Wednesday, April 1, 2015GoDaddy Surges In IPOGoDaddy surged in its IPO Wednesday on the NYSE as GDDY, opening and closing at $26.15, above the $20 per share pricing for the company's stock set on Tuesday night. The domain name registration, hosting, and Internet services provider--which has major operations in Los Angeles at MediaTemple--traded as high as $26.84 during the day, and then settled back down to $26.15 at the close of the market.
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MarketShare Buys DataSongLos Angeles-based marketing analytics software developer MarketShare said this morning that it has acquired DataSong, a San Francisco-based cross channel analytics technology company. Financial terms of the buy were not disclosed. MarketShare says it adds 50 employees as part of the acquisition, and that DataSong CEO John Wallace becomes the company's Chief Growth Officer. MarketShare says it now has 450 employees, spread across nine offices. MarketShare is led by Jon Vein.
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YapStone Gets $60M In Debt FundingYapStone, which develops web and mobile payment technology, and also maintains an office at ROC in Santa Monica, has closed on $60M in debt financing, the company said this week. The funding was split between $40M in a senior credit facility from Comerica Bank, and $20M in subordinated debt from Bregal Sagemount. Terms on the two debt facilities were not announced. YapStone provides its electronic payment technology for such companies as HomeAway and VRBO. The company's main headquarters are in (More info...)
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GoDaddy Prices IPO, Debuts On NYSE TodayGoDaddy, the provider of Internet domain name and related hosting services--and which has a significant LA presence due to its ownership of LA's Media Temple--priced its IPO late Tuesday evening at $20.00 per share. The price is above its initial estimated pricing range of $17.00 to $19.00 per share. The company debuts on the New York Stock Exchange as GDDY this morning. GoDaddy is backed by KKR, Silver Lake, and Technology Crossover Ventures. GoDaddy acquired Media Temple in 2013, as the (More info...)
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Rubicon Project Buys Chango For $122MLos Angeles-based advertising technology provider Rubicon Project said late Tuesday that it is buying Chango, a Canadian provider of Internet marketing software. Rubicon Project said it will pay approximately $122M for Chango, primarily in stock. Chango's software includes keyword, contextual targeting and retargeting offerings. Rubicon Project said it will integrate Chango's technology into its Rubicon Project marketplace. Chango was venture backed by Extreme Ventures, iNovia Capital, Metamorph (More info...)
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ZipRecruiter Expands Product SuiteSanta Monica-based hiring software developer ZipRecruiter, which is led by Ian Siegel, has expanded its product suite, with a new onboarding software for new employees. ZipRecruiter said its new product, ZipHire, helps manage electronic offer letters, employment agreements, and other new hire paperwork. Pricing on the new product was not announced. The new software is a significant expansion from ZipRecruiter's existing software, which helps employers send job postings to job boards and manage j (More info...)
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aTyr Pharma Finds $76MSan Diego-based biopharmaceuticals developer aTyr Pharma has raised a big, $76M Series E funding round, the company said late Tuesday. According to aTyr, the funding as led by Sofinnova Ventures and an un-named, large institutional investor. The funding also included T. Rowe Price Associates, Federated Investors, Deerfield, Rock Springs Capital Management, EcoR1 Capital, Sphera Global Healthcare and two other un-named institutional investors, in addition to its current venture capital partners. (More info...)
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WireCash Launches International Money Transfer ServiceSanta Monica-based WireCash said Tuesday that it has launched a new, online International money transfer marketplace, which aggregates other international money transfer services in a single place. The company, founded by Jonathan Cooper, said it lets consumers compare money transfer options based on brand, price, recipient payout option, and other criteria. WireCash said it is looking to help the international money transfer and remittance industry--which it says is mostly offline--tap into the (More info...)
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