Friday, December 11, 2015CrowdTorch Acquired By VendiniLos Angeles- and Austin, Texas-based CrowdTorch, the operator of an online ticketing service which had been part of Cvent, was acquired by Silicon Valley-based Vendini, the companies said this week. Financial aspects of the deal were not announced. Vendini is a provider of ticketing and live event management tools.
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SIGMAnet Acquired By Minnesota's ConvergeOneOntario, California-based SIGMAnet, a provider of IT consulting, solutions, and managed services, has been acquired by Minnesota-based ConvergeOne. Financial terms of the acquisition were not announced. SIGMAnet was founded in 1990, and has more than 250 employees spread between Orange County, Los Angeles, Inland Empire, San Diego, and San Jose. Converge One said the acquisition was backed by Clearlake Capital.
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Oncam Raises $7M For Group Video Calling App For CelebritiesLos Angeles-based Oncam, a new startup developing group video calling apps, has raised $7M in a funding round, according to the company. The funding was led by Tonn Investments, and also included un-named high net worth individuals and firms. Oncam said it is directing its group video calling app at actors, directors, writers, musicians, athletes, and others to address their fans. Oncam was spun out of Untitled Entertainment, the talent agency which represents Jared Leto, Penelope Cruz, and Naom (More info...)
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Precipice Labs Launches Photo Sharing App SDKHermosa Beach-based Precipice Labs, a new startup developing mobile apps, has announced a new platform and SDK which helps mobile app developers add photo sharing to any mobile app. According to the startup, its new Ostetso platform is designed to help developers add their own, photo sharing social network with only a few lines of code. The platform handles everything from the photo gallery within the app to all the back-end database and image storage. Precipice Labs was founded by Ron Brinkmann (More info...)
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Arrowroot Capital Raising $50M Investment FundSanta Monica-based Arrowroot Capital, an investment firm which invests in software-as-a-service and Internet-based businesses, said in a regulatory filing that it is raising a $50M fund. No details on the fund have been announced by Arrowroot Capital, which did not indicate any limited partners yet committed to the fund. Arrowroot lists such portfolio investments as Zift Solutions, EiQ Networks, 4Tell, and MedNet Solutions. The fund is led by Matthew J. Safaii, formerly of Actua Corp.; Safaii sa (More info...)
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Salem Media Buys Instapray AppCamarillo-based religious broadcaster and publisher Salem Media Group has acquired its own, mobile app, called InstaPray, the company said late Thursday. Financial details of the acquisition were not announced. Instapray develops iOS and Android apps which lets users submit and share prayer requests to others. Salem Media said the addition to its Salem Web Networks arm helps expand its portfolio of Christian websites and apps. The company says it reaches 25 million monthly unique visitors with i (More info...)
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