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AutoVitals Gets Private Equity Investment

socalTECH

Goleta-based AutoVitals , which develops software-as-a-service (SaaS) products for the automotive repair and maintenance software business, has raised a round of private equity, the company recently announced, from private equity investor Tritium Partners. Financial details of the private equity deal were not announced.

Equity 140
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Vista Equity Sells Majority Of Websense To Raytheon

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Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. Vista Equity will also invest another $335M in the companies for a 19.7 READ MORE>>.

Equity 100
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Sources: Active Network In Major Layoff

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active network layoff jobs employment private equity texas websense omnitracs' No details on the layoff have been announced by the privately held company, and the company had not yet filed a notice with the state of California''s WARN system on any impending cuts. READ MORE>>.

Layoffs 197
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Qualcomm Backs Startup's Head Mounted, Wearable Computers

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RealWear--which is based in Vancouver, Washington--said it raised $80M in a Series B financing round, which included both equity and debt, and came from JPMorgan Chase & Co., Qualcomm was already a strategic partner of RealWear, whose high-tech products include an eye-mounted projection display with voice control.

High Tech 113
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WebSense To Move Headquarters To Texas

socalTECH

In a big loss for the local high tech community, computer security software developer Websense --based in San Diego--is moving its headquarters to Austin, Texas, and is taking 445 jobs with it. The move comes eight months after Websense was acquired by private equity company Vista Equity Partners last June.

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TaskUs Snags Chief People Officer From Chipotle

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Santa Monica-based TaskUs , which provides back office and customer support for many prominent high tech companies, said this morning that it has appointed Mike Ferguson as the company's first Chief People officer. Ferguson was most recently Head of People Support at Chipotle Mexican Grill, which he spent the last 12 years at.

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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy.