Cornerstone OnDemand Raises $300M From Silver Lake

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Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. Joe Osnoss of Silver Lake joins Cornerstone's board with the funding, and Silver Lake will also appoint another member of the board at a later date. cornerstone ondemand venture capital private equity silver lake merger acquisition takeover human talent software saas cloud

LinkedIn, Silver Lake Take Stake In Cornerstone OnDemand

L.A. Business Journal

Cornerstone OnDemand, a personnel management software developer, announced on Wednesday that private equity firm Silver Lake Partners and Microsoft Corp.’s s LinkedIn plan to invest $300 million in the company

Cast & Crew Acquired by Silver Lake

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Burbank-based Cast & Crew Entertainment Services , a provider of technology and payroll services to the entertainment industry, said today that it has acquired by private equity investor Silver Lake. Silver Lake was represented by Kirkland & Ellis LLP. castcrew silver lake financing capital accounting value added merger acquisition private equity entertainment hollywood content accountant outsourced

BlackLine Systems Gets Investment From Silver Lake Sumeru

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Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm Silver Lake Sumeru. According to BlackLine, its management, Silver Lake Sumeru, and ICONIQ Capital are partnering in the deal to make Silver Lake Sumerua majority shareholder in the company.

Blackline: On Track For $40M+ Revenues This Year

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A spokesperson for the firm--which just took a big majority investment from private equity firm Silver Lake Sumeru, worth over $200M--clarified the company''s revenues today in an update to our earlier story. blackline systems accounting software expansion merger acquisition silver lake

BlackLine Software Prices IPO

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BlackLine is backed by Silver Lake Sumeru and ICONIQ, but was initially bootstrapped by its management team. 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 per share. BlackLine will start trading Friday morning on the NASDAQ Global Select Market as BL.

Payvia, Mobile-XL Partner On Mobile Payments

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Mobile-XL is backed by the Tech Coast Angels, and Payvia is backed by Silver Lake Sumeru, Montgomery & Co., Los Angeles-based Payvia , which is developing mobile payment technology, and Mobile-XL , which develops software for providing access to digital services to people in Africa and India, are in a partnership, the companies said this morning.

Cast & Crew Taps PayPal Exec As Chief Technology Officer

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Cast & Crew is backed by private equity investor Silver Lake Partners. Burbank-based Cast & Crew Entertainment Services , which provides technology-enabled payroll and production-management services to the entertainment industry, has snagged a PayPal executive to serve as its new Chief Technology Officer. The company said today that Andrew Patterson, who was previously Senior Director, Transaction Engineering at PayPal Holdings, has joined as Chief Technology Officer.

Shea Ventures Backs SolarCity

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According to SolarCity, the big funding round was led by The round was led by Silver Lake Kraftwerk and Valor Equity Partners, and also included Nicholas J. Shea Ventures , the venture capital arm of Orange County homebuilder Shea Homes , has boosted its solar installation partner SolarCity , as part of an $81M equity investment in SolarCity.

BlackLine's Early Investors Eye Liquidity

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BlackLine said it is commencing an underwritten public offering of 4,500,000 shares of its common stock by investment funds affiliated with Silver Lake Sumeru, investment funds affiliated with ICONIQ and Mario Spanicciati, Chief Marketing Officer and a member of BlackLine's board of directors.

Zuma Ventures: Creating A New Technology Startup Model

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That same environment is now spreading to places like Culver City, and happened tow years ago in Silver Lake.

Payvia Becomes Outspoken, Focuses On Mobile Marketing

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Los Angeles-based Payvia , which is backed by Silver Lake Sumeru, said today that it has rebranded the company and refocused the company on SMS and MMS marketing. The company also said it has launched a new product, aimed at video transcoding for clients on a wide range of mobile devices.

payvia Buys Mogreet

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Payvia is venture backed by Silver Lake Sumeru, Montgomery & Co., Los Angeles-based mobile carrier billing service Payvia has acquired fellow Los Angeles firm Mogreet , the two companies said this morning. Financial details of the acquisition were not announced. According to payvia, the deal will allow it to offer a solution which includes mobile payments, user targeting and mobile marketing. and Trinity Ventures.

Broadcom Lines Up $100 Billion In Bid To Acquired Qualcomm

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Broadcom said it lined up 12 financial in institutions to finance the offer, including $5 billion in a revolving credit facility and bridge financing, plus investment funds from Silver Lake, KKR and CVC. Broadcom says it has lined up $100 billion in commitments to finance its proposed acquisition of Qualcomm this morning. Broadcom said the financing will allow it to fully fund the $60 per share in cash component of its $82 per share offer to acquire Qualcomm.

Kareo Names Chief Sales Officer

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The company is venture backed by Montreux Equity Partners and Silver Lake Waterman. Irvine-based Kareo has named Drew Hamilton as its new Chief Sales Officer, the company said this week, to help scale the company's sales organization. Hamilton was most recently Executive Vice President and General Manager of TeleTrac. Kareo is a developer of cloud-based medical office software, and is led by Dan Rodrigues.

BlackLine Systems Files For IPO

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BlackLine is venture backed by Silver Lake Sumeru and ICONIQ, and led by Therese Tucker. Woodland Hills-based BlackLine Systems has filed for an IPO, saying in an S-1 filing that it is looking to raise up to $100M in an IPO on the NASDAQ Global Select Market as BL. The IPO is being underwritten by Goldman, Sachs & Co., Morgan, Pacific Crest Securities, Raymond James, William Blair, and Baird.

Tealium Scores $35M More For Tag Management Software

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The company has previously raised funding from Bain Capital, Battery Ventures, Georgian Partners, Presidio Venture Partners, Silver Lake Waterman, and Tenaya Capital. San Diego-based Tealium has raised $35M more in funding, the company said Wednesday, in what the company described as growth capital. The funding came from all of its existing investors.

Cast & Crew Completes Caps Payroll Buy

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The acquisition was funded by Cast & Crew's controlling shareholder, technology investing and private equity firm Silver Lake. Burbank-based Cast & Crew Entertainment Services , the provider of technology and payroll, and production management services for the entertainment industry, said on Monday that it has completed its acquisition of Culver City-based CAPS Payroll.

A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

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In terms of that, they are people like Vista Equity, particularly, but also Summit, TPG, KKR, and Silver Lake. Next week is the Montgomery Summit (www.montgomerysummit.com), one of the longest running technology conferences held in Los Angeles. The conference is run by Jamie Montgomery , one of the local industry's pioneers in venture capital and investment.

Power-One Adds Directors

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Camarillo-based Power-One , a manufacturer of power supplies and related components, said Friday that it has added Kyle Ryland and Ajay Shah, of private investment firm Silver Lake Sumeru to its board of directors. Ryland and Shah join in conjunction with the close of a $60M investment in the publicly traded firm by Silver Lake Sumeru, earlier announced by the company.

Renovate America Raises $90M For Energy Saving Financing

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San Diego-based Renovate America has raised $90M in an equity financing round, from Silver Lake Kraftwerk, DFJ Growth, and others, the company disclosed Thursday. The company helps arrange finacing for residential, clean energy projects, working with local governments on property assessed clean energy (PACE) financing for those projects. Renovate America has previously received funding from Valor Equity Partners.

The Sugar Lab Acquired By 3D Systems

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The Sugar Lab was founded by Kyle and Liz von Hasseln, and was based in Silver Lake. Los Angeles-based startup The Sugar Lab , which was developing technology to print edible, 3D designs with sugar, has been acquired by 3D Systems. Financial terms of the acquisition wer enot disclosed.

GoDaddy IPO Set For End Of March

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GoDaddy is owned by private equity firms KKR, Silver Lake, and Technology Crossover Ventures. GoDaddy , the parent firm of LA''s Media Temple , is aiming at pricing its IPO on March 31st, according to documents circulating to investors as part of its IPO process. GoDaddy recently set the pricing range for its IPO at between $17.00 and $19.00 per share, and looks to list on the NYSE as GDDY.

BlackLine Systems Sets Estimated IPO Pricing Range

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BlackLine is venture backed by Silver Lake Sumeru and ICONIQ. Woodland Hills-based accounting software maker BlackLine Systems has moved one step closer to its IPO, saying this morning in a regulatory filing that it is expecting its IPO to price at betwen $13.00 and $15.00 per share. BlackLine, which was founded and is led by CEO Therese Tucker, is selling 8,600,000 shares of its common stock, and intends to list on the NASDAQ Global Select Market as BL.

NewFronts | Monetizing Digital Content [Live]

Tech Zulu Event

and the Ricki Lake Show. Also, she served as special counsel to WME in the recently announced Silver Lake Partners partnership. Join us tonight at 8pm right here on TechZulu for the live stream of the NewFront panel. This is your LA chance to meet the shows in LA!

Cast & Crew Entertainment Services Buys CAPS Payroll

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Financial terms of the acquisition were not announced, however, Cast & Crew said it is received "substantial additional equity" from its backer, private equity backer Silver Lake, as part of the buy.

BlackLine Systems Hires Chief Marketing Officer

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The company is backed by private equity firm Silver Lake. Los Angeles-based financial software developer BlackLine Systems has hired its first, Chief Marketing Officer, the company announced today. BlackLine said it has hired David Downing, most recently the Chief Marketing Officer of NetSuite, as its first CMO. Downing also previously served at such companies as SAP, Informatica, Oracle, Adobe, Seagate and Hill and Knowlton.

Tealium Gets $20M More For Tag Management

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San Diego-based tag management software developer Tealium announced this morning that it has raised an additional $20M in funding, from private equity investor Silver Lake Waterman. Tealium, which is led by Jeff Lunsford, said it plans to use the funding for global expansion. The company says it saw 120 percent revenue growth in Q1, and has signed up such customers as Kimberly-Clark, Carhartt, Wet Seal, and many others.

Outspoken Ties With Apple Passbook

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Outspoken, which is backed by Silver Lake Sumeru, helps companies connect with consumers using high volume, text messaging, SMS, and MMS campaigns. Los Angeles-based mobile messaging and marketing firm Outspoken , which is led by James Citron, said this morning that it is now supporting Apple''s Passbook application with its mobile marketing platform.

Cast & Crew Names CTO

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Cast & Crew Entertainment Services is backed by private equity investor Silver Lake Partners, which acquired Cast & Crew in 2015. Burbank-based Cast & Crew Entertainment Services , which provides technology and payroll and production management services to the entertainment industry, said it has named Alex Godelman as its new Chief Technology Officer.

Final Draft Acquired By Cast & Crew Entertainment

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The acquisition was supported by private equity investor Silver Lake Partners, which is the majority owner of Cast & Crew. Calabasas-based software developer Final Draft , which develops screenwriting software, has been acquired by Burbank-based Cast & Crew Entertainment Services. Financial terms of the acquisition were not announced. Cast & Crew said the buy will help expand its suite of technology solutions.

Hulu Entertaining At Least Five Bidders, Says Report

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In addition, other bidders include Time Warner Cable; DirecTV; The Chernin Group; and a bids from private equity firms KKR, Guggenheim Digital, and Silver Lake Partners/William Morris Endeavor. Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M.

GoDaddy Prices IPO, Debuts On NYSE Today

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GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures. GoDaddy , the provider of Internet domain name and related hosting services--and which has a significant LA presence due to its ownership of LA''s Media Temple --priced its IPO late Tuesday evening at $20.00 per share. The price is above its initial estimated pricing range of $17.00 to $19.00 per share. The company debuts on the New York Stock Exchange as GDDY this morning.