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Cornerstone OnDemand, a personnel management software developer, announced on Wednesday that private equity firm SilverLake Partners and Microsoft Corp.’s s LinkedIn plan to invest $300 million in the company.
Los Angeles-based BlackLine Systems , the developer of financial close software-as-a-service, has scored an investment from private equity firm SilverLake Sumeru. According to BlackLine, its management, SilverLake Sumeru, and ICONIQ Capital are partnering in the deal to make SilverLake Sumerua majority shareholder in the company.
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.
Burbank-based Cast & Crew Entertainment Services , a provider of technology and payroll services to the entertainment industry, said today that it has acquired by private equity investor SilverLake. SilverLake was represented by Kirkland & Ellis LLP. Financial terms of the buy were not disclosed.
A spokesperson for the firm--which just took a big majority investment from private equity firm SilverLake Sumeru, worth over $200M--clarified the company''s revenues today in an update to our earlier story. blackline systems accounting software expansion merger acquisition silverlake' READ MORE>>.
SocialEngine develops software which makes it easy for users to create their own, social website or online community; the firm has been the driving force behind Silverlake HQ, the community of startups in the SilverLake area of Los Angeles, which includes SocialEngine, Ad Hoc Labs (Burner), Green Business Base Camp, and others.
Mobile-XL is backed by the Tech Coast Angels, and Payvia is backed by SilverLake Sumeru, Montgomery & Co., The new link with Payvia means that consumers can use their prepaid airtime on those various carriers to pay for digital services. Financial arrangements between the companies were not announced. and Trinity Ventures.
The Sugar Lab was founded by Kyle and Liz von Hasseln, and was based in SilverLake. According to 3D Systems, it will integrate The Sugar Lab''s 3D printing tecnhique into its platforms. READ MORE>>. printer 3dsystems printing acquisition merger systems sugar'
Payvia is venture backed by SilverLake Sumeru, Montgomery & Co., Financial details of the acquisition were not announced. According to payvia, the deal will allow it to offer a solution which includes mobile payments, user targeting and mobile marketing. and Trinity Ventures.
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>>.
According to SolarCity, the big funding round was led by The round was led by SilverLake Kraftwerk and Valor Equity Partners, and also included Nicholas J. Pritzker, partner at Tao Ventures and senior development advisor for Hyatt Hotels Corp., in addition to Shea Ventures.
In addition, other bidders include Time Warner Cable; DirecTV; The Chernin Group; and a bids from private equity firms KKR, Guggenheim Digital, and SilverLake Partners/William Morris Endeavor. READ MORE>>. hulu streaming video merger acquisition content hollywood'
The tour is apparently set to start on Wednesday, August 8th in SilverLake, with a concert from YACHT and The Henry Clay People. Online music service Spotify has chosen to kick off a live music tour to promote its service, next week in Los Angeles, according to a report today from Mashable. Louis, New Orleans and Miami.
The company is backed by private equity firm SilverLake. Downing also previously served at such companies as SAP, Informatica, Oracle, Adobe, Seagate and Hill and Knowlton. BlackLine Systems develops software used for handling the financial close for companies. READ MORE>>.
Cast & Crew previously was owned by private equity investor SilverLake. The company was acquired in 2015 by SilverLake. EQT Partners said Cast & Crew was acquired by its EQT VIII fund. READ MORE>>.
BlackLine is venture backed by SilverLake Sumeru and ICONIQ, and led by Therese Tucker. The IPO is being underwritten by Goldman, Sachs & Co., Morgan, Pacific Crest Securities, Raymond James, William Blair, and Baird. Tucker owns around 15.6% of the company.
The company recently took a majority investment from SilverLake Sumeru. BlackLine said it took the No. 4 spot for fastest growing companies in a ranking from Software Magazine, under the category of companies in the $10M to $30M revenue range. Privately held BlackLine hasn''t publicly disclosed any revenue numbers.
San Diego-based tag management software developer Tealium announced this morning that it has raised an additional $20M in funding, from private equity investor SilverLake Waterman. Tealium, which is led by Jeff Lunsford, said it plans to use the funding for global expansion.
Los Angeles-based Payvia , which is backed by SilverLake Sumeru, said today that it has rebranded the company and refocused the company on SMS and MMS marketing. The company also said it has launched a new product, aimed at video transcoding for clients on a wide range of mobile devices.
BlackLine said it is commencing an underwritten public offering of 4,500,000 shares of its common stock by investment funds affiliated with SilverLake Sumeru, investment funds affiliated with ICONIQ and Mario Spanicciati, Chief Marketing Officer and a member of BlackLine's board of directors.
Los Angeles-based Mobile Messenger , the mobile marketing firm majority owned by SilverLake Partners, said earlier this week that it has named Larry Robiner as its VP of CRM Channel Sales. Robiner joins the firm from Epsilon, where he was VP of Business Development.
Camarillo-based Power-One , a manufacturer of power supplies and related components, said Friday that it has added Kyle Ryland and Ajay Shah, of private investment firm SilverLake Sumeru to its board of directors.
Outspoken, which is backed by SilverLake Sumeru, helps companies connect with consumers using high volume, text messaging, SMS, and MMS campaigns. According to Outspoken, the support means its clients can directly send passes, coupons, gift cards, boarding passes, and more via MMS or SMS text messages. READ MORE>>.
Swainson was CEO of CA from 2004 to 2009, and is now a senior advisor to private equity firm SilverLake Partners. Irvine-based semiconductor maker Broadcom announced this morning that it has added John A. Swainson, the former CEO of CA, to its board of directors.
The company recently raised $40M in funding from such investors as TVC Capital, Kayne Partners Fund, Affinity Group, Unilever Ventures and SilverLake Waterman. Igor Vaks is founder and CEO of CreatorIQ.
China's Tencent takes 12 percent stake in Snap as shares plunge, LinkedIn and SilverLake take stake in Cornerstone OnDemand and SpaceX suffers Merlin engine test mishap.
GoodRx is owned by private equity firm SilverLake. Reuters--citing "people familiar with the matter"--said GoodRx submitted paperwork with the SEC last week on a potential IPO, and is only now in the process of hiring advisers for that IPO effort.
According to CreatorIQ, the new funding round came from existing investors TVC Capital, Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, Affinity Group, and Unilever Ventures, plus new investor SilverLake Waterman. CreatorIQ is led by founder and CEO Igor Vaks.
Cast & Crew is backed by private equity investor SilverLake Partners. The company said Patterson will oversee its corporate technology and security teams, and also manage its engineering team and direct its digital products efforts. READ MORE>>.
” Genies last earned a $1 billion valuation from heavy-hitting tech investors including SilverLake and Mary Meeker’s Bond Capital during its most recent raise, a $150 million Series C round announced in April.
Broadcom said it lined up 12 financial in institutions to finance the offer, including $5 billion in a revolving credit facility and bridge financing, plus investment funds from SilverLake, KKR and CVC. The credit facilities and bridge funding would come from BofA Merrill Lynch, Citigroup, affiliates of Deutsche Bank AG, J.P.
The company is venture backed by Montreux Equity Partners and SilverLake Waterman. Hamilton was most recently Executive Vice President and General Manager of TeleTrac. Kareo is a developer of cloud-based medical office software, and is led by Dan Rodrigues. READ MORE>>.
The funding was led by SilverLake Waterman, and also included ABN AMRO Digital Impact Fund, Declaration Partners, Parkwood and existing investors. San Diego-based Tealium , which develops tag management software used data integration, has raised $55M more in a Series F funding round, according to the company.
San Diego-based Renovate America has raised $90M in an equity financing round, from SilverLake Kraftwerk, DFJ Growth, and others, the company disclosed Thursday. Renovate America has previously received funding from Valor Equity Partners.
Pasadena-based LeisureLInk , which operates an online platform for vacation rental and specialty lodging providers, said Wednesday that it has signed on a Florida luxury resort, SilverLake Resort. Financial impact of the win was not disclosed. According to LeisureLink, the resort has implemented its booking engine on its web site.
The funding was led by Montreux Equity Partners, and also included SilverLake Partners and the company's existing investors. Irvine-based Kareo , the developer of cloud-based software used to manage medical practices, said this morning that it has raised $55.4M in a new funding round.
GoodRx is backed by private equity firms SilverLake, Francisco Partners, Spectrum, and Idea Men LLC. Seelaus & Co., LLC and Ramirez & Co., READ MORE>>.
The company has previously raised funding from Bain Capital, Battery Ventures, Georgian Partners, Presidio Venture Partners, SilverLake Waterman, and Tenaya Capital. Tealium is a developer of enterprise tag management software. The latest round looks to have taken the total raised by the company to north of $100M. READ MORE>>.
The acquisition was funded by Cast & Crew's controlling shareholder, technology investing and private equity firm SilverLake. Financial details of the acquisition--which had originally been announced in June--have not been announced.
GoDaddy is owned by private equity firms KKR, SilverLake, and Technology Crossover Ventures. GoDaddy recently set the pricing range for its IPO at between $17.00 and $19.00 per share, and looks to list on the NYSE as GDDY. Media Temple has been a part of GoDaddy''s push into the small business market, since its acquisition in 2013.
Financial terms of the acquisition were not announced, however, Cast & Crew said it is received "substantial additional equity" from its backer, private equity backer SilverLake, as part of the buy. CAPS Payroll was based in Culver City.
The acquisition was supported by private equity investor SilverLake Partners, which is the majority owner of Cast & Crew. Financial terms of the acquisition were not announced. Cast & Crew said the buy will help expand its suite of technology solutions.
GoDaddy is backed by KKR, SilverLake, and Technology Crossover Ventures. GoDaddy , the parent of Los Angeles-based website hosting service MediaTemple , said in a regulatory filing late Tuesday that is has selected the NYSE for its IPO. GoDaddy said that it hopes to trade under the ticker symbol GDDY.
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