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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. Fastly was founded to meet developers’ need for greater visibility and control. The image has been taken from a helicopter flying over LA.

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Teletrac Sold To Danaher

socalTECH

Garden Grove-bsaed Teletrac , a developer of cloud-based, software-as-a-service products for fleet tracking and fleet operators, has been sold to Danaher , according to private equity investor Vector Capital. According to Vector Capital, Teletrac is currently providing network tracking of 200,000 vehicles across 87 countries.

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AtlasJobs Wins Healthcare Operator

socalTECH

Los Angeles-based AtlasJobs, a developer of a white-label web and mobile app for talent acquisition, said it has signed up healthcare operator PAM Health as a customer. AtlasJobs said that PAM Health has a network of over 100 specialty hospitals and outpatient clinics across the United States. AtlasJobs is led by Dr.

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Impact Acquires ACTIVATE

socalTECH

Santa Barbara-based Impact , which develops partnership management software, said this morning that it has acquired ACTIVATE , an influencer marketing platform which provides influencer discovery, program workflow, measurement, and analytics. Financial details of the acquisition were not announced. READ MORE>>.

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Forge Technologies Buys ShiftMe, Moves To LA

socalTECH

Forge Technologies , a developer of software used for managing hourly employees, said this morning that it has acquired Los Angeles-based ShiftMe , a developer of "shift-swapping" apps. As part of the acquisition, Forge Technologies said it is moving its headquarters to Los Angeles.

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Active Network Buys Ski Resort Ticketing Firm

socalTECH

San Diego-based Active Network , the operator of online software for sports groups, events, community activities registration, and other organizations, said Thursday afternoon that it has acquired RTP , a provider of technology for managing ski resorts and ticketing. Financial terms of the buy were not announced. READ MORE>>.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? 40% of our deals are done in Los Angeles but 100% of our deals leverage the LA networks we have built for 25 years. We do deals in NYC, Paris, Seattle, Austin, San Francisco, London?—?but