Pipe Picks Up $60M For SaaS Financing

socalTECH

Los 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. pipe saas financing venture capital fintech software

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SaaS Is Dead, Long Live Software

InfoChachkie

Software terminology is stubbornly not following a similar evolution. It’s high time we kill the term Software As A Service (SaaS) and call it what it is – software. Even Salesforce abandoned it’s silly “No Software” tagline, after the company had to explain in 2015 that it meant, “No legacy software, just cloud software.”. You’re not a SaaS company, you’re a software company. You’re not a SaaS investor, you’re a software investor.

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Pipe Picks Up $6M For SaaS Financing

socalTECH

A 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 provides "instant cash advance" against the value of software subscriptions, allowing companies to receive the full annual value of their subscriptions immediately, rather than month-to-month.

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SaaS Funding Targest 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.

Servoy Upgrades SaaS Software

socalTECH

Thousand Oaks-based Servoy , a developer of software for developing software-as-a-service applications, said Monday that it has upgraded its namesake platform. According to the company, the upgraded software includes updates such as real-time clustering, drag-and-drop support, and ability to run applications either as software-as-a-service or through on-premise deployment. Tags: development saas software servoy

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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

SaaS 116

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.

ringDNA Launches AI Sales Software

socalTECH

Los Angeles-based ringDNA , which develops sales engagement software, says it has launched a new, artificial intelligence (AI) product, which it says helps recommend actions for sales reps, to increase success. The company claims its AI software automatically providing sales reps with a curated list of which accounts, leads and contacts to reach out to next, with the messaging most likely to result in revenue. ringdna artificial intelligence sales software saas cloud

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SaaS/Software Revenue Workshop

SoCal Tech Calendar

Thursday, June 17, 2010 -- SaaS/Software Revenue Workshop. 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. SDSIC. 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 Technologies Finds $3.0M For SaaS Enablement

socalTECH

Aliso Viejo-based Corent Technologies , the developer of software which helps turn corporate applications into software-as-a-service, has raised another $3.0M Corent, which is led by Feyzi Fatehi, develops software used by companies to easily transition their.NET software applications to the software-as-a-service model, short cutting the time it takes for converting legacy and in-house enterprise apps to the web and mobile model.

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Greenfield Groves Buys Telehealth Software Platform

socalTECH

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

YAPI Finds Funding For Dental Software

socalTECH

North Hollywood-based Yapi , a provider of paperless communications and account management software for dental practices, says it has raised a round of growth investment from M33 Growth. YAPI's software allows dental practices to automate administrative tasks. saas investment growth capital venture cloud paperless software dental yapi

Corent Boosts Funding For SaaS Tools

socalTECH

Aliso Viejo-based Corent , which develops software tools to more easily port traditional software to the software-as-a-service model, has raised $3.2M corent saas software service venture capital

SaaS 179

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.

SaaS 109

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. Affiliate Marketing – In the early days of Commission Junction, there were enough credible publishers that it was possible to generate substantial sales of b-2-b software solutions.

SaaS 141

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.

SaaS 100

ServiceTitan Buys CUC Software

socalTECH

Glendale-based ServiceTitan has acquired CUC Software , a developer of business software products aimed at the heating, ventilation, and air conditioning industry, the company said this week. CUC Software was based in Billings, Montana, and was founded in 1981. According to ServiceTitan, CUC Software's customers were largely based in Canada. CUC Software was developed by Jack Vannoy and Carolyn Slayden in 1981.

Klio Studio Launches Cloud Production Management Software

socalTECH

klio studio production management cloud software startup hollywood content workflow saasHollywood-based Klio Studio , a new startup, said this week that it has launched a new, cloud-based production management solution aimed at the film, television, and commercial production market. The company--led by Adrienne Lunson--said it has developed a system to handle such aspects of production as development, fundraising, pre-production, production, post-production and even release.

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. Tags: parallax capital partners daptiv merger acquisition software project portfolio management

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Brace Picks Up $10M For Mortgage Serving Software

socalTECH

Santa Monica-based Brace , a startup developing software to automate mortgage servicing, has raised $10M in a Series A funding round, according to the company. finance fintech cloud saas software servicing mortgage capital venture braceThe funding was led by Point72 Ventures, and also included Crosslink Capital. Brace said the new funding brings its total raised to $15M. The new funds will go towards expansion of its platform and technology.

Ten of Southern California's Top Software Companies

socalTECH

marketing, and not enough of the traditional, software-and-algorithm intensive startups you'd expect to see in Silicon Valley. We've identified ten of the more technically interesting companies working on software in Southern California, using our unscientific, unproven, and undoubtedly biased informal polling. The firm's software is now being. The company's software is being included in the Linux. technology computing algorithm saas software

Specright Picks Up $8.8M For Specifications Software

socalTECH

Irvine-based Specright , a developer of specification data management software, has raised $8.8M Specright's software is used to develop supply chain specifications for packaging, products, and raw materials. The company said the new funds go to help the firm advance its software, including accelerating product development, hiring, and expanding globally. enterprise cloud saas chain supply capital venture software specifications specright

Enterprise Software Is Back: SoCal Sees Surge In Software Deals

socalTECH

If you look at the last few weeks of deals here, you might be surprised: it''s almost been entirely enterprise software. for its cloud-based medical offices software. Why the sudden interest in cloud-based, enterprise software? Invoca CEO Jason Spievak echoed that, saying that investors are now realizing that cloud-based companies are able to deliver 90 percent plus gross margins, something that traditional software companies struggle to deliver.

PetDesk Finds $12M For Veterinary Software

socalTECH

San Diego-based PetDesk , a developer of software used by veterinarians, announced Friday morning that it has raised $12M in a Series B funding round. PetDesk develops online software used to manage veterinary practices. The company's software handles appointments, reminders, confirmations, health records, and other health data tracking for pets. petdesk veterinary software grooming grommers venture capital saas cloud manageent

ResMed To Add To Software Offerings With $750M MatrixCare Acquisition

Xconomy

Medical device maker ResMed has agreed to acquire Minnesota-based MatrixCare, which makes software for long-term care providers, for $750 million. San Diego’s ResMed (NYSE: ticker[[RMD]]) announced its intention to buy the privately held tech company on Monday.

BlackLine Software Prices IPO

socalTECH

Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 saas software accounting acquisition merger blackline

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). Usually, a company provides subscription based access to subscribers allowing these subscribers to use software in the cloud. The software itself is hosted by a third party, SAAS service provider, which is responsible for maintaining software or hardware associated with the application. 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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eSub Construction Software Finds $12M For Project Management Tools

socalTECH

San Diego-based eSub Construction Software , a startup developing construction project management tools, has raised $12M in a funding round, the company announced this morning. eSub, led by founder and CEO Wendy Rogers, develops construction management software, which produces daily reports, RFIs, change orders, handles purchase orders, and more. esub contruction software project management venture capital saas

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Fetch Aims Software At Veterinarians

socalTECH

Irvine-based Fetch , a new software platform aimed at veterinary practices, said it has launched, aimed at helping veterinarians with managing their businesses and communicating with clients. fetch software veterinarian veterinary saas practice managementAccording to the new service, it is looking to replace "antiquated" systems that veterinarians use to remind pet owners of routine care such as wellness exams and vaccinations.

Classy Captures $18M For Nonprofit Software

socalTECH

San Diego-based Classy , which develops cloud-based software used by nonprofits for fundraising, disclosed that it has raised $18M in a new funding round. salesforce cloud saas software fundraising nonprofit capital venture stayclassy classyThe funding came from Mithril Capital Management and Salesforce Ventures. Classy was founded in 2006 as StayClassy, and also counts Bullpen Capital and Venture51 as backers.

Electricitybilling.com Debuts New Software

socalTECH

Santa Monica-based Electricitybilling.com said today that it has launched a new version of its software, which is used for electricity billing by utilities. According to the company, the new software features such features as HTML invoices, PayPal and Braintree payment integration, a new utility meter reading application for the iPad and iPhone, and third party APIs. electricitybilling startup cloud software utility cleantech saas

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Anchore Gets $5M For Software Container Security

socalTECH

Santa Barbara-based Anchore , which is developing security software aimed at the "container" market, has raised $5M in a funding round, the company disclosed this morning. anchore venture capital container software security virtualization saas said ziouani ansible eucalpytusThe funding came from local angel Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures. Anchore is led by Said Ziouani, a veteran of Eucalyptus and Ansible.

Procore Raises $50M More For Cloud Software

socalTECH

Carpinteria-based construction software developer Procore , which is led by Tooey Cortemanche, announced late Thursday that it has raised $50M in a new funding, led by ICONIQ Capital. The company's cloud-based construction software is used to manage construction projects. management project growth software saas construction capital venture procore

Vroozi Raises $4M For Procurement Software

socalTECH

Los Angeles-based Vroozi , a developer of cloud-based, B2B procurement software, has raised $4M in a funding round, the company said this morning. cloud saas growth expansion capital venture software procurement vrooziThe funding was led by Ally Holdings. The startup, led by Steve Olds, said the funding will go towards growing its sales organization, as well as for development efforts. READ MORE>>.

AuditBoard Find $40M For Risk, Compliance Software

socalTECH

Los Angeles-based AuditBoard , a developer of risk and compliance software used to help auditors streamline their work, has raised $40M in a funding round, the company disclosed this morning. Los Angeles is becoming quite the hub for accounting software companies; the city already has one big public accounting software developer, BlackLine, and also has FloQast, an accounting software developer venture backed by Insight Venture Partners, Toba Capital, and Polaris Partners.

LiveTime Software Acquired By Absolute Software

socalTECH

Newport Beach-based LiveTime Software , a developer of cloud-based, IT service management software, has been acquired by Absolute Software. Absolute Software said it paid less than $15M in cash and stock for LiveTime, which includes a three year earn-out. Absolute Software said that LiveTime's products are complementary to its existing product lines. Absolute Software is based in Vancouver, Canada.

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).

PSI Services Buys Software Secure

socalTECH

Burbank-based testing software and services provider PSI Services announced this morning that it has acquired Software Secure , a provider of cloud-based, online testing services for the higher education, K-12, and certification markets. services software secure merger acquisition online testing education cloud saas

SOA Software Debuts New Product

socalTECH

Los Angeles-based SOA Software said this morning that it has launched a new product. SOA Software said its new product, the SOA Software Datacenter API Platform, is aimed at the "software-defined datacenter", and helps its customers abstract data center resources from applications. software management middleware saas enterprise datacenter

Restaurant365 Gets $20M For Restaurant Management Software

socalTECH

Restaurant365 was founded in 2011 by Morgan Harris, John Moody and Tony Smith: the company said its software is already used by such chains as Sbarro, MOD Pizza, Capriotti's Sandwich Shop, Texas de Brazil, Luke's Lobster, Freddy's Frozen Custard & Steakburgers, Ono Hawaiian BBQ, Blaze Pizza, and many others. restaurant365 venture capital saas cloud software management restaurant food service