Los Angeles-based web content management software developer CrownPeak has raised $50M in a funding round, and merged with UK-based ActiveStandards, according to the two companies. The investment round came from K1. According to the companies, the combined company will be based in Los Angeles, and will also have locations in Denver and London. Jim Yares, COO of CrownPeak, has been appointed CEO of CrownPeak as part of the deal, and ActiveStandards CEO Simon Lande and CrownPeak CEO Jim Howard will both remain as advisors to the new company. The company said it will use the funding to re-launch the company and for future product enhancements.
