Thu.Apr 29, 2021

Some great coaches are younger than you are.

Berkonomics

Especially for social media-based businesses, we all need to recalibrate our thinking about who is the teacher and who is the student. There is nothing wrong with a manager slowing a conversation to ask for more background when speaking to an often-younger and more involved associate.

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CoreLogic Gets Shareholder Approval On Private Equity Acquisition

socalTECH

Irvine-based property information provider CoreLogic said on Wednesday that its shareholders have approved the go-private, private equity acquisition of the company by Stone Point Capital and Insight Partners. The two private equity companies will pay $80.00 per share in cash for CoreLogic. The deal is worth $6 billion in total. CoreLogic said it is being advised by financial advisor Evercore in the deal, with legal advice from Skadden, Arps, Slate, Meagher & Flom LLP.

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GumGum Grabs $75M

socalTECH

Santa Monica-based contextual advertising technology developer GumGum said earlier this month tht it raised $75M in an investment round from Goldman Sachs Growth. The funding--announced on April 13th--will go towards making its products more broadly available, and to expand and accelerate investments in international markets, according to the firm. As part of the funding, Holger Staude of Goldman Sachs Growth will join GumGum's board of directors. GumGum is led by CEO Phil Schraeder.

Viasat Gets Type Certification On Bombardier Jets

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Carlsbad-based satellite communications and equipment provider Viasat said this morning that it has received Supplemental Type Certificate (STC) approval from the Federal Aviation Administration (FAA) for its Ku-band satellite products on Bombardier Challenger 600 series business jets. The certification allows the company to install its systems on Bombardier's Challenger 604, Challenger 605 and Challenger 650 jets.

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.

Oro Debuts New Ecommerce Marketplace Software

socalTECH

West Hollywood-based Oro, Inc., a developer of e-commerce software, says it has launched a new product, OroMarketplace. The new software is aimed at the B2B marketplace market. The company says the new software lets sellers to rapidly implement B2B, B2C, B2G, franchise network ordering, services procurement, bookings/appointments, and physical goods marketplaces. Oro says its new marketplace tool is already powering such marketplaces as SupplyCore, a supplier for U.S.

Adcentryx Therapeutics Nabs $50M In Funding

socalTECH

San Diego- and Shanghai-based Adcentryx Therapeutics, a biotechnology company focused on antibody drug conjugate (ADC) therapeutic development, says it has raised $50M in its Series A funding round. The funding was led by CBC Group, and also included Zoo Capital the venture arm of Boyu Capital. Adcentryx Therapeutics was founded by CEO Dr. Hui Li. Li was previously CEO of Levena Biopharma, which was a subsidiary of San Diego's Sorrento Therapeutics.