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  • Monday, April 20, 2015

    Switching Concepts Acquired By X5 Solutions

    Santa Monica-based Switching Concepts, a provider of turnkey telecom switching platforms, aimed at helping startup and existing telecommunications providers, has been acquired by X5 Solutions. Financial terms of the buy were not disclosed. X5 Solutions is based in Seattle, and is owned by private equity investor NewSpring Capital. X5 said the acquisition also helps it expand into the Los Angeles market, in addition to adding additional capacity and network infrastructure....Continue →

     
  • Monday, April 20, 2015

    Vista Equity Sells Majority Of Websense To Raytheon

    Vista Equity Partners---the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon, the three said today. The deal--which has been rumored since March--will combined Raytheon Cyber Products with Websense. The two said that Raytheon will invest $1.57 billion in net cash for majority ownership of a new company, to be made of those two parts. The deal has an enterprise value of $2....Continue →

     
  • Monday, April 20, 2015

    InAuth Finds $20M For Security Tools

    Venice, California and London-based InAuth, a provider of mobile fraud prevention and mobile application security technology, recently raised $20M in a Series A funding round. The funding came from Bain Capital Ventures. Bain's Ben Nye will join the company's board. InAuth says its customers include large global banks, payment processors, e-commerce merchants, and health insurance companies. The company was founded in 2011, and is led by
    Lisa Stanton.Continue →

     
  • Monday, April 20, 2015

    Newegg, Buybak Launch Tech Trade In, Ewaste Effort In LA

    Los Angeles-based online electronics retailer Newegg and online product trade in provider Buybak announced this morning that it is launching a new, technology trade in initiative in the Los Angeles area, as part of Earth Day. According to the two, LA businesses witin 50 miles of Newegg's City of Industry based headquarters can turn in their electronic waste, for free, using Newegg's delivery vehicles....Continue →

     
  • Monday, April 20, 2015

    RealD Inks New Deal With Cinemark

    Los Angeles-based 3D theater projection technology provider RealD said this morning that it has linked up with Cinemark Holdings, to install a new laser projection system in 20, Cinemark XD auditoriums. Financial impact of the deal were nt disclosed. RealD said it will install its new GS Cinema System across the United States and Latin America, in a mix of upgrades to existing auditoriums and new builds. RealD says its technology is now installed in more than 26,500 auditoriums worldwide....Continue →

     
  • Monday, April 20, 2015

    Guidance Software Snags j2 Global, Idealab Vet

    Pasadena-based Guidance Software said this morning that it has named Michael Harris as its new Chief Marketing Officer. Harris joins the company from j2 Global, where he had been Vice President, Products. Harris also has served at Idealab, Adapt Technologies, Yahoo's Overture Services Division, FileNET, and Stac Software. Guidance Software said Harris will lead all global marketing and product marketing for the company.Continue →

     
  • Friday, April 17, 2015

    FastPay Funds Altitude Digital In $30M Financing

    Los Angeles-based FastPay, the provider of financing products for ad and media driven companies which is led by Jed Simon, has backed mobile and video advertising products firm Altitude Digital with $30M in financing, Altitude said Thursday. Terms of the financing were not announced. Altitude Digital, which is based in Denver, Colorado, offers up a video ad and mobile, supply side advertising platform....Continue →

     
  • Friday, April 17, 2015

    Upfront Ventures Leads $20M Investment In Heads-Up Display Developer Navdy

    Los Angeles-based Upfront Ventures is the lead investor in a developer of a new, heads-up display which connects to your smartphone, projecting messages, information, and more directly on your windshield. According to San Francisco-based Navdy, it raised $20M in its Series A round, bringing it to a total of $33M in funding. Upfront was the lead, with Formation8, Qualcomm Ventures, Promus Ventures, Eniac Ventures and Wareness.io also participating....Continue →

     
  • Friday, April 17, 2015

    Fliptu Gets $1.2M For Social Aggregation Tools

    Los Angeles-based Fliptu, the developer of social aggregation tools for music and entertainment brands, has raised $1.2M in a seed funding round, the company said Friday. The startup--led by Jeremy Gocke--said the funding came from Scout Ventures, Rick Dalzell (former Amazon CIO), Rich Heise (early Groupon investor), Hivers & Strivers, Kelly Perdew, and other angels. The company said it will use the funds to bolster its product team and expand into new verticals....Continue →

     
  • Friday, April 17, 2015

    Sony Documents, Emails Go Online At WikiLeaks

    A huge collection of internal documents and emails from Sony Pictures Entertainment--stolen from the company in a massive hacking last year tied to the movie "The Interview"--has been posted online by WikiLeaks. WikiLeaks said it had posted a searchable database of 30,287 documents and 173,132 emails from Sony, claiming it did so to show "the inner workings of an influential multinational corporation....Continue →

     
  • Friday, April 17, 2015

    Bitium Rolls Out In Google Apps Marketplace

    Santa Monica-based Bitium, the developer of identity and access management software led by Scott Kriz, has rolled out its products in the Google Apps Marketplace, the company said Thursday. Bitium said its products are tightly integrated and work with Google Apps for Work, helping to secure business applications. Bitium is venture backed by Polaris Ventures, Amplify, Resolute VC, Double M Partners, Social Leverage, Karlin Ventures, Lazerow Ventures and Rob Glaser....Continue →

     
  • Friday, April 17, 2015

    Lytx Wins Commercial Trucking Insurance Customer

    San Diego-based Lytx, which develops video-based, driver safety systems, reported a win with trucking insurance company Canal Insurance Company. Lytx said Canal will offer up its Lytx DriveCam Program to its fleet customers as a value added service. Lytx said its Lytx DriveCam Program helps prevent collisions, reduce injuries and save lives by offering up video, predictive analytics, real-time driver feedback and coaching for fleets.Continue →

     
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