Trending Sources

Report: Snap Buys Ad Tech Firm Flite

socalTECH

Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite.

Startups and a Common Misunderstanding in Agile Software Development

SoCal CTO

They didn't feel they had visibility into timelines and costs for development of their software. In three of the cases, the founder was finding that the software teams (1 in-house, 2 outsourced) were delivering relatively well in the short-run.

Report: Snapchat Acquires Bitstrips For Around $100M

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Los Angeles-based Snapchat has acquired emoji software developer Bitstrips , in a deal worth around $100M in cash and stock, according to a report this morning. cartoon emoji animation software acquisition merger snapchat bitmoji

Kareo Rolls Out Updated Software

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Irvine-based medical practice management software developer Kareo , led by Dan Rodrigues, said Tuesday that it has launched the next generation of its cloud-based software for outsourced billing. The company said its Kareo Medical Billing now supports both web and mobile applications, adds customized reports, includes secure messaging, and many other features. kareo medical office software billing cloud update

Music Reports In Expansion

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Los Angeles-based Music Reports , the private equity-backed firm which provides music rights administrative services, said Friday that it has made a major expansion of its employees and offices. Music Reports is backed by ABRY Partners. music reports musicreports software reporting online expansion jobs

Music Reports Signs Mobile Music Service

socalTECH

Woodland Hills-based Music Reports , the developer of software used for managing music rights and royalties reporting, said this morning that it has signed a licensing and reporting agreement with Cricket Communications , the operator of the Muve Music digital music service. Music Reports said it will provide music publishing data matching, licensing, and royalty reporting services to Muve.

Chrome River: Building An Enterprise Software Leader In LA, with Dave Terry

socalTECH

A few weeks ago, Los Angeles-based enterprise expense reporting software maker Chrome River (www.chromeriver.com) took a significant venture funding round--worth $100M--to help expand the company's growth in the enterprise software market. What does Chrome River's software do? It's software-as-a-service based, and we have organizations worldwide, from very small companies, to 100 employees and up, to Fortune 500 companies, across a wide variety of industries.

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HID Acquires Software Firm

socalTECH

Irvine-based HID Global , which provides identification and access systems, said this morning that it has acquired EasyLobby , a developer of software used to manage facility visitors. EasyLobby's products are used for visitor registration, tracking, reporting and badge printing.

Report: Lynda.com Tops $70M In Annual Revenues

socalTECH

Ojai, California-based Lynda.com , the online education site providing online training on a variety of software, ranging from PhotoShop to AutoCAD and much more which was founded by Lynda Weinman and Bruce Heavin, is now topping $70M in annual revenues, according to reports.

Hulu Updates Roku Software

socalTECH

Los Angeles-based Hulu said last night that it has updated its Hulu Plus on the Roku software. According to Hulu, the updated software adds improved playback reporting, UI tweaks, as well as a number of bug fixes.

Report: ExpenseCloud Acquired By TriNet

socalTECH

Los Angeles-based expense management software and services developer ExpenseCloud , which was founded by Eric Sikola and Dan Fritcher, has been acquired by human resources provider Trinet , according to reports today. ExpenseCloud--which was formerly known as ExpenseBay--offered up an online application which helped users manage and submit expense reports.

Private Equity Firm Puts Epicor Software On Market

socalTECH

Epicor Software , the supply chain management software company whose roots are in Orange County, has been put up for sale by private equity firm Apax Partners, according to reports Tuesday. epicor software merger acquisition private equity exit apax The WSJ said that Apax Partners, which owns Epicor, is looking to sell Epicor for around $3.5 billion, and has hired investment banking firm Jeffries to handle the sale.

UberMedia Planning Twitter Competitor, Says Report

socalTECH

According to reports, it is planning to launch its own, competing microblogging service. The news comes via a report last night from CNN. ubermedia twitter client software idealab twidroid twidroydIt looks like executives at Pasadena-based UberMedia , the Twitter client application provider started by Idealab's Bill Gross, may finally be fed up with the firm's constant battles with Twitter.

Quest Software Bolsters Security Products

socalTECH

Aliso Viejo-based Quest Software said this morning that it has released a new version of its PacketTrap MSP remote monitoring and management platform for SMBs. The firm said the product now includes antivirus detection and better reporting, among other features. Quest Software targets its PacketTrap remote monitoring and management product at managed service providers. quest software security

Report: IPO Fever Lifting Valuations, Slowing M&A

socalTECH

A report today says that "IPO fever" is lifting valuations of technology companies, while slowing the pace of mergers and acquisitions. The report from PricewaterhouseCoopers, says that technology businesses are continuing to lead other sectors in terms of U.S

Third-Quarter Report Shows Slowdown in VC Activity, & Top 10 Deals

Xconomy

Venture capital activity is gradually easing from last year’s peak, according to a new quarterly report put together by Seattle-based PitchBook and the National Venture Capital Association. deals (1,796 companies) during the third quarter that ended September 30, according to the inaugural “Venture Monitor” report released today. It was the fifth straight quarterly decline in the number of companies getting VC funding, according to the report. Software. Software.

Report: Websense On The Block

socalTECH

San Diego-based Websense is reportedly considering a sale of the company, according to a report this week in the Wall Street Journal. Websense is a provider of web filtering software. The Journal reports Websense has hired investment banking firm Qatalyst Partners on the sale. websense merger acquisition filtering software qatalystAccording to the WSJ, the firm is looking to get around $1B for the company.

Raken Gets $2M For Construction Reporting Software

socalTECH

San Diego-based Raken has raised $2M in a funding round, for the company's construction reporting and compliance software. The company develops cloud-based software used to help monitor construction project progress and compliance, and was founded in 2013. raken venture capital construction reporting softwareThe funding was led by Rincon Venture Partners , and also included Eniac Ventures and Spider Capital.

CTO 2

Liferay: Another Big, Nearly $100M LA Enterprise Software Firm You've Never Hear

socalTECH

Add another company to the list of fast growing, enterprise software companies in Los Angeles that you might not have heard of: Liferay , a developer of open source portal software for the enterprise, is apparently approaching $100M in annual revenues, according to some recent reports.

Silicon Beach Report April 25: Belgium Telecom Company BICS to Buy TeleSign for $230 Million

L.A. Business Journal

Belgium telecommunications company BICS to buy TeleSign for $230 million, in-home clinical trial software startup Science 37 raises $29 million, and Soylent recalls powder after accidental mixing with whey

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UberMedia, Bleacher Report Team On Tweeting Contest

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Pasadena-based UberMedia , the Twitter third party client software provider, and Bleacher Report , the online sports publishing site, said today that they've linked up to run a prize to award prizes to users who tweet photos of sports events. ubermedia bleacher report contest tweet twitter sports college basketball twidroyd ubersocial ubertwitter

Roambi Ties with Business Intelligence Software

socalTECH

San Diego-based MellMo , the developer of the Roambi mobile business reporting application, has tied with an Italian developer of business intelligence software, the company said today. MeLLmo and Tagetik, and Italian software firm, said the two have launched Roambi for Tagetik, part of a strategic relationship which gives Tagetik's customers access to data on their iPhone or iPad. mellmo roambi business intelligence ipad iphone software enterprise remote access mobile

MaintenanceNet Reports Record Year

socalTECH

Carlsbad-based MaintenanceNet , the developer of software-as-a-service used for managing service contracts and service quotes for manufacturers and others, reported today that it has had a record year. MaintenanceNet's software is used to help its clients increase the rate of renewals on service contracts, and automate the process of service contract quoting. maintenancenet sales renewal contract automation saas software

BlackLine Reports Record Revenues, New Clients

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Los Angeles-based BLackLine Systems , the developer of financial accounting software used for automating account reconciliation and financial close, reported this morning that it had record revenues in Q2, and a slate of well known clients. blackline systems accounting software saas account reconciliation

Interneer Reports Record Growth

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Los Angeles-based Interneer , a developer of software-as-a-service for the business process management market, reports that it had "record growth" in 2011. Interneer's software helps automate business processes. interneer growth business process mangaement softwareThe firm, which did not disclose actual financial details or any growth figures, said its customers now include include Host Hotels & Resorts, Inc., Silliker, Inc., Jacobs Engineering Group, Inc.,

Quest Software Gets Increased Offer

socalTECH

The bidding war for Aliso Viejo-based Quest Software , the developer of IT management software, continued this morning, as the firm reported that an un-named, strategic bidder has upped its proposal to acquire the company to $27.50 quest software merger acquisition insight venture partners private equity bidding management dell

Music Reports Signs Omnifone

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Woodland Hills-based Music Reports , a provider of music royalty tracking and reporting services, said today that it has linked with cloud music provider Omnifone. The comapny said it will manage mechanical licensing and royalty reporting for Omnifone's MusicStation Platform in the United States. Music Reports provides online tracking of music rights and royalties, and is backed by private equity firm ABRY Partners.

Quest Software Eyed By Dell

socalTECH

Aliso Viejo-based Quest Software is in discussions with Dell about an acquisition, according to reports today. Quest is a provider of enterprise IT management software. quest software dell merger acquisition managementNo details on the discussions have been released, however, BusinessWeek said that Dell is mulling an acquisition of Quest, which is already in the midst of a $2 billion, going-private deal with Insight venture Partners. That deal was announced in March.

Startups Increase New Job Creation Plans, Says Report

socalTECH

A report released today by Silicon Valley Bank said that 83 percent of startups plan to hire this year, up from 73% of startups that had hiring plans in last year's survey. based private, venture capital backed software, hardware, life science, and cleantech companies. SVB said its Startup Outlook 2011 survey came from the responses of 375 U.S-based The study was conducted by independent market research firm Koski Research during February 2011.

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Hulu Halts Use Of Kissmetrics On Security Report

socalTECH

A report, published Friday by Wired, says that Los Angeles-based video streaming site Hulu has cut its use of web analytics service Kissmetrics -- a startup founded by former Orange County entrepreneur Neil Patel -- after U.C. The report from Wired said that those researchers found that Kissmetrics tracking service cannot be evaded, even when users block their cookies, turn off storage in Flash, or use "incognito mode" in a browser.

UberMedia Buys TweetDeck, Say Reports

socalTECH

Pasadena-based UberMedia , the Idealab startup which is amassing a suite of Twitter related client applications, has acquired Tweetdeck , the provider of a third party Twitter client, according to multiple reports. UberMedia is reportedly paying $30M for Tweetdeck. UberMedia has been busy buying up Twitter related client software firms, so far buying client apps Mixx, UberTwitter, Echofon, and Twidroyd Twitter clients.

MeLLmo Scores $30M For Roambi

socalTECH

MeLLmo develops business reporting and data applications which are accessible via iPhone and iPad devices. roambi mellmo venture capital sequoia iphone ipad mobile business analytics reporting software reportSan Diego-based MeLLmo , the developer of the Roambi mobile business apps for the iPhone and iPad, said Thursday afternoon that it has raised $30M in a first round of institutional funding. The round was led by Sequoia Capital.

CitySourced Heads To Hawaii

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Los Angeles-based CitySourced , the developer of mobile software used to help citizens to communicate with cities and local government, has rolled out in Honolulu, Hawaii. honolulu citysourced city municipal mobile reporting government

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UberMedia Losing TweetDeck To Twitter, Says Report

socalTECH

Upping the ante in the battle between Pasadena-based Twitter client software firm UberMedia and Twitter itself, the Wall Street Journal is reporting that Twitter is buying Twitter client software firm TweetDeck. The buy directly contradicts multiple reports that TweetDeck was to be acquired by UberMedia in February.

LumaTax Raises $2M For Small Business Tax Reporting Software

socalTECH

LumaTax develops software which can be used by small businesses to automate the paperwork required for paying sales taxes. The startup is led by Robert Shulte, who was founder of sales tax software provider Taxient, which was based in San Diego, and who he sold to tax software developer Avalara in 2010. taxient avalara diego filing capital venture reporting business small lumatax

E-Commerce Spendings Grows 13 Percent In Q3, Says Report

socalTECH

comScore said the best performing segments online were digital content and subscriptions, event tickets, jewelry and watches, consumer electronics, and computer software. The latest numbers out of comScore , which measures e-commerce spending and Internet traffic, find that U.S. retail e-commerce spending rose 13 percent, year-over-year, to $36.3 billion in Q3 of 2011. comScore said the growth is the eighth, consecutive quarter of positive, year-over-year growth for the industry.

Paragon Updates Disaster Recovery Software

socalTECH

Irvine-based Paragon Software , the developer of data storage and mobile software, reported earlier this week that it has updated its Hard Disk Manager (HDM) software. The firm, which is led by Tom Fedro, said the updated software now includes support for virtual disks, incremental backup of sector-based image backups, and more. paragon software disaster recovery hard disk storage

Report: Rapportive, Backed By Calacanis, Acquired By LinkedIn

socalTECH

Angel investor Jason Calacanis looks to have scored an exit in his portfolio, according to reports today from AllThingsD. According to those reports, San Francisco-based Rapportive , a developer of plug-ins which overlay social networking information on your Gmail account, has been acquired by LinkedIn. The report put the acquisition in the "low teens" of millions of dollars.

Silicon Beach Report Dec. 12: Mitú Launches Snapchat Discover Channel

L.A. Business Journal

Mitú launches Snapchat Discover channel, SpaceX delays first manned mission in Dragon capsule, and KidGaurd launches cellphone monitoring software for children

2012 Software, Internet & IT Infrastructure M&A Report

Technology Council

M&A report ValuationsBy Peachtree Capital Advisors Economic Backdrop – It was not the best of times, it was not the worst of times…2012. Not since the great depression has a sluggish economy and a stubborn unemployment number represented pretty good economic conditions for companies to chart their strategic courses. In 2012, the US economy experienced modest growth with real GDP growing 2.7% [.].