article thumbnail

Procore Set For $592M IPO This Week

socalTECH

Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business. billion market cap.

article thumbnail

Procore Prices IPO, Starts Trading Today

socalTECH

Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 The IPO is the first in the technology sector in the Santa Barbara area since Sonos went IPO in 2018. Piper Sandler & Co.,

Pricing 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 The IPO is the first in the technology sector in the Santa Barbara area since Sonos went IPO in 2018. above its debut, up 31.34%.

article thumbnail

GraphIQ Acquired By Amazon.com

socalTECH

Santa Barbara-based GraphIQ , the visualization software developer led by technology veteran Kevin O'Connor, has quietly been acquired by Amazon.com , it emerged today. Financial details of the acquisition were not announced. A report from the LA Times estimates the acquisition was worth around $50M.

article thumbnail

HG Insights Powers New Forrester Market Research Offering

socalTECH

Santa Barbara-based software developer HG Insights is powering a new market research offering from research and advisory giant Forrester, to power Forrester's new Business Technographics Service.

Research 133
article thumbnail

D2 Technologies Adds Full Skype Support

socalTECH

Santa Barbara-based D2 Technologies , which develops software development kits for the mobile communications market, said today that its mCUE product now has full support for Skype. Tags: technologies skype mcue embedded voip software. The firm has had more limited Skype support since February.

article thumbnail

Yardi Buys WUN Systems For Coworking Software, Systems

socalTECH

Santa Barbara-based real estate management software developer Yardi has acquired WUN Systems , the developer of technology used to manage coworking and shared workspaces, the company said late Wednesday. Financial details of the acquisition were not announced.