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Wednesday, August 27, 2008 Userplane's Jones, Thelen Make Departure Official  Michael Jones and Nate Thelen, co-founders of web software firm Userplane, have both officially stepped down from their positions at AOL, according to a message from Jones Wednesday afternoon. Jones, who was CEO and co-founder of Userplane, and a VP at AOL, and Thelen, who was CTO of Userplane, will both continue as advisors to the firm, with Sam Wick, currently Vice President of Userplane, taking over daily management responsibilities....READ MORE >> posted on Wednesday, August 27, 2008 ValueClick To Buy Back Options  Westlake Village-based ValueClick said Tuesday in a filing with the SEC, that it is looking to buy back out-of-money stock options from its employees. The firm said that it would purchase up to 4.9 million stock options, with exercise prices ranging from $25.66 to $29.73 per share, issued by the company to employees, officers, and directors in 2007. No reason for the buyback was given, but the firm was last trading around $12....READ MORE >> posted on Wednesday, August 27, 2008 Active Network Raises $80M  San Diego-based The Active Network has raised $80M in a round of funding, the firm confirmed with socalTECH Wednesday. According to a spokesperson for the company, the lead investor in the round was ESPN, with additional funding coming from Canaan Partners, North Bridge Venture Partners, and Performance Equity Partners. According to the company, the firm has now raised over $275M in venture funding since 1999. Active Network said that it had revenues of $102M in 2007....READ MORE >> posted on Wednesday, August 27, 2008 (More) EMRISE Sells PCB Division Rancho Cucamonga-based EMRISE Corporation, a manufacturer of defense and aerospace electronics, said Wednesday that it has sold the assets of its printed circuit board business to Sierra Circuits. EMRISE's PCB business, EMRISE Circuit Division, was based in Monrovia, California. According to EMRISE, Sierra will pay $160,000 for the assets of ECD. EMRISE said the sale is a part of a strategic plan to divest the firm's non-core assets and reduce acquisition debt at the company....READ MORE >> posted on Wednesday, August 27, 2008 Pacific Microwave Research Acquired Vista, California-based Pacific Microwave Research, a developer of analog and digital microwave video transmission technology, has been acquired by Visilink plc, a Masachusetts-based firm. Visilink plc did not disclose financial terms of the deal. Pacific Microwave Research provides products used for covert surveillance, unmanned and aerial vehicle control, and evidence collection by the law enforcement, homeland security, and military....READ MORE >> posted on Wednesday, August 27, 2008 EQAL Rolls New Series  Los Angeles-based EQAL, the online entertainment firm behind lonelygirl15, said today that it will launch a new online serial drama called "LG15: The Resistance". The new series is based on the firm's prior lonelygirl15 and KateModern dramas, and will be distributed through MySpaceTV, imeem, Veoh, YouTube, and Hulu. According to EQAL, the new series will include short videos and multi-media content, and will run for 12 weeks....READ MORE >> posted on Wednesday, August 27, 2008 Strix Deploys At RV Dealership  Calabasas-based Strix Systems announced today that the firm has deployed its wireless mesh networking hardware at what it calls the largest, single-site RV dealership in North America. According to Strix, it has deployed its Strix Hot-Zone solution at Lazydays RV SuperCenter, a 126-acre RV dealer based in Tampa, Florida. Financial impact of the customer win was not disclosed....READ MORE >> posted on Wednesday, August 27, 2008
Tuesday, August 26, 2008 United Online Completes FTD Buy Woodland Hills-based United Online said Tuesday that the firm has completed its acquisition of FTD Group, Inc. The deal was worth approximately $441M, in a mix of cash and stock. United Online originally announced the acquisition of FTD in April. United Online said that it expects the deal to help it increase in scale, diversify its revenue streams, and expand its marketing opportunities. FTD operates the FTD and Interflora floral services, which connects consumers with florists....READ MORE >> posted on Tuesday, August 26, 2008 EdgeCast Signs Mashable  Los Angeles-based content delivery network firm EdgeCast Networks has signed on social media news site Mashable as a customer, the firm said Tuesday afternoon. Financial impact of the deal was not disclosed, however EdgCast said that Mashable will use its CDN services for distributing its blog posts. EdgeCast provides digital media content delivery services; Mashable operates an online blog focused on Web 2.0 and social networking news.READ MORE >> posted on Tuesday, August 26, 2008 Xirrus Gets Win At Packing Firm  Thousand Oaks-based Xirrus, which manufactures wireless switches, said Tuesday that the firm's products have been selected by Bonipak, a produce packing company based in Central California. Impact of the customer win was not disclosed. Xirrus said that Bonipak will use the firm's products for providing 802.11 voice, video, and data to the firm's facilities. READ MORE >> posted on Tuesday, August 26, 2008 IOGEAR Rolls HD Video Streaming Product Irvine-based IOGEAR, a developer of consumer electronics and other hardware, announced a new product for streaming HD video between a PC and television. According to IOGEAR, the firm's new wireless USB to VGA kit enabled HD video streaming between a PC and TV or projector. The new device uses wireless USB to connect to a laptop or desktop, and supports up to 720p video. IOGEAR said its new Wireless USB to VGA kit supports Windows XP or Vista, and will ship in October.READ MORE >> posted on Tuesday, August 26, 2008 Sometrics Expands Business Development Team  Los Angeles-based Sometrics, which develops analytics tools for social networking applications, announced today that the firm has hired on two new business development managers for the firm. According to Sometrics, it has added Jennifer Bartlett and Michael (Mickey) Maher to the firm. Bartlett joins from On eEighteen Advertising; Maher was most recently at eMedical Lending. Sometrics is venture backed by the Mail Room Fund, At&T, and Greycroft Partners.READ MORE >> posted on Tuesday, August 26, 2008 Novatel Launches With Canadian Wireless Provider  San Diego-based Novatel has snagged a win in Canada, saying this morning that the firm's wireless broadband products have been launched with Fido, a Canadian wireless provider. Novatel, which develops wireless broadband cards and technology used for connecting PCs to 3G WCDMA, CDMA, and GSM wireless networks, said that one of its wireless broadband USB modems was selected by Fido, which the firm says is Canada's third largest wireless provider. Financial impact of the win was not disclosed. READ MORE >> posted on Tuesday, August 26, 2008 Gorilla Nation Adds HIT Entertainment  Los Angeles-based online advertising rep firm Gorilla Nation has added popular kids video producer HIT Entertainment as a client, the firm announced today. HIT Entertainment owns the Barney, Thomas & Friends, Bob the Builder, and Rainbow Magic children's brands. Gorilla Nation said it will represent HIT Entertainment's web sits for those properties in North America, Canada, and Australia....READ MORE >> posted on Tuesday, August 26, 2008 Ivera Snags License From Becton Dickinson San Diego-based medical device firm Ivera Medical Corporation has snagged a patent license from Becton, Dickenson and Company, the firm said this morning. Ivera announced that it is in an exclusive license agreement with BD, for the worldwide rights to both issued and pending patents held by BD for intraveneous technology for reducing bloodstream infections. Financial terms of the license deal were not disclosed....READ MORE >> posted on Tuesday, August 26, 2008
Monday, August 25, 2008 Xoova Goes Under  Santa Monica-based Xoova, an online health related web site focused on connecting physicians and patients, has shut its doors. The site, which was funded by Spark Capital, started as DoctorsDirect.com and renamed itself Xoova in February of last year. The firm had received $2.5M in funding from Spark Capital. Former CEO Tommy McGloin confirmed on a call today with socalTECH that the firm has been dissolved; McGloin is now at Google in Santa Monica....READ MORE >> posted on Monday, August 25, 2008 NetworkD Acquired By Sparxent Newport Beach-based NetworkD, a value added reseller of IT solutions, has been acquired by a new startup, Sparxent. Sparxent, which is based in Salt Lake City, Utah, did not disclose financial terms of the acquisition, but said that it acquired NetworkD as part of the firm's funding and launch. Sparxent is venture backed by vSpring Capital. NetworkD was a reseller of systems management and service desk software, and was founded in 1996.READ MORE >> posted on Monday, August 25, 2008 Broadcom Buys AMD's Digital TV Business  Irvine-based Broadcom announced this morning that the firm has acquired AMD's digital TV business. According to the companies, Broadcom will pay approximately $192.8M in cash in exchange for AMD's digital TV assets. Approximately 530 employees at AMD's digital TV team will join Broadcom as part of the acquisition. AMD's digital TV products include ICs used for DTV processing, receiver ICs, and other processors used for various digital TV functions....READ MORE >> posted on Monday, August 25, 2008 SocialVibe Partners With Interpublic  Los Angeles-based SocialVibe, a Redpoint-funded social media site focused on brand promotion, said this morning that it has inked a strategic partnership with Interpublic's Emerging Media Lab. According to SocialVibe, Interpublic's lab will introduce SocialVibe to IPG's media services and advertising agencies. Interpublic is a major owner of online advertising agencies and related firms....READ MORE >> posted on Monday, August 25, 2008 Zag Names New President, COO  Santa Monica-based Zag, which develops software used for online product configuration of automobiles, announced this morning that it has added Chris Porch as the firm's President and Chief Operating Officer. Porch was a founder of Trilogy Software, and was most recently at Between Markets, where he served as CEO....READ MORE >> posted on Monday, August 25, 2008 Tsavo Hires AOL's Macadaan Santa Monica-based Tsavo Media, a new startup headed up by Userplane founder Mike Jones, said today that the firm has hired Mike Macadaan as VP of Product and Design. Tsavo--which is currently in stealth mode, but describes itself as delivering "highly relevant experiences to today's digital consumers," said that Macadaan joins the firm from AOL, where he was VP of Design. Macadaan is also known as the founder of Twiistup, a networking group which showcases startups and provides networking....READ MORE >> posted on Monday, August 25, 2008
Friday, August 22, 2008 EatDrinkOrDie Launches Food Site EatDrinkOrDie.com, the food-focused web site of the firm behind comedy site FunnyOrDie, has officially launched its website focused on celebrity chefs and food. According to EatDrinkOrDie.com, it officially launched its web site on Thursday. The firm said the site will feature videos and allow users to share recipes and information on food and related topics. The site is the latest from Or Die Networks, which is the firm which also runs FunnyOrDie....READ MORE >> posted on Friday, August 22, 2008 BakBone Snags CFO From Leap Wireless San Diego-based BakBone Software, a developer of data storage backup software, said Thursday afternoon that the firm has hired on Steve Martin as the firm's Senior Vice President and Chief Financial Officer. Martin was most recently Chief Accounting Officer for Leap Wireless. Martin has also served at Strategene Corporation, Gen-Probe, Neura Communications, Aldila Golf Corp., and Deloitte & Touche.READ MORE >> posted on Friday, August 22, 2008 Kyriba Predicts Growth For SaaS, Despite Economy  San Diego-based Kyriba Corporation, which develops software-as-a-service for managing cash and foreign exchange for companies, said earlier this week that it is predicting higher than expected market growth for its solutions, despite the economy. According to the firm, whose products are used by CFOs and controllers to manage their foreign exchange and cash, it is seeing stronger and forecasted growth....READ MORE >> posted on Friday, August 22, 2008
Thursday, August 21, 2008 QAD Loses CFO  Santa Barbara-based QAD Inc. said Thursday that the firm's CFO, Daniel Lender, has resigned. According to QAD, Lender resigned to "pursue a new business opportunity." No details on Lender's new role was given. QAD said the firm has begun a search for Lender's replacement. QAD said that Lender's resignation is effective September 12th. QAD is a developer of manufacturing and supply chain management software applications.READ MORE >> posted on Thursday, August 21, 2008 |
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