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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.

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QAD In $2 Billion Private Equity Acquisition

socalTECH

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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Yardi Acquires German Software Company

socalTECH

Santa Barbara-based real estate management software developer Yardi Systems has acquired a German company, iMS Immobilien Management Systeme GmbH , a developer of commercial property management software, the companies said very late last night. Financial terms ofthe acquisition were not disclosed.

Software 100
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Rincon Ventures Backs Rainforest QA In $25M Round

socalTECH

Santa Barbara-based venture capital investment firm Rincon Ventures is part of a new funding round for quality assurance software developer Rainforest QA. Rincon invested in Rainforest QA's Series A round back in 2016. Rainforest is based in San Francisco. READ MORE>>.

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Yardi Wins Cortland Capital Market Services

socalTECH

Santa Barbara-based property management software developer Yardi said Friday that it has signed up Cortland Capital Market Services LLC, as a new customer. Cortland Capital Market Services, which is based in Chicago, provides investment servicing, and is using Yardi's Investment Management software.

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Yardi Gets Win In Kuwait

socalTECH

Santa Barbara-based real estate management software developer Yardi has scored a win in Kuwait at the Kuwait Financial Centre "Markaz", the company said last week. Yardi said that Markaz will use its Yardi Voyager 7S software for its real estate portfolio management. Financial impact of the deal was not announced.

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Yardi Gets Wins In London, Dubai

socalTECH

Santa Barbara-based real estate management software developer Yardi reported two international wins Monday evening, saying it has signed LSH Investment Management in London, and Al Ghandi Real Estate in Dubai. Financial details of the two separate wins were not announced.