TOP NEWS

Salesforce.com's Benioff, Wife, Give $20M To USC For Cancer Research

Salesforce.com founder and CEO Marc Benioff, and his wife, Lynne, have given $20M in a gift to the University of Southern California, to go towards cancer research, the school said late Thursday. According to the school, the funding will go towards construction of the Lawrence J. Ellison Institute for Transformative Medicine of USC. As part of the deal, the lobby of the new cancer institute will be named in honor of Benioff's late father, Russell Benioff....Continue →


Disney's Maker Studios Launches Fan Video Contest Around Star Wars

Disney is harnessing Maker Studios to power a new, fan video contest, which will go to promote Disney's new "Rogue One: A Star Wars Story" product line. According to Disney, it is asking creators to post their own videos around the new movie, in its #GoRogue video contest....Continue →


Sonos, West Elm Team On Retail Presence

Santa Barbara-based whole home audio system developer Sonos is making it possible for more people to experience it whole home sound systems in person, with a new deal with home furnishings chain West Elm, the two said on Thursday. According to the two, they will be placing immersive, listening experiences at West Elm locations nationwide, featuring Sonos speakers and equipment. West Elm is owned by Williams Sonoma....Continue →


Report: Qualcomm Eyes NXP Semiconductor

San Diego-based Qualcomm is in talks to acquire fellow semiconductor developer NXP Semiconductor, in a deal worth more than $30 billion, according to a report on Thursday. No details on the merger were announced by Qualcomm, however, the WSJ said a deal could be expected in the next two or three months. NXP is based in the Netherlands. It's unclear if the rumors of a merger might have been leaked to spur additional interest in NXP by other possible bidders for the company, aside from Qualcomm....Continue →


Kite Pharma Names VP

Santa Monica-based Kite Pharma, which is developing treatments for cancer, said late Thursday that it has named Christine Cassiano as Senior Vice President of Corporate Communications and Investor Relations. Cassiano was previously at W2O Group, and was co-founder of ARC2 Communications and Media, in addition to serving at Hill + Knowlton Strategies, Amgen, Allergan and Abraxis BioScience. Kite Pharma has product candidates aimed at treating hematological (blood-based) and solid cancers....Continue →


Event Farm Acquires Event Software Company Attend

Santa Monica-based Event Farm, which develops event marketing software, has acquired Boston-based event software company Attend, as an expansion of the company's reach. Event Farm--which already has offices in Santa Monica and Washington D.C., said the acquisition will add its presence with an office in Boston....Continue →


Fulgent Genetics Up Slightly In IPO Debut

Temple City-based Fulgent Genetics, closed its first day on the public markets up slightly, at $9.18 per share, after debuting at $9.00 per share this morning. The company priced at $9.00 a share on Wednesday night, and is now trading as FLGT on the NASDAQ Global Market. The company sold 4,200,000 shares of its common stock in the offering, raising $37.8M in its IPO. Fulgent Genetics is led by serial entrepreneur Ming Hsieh.Continue →


Kyriba Raises $23M For Risk Management, Treasury Management Software

San Diego-based Kyriba said this morning that it has raised $23M more, in a Series D funding. The developer of cloud-based, treasury management and risk management software said the round was led by Bpifrance, and also included HSBC and Daher Capital. Kyriba, led by Jean-Luc Robert, helps enterprises manage cross border transactions and finance. Kyriba's other investors include HSBC, BRED Banque Populaire, Daher Capital, Iris Capital and Upfront Ventures....Continue →


Velocify Names Trio Of New Executives

Los Angeles-based Velocify, which develops software to help companies better manage their sales process, is in a growth spurt, with the hire of three new executives--all veterans of the tech industry from the LA area. Velocify says it has named Kyle Messman as CFO of the company, Tiffany Chelsvig as Vice President of Human Resources, and Joel Ginsburg as General Counsel....Continue →


Newegg Looks To Boot Up Holiday Sales, In October

Los Angeles-basedd online retailer Newegg said this morning that it is launching a series of sales and deals on its various video game accessories and titles, through a month long effort in October is it calling "Gametober". The company--which appears to be attempting to extend its holiday sales season into October--said it will offer up a number of sweepstakes for video game enthusiasts, deals and promotions from manufacturers, flash sales, and more....Continue →


Smith Micro Adds Design and Development Service

Aliso Viejo-based software developer Smith Micro Sofware said that it has launched a new, design and development service, which will help its customers develop their own mobile apps. According to Smith Micro, the service is aimed at B2 enterprises and startups, and help them develop iOS, Android, and Windows apps. The company said the team already has designed and launched more than thirty mobile apps for its customers....Continue →


Spireon Rolls Out New Solar Powered Telematics Product

Irvine-based vehicle telematics and tracking systems provider Spireon said today that it has launched a new product, a solar-powered product specifically being used for tracking trailers. According to Spireon, the new product is compatible with both dry vans and containers, and helps companies better track their operations....Continue →



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