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.

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BlockFraud Finds $5M For Anti-Fraud Software

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Santa Monica-based BlockFraud , a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. blockfraud antifraud software artificial intelligence machine learning venture capital

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Report: Snap Buys Ad Tech Firm Flite

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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.

VC Confidence Holds Steady in Quarterly Survey, But Reasons Change

Xconomy

DreamHost Planning Software Spinout

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Los Angeles-based hosting provider DreamHost , the provider of web hosting and managed hosting services, is planning a new, open source software spinout, the firm revealed this week, as it looks to leverage its work on the Ceph open source project for distributed storage. The Ceph open source project is a distributed storage software package which was originally created by Dreamhost co-founder Sage Weil for his doctoral dissertation at UC Santa Cruz.

HID Acquires Software Firm

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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.

Music Reports Signs Mobile Music Service

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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

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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.

San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship. The Connect Innovation Report found that 405 software, technology, and life sciences startups were created last year in San Diego County.

Silicon Beach Report July 7: Clearlake Capital Sells Software Firms to Centerbridge Partners for $1.26 Billion

L.A. Business Journal

Clearlake Capital sells software firms to Centerbridge Partners for $1.26 billion, SpaceX and ULA asked to bid on five launches by U.S. Air Force, and VP Pence is bullish on SpaceX

Hulu Updates Roku Software

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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: Lynda.com Tops $70M In Annual Revenues

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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.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. —Colorado-based Webroot said in September it had acquired CyberFlow Analytics , the 2013 startup developing analytic software and machine learning technology to monitor the data flowing in and out of networks for anything that looks out of the ordinary.

Private Equity Firm Puts Epicor Software On Market

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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.

Silicon Beach Report July 21: Cinq Music Raises $20 Million Series B

L.A. Business Journal

hires Swiss team behind anti-reverse engineering software Cinq Music raises $20 million Series B, Snap Inc. selling Spectacles in Harrods of London, and Snap Inc.

Report: ExpenseCloud Acquired By TriNet

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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.

UberMedia Planning Twitter Competitor, Says Report

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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

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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

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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

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.

Report: Websense On The Block

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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.

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.

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

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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

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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

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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

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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

Quest Software Eyed By Dell

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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.

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.

Silicon Beach Report June 14: Mayor Garcetti Announces Youth Tech Jobs Program

L.A. Business Journal

s youth, insurance mobile app startup Sure raises $8 million, and computer software company Datum Security acquired by Prevalent Mayor Garcetti plans tech jobs for L.A.’s

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.