Friday, February 21, 2014MindBody Raises $50MIn one of the largest rounds for a Central Coast company in recent years--and the largest venture investment in San Luis Obispo ever--cloud software maker MindBody has raised $50M in a funding round. The company--which develops software-as-a-service which helps local businesses manage scheduling, staff management, point of sale, ecommerce, marketing, and more--said the funding came from Bessemer Venture Partners, Institutional Venture Partners, Catalyst Investors, W Capital Partners and Montreux (More info...)
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ACTIVE Network Splits, Sells Off Business GroupSan Diego-based ACTIVE Network has split off its business products group, ACTIVE Network Business Solutions, and merged it with a Texas company, Lanyon. Financial terms of the merger and acquisitions deal were not announced. According to ACITVE Network Business Solutions, it is separating from parent company ACTIVE Network, and will merge with Lanyon to focus on the event marketing and meetings management space. Both companies are owned by private equity company Vista Equity.
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MagnaCom Gets Investment From Qualcomm's AltmanMagnaCom Ltd., an Israeli company which has its U.S. operations in Laguna Niguel, said this week that it has added former Qualcomm President and Vice Chairman Steve Altman to the company as an advisor. As part of that move, MagnaCom said that Altman has acquired a "meaningful holding" in MagnaCom. Financial details of that investment were not disclosed. MagnaCom's is angel funded, and is led by Yossi Cohen, the former Senior Vice President and General Manager of Motorola Mobility. He also had be (More info...)
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Launchsite Helps Connect You With A New Website DesignDo you need a new website? Can't find a good designer? A new, San Diego startup, Launchsite, has a new online marketplace and service which aims to help you find a website designer--by letting you post your website project, and getting three website concepts presented to you to pick from. According to the startup--founded by Daniel Qu and Jonathan Song--the startup's online marketplace is aimed at helping people find a designer who can create a website that they not only need, but love. The idea (More info...)
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GoBank's Secret SXSW Weapon: PuppiesIt's SXSW season--the time of year when startups and other high tech companies head to Austin, Texas to launch their companies, hobnob with the digerati, and try to get seen. However, SXSW is a notoriously brutal place to launch a product or company--there are literally hundreds of companies doing the same thing, and trying to launch at SXSW can sometimes backfire. One local, Pasadena company, Green Dot, however, looks to have a secret weapon in its launch plans there: puppies. Green Dot is plan (More info...)
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Central Desktop: We're Profitable, GrowingPasadena-based cloud-based collaboration and project management software developer Central Desktop says that it is profitable and growing, with a 70 percent year-over-year growth in its SocialBridge collaboration and work management software. Central Desktop, however, did not release any details on its finances or profitability. Central Desktop has been on a number of growth listings, however, including a listing on the 2013 Inc. 500|5000 list of fastest growing private companies. In that listin (More info...)
posted on Friday, February 21, 2014(Full story)