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QAD In $2 Billion Private Equity Acquisition

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Santa Barbara-based supply chain software developer QAD has entered into a $2 billion acquisition deal with private equity investor Thoma Bravo, the company said on Monday. According to QAD, its shareholders will receive $87.50 per share in cash from Thoma Bravo, in an all-cash transaction.

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Yardi Acquires We Are Forge For Visitor Management

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Santa Barbara-based property management software developer Yardi announced today that it has acquired We Are Forge Ltd., a Bristol, UK-based software company which focuses on vivistor management and smart access control for the real estate market. Financial details of the acquisition were not announced.

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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.

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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%.

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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.

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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.,

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LogicMonitor Acquired By Vista Equity Partners

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Santa Barbara-based IT monitoring software developer LogicMonitor has been acquired by private equity investor Vista Equity Partners , from its existing owner, Providence Strategic Growth (PSG), the companies said on Tuesday. Financial details of the acquisition were not announced.

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