L.A. Business Journal
JULY 31, 2018
Glendale online legal technology company LegalZoom.com Inc. announced June 30 it completed a $500 million financing round from four total investors, its second since the firm’s founding in 2001. With this investment, LegalZoom’s estimated value totals roughly $2 billion.
socalTECH
JULY 31, 2018
Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. LegalZoom said the investment round was led by Francisco Partners and GPI Capital, and also included Franklin Templeton and Neuberger Berman.
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L.A. Business Journal
JULY 31, 2018
Newark and Switzerland-based computer accessory company Logitech Inc. purchased Westlake Village microphone manufacturer Blue Microphones Holdings Corp. for $117 million in a cash deal finalized July 30.
socalTECH
JULY 31, 2018
Los Angeles-based managed hosting provider DreamHost said on Tuesday that it has named Ty Lampella as the company's new VP of Marketing. Lampella was previously an independent online marketing consultant, and previously also founded CareerLeak.com (sold to CyberCoders), worked at CyberCoders as Director of SEO, and also was at CareerBliss. DreamHost offers up both web and WordPress websites and managed services.
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L.A. Business Journal
JULY 31, 2018
UPS expands electric fleet with Thor; Cred launches cryptocurrency app; Logitech buys Blue Microphones
socalTECH
JULY 31, 2018
Santa Monica-based Cred , a new startup which is being incubated and advised by Mike Jones and Science Inc., said this morning that it has launched a new mobile app to help consumer invest and learn about cryptocurrency. The startup, led by Brendon McQueen, says its mobile app let users invest in cryptocurrency like Bitcoin, Ethereum, and others for as little as $10--and even lets users purchase cryptocurrency with the change they have from their everyday purchases.
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socalTECH
JULY 31, 2018
Camarillo-based Semtech announced a new software product this morning, which will help users of its analog and mixed signal semiconductors with configuring a line of its video transmitters and receivers. According to Semtech, its new BlueRiver Production Assistant Software is a graphical interface tool that cna be used for mass production and configuration of Blueriver-based AV transmitters and receivers.
socalTECH
JULY 31, 2018
Santa Monica-based Cornerstone OnDemand , which develops human capital management and learning software, said this morning that it has signed on a large insurance brokerage firm as a customer. According to Cornerstone, it has signed on Assurance to use the company's software for recruiting, learning, and performance areas. Financial impact of the win was not announced.
socalTECH
JULY 31, 2018
DataDirect Networks , the developer of data storage products specifically aimed at the big data and high performance computing (HPC) market which has its main location in Chatsowrth, is looking to buy bankrupt data storage array maker Tintri. According to DataDirect Networks, it entered into an Asset Purchase Agreement with DDN, as of July 18th, where DDN has offered to acquire "substantially all" of the assets of Tintri.
socalTECH
JULY 31, 2018
Westlake Village-based Blue Microphones , which develops high end USB and other microphones, used both by professionals as well as amateurs in music recording, podcasting, YouTube streaming, and more, has been acquired by Logitech. The deal is worth $117M in cash. Blue Microphones was led by CEO John Maier. Logitech said Blue Microphones' products are used by such artists as Bob Dylan and Imagine Dragons, and said the acquisition will help accelerate its entry into a growing market.
socalTECH
JULY 31, 2018
San Diego-based BridgeWave Communications , a developer of 5G wireless backhaul systems, said it has launched a new product aimed at powering all-outdoor microwave radio systems. The company said it has completed "several" customer trials of its Navigator license microwave radio system, which can be used to create very high speed point-to-point radio links.
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