Top News

  • Wednesday, October 1, 2014

    Rowl Raises $4M For Event Discovery

    Santa Monica-based Rowl, which develops apps to help users figure out what is going on around them, said Wednesday that it has raised $4M in a funding round. The company said the investors included former Logitech CEO Jerry Quindlen and current Ingram Industries chairwoman Martha Rivers Ingram. The company said the funding will go to enhance its app. Rowl's app currently runs on iOS. The company focuses its app on surfacing concerts, sporting events, comedy, and other events nearby a user....Continue →

     
  • Wednesday, October 1, 2014

    Lindzon Backs Estate Assist

    One of Southern California's most active angel investors, Howard Lindzon, said Wednesday that he is backing Estate Assist, which offers up an online storage service for important documents like wills, life insurance, and bank account information--in case you get hit by a bus tomorrow. Size of Lindzon's stake in the company was not announced. Estate Assist is led by Woody Levin, and is based in San Francisco....Continue →

     
  • Wednesday, October 1, 2014

    FreedomPop Launches Branded Devices

    Los Angeles-based free mobile broadband and Internet phone service FreedomPop said Wednesday that it has launched its own line of branded products, including an Android "phablet" and an Android phone. The company--which offers up free, albeit bandwidth limited mobile data service and phone in a number of markets--said the new devices include a 7-inch, 4GB Android "phablet" called the FreedomPop Liberty, and a 7-inch, 4GB LTE plus wi-fi Android phablet called the FredomPop Frenzy....Continue →

     
  • Wednesday, October 1, 2014

    JibJab Takes On Instant Messages

    Los Angeles-based humorous, electronic greeting card provider JibJab is looking to gain a footprint in the instant messaging and texting market, with a new product it is calling JibJab Messages. The new product allows iOS users to send custom, JibJab style dancing and singing characters--personalized with your own head--to friends....Continue →

     
  • Wednesday, October 1, 2014

    Advanstar Acquired For $972M By UBM

    Santa Monica-based Advanstar Communications, a trade show and conference operator serving the fashion, licensing, life sciences, and power sports industries, has been acquired by UBM plc, in a deal worth $972M. According to Advanstar Communicaitons, the deal was funded by an investor group that includes Anchorage Capital Group LLC, Veronis Suhler Stevenson, as well as funds managed by the Tradable Credit Group at Ares Management L.P. Advanstar was advised by Goldman Sachs & Co....Continue →

     
  • Wednesday, October 1, 2014

    CoreLogic Sells Two Business Units

    Irvine-based residential property information provider CoreLogic said Tuesday that it has sold two of its business units to Mortgage Contracting Services, LLC. According to CoreLogic, it sold its Collateral Solutions and Field Services business units to MCS in a deal worth $25M at closing, plus up to $20M in earnout contingent on performance thresholds.Continue →

     
  • Wednesday, October 1, 2014

    Component Search Targets Electronic, Mechanical Part Searches

    Los Angeles-based Component Search International, a new startup focused on the design engineering market, said today that it has launched its services, billing itself a "Google for Components". The company, headed by Joe Bilotta, said the new site has over 800 suppliers, 15 million unique parts, and 350 million data sheets, and is hoping to solve the current issue of re-marked and counterfeit parts....Continue →

     
  • Wednesday, October 1, 2014

    Aerie Pharmaceuticals Completes $125M Financing

    Newport Beach-based pharmaceuticals developer Aerie Pharmaceuticals said late Tuesday that it has completed its $125M, convertible note financing from Deerfield Management Company. The financing deal had been announced earlier in the month. Aerie Pharmaceuticals is focused on the development and commercialization of treatments for glaucoma....Continue →

     
  • Tuesday, September 30, 2014

    Conversant Names New Executive

    Westlake Village-based Conversant, the online advertising firm which is in the midst of being acquired by Alliance Data, said Tuesday that it has named Jim Rund as its new Chief Revenue Officer for its media business. Rund--who will be based in Chicago--joined the company from Catalina (now owned by Berkshire Partners), and also has served at General Mills. Conversant was formerly known as ValueClick, and offers up a wide range of online advertising products and services....Continue →

     
  • Tuesday, September 30, 2014

    It's Official: Metacloud Now Part Of Cisco

    Pasadena-based Metacloud is now officially part of Cisco, the companies said Monday, with Metacloud joining Cisco's Cloud Infrastructure and Managed Services organization. MetaCloud provides implementation and management of OpenStack-based clouds for enterprise customers. Financial terms of the acquisition--which was announced earlier this month--have not been announced....Continue →

     
  • Tuesday, September 30, 2014

    AeroVironment Wins $27.2M Army Contract

    Monrovia, California-based unmanned aerial vehicle maker AeroVironment reported Tuesday that it has scored a $27.2M contract award from the U.S. Army, for spare parts for its RQ-11B Raven and RQ-20A Puma AE unmanned aircraft systems. The company said it expects to deliver those parts to the U.S. Army within the next 12 months. The company said the new order brings its total spare parts and upgrades to $77.6. AeroVironment's drones are used for tactical and security efforts by the military....Continue →

     
  • Tuesday, September 30, 2014

    Move Acquired By News Corp.

    Move, Inc., the operator of the Realtor.com, Move.com, and other related real estate businesses, is being acquired by News Corp., in a deal worth approximately $950M, the two companies said this morning. Move has operations in the Thousand Oaks, California area, although it is now based in San Jose. According to the two, News Corp. will pay $21.00 per share for Move Inc. Move had revenues of $227M for its year ended December 31, 2013. Move will become an operating business of News Corp....Continue →

     
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