Friday, June 16, 2017Marlin Equity Acquires Tangoe, Merges It With AsentinelLos Angeles-based private equity and investment firm Marlin Equity said on Friday that it has completed its take-private acquisition of Tangoe, Inc., and combined it with existing asset Asentinel. Both companies operate as part of the technology lifecycle management (TLM) market. Marlin has appointed Robert Irwin as CEO of the newly combined company. Irwin previously served as CEO of EMS Software, TDCI and Sterling Commerce. Malin Equity had said earlier it would pay $6.50 per share in cash to a (More info...)
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Amazon.com's Acquisition Of Whole Foods Poses Challenge For Thrive MarketLos Angeles-based organic, membership-based food service Thrive Market has a big, new competitor in town--Amazon.com--which just announced a gigantic, $13.7 billion acquisition of Whole Foods on Friday. Thrive has been growing rapidly by providing online access to health food and products ala Whole Foods online, like Amazon.com, using a membership model. Thrive Market has been called a "kindler, gentler" Amazon for organic food, and has been called the next Whole Foods, only online.
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Amazon.com Now Owns 42 Whole Foods Market Stores In SoCal With $13.7 Billion BuyOnline e-commerce giant Amazon.com now owns roughly 40 grocery stores in Southern California, in what is the company's biggest foray into the grocery store market to date. Amazon and Whole Foods announced Friday that Amazon is acquiring the Whole Foods Market grocery store chain, in a $13.7 billion deal. Amazon.com said it will pay $42.00 per share in cash for Whole Foods Market, and will continue to operate the organic grocery store chain's retail markets. Whole Foods Market will continue to be (More info...)
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EDF Renewable Energy Sells Half Of Oklahoma Wind ProjectSan Diego-based renewable energy developer EDF Renewable Energy announced early Friday moring that it has sold off 50 percent of the Great Western Wind Project, a 225 megawatt wind energy project it is developing in Oklahoma for Google. Financial details of that sale were not announced. The company said the stake goes to Alliant Energy Corporation, which will pay cash for its 50% equity stake. EDF RE said it will continue to provide management services, with EDF Renewable Services providing oper (More info...)
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Newegg Plans Major Global ExpansionLos Angeles-based online electronics retailer Newegg says it is planning a major, global expansion worldwide, with plans to expand in the Asia Pacific, Europe, Latin America and the Middle East regions. According to Newegg, once that expansion is complete, it will reach customers in a total of 50 countries. NewEgg said the big new global expansion push also includes an effort to recruit aspiring e-commerce sellers across the globe, who it says it will tap to offer up local sellers with country-s (More info...)
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TeleSign Rolls Out iOS User Verification SDKLos Angeles-based TeleSign announced on Thursday that it has launched a new software development kit (SDK) for iOS, which allows mobile app developers to streamline account verification and identity assurance. TeleSign said its App Verify for iOS SDK helps assist with increasing conversions and providing identity assurance, embedding a phone number verification within those mobile apps. TeleSign's SDK helps automate phone number verification, can be branded to a mobile app, and also includes sec (More info...)
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TuSimple Aims At Self Driving Vehicle MarketSan Diego- and Beijing-based TuSimple, a startup developing autonomous driving technology, says it has received a permit from the California Department of Motor Vehicles to test autonomous driving vehicles on the road. The startup says it hopes to run a test this month taking an autonomous vehicle 420 miles from San Diego to Tucson. The company--which says its engineering and business teams are based in Beijing, China and its lab team is based in San Diego--has roughly 15 different engineering p (More info...)
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Cylance Names Sales, Product ExecsIrvine-based antivirus software developer Cylance said on Thursday that it has named two new executives at the firm, to help it with global growth. Cylance said it has named Rahul Kashyap as Chief Product Officer and John Giacomini as Executive Vice President, Global Sales. Kashyap was previously Executive Vice President of Products at Bromium, and led worldwide threat research at McAfee Labs; Giacomini was most recently Executive Vice President, Worldwide Sales at Forcepoint (formerly Websense) (More info...)
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