socalTECH

APRIL 5, 2011

Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.

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socalTECH

MAY 3, 2011

Santa Monica-based TrueCar , the automotive pricing site run by Scott Painter, said today that it has acquired Honk.com , an automotive social media website. Financial terms of the buy were not disclosed.

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Truecar Santa Monica News Social Media 140

socalTECH

AUGUST 23, 2011

Santa Monica-based TrueCar , the online publisher of new and used vehicle pricing that is headed by Scott Painter, said Tuesday that it has acquired ALG, Inc. , Financial terms of the acquisition were not disclosed, however, TrueCar said that DealerTrack will receive an equity interest in TrueCar as part of the deal.

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socalTECH

SEPTEMBER 20, 2010

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

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socalTECH

AUGUST 4, 2011

Locally, those are companies like LegalZoom, GameFly, TrueCar, and ShoeDazzle. Instead, after a private equity firm offered to buy YLighting, we negotiated to keep the technology that we had developed. We sold it to a private equity group. What kind of customers are using the tool? There are lots of e-commerce companies.

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