PayEngine Picks Up $1.6M for SaaS Payments

socalTECH

payengine venture capital startup saas seed funding financingLos Angeles-based PayEngine, a startup developing a white label, payment platform for software-as-a-service companies, has raised $1.6M in a seed funding, the company said this morning. The funding came from Mucker Capital, BAM Ventures, I2BF Global Ventures, HIVE Ventures and other strategic investors, according to the company. Spartak Buniatyan is founder and CEO of PayEngine.

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Obsidian Security Adds $90M For SaaS Security Efforts

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cybersecurity capital venture saas security obsidianNewport Beach-based Obsidian Security, a developer of software-as-a-service security tools, has raised $90M in its Series C funding round. The funding was led by Menlo Ventures, Norwest Venture Partners and IVP, with participation from existing investors Greylock, Wing and GV. As part of the funding, Obsidian said it has added Venky Ganesan to its board of directors. The company says it has now raised $119.5M in total financing.

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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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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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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.

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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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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SaaS Funding Targest Software Companies With New Santa Monica Office

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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

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

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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.

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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.

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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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Events.com Launches Event Planning Tools

socalTECH

events event planning software saas cloudSan Diego-based.

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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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GoGuardian Adds Education Vet To Board

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goguardian executive educational technology saas techforamerica elisa villanuevaLos Angeles-based educational technology developer GoGuardian announced today that it has added Elisa Villanueva, the CEO of Teach for America, to its board of directors. Villanueva was named co-CEO of Teach for America in 2013, and has held the role of sole CEO since 2015. GoGuardian develops educational software for the K-12 educational market.

LogicMonitor Names CIO

socalTECH

logicmonitor executive saas software ryan worobelSanta Barbara-based LogicMonitor, a developer of software-as-a-service for managed service providers, says it named Ryan Worobel as the company's new Chief Information Officer (CIO). Worobel was most recently Executive Vice President and CIO at Incora, and also served at Maersk Line, Zuora, Dell and Salesforce.

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Mojix Bolsters Board

socalTECH

mojix executive board software saas supply chainLos Angeles-based Mojix announced today that it has added a new member to its Board of Directors. The developer of software-as-a-service products for supply chain tracking said it added Marc Hafner, most recently the CEO of Revionics, to its board. Hafner previously also served at NEC< BroadCloud, and Westell.

Clearlake Capital-Backed Discovery Education Buys DoodleLearning

socalTECH

clearlake capital doodle learning merger acquisition education software discovery discoveryeducation saas stemDiscovery Education, a developer of educational software and content--which is backed by Santa Monica-based private equity investor Clearlake Capital--has acquired DoodleLearning, a developer of educational software. Financial terms of the deal were not announced by the company.

Mavenlink, Kimble Applications Become Kantata

socalTECH

According to the company, the company will "accelerate the development and delivery of the most comprehensive range of vertical SaaS solutions purpose-built to help professional services organizations optimize and elevate operational performance to build thriving businesses." kantata mavenlink kimble merger acquisition saas professional services

Promenade Launches Point of Sale Software For Florists

socalTECH

promenade florist floral bloomnation software saas cloudSanta Monica-based Promenade Group said today that it has launched its new, point-of-sale software product aimed at florists. The company--previously known as BloomNation--says its new software, BloomNation powered by Promande POS, allows florists to run their flower shop with management solutions for ordering, delivery, invoicing, proposals, and more. Promenade Group spent 12 years as BloomNation, which ran a floral delivery service.

Drata Expands Offerings

socalTECH

management risk software automation saas compliance drataSan Diego-based security and compliance automation software developer Drata--which is venture backed by ICONIQ Growth, Alkeon Capital, Salesforce Ventures, GGV Capital, Cowboy Ventures, Leaders Fund, Okta Ventures, SVCI, and SV Angel--said Friday morning that it has launched a new product.

Cornerstone OnDemand Completes Sumtotal Buy

socalTECH

cornerstone ondemand csod human resource elearning compliance software saas merger acquisition sumtotalSanta Monica-based Cornerstone OnDemand, the maker of human resources software whcih is now owned by private equity firm Clearlake Capital Group, says it has completed its acquisition of SumTotal, a provider of learning and human capital management software. The deal is worth approximately $200M. SumTotal was previously part of Skillsoft.

TRNXN Invests In Tabski

socalTECH

trnxn strategic investment abski venture qrcode restaurant ordering saas softwareNewport Beach-based payment and point-of-sale software company TRNXN announced on Wednesday that it has made an investment in Tabski, a developer of QR code ordering software. Financial details of the investment were not announced.

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Boulevard Parks $70M Funding Round

socalTECH

boulevard venture capital appointment software saas self careLos Angeles-based Boulevard, which is developing a software platform for appointment-based, self-care businesses, said this morning that it has raised $70M in a Series C funding round. The funding was led by Point72 Private Investments, with participation from Toba Capital, Index Ventures, Bonfire Ventures, BoxGroup, and VMG Partners.

Classy: More Than $1.1 Billion Raised For Nonprofits

socalTECH

classy nonprofit charity fundraising software saas cloudSan Diego-based nonprofit fundraising software developer Classy says that more than $1.1 billion was raised by its nonprofit customers on its platform in 2021. The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform.

Cornerstone OnDemand Acquires SumTotal

socalTECH

cornerstone ondemand csod human resource elearning compliance software saas merger acquisition sumtotalSanta Monica-based human resources and e-learning software developer Cornerstone OnDemand has acquired SumTOtal, a competing provider of learning and human capital management software, according to private equity backer Clearlake Capital. Financial terms of the acquisition were not announced.

Kareo and PatientPop Win New Client In WA

socalTECH

software cloud saas healthcare management practice clinical patientpop kareoIrvine-based cloud-based clinical and practice management software developer Kareo, along with recently merged PatientPop, said the company has scored a win with a company in Washington state. According to the two, they have signed up Bellevue Pain and Wellness, PLLC as a customer. Financial impact of the win was not announced. Kareo and PatientPop merged in 2021, forming a new company called Tebra.

Slingshot Aerospace Wins $25.2M From U.S. Space Force

socalTECH

slingshot aerospace space simulation collision avoidance software saas spaceflight usspaceforce ussf defense military spacewerxEl Segundo- and Austin-based Slingshot Aerospace has scored a $25.2M contract from the U.S. Space Force, the company said this week, to develop a new space training product called Digital Space Twin. According to the company, it will develop a government version of the product for space wargaming and other missions gritical to national security.

Performio Names CRO, CTO

socalTECH

performio neil graham dmitri korablev software sales saasIrvine-based sales commission software developer Performio has named Neil Graham as its new Chief Revenue Officer, and Dmitri Korablev as its new Chief Technology Officer, the company said this week. Graham previously served at Salesforce.com, Tealium, PayIt, and Jive, and also has served at Oracle. Korablev was most recently VP of Engineering at Datometry, and also served at GE Digital, Deem, and Informatica.

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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.

KinderSystems Merges With NoHo Software

socalTECH

kindersystems noho software child care headstart saas merger acquisition controtecEscondido-based software developer KinderSystems, which develops software-as-a-service for child care providers and Head Start programs and agencies, says it has merged with NoHo Software. Financial details of the merger were not announced. KinderSystems was known, until last month, as Controltec, Inc. Noho Software was founded in 1995.