Thu.Jun 03, 2021

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Boingo Wireless Acquisition Is Completed

L.A. Business Journal

Digital Colony Management has completed its acquisition of wireless internet provider Boingo Wireless Inc.

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Can you stretch the truth to make your point?

Berkonomics

How easily it happens…. Sometimes it is easy for someone to make a statement that, in the enthusiasm of the moment or to make a point, crosses the line between fact and fiction. Sometimes it seems to you to be just an unimportant little stretch of the facts. An estimate of the number of customers, of the amount of traffic to your website, of the numbers of products sold or hours spent in development – there are thousands of areas where a number sounds better when it is larger.

Customer 156
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NEOGOV Finds Funding From Carlyle, Warburg Pincus

socalTECH

El Segundo-based human capital and policy management software developer NEOGOV, which is led by Shane Evangelist, has scored a round of funding from private equity giants The Carlyle Group and Warburg Pincus. The size of the investment--described as "significant"--was not announced. Warburg Pincus had an existing stake in NEOGOV. NEOGOV develops employee management software for state and local government, education, public safety, and other public sector customers, made available through softwar

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Boingo Wireless Acquisition Is Completed

L.A. Business Journal

The acquisition of wireless internet provider Boingo Wireless has been completed by Digital Colony Management.

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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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Ring Tightens Privacy Over Law Enforcement Requests

socalTECH

Santa Monica, California-based Ring, which is part of Amazon, is significantly tightening how it shares videos from its users with law enforcement, in a move which should please privacy advocates. According to Ring, it will change it will now require a valid case number and department contact information on requests, with specific law enforcement requests coming through Ring's Neighbors app, meaning that Ring users in the US will not receive direct emails from police and fire departments.

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Kofax Acquires PSIGEN

socalTECH

Irvine-based document automation systems provider Kofax said this week that it has acquired PSIGEN Software, a developer of document capture, content management and workflow automation software. Financial details of the transaction were not announced. According to Kofax, the deal will add to its existing document capture software and solutions. PSIGEN's flagship software is PSIcapture, used for document capture in such areas as quote-to-cash, accounts payable and accounts receivable.

Software 113

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DRINKS Names Execs

socalTECH

Los Angeles-based DRINKS, a startup which is developing software which helps companies sell alcoholic beverages online via e-commerce, has named two executives, according to the company. According to the company, it has named Amber Roberts as Vice President of Enterprise, and Blake Hunter as Senior Director of Data Science. Roberts was most recently Head of Marketplace at Kroger, where the company said she spearheaded the establishment of its digital marketplace model.

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Boingo Wireless Now Owned By Digital Colony

socalTECH

Los Angeles-based Wi-Fi network and distributed antenna systems provider Boingo Wireless is now officially owned by private equity investor Digital Colony, the two said on Wednesday. The deal valued Boingo at approximately $854M. Digital Colony paid $14.00 in cash per share of Boingo common stock. The deal takes Boingo off the public markets, where it had been trading as WIFI on the NASDAQ.

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Specular Theory Snags $4.5M For VR Training For Air Force

socalTECH

Venice Beach-based Specular Theory, a developer of virtual reality training software for the U.S. Air Force, says it has received $4.5M in a Small Business Innovation Research (SBIR) Phase III contract. According to the company, the funding will go towards expanding its immersive training products supporting U.S. Air Force B-52, C-17 and KC-135 aircrew training over the next three years.

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NEXT Energy Technologies Snags $13.4M In Series C

socalTECH

Santa Barbara-based NEXT Energy Technologies, a developer of a transparent, photovoltaic coating which turns commercial windows into energy producing solar panels, has raised $13.4M in a Series C funding. The funding was led by Alon Blue Square Israel, Ltd. and also included GEAR Innovation Network, and Viracon, an architectural glass fabricator, as well as family office Rincon Advisors.