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DocuSource Acquired By Konica Minolta

socalTECH

Cerritos-based DocuSource , a provider of document management systems and equipment, has been acquired by Konica Minolta Business Solutions , Konica said Wednesday. Minolta said that the buy will increase its document management systems, solutions and services in the southern California region. DocuSource was founded in 1990.

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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif. He thought there had to be a better way for companies to manage their audit and compliance processes.

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ReachLocal Tops Fast 500 List

socalTECH

Woodland Hills-based ReachLocal , a provider of local search advertising services, has topped Deloitte's 2009 Technology Fast 500 list, an annual listing of companies ranked by their five year growth rates. According to the list, ReachLocal topped the list with a five-year, fiscal growth rate of 146,050 percent.