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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 SilverLake Sumeru. As part of the investment, SilverLake Sumeru has added Hollie Moore Haynes, John Brennan and Jason Babcoke to BlackLine''s board of directors.
Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor SilverLake, according to the company. Joe Osnoss of SilverLake joins Cornerstone's board with the funding, and SilverLake will also appoint another member of the board at a later date.
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 acquisitionsilverlake' READ MORE>>.
Los Angeles-based BlackLine Systems , the fast growing developer of financial software for enterprises, looks to be generating between $10M to $30M, based on a recent ranking of the company by an indutsry magazine. The company recently took a majority investment from SilverLake Sumeru. BlackLine said it took the No.
BlackLine is venture backed by SilverLake Sumeru and ICONIQ, and led by Therese Tucker. BlackLine develops accounting software, which is used for managing the financial close process at companies. The IPO is being underwritten by Goldman, Sachs & Co., Tucker owns around 15.6% of the company. READ MORE>>.
Los Angeles-based influencer marketing company CreatorIQ announced this morning that it it has acquired Tribe Dynamics, a developer of marketing analytics software. Financial details of the acquisition were not announced. CreatorIQ said the buy will create a company with over 450 customers, 250 employees, and $90 million in funding.
Burbank-based Cast & Crew , which provides software and services for both payroll and production management to Hollywood, has been acquired by private equity investor EQT Partners. Cast & Crew previously was owned by private equity investor SilverLake. The company was acquired in 2015 by SilverLake.
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 BlackLine is backed by SilverLake Sumeru and ICONIQ, but was initially bootstrapped by its management team.
According to BlackLine, the shares in the offering are being sold by SilverLake Sumeru, investment funds affiliated with ICONIQ, Therese Tucker, the company's CEO and founder; and Mario Spanicciati, the company's Chief Marketing Officer. SilverLake Sumeru is looking to sell around 6.1M READ MORE>>.
Some of the early investors in Woodland Hills-based accounting software developer BlackLine are looking for some liquidity from their investments, more than a year since BlackLine's October 2016 IPO, and plan to sell around 4,500,000 shares of their stock. The company is not selling any stock with the offering.
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.
Los Angeles-based financial automation software develper BlackLine continues to see its revenues grow, saying Thursday that its 2014, year-over-year revenues were up more than 50 percent. The company receive more than $200M in private equity funding from SilverLake Partners a few years ago. READ MORE>>.
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 BlackLine is venture backed by SilverLake Sumeru and ICONIQ. and $15.00
In the last couple ofyears, we've seen more enterprise technology and software locally here, and software is starting to grow up. The LIDAR, the sensors, the software, what's been developed for and by the aerospace industry, JPL, and local universities. They are very acquisitive. I think that is a big strength for us.
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