[ibimage==37506==Original==none==self==ibimage_align-center]
Grindr Seeks Sale
The gay men matchmaking app based in Los Angeles is reportedly seeking a sale. The process is only in its beginning stages but the company has hired Raine Group LLC to advise. Currently, there is no estimate of how much Grindr may sell for. [Grindr Said to Explore Sale of Gay Men's Dating App: BloombergBusiness]
[ibimage==37513==Original==none==self==ibimage_align-center]
Cornerstone OnDemand unveils new products
Cornerstone, the Santa Monica-based talent management software developer, announced two new products. Cornerstone Edge is a cloud platform aimed at developers and Cornerstone Insight is a new predictive analytics dashboard. [Cornerstone OnDemand Rolls Out New Products: SocalTech]
[ibimage==37481==Original==none==self==ibimage_align-center]
Shyp Launches in Los Angeles
The post office valet, Shyp, has officially arrived in LA. The app allows users to submit a picture of what their shipping and then wait 20 minutes for the courier to arrive, pack, and ship their items. The company now resides in a 20,000 square foot packaging and shipping facility in Commerce. [Built In LA]
[ibimage==37508==Original==none==self==ibimage_align-center]
Zealot buys Lord Danger
Venice-based digital studio, Zealot Networks, announced that they have purchased local commercial and music video studio Lord Danger for an undisclosed amount. This marks Zealot's ninth acquisition since its founding last August. [Zealot Buys Digital Studio Lord Danger: LA Business Journal]
[ibimage==37511==Original==none==self==ibimage_align-center]
Open Me acquired by Rowl
Rowl, the Santa Monica-based event discovery app, has acquired Open Me. Rowl paid $6 million for the e-greeting card company and its 140,000 daily active users. [Rowl Acquires Open Me: Socal Tech]
[ibimage==37512==Original==none==self==ibimage_align-center]
Schlep & Fetch launches mobile app
Schlep & Fetch, Los Angeles’ only multi-vertical on-demand delivery service bringing you whatever you want, from wherever you want, today announced the release of their first mobile app, making schlepping everything from booze to baby formula easier and faster than ever. The launch of the Schlep & Fetch iPhone app is the next step in their mission to further revolutionize and personalize the traditional courier service, putting their “Schleppers” in the palm of your hand.
[ibimage==37509==Original==none==self==ibimage_align-center]
3 Los Angeles companies featured on Disruptor 50 list
CNBC released its third annual Disruptor 50 List and three LA companies made the cut. Snapchat, Dollar Shave Club, and SpaceX were cited for revolutionizing the business landscape. [Built In LA]
