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BlackLine Systems Gets Investment From Silver Lake Sumeru

socalTECH

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. As part of the investment, Silver Lake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.

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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.

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Cornerstone OnDemand Raises $300M From Silver Lake

socalTECH

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.

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

socalTECH

It looks things are definitely growing at financial software firm Blackline Systems , as the firm clarified that it actually did just over $25M in revenues in 2012, and is on track to have $40M plus in revenues for 2013. blackline systems accounting software expansion merger acquisition silver lake' READ MORE>>.

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FanMix Spins Out Of SocialEngine

socalTECH

Fanmix , a startup developing "social inbox" software to manage a user's social conversations on Twitter, Facebook, LinkedIn, blogs, comment threads, and elsewhere, has spun out of Los Angeles-based Social Engine , according to Social Engine co-founder and new FanMix head Charlotte Genevier.

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Tealium Scores $35M More For Tag Management Software

socalTECH

Tealium is a developer of enterprise tag management software. The company has previously raised funding from Bain Capital, Battery Ventures, Georgian Partners, Presidio Venture Partners, Silver Lake Waterman, and Tenaya Capital. The latest round looks to have taken the total raised by the company to north of $100M.

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Payvia, Mobile-XL Partner On Mobile Payments

socalTECH

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. Financial arrangements between the companies were not announced. and Trinity Ventures. READ MORE>>.