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QAD In $2 Billion Private Equity Acquisition

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Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. The company said that current CEO Anton Chilton will continue to lead the company, whcih will continue to maintain its headquarters in Santa Barbara.

Equity 113
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LogicMonitor Acquired By Vista Equity Partners

socalTECH

Santa Barbara-based IT monitoring software developer LogicMonitor has been acquired by private equity investor Vista Equity Partners , from its existing owner, Providence Strategic Growth (PSG), the companies said on Tuesday. Financial details of the acquisition were not announced. READ MORE>>.

Equity 113
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Cadrilla Capital Acquires Agilence

socalTECH

A new, Santa Barbara-based private equity investment company Cuadrilla Capital says it has acquired a Mt. Sulak was previously at Marlin Equity Partners. Abraham was previously at Clearlake Capital and Marlin Equity Partners. Laurel Township, New Jersey-based company, Agilence.

Capital 100
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QAD Becomes Privately Held After Thoma Bravo Acquisition

socalTECH

Santa Barbara-based manufacturing and supply chain software maker QAD is now officially a private company again, after an acquisition by private equity investor Thoma Bravo. According to Thoma Bravo, the deal was worth approximately $2 billion in cash. The go-private deal was originally announced on June 28th.

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LogicMonitor Names New European Sales Head

socalTECH

Santa Barbara-based software developer LogicMonitor said this week that it has named Daniela Streng as its new Managing Director for the UK, Europe, Middle East and Africa (EMEA), as its expands its business in the region. Datto--like LogicMonitor--is owned by private equity investor Vista Equity Partners.

Sales 113
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Yardi Wins Canadian Property Owner

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Santa Barbara-based property management software developer Yardi has signed up Canadian property owner Mainstreet Equity Corp., the company said last week, to help Mainstreet Equity manage its multifamily properties across Western Canada. According to Yardi, Mainstreet Equity Corp.

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Invoca Names New VPs

socalTECH

Santa Barbara-based Invoca, which provides call tracking and marketing intelligence software, says it has named Paula Schmidlin as Senior Vice President, People & Culture, and promoted Ben Sullivan to Executive Vice President, Sales.