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'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.

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.

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.

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.

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.

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.

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.

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.

Kareo Adds $55M In Funding

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The funding was led by Montreux Equity Partners, and also included Silver Lake Partners and the company's existing investors. Irvine-based Kareo , the developer of cloud-based software used to manage medical practices, said this morning that it has raised $55.4M in a new funding round. Kareo, which is led by Dan Rodriguez, offers up cloud-based software used by small and other independent medical practices to manage all of their billing and operations.

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.

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.

Cornerstone OnDemand Boosts Board With Trio Of New Members

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Steele also sits on the board of Splunk, and will represent private equity firm Silver Lake as the company's second representative on Cornerstone's board. Santa Monica-based Cornerstone OnDemand , which develops cloud-based learning and human capital management software for the enterprise, said late Tuesday that it has nominated a trio of new members to its board of directors.

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 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.

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.

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.

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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.

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.

GoDaddy Selects NYSE For IPO Effort

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GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures. GoDaddy , the parent of Los Angeles-based website hosting service MediaTemple , said in a regulatory filing late Tuesday that is has selected the NYSE for its IPO. GoDaddy said that it hopes to trade under the ticker symbol GDDY. GoDaddy filed for an IPO back in June.

FanMix Spins Out Of SocialEngine

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SocialEngine develops software which makes it easy for users to create their own, social website or online community; the firm has been the driving force behind Silverlake HQ, the community of startups in the Silver Lake area of Los Angeles, which includes SocialEngine, Ad Hoc Labs (Burner), Green Business Base Camp, and others.

Broadcom Adds Swainson To Board

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Swainson was CEO of CA from 2004 to 2009, and is now a senior advisor to private equity firm Silver Lake Partners. Tags: board equity private lake silver semiconductor executive broadcom

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.

Mobile Messenger Names, Promotes VPs

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Los Angeles-based Mobile Messenger , the mobile marketing firm majority owned by Silver Lake Partners, said earlier this week that it has named Larry Robiner as its VP of CRM Channel Sales. Robiner joins the firm from Epsilon, where he was VP of Business Development. In a related move, the firm said it has promoted Amy Dudman at Senior Vice President of Strategic Operations at the company. READ MORE>>.

Science Inc. Gets $20M In Debt Funding, Grows To 150 People

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According to Fortune, the funding came from private equity investor Silver Lake Waterman. Los Angeles based startup incubator/studio Science --which is behind such local startups as Dollar Shave Club and DogVacay--has quietly raised $20M in a debt financing round, according to the companies. Science said that it will use the new growth funding to enhance its technology platform.

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.