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Biolase Gets $35M In Private Placement

socalTECH

Schuler, Oracle Partners, L.P. and other Oracle funds, three funds managed by Camber Capital Management, LLC, Eagle Growth Partners I and II, Birchview Capital L.P., biolase dental laser lifescience equipment manufacturing equity' The publicly held company said the investment came from Jack W. READ MORE>>.

Oracle 138
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Who Should you Hire at a Startup?

Both Sides of the Table

He’s joining you because your company offers him/her the hope of the big equity package but likely the step forward in his career that he’s been looking for. Shouldn’t you just hire the most senior guy you can out of Oracle, Salesforce.com, Microsoft, EA or whatever your relevant industry is? Not so fast.

Startup 327
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BlackLine Systems Hires Chief Marketing Officer

socalTECH

Downing also previously served at such companies as SAP, Informatica, Oracle, Adobe, Seagate and Hill and Knowlton. The company is backed by private equity firm Silver Lake. BlackLine said it has hired David Downing, most recently the Chief Marketing Officer of NetSuite, as its first CMO. READ MORE>>.

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Cornerstone OnDemand Buys New Zealand Firm

socalTECH

Cornerstone OnDemand said it would pay $13M in cash, and $1M in equity for Sonar6, in addition to hiring certain employees from the company. Sonar6 develops cloud-based, talent management software focused on small businesses. Cornerstone OnDemand said it is using the acquisition to enter into the SMB space.

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LogicMonitor Names Sales VP

socalTECH

Tarbet previously served at such companies as UnboundID, RightNow Technologies, and Oracle. The company is backed by Providence Equity Partners. Santa Barbara-based LogicMonitor said Thursday that it has named Michael Tarbet as its new Vice President of Sales. READ MORE>>.

Sales 113
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Analytix On Demand Gets Funding

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Amount of the funding was not disclosed, but came from Private Equity Management Group. According to the firm, its software-as-a-service product pulls data from applications such as Salesforce, QuickBooks, Microsoft Excel, Oracle, and SAP for business intelligence reporting. READ MORE>>

Demand 100
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Want to Start a Technology Company in LA?

Both Sides of the Table

Side note: LA seems to have had some success in mega deals led by private equity firms as evidenced by DemandMedia and Chris DeWolf’s latest company backed by more than $20 million in private equity. My messages a) it can be done b) these have produced tremendous financial results and c) these were all innovators in monetization.

Companies 290