Monday, October 26, 2015Clearlake Capital Rolls Up IT Infrastructure Providers Pomeroy, Tolt SolutionsSanta Monica-based private equity investor Clearlake Capital has acquired and combined two, IT infrastructure companies, Pomeroy and Tolt Solutions, in a new company called the Pomeroy Group of Companies. Financial details of the acquisitions were not disclosed. Both Pomeroy and Tolt Solutions help customers deploy IT infrastructure. Clearlake Capital said the newly created Pomeroy Group company has over 4,000 employees and nearly $1 billion in annual revenues. Pomeroy was based in Hebron, Kentu (More info...)
posted on Monday, October 26, 2015(Full story)
Interview with Jonathan Kohn, FitspotLos Angeles is the capital of on-demand apps, for just about anything you want. One of those areas that combines LA's passion for on-demand apps, and its active lifestyle, is Fitspot (www.fitspotapp.com), which brings athletic trainers to you or your local fitness center. We spoke with Jonathan Kohn, the founder and CEO of Fitspot, on what the startup is all about.
What is Fitspot?
Jonathan Kohn: Fitspot is an on demand fitness app, where we send a trainer to you for a flat fee, $59. Sess (More info...)
posted on Monday, October 26, 2015(Full story)
PeerStreet, Co-founded By Google Exec, Launches Real Estate Loan MarketplaceLos Angeles-based PeerStreet said this morning that it has launched a brand new, online real estate loan marketplace, which is aimed at accredited investors interested in real estate investments. The startup, founded by Brew Johnson and Brett Crosby, says it is looking to make real estate debt accessiblle to investors in a more, democratic way, by linking with professional loan originators natiide. The company said it already has funded more than $35M in real estate loans, across 78 properties, (More info...)
posted on Monday, October 26, 2015(Full story)
RealtyMogul.com Funds Medical Office Building In FloridaLos Angeles-based online real estate investing marketplace RealtyMogul.com said it has helped to finance the acquisition of a multi-tenant, medical office building in Hollywood, Florida. RealtyMogul.com said it helped project sponsor SF Partners to purchase the Hollywood Medical Center, by raising equity from its pool of nearly 20,000 accredited investors. Size of the funding was not announced. The medical office center is 57,815 square feet. RealtyMogul is led by Jilliene Helman.
posted on Monday, October 26, 2015(Full story)
Ixia Extends In the Middle EastCalabasas-based Ixia the developer of network testing hardware and software, said today that it has linked up with Starlink, a value added IT security distributor serving the Middle East, Turkey, and Africa. Ixia said Starlink is now stocking its security and network visibility products for customers in the region. The two said Starlink has more than a 1000 customers across such areas as government, banking and finance, telecommunications, oil and gas, education and healthcare.
posted on Monday, October 26, 2015(Full story)
Qualcomm Ties With Formula One Team On Wireless Data EffortSan Diego-based Qualcomm said late last week that it has linked up with a Formula One Team, MERCEDES AMG PETRONAS, to power racecar telemetry data collection efforts. According to Qualcomm, its technology will be used for wireless download of racecar telemetry data using 5Ghz spectrum, during the team's practice sessions. Qualcomm said the system is powered by its Snapdragon 805 processors and the Qualcomm VIVE 802.11ac Wi-Fi products and multiple access points. Qualcomm and Mercedes AMG Petrona (More info...)
posted on Monday, October 26, 2015(Full story)