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Avetta Merges With BROWZ

socalTECH

Avetta is owned by private equity investor Welsh Carson Anderson & Stowe. The companies said the merger was financed through Avetta's major shareholders, which include Welsh, Carson, Anderson & Stowe (WCAS), Technology Crossover Ventures (TCV); and, Norwest Venture Partners (NVP).

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DriveCam Hits $100M In Revenues

socalTECH

DriveCam , the San Diego startup developing technology which analyzes and tracks the performance of commercial fleet drivers, reported this morning that it has just reached over $100M in 2012 sales. READ MORE>>.

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DriveCam Raises $85M, Acquires Firm

socalTECH

San Diego-based DriveCam , a provider of video-based products used for monitoring driver safety, announced today that it has raised $85M in a funding from a private equity firm, and also acquired a company, RAIR Technologies. The funding came from Welsh, Carson, Anderson & Stowe XI, L.P.

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DriveCam Opens Office In The UK

socalTECH

San Diego-based DriveCam , the developer of monitoring technology for driving fleets, said today that it has opened up a new office in London. The firm is backed by such companies as JMI Equity, Insight Ventures, Insight Venture Partners, Triangle Peak Partners, and Welsh, Carson, Anderson & Stowe. READ MORE>>.

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