acquired the intellectual property of market research firm Osurv for an undisclosed sum, the companies announced on Friday.
socalTECH
MAY 5, 2017
Irvine-based dental laser manufacturer BIOLASE announced this morning that its CFO, Mark J. Nelson, has resigned from the company. Nelson has been CFO of the company for less than two months. According to BIOLASE, Nelson resigned to pursue an "unsolicited and lucrative business opportunity with a former employer." The CFO duties have been handed over to VP of Finance and Corporate Controller Brendan O'Connell.
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L.A. Business Journal
MAY 5, 2017
Meal-replacement drink manufacturer Rosa Foods Inc., maker of the Soylent food alternative, has raised a $50 million Series B round led by GV (formerly Google Ventures) with participation from Tao Capital Partners as well as prior investors Lerer Hippeau Ventures and Andreessen Horowitz.
socalTECH
MAY 5, 2017
Santa Monica-based Cornerstone OnDemand , which develops cloud-based employee education and human capital management software, has named Steffan Tomlinson, CFO for Palo Alto Networks, and Dean Carter, VP of Human Resource and Shared Services for Patagonia, to its board of directors. Tomlinson also has served at Aruba Networks and Peribit Networks. Carter also has served at Sears Holdings Corporation and Fossil.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
MAY 5, 2017
Los Angeles-based Club Pilates , a franchisor of Pilates studios, has received a private equity investment from TPG Growth Partners, the two said on Thursday. Size of the funding round was not announced. Club Pilates is run by Anthony Geisler, the former owner and CEO of LA Boxing; Geisler acquired Club Pilates in 2015 from founder Allison Beardsley.
Startup Professionals Musings
MAY 5, 2017
If your dream has long been to start and manage your own business, there is no time like the present to get started. The cost of entry is at an all-time low, working from home through an Internet website seen globally, turning a hobby or an invention into an online business. But don’t be misled into thinking that long-term business success is assured and low risk.
socalTECH
MAY 5, 2017
Santa Monica-based SafeRide Health , a startup which is focused on transporting patients to health care providers, has linked up with Lyft in a new partnership, the company said on Thursday. SafeRide--which is venture backed by Amplify.LA--helps reduce medical appoint "no-shows" by providing transportation to patients to their medical appointments. The company pointed out that a $40 Lyft ride can help avoid deterioration in a patient's condition which would end up costing $20,000 in an end-stage
Xconomy
MAY 5, 2017
Two dramatic healthcare stories played out this week. First, to the jubilation of the nation’s science community, Congress proposed to boost National Institutes of Health funding, not slash it as the Trump administration had outlined. Then the patchwork revival of the GOP’s healthcare plan, despite being panned by nearly every major medical group in the country, narrowly passed the House and headed to the Senate.
socalTECH
MAY 5, 2017
Los Angeles-based TaskUs , which provides business process outsourcing, said this week that it has named Jarrod Johnson as Senior Vice President of Sales. Johnson was most recently SVP of Sales, Marketing, and Client Development at FacilitySource, and also had served at IBM and Xerox. Johnson will be based in Dallas. TaskUs said the hire comes after a "year of exponential revenue growth" for the company, which now has a huge employee base, mostly in the Phillippines.
socalTECH
MAY 5, 2017
Santa Monica-based Leaf Group , which is led by Sean Moriarty, said on Thursday that it has acquired home decor brand Deny Designs. Leaf Group said it paid $12.0M for Deny Designs, split between $6.7M in cash plus approximately 215,000 shares of its common stock. Deny Designs was based in Denver, Colorado. Leaf Group disclosed the sale in its first quarter 2017 results, where it reported a net loss of $10.0M on revenues of $27.238M.
socalTECH
MAY 5, 2017
A new, Los Angeles startup, Vendr is taking on Craiglist with an app that it says will help to allow users to buy and sell items locally without the fear of being robbed. Vendr said it has created a cashless, local marketplace app, which lets users reserve a product using their credit card, keeps that money in escrow, and only release it once a user has received an item.
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