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AutoVitals Gets Private Equity Investment

socalTECH

Goleta-based AutoVitals , which develops software-as-a-service (SaaS) products for the automotive repair and maintenance software business, has raised a round of private equity, the company recently announced, from private equity investor Tritium Partners. Financial details of the private equity deal were not announced.

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Sources: Active Network In Major Layoff

socalTECH

active network layoff jobs employment private equity texas websense omnitracs' No details on the layoff have been announced by the privately held company, and the company had not yet filed a notice with the state of California''s WARN system on any impending cuts. READ MORE>>.

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WebSense To Move Headquarters To Texas

socalTECH

In a big loss for the local high tech community, computer security software developer Websense --based in San Diego--is moving its headquarters to Austin, Texas, and is taking 445 jobs with it. The move comes eight months after Websense was acquired by private equity company Vista Equity Partners last June.

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Vista Equity Sells Majority Of Websense To Raytheon

socalTECH

Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. Vista Equity will also invest another $335M in the companies for a 19.7 READ MORE>>.

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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

socalTECH

The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.

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Be Frugal, But Never Cheap When Locking Down Your IP

InfoChachkie

Provisional Protection - Most US high-tech companies begin the utility patent process by filing a provisional patent application. Equity Pay - Some attorneys will accept a portion of their initial fees in the form of equity. Orchestrated properly, this approach can cement your lawyer’s incentive to help you succeed.

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Government Grants Cost No Equity, But are Not Free

Startup Professionals Musings

A grant is not an equity investment, so the entrepreneur doesn’t have to give up a stake in the company either. A good place to start looking is the Small Business Innovation Research (SBIR) program, which is a lifeline for high-tech startups.

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