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FiveStars Expands In Los Angeles

socalTECH

Customer loyalty and marketing automation software developer FiveStars said this week that it is "aggressively" expanding in the Los Angeles market, after recently receiving a $26M funding round from Menlo Ventures, Lightspeed, DCM, Rogers and Y-Combinator.

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Chrome River Snags Cornerstone OnDemand Vet As New Chief Sales Officer

socalTECH

Los Angeles-based expense and invoice management software developer Chrome River announced this morning that it has named Matt Gahr as its new Chief Sales Officer. Gahr was most recently Vice President Sales, Americas at Cornerstone OnDemand, where Chrome River said he oversaw more than 100 sales professionals.

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BlackLine Names New Sales VP

socalTECH

Los Angeles-based accounting software developer BlackLine announced this morning that it has named Mark Woodhams as its new SVP of Global Sales. Woodhams will be responsible for BlackLine's worldwide sales organization.

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Fonality Leaves Los Angeles, Heads to Texas

socalTECH

In a loss to the Los Angeles technology industry, Voice over IP software developer Fonality has relocated its headquarters to Texas, the firm said today. According to Fonality, it has moved its headquarters to Plano, Texas from Los Angeles.

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Chrome River Claims Record Revenues, Sales

socalTECH

Los Angeles-based expense and invoice management software developer Chrome River said on Thursday that it has had another year of record revenues and sales growth. The company--which did not release any of its financials-said it grew its revenues by more than 32 percent year-over-year.

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Velocify Ties Sales Lead Tools Into Ellie Mae

socalTECH

Los Angeles-based sales lead management software developer Velocify says it has tied its software into the Encompass mortgage management software from Ellie Mae, allowing lenders to access its software directly through their loan origination processes. READ MORE>>.

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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. SalesRabbit offers up both native mobile and web-based software aimed at field sales organizations. The company is based in Utah.