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Diversis Capital Backs SalesRabbit, Eyes Acquisitions

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this week that it has backed field sales software developer SalesRabbit. Financial details of the investment were not announced, however, Diversis said it provided a "significant growth investment" to SalesRabbit.

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A heartbreaking story about time and money.

Berkonomics

Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.

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Kareo Gets $29.5M For Cloud Medical Office Software

socalTECH

The surge in Southern California, cloud-based software investments continues today, as Irvine-based Kareo said this morning that it has raised $29.5M The company--which develops cloud-based, medical office software--said the funding was led by Greenspring Associates, and also included OpenView Ventures and Silicon Valley Bank.

Software 153
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Rio SEO Raises New Funding, Takes Independent Path

socalTECH

San Diego-based Rio SEO , the local search software development arm of Covario, said Wednesday that it has raised a new round of funding to take the company independent. Voyager Capital, and Stratim Capital, to allow it to pursue further development and sales of its technology platform. READ MORE>>.

SEO 138
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X1 Finds $5.1M More For Ediscovery Efforts

socalTECH

Pasadena-based e-discovery software developer X1 has raised $5.1M The round also included angel investor George Kadifa, the former head of HP Software. According to X1, the new funding will go to hire aggressively in development and sales. X1 is led by CEO Craig Carpenter and CTO Brent Botta.

CTO Hire 124
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Alteryx Launches Follow-On Offering

socalTECH

Irvine-based data analytics software developer Alteryx said on Tuesday afternoon that it plans to launch a follow-on offering to its IPO, with some of its existing stockholders proposing to sell 8,000,000 shares of its Class A common stock, and up to an additional 1,200,000 shares to underwriters.

Class 100
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Edico Genome Raises $22M to Expand Data Processing and Web Services

Xconomy

San Diego’s Edico Genome, highlighted in Monday’s media debut of Dell Technologies Capital , said today it has raised $22 million in Series B financing led by the Dell investment arm. The new cash, which brings Edico’s total funding to $32 million, will be used to fuel expansion and further development of Edico’s Dragen technology.

Web 77