With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion?

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Pipe Picks Up $60M For SaaS Financing

socalTECH

pipe saas financing venture capital fintech softwareLos Angeles-based Pipe Technologies , which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60M in a funding round, the company said on Wednesday.

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Pipe Picks Up $6M For SaaS Financing

socalTECH

pipe venture capital saas financing fintech subscription paypal david sacks craftA new, Los Angeles-based fintech startup, Pipe , said this morning that it has raised $6M in its seed funding round, to launch a new platform which offers up financing to subscription-based, software-as-a-service companies. The funding was led by Craft Ventures, and also included Fika Ventures, MaC Ventures, Naval Ravikant, WorkLife Ventures, Liquid2 and The Weekend Fund.

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Why SaaS is Exploding: A whitepaper

Technology Council

Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011. IDC predicts SaaS growth at 25.3% Forester predicts SaaS will account for 26% of the package software market by 2016, while Deloitte forecasts that only [.]. saas cloud cloud strategies Dave Key report SaaS software

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown.

SaaS Is Dead, Long Live Software

InfoChachkie

It’s high time we kill the term Software As A Service (SaaS) and call it what it is – software. You’re not a SaaS company, you’re a software company. You’re not a SaaS investor, you’re a software investor. You’re not a SaaS entrepreneur, you’re a software entrepreneur. ASP To SaaS To Software. By the time we launched GoToMeeting, the term ASP had largely been replaced with Software as a Service (SaaS) and the software subscription model was firmly established.

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Why SaaS is Exploding: A whitepaper

Technology Council

Dave Key and Technology Council of Southern California Virtually everyone agrees the SaaS market is growing incredibly quickly; Gartner predicted cloud growth would be 21% in 2011. IDC predicts SaaS growth at 25.3% Forester predicts SaaS will account for 26% of the package software market by 2016, while Deloitte forecasts that only […]. saas cloud cloud strategies Dave Key report SaaS software

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Corent Technologies Finds $3.0M For SaaS Enablement

socalTECH

corent saas software enterprise enable microsoft Aliso Viejo-based Corent Technologies , the developer of software which helps turn corporate applications into software-as-a-service, has raised another $3.0M in funding, according to a regulatory filing from the firm Wednesday. Details on the funding have not yet been announced by the company.

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Servoy Upgrades SaaS Software

socalTECH

Tags: development saas software servoy

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SaaS Funding Targets Software Companies With New Santa Monica Office

socalTECH

SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. SaaS Funding's Santa Monica office is led by Charlie Perer. saas funding santa monica debt financing finance venture capital software investment

3 Reasons SaaS Savvy Entrepreneurs Don’t Build Their Own Portals

InfoChachkie

Even entrepreneurs that already sold on SaaS should stake note of new research from the SalientGroup : SaaS gets funded - Nearly 50% of SaaS-based startups are getting successfully funded—a rate of funding success no other sector can match. SaaS-based companies grow - The SaaS market is growing 3x faster than the software market (20% vs. 7%), and this rate is expected to continue through 2020. This is where SaaS gets sexy.

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SaaS Subcriptions Are Great – TranSaaSional Pricing Is Better

InfoChachkie

Software as a service (SaaS) is a popular business model because it facilitates the delivery of incremental value to customers, while allowing the vendor to adjust their prices over time. A hybrid of the SaaS model is emerging. It combines transaction pricing with a standard SaaS subscription price. In addition to a SaaS subscription fee, Vitrue and Sideqik both base their pricing on the size of the digital audiences served by their respective solutions.

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Why GoToMeeting’s SaaS Playbook Wouldn’t Work Today

InfoChachkie

During the early 2000’s, my team grew the company to one of the largest SaaS businesses of its day, with sales of $70 million. At approximately $600 million in recurring, annual revenue, the new GoTo Company will rank as one of the largest pure SaaS companies on the planet. Although there are a handful of successful SaaS vendors within the leading affiliate marketplaces, most of the traffic is now comprised of low-quality, coupon seekers of consumer products.

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SaaS/Software Revenue Workshop

SoCal Tech Calendar

Thursday, June 17, 2010 -- SaaS/Software Revenue Workshop. SDSIC. If you are a Software, Cloud-Computing or technology company and want to grow your revenue predictably and profitably, you should attend our 5 hour Revenue Acceleration Workshop. This Workshop is designed for executives who are looking for a proven and capital efficient way to consistently grow their revenue without costly marketing and sales experimentation.

SaaS 100

Corent Boosts Funding For SaaS Tools

socalTECH

Corent CEO Feyzi Fatehi confirmed the round, saying that the firm is seeing lots of traction from firms looking to "SaaS"-ify their software. corent saas software service venture capitalAliso Viejo-based Corent , which develops software tools to more easily port traditional software to the software-as-a-service model, has raised $3.2M in a funding round.

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Turn Your Software App into SaaS in Days

SoCal Tech Calendar

Wednesday, November 7, 2012 -- Turn Your Software App into SaaS in Days! How do you turn your software application into a fully operational, Software-as-a-Service (SaaS), without investing a lot of time, programming resources, and money into the effort? Corent Technology, the emerging leader in Software to SaaS transformation is offering a complimentary and informative breakfast session hosted by IBM at IBM La Jolla office on Nov.

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Parallax Capital Partners Buys SaaS Firm Daptiv

socalTECH

Laguna Hills-based Parallax Capital Partners , an investment group which acquires and operates software companies, said today that it has acquired Seattle-based Daptiv , a provider of online software-as-a-service for project and portfolio management. Financial terms of the acquisition were not announced. Parallax said that Daptiv operates a profitable business with recurring revenues of nearly $20M.

SaaS 138

Turn Your Software App into SaaS in Days

SoCal Tech Calendar

Thursday, November 1, 2012 -- Turn Your Software App into SaaS in Days! How do you turn your software application into a fully operational, Software-as-a-Service (SaaS), without investing a lot of time, programming resources, and money into the effort? Corent Technology, the emerging leader in Software to SaaS transformation is offering a complimentary and informative breakfast session hosted by IBM at IBM La Jolla office on Nov.

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What SAAS Companies Need to Know About Network Management?

Tech Zulu Event

We’ve even created an acronym for these kinds of services: software as a service (SAAS). The software itself is hosted by a third party, SAAS service provider, which is responsible for maintaining software or hardware associated with the application. Overall, there are three main players in the SAAS network: the service provider, the software developer and end-customers using the software. Collaboration among these parties often exposes SAAS networks to greater risks.

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Four Innovative SaaS To Get Excited About

Tech Zulu Event

SaaS – or Software as a Service – platforms are all the rage. Essentially a business model where software is licensed and distributed from a central location, SaaS companies can now be found in telecoms, human resources, and more. Founded by Amit Rathmore in California, Quintype delivers modern-day media operations via this cloud-based SaaS service. RelinkLabs is a pioneering HR SaaS tool based in Scandinavia.

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Above the Cloud with Dave Linthicum | Shifting Perspectives on SaaS and Enterprise IT

Tech Zulu Event

Join us for a special evening with InfoWorld’s Dave Linthicum as he delves into global enterprise software trends with some of LA’s most successful SaaS and cloud computing companies. The opportunities cloud computing and SaaS afford management. Paths to SaaS and cloud computing that will work for your enterprise. The post Above the Cloud with Dave Linthicum | Shifting Perspectives on SaaS and Enterprise IT appeared first on TechZulu.

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Cloud Computing and Software as a Service (SaaS) $160 Billion Market Opportunity

SoCal Tech Calendar

Wednesday, May 19, 2010 -- Cloud Computing and Software as a Service (SaaS) $160 Billion Market Opportunity. software as a service", "SaaS" or "on-demand") is a popular way to access, use and pay for business support software and provides a viable business model in this emerging field of cloud computing. MIT Enterprise Forum of the Central Coast. Cloud computing is estimated to be a $160 billion market opportunity by 2011 (Merrill Lynch).

CallFire Extends Its Leadership in Cloud Telephony With Launch of Next-Gen SaaS Communications Platform

Tech Zulu Event

Built from the ground up using technologies leveraged by Internet giants like Facebook, and the feedback of hundreds of customers over a five-year period, the new CallFire is a cross-datacenter SaaS platform with no single point of failure. The post CallFire Extends Its Leadership in Cloud Telephony With Launch of Next-Gen SaaS Communications Platform appeared first on TechZulu. Apps & Software Government Marketing analytics CallFire communication Dinesh Ravishanker Saas

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ClickUp Wins The San Diego Padres

socalTECH

clickup diego padres workplace productivity software cloud saasSan Diego-based workplace productivity software developer ClickUp reported this morning that it has been selected by the San Diego Padres, to power the team's IT operations. Financial details of the win were not announced. ClickUp is led by founder and CEO Zeb Evans. ClickUp said that the Padres will use its platform to organize, manage and track all team tasks, goals, docs, communications and more.

ClickUp Connects With $100M

socalTECH

clickup remote work collaboration software venture capital georgian workplace saas cloudSan Diego-based software developer ClickUp , which develop workplace apps, says it has raised $100M in its Series B funding round. The funding was led by Georgian, and also included Craft Ventures. ClickUp says it has now raised $135M in total. ClikUp offers up a range of corporate apps, including project management, chat, docs, time management, wikis, goal tracking, dashboards, and more.

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Well Health Offers Up COVID Vaccination Scheduling

socalTECH

well health covid vaccine vaccination scheduling patient saas cloudSanta Barbara-based patient communications and digital health provider Well Health said this morning that it has added new COVID vaccination self-scheduling capabilities in its app. The company said the new features are through third party partnerships. WELL Healths ays it so far has helped its providers 4 million COVID vaccine-related messages and more than 1 million COVID vaccine appointments.

ServiceTitan Snags $500M, Valuing Firm At $8.3 Billion

socalTECH

servicetitan venture capital unicorn service consultant home contractor software saas cloudGlendale-based ServiceTitan, which develops software used by home service providers and others in the trades to manage appointments, billing, marketing, and more, has raised a huge, $500M funding round. The new funding values the company at $8.3 billion. The funding was led by Tiger Global and Sequoia Capital, and also included H.I.G.

NuOrder Gets $45M For Fashion Merchandising

socalTECH

saas cloud software ecommerce brightonpark capital venture technology merchandise merchandising fashion nuorderLos Angeles-based NuOrder, which provides technology that allows fashion brands and retailers to process and manage orders, has raised $45M in a funding round, the company said this week. The funding was led by Brighton Park Capital and Imaginary Ventures.

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EZ Texting Links With Shutterstock

socalTECH

texting shutterstock business software saas cloudSanta Monica-based business texting software developer EZ Texting, which is venture backed by Morgan Stanley Expansion Capital, Investor AB, and ROCA Partners, said last week that it has partnered with Shutterstock. According to the companies, the partnership makes millions of free images available to EZ Texting customers. EZ Texting said the new feature comes via Shuterstock's API.

Ten of Southern California's Top Software Companies

socalTECH

technology computing algorithm saas softwareSouthern California is often criticized for having too many startups which only revolve around brand, celebrity, ecommerce, and. marketing, and not enough of the traditional, software-and-algorithm intensive startups you'd expect to see in Silicon Valley. However, that's not always the case.

Boulevard Partners For Salon Waste Reduction Effort

socalTECH

boulevard salon saas cloud fashion sustainability cleantech green recycling beautyLos Angeles-based Boulevard , a startup which is developing business management software for salons and spas, says it has partnered with Green Circle Salons on a waste reduction effort. Green Circle Salons offers up recycling, recovering, and repurposing beauty waste from salons and spas. Boulevard said it will help increase the visibility of the Green Circle Salons initiative.

Cornerstone OnDemand Links Software With Microsoft Viva

socalTECH

cornerstone ondemand microsoft viva learning software integration employee cloud saasSanta Monica-based Cornerstone OnDemand, which provides employee development tools and online learning management, says it has integrated with Microsoft's new Viva software. Viva, Microsoft's new "employee experience" software, is aimed at connecting remote workforces with communications, learning, knowledge sharing, and other features.

ServiceTitan Acquires ServicePro

socalTECH

servicetitan servicepro merger acquisition residential commercial software saas cloudLos Angeles-based ServiceTitan, which develops software which helps residential and commercial service contractors manage their business, said today that it has acquired ServicePro, a developer of software for the pest, lawn, and arbor industries. Financial details of the buy were not announced. According to ServiceTitan, it will help ServicePro to scale its support and product development.

Central Desktop Gets $5.0M In Credit Line

socalTECH

line of credit from SaaS Capital, SaaS Capital said Thursday morning. Saas Capital provides alternative financing to SaaS businesses. central desktop saas cloud collaboration software venture capital lending credit Pasadena-based Central Desktop , which develops cloud-based collaboration software, has scored a $5.0M

MomentFeed Rolls Out New Proximity Search Dashboard

socalTECH

momentfeed proximity search brands location software saas optimization advertising localSanta Monica-based MomentFeed , which develops software to help multi-location brands manage their reviews, location listings, and much more, says it has rolled out a new product. According to MomentFeed, its new Proximity Search Optimization Dashboard allows multi-location brands to easily monitor and manage how well their local marketing efforts are performing.

Classy Powers $37.9M In Giving Tuesday Donations

socalTECH

classy giving tuesday nonprofit charity saas software cloudSan Diego-based online nonprofit fundraising software developer Classy reports that nonprofits on the service raised $37.9M on Tuesday, Giving Tuesday, the highest amount raised on a single day on its platform. The company said the amount raised through the platform came from 261,000 donors, and was an increase of more than $18M over totals collected last year on the platform.

Seismic Acquires Grapevine6

socalTECH

seismic merger acquisition grapevine6 sales software marketing saas cloudSan Diego-based Seismic , which develops sales enablement and marketing software, has acquired Grapevien6 , a social and digital sales software developer. Financial terms of the acquisition were not announced. Seismic said the buy will power a new integrated offering it is calling Seismic LiveSocial, which will use the artificial intelligence (AI) engine created by Grapveine6.

Boulevard Finds $27M More For Salon Software

socalTECH

boulevard salon software venture capital saas cloud fashionLos Angeles-based Boulevard , which develops software to help salons manage their business operations, has raised $27M more in a Series B funding, the company announced on Monday. The funding was co-led by Index Ventures and Toba Capital, and also include VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup. According to Boulevard, it will use the funding to expand its team and platform.

AuditBoard Snags Two Executives From Cisco

socalTECH

auditboard executive software compliance risk saas cloud cisco schmit chris doellLos Angeles-based cloud-based software developer AuditBoard--which develops software for managing audit, risk, and compliance programs--says it has named two executives this morning. The company said it has named Tom Schmit as Chief Revenue Officer and Chris Doell as Chief Customer Officer.

AutoVitals Gets Private Equity Investment

socalTECH

Goleta-based AutoVitals , which develops software-as-a-service (SaaS) products for the automotive repair and maintenance software business, has raised a round of private equity, the company recently announced, from private equity investor Tritium Partners. autovitals private equity investment auto automotive software saas growth strategic belmonte executive

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Greenfield Groves Buys Telehealth Software Platform

socalTECH

greenfield groves telehealth merger acquisition health wellness cloud software saasIrvine-based Greenfield Groves ,, a telehealth and wellness company, said it is acquiring a proprietary telehealth software platform developed by Healthcare Technologies LLC. Financial details of the acquisition were not announced. According to Greenfield Groves, it will use the acquisition to help accelerate its speed to market.

Scalefast Adds $22M For eCommerce Tools

socalTECH

brands retailer retail cloud saas software store online commerce ecommerce capital venture scalefastLos Angeles-based Scalefast , a developer of direct-to-consumer, e-commerce software, has raised $22M in a Series B funding round. The funding came from Xplorer Capital, Stereo Capital, FJLabs, Benhamou Global Venture and Credit Mutuel Equity. According to Scalefast, it will use the new funding to expand its team, footprint, and product offering.

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ThinkIQ Connects With $11.6M

socalTECH

cloud saas quality manufacturing software capital venture thinkiqAliso Viejo-based software developer ThinkIQ , which is developing software for the manufacturing industry, said today that it has raised $11.6M in its Series A funding round. The funding was led by Ecosystem Integrity Fund (EIF), and also included Hitachi Ventures and ArcTern Ventures.