Top News

  • 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,, 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 →

  • Tuesday, September 30, 2014

    Vonjour: Turning Your Phone Into A Customer Support Center

    For many employers, all those employee smartphones are a huge IT headache. However, what if you could take advantage of those ubiquitous smart devices, and turn that into a huge asset for your company? Vonjour (www.vonjour....Continue →

  • Tuesday, September 30, 2014

    Newport Corporation Completes V-Gen Acquisition

    Irvine-based Newport Corporation said it has completed its previously announced acquisition of Israeli laser manufacturer V-Gen Ltd.. Financial terms of the buy have not been announced. Newport Corporation said it expects the acquisition to generate sales of $15M to $20M in the next twelve months. V-Gen is a developer of fiber lasers, and is headquartered in Tel Aviv, Israel. The company has approximately 50 employees worldwide, according to Newport Corporation....Continue →

  • Tuesday, September 30, 2014

    Emulex Names VP

    Costa Mesa-based storage networking technology developer Emulex said yeserday that it has named Ali Hedayati as its new Senior Vice President and General Manager of Network Visibility Products (NVP). Hedayati has served at BMC, Coradiant, and Intel. He was most recently a VP and GM at BMC, running that firm's application management business unit.Continue →

  • Tuesday, September 30, 2014

    Avanir Pharmaceuticals Raises $230M In Public Offering

    Aliso Viejo-based Avanir Pharmaceuticals has raised another $230M, via the public markets, the company said Monday. The company said the funding came via a public offering of 20,930,000 shares of its common stock, sold at $11.00 per share. The company was already publicly traded. The company said the new funding will go towards general corporate purposes, funding commercial activities and clinical trails, and more, including potentially for acquisitions....Continue →

  • Tuesday, September 30, 2014

    Rubicon Project Ties With Marketing Agency DigitasLBi

    Los Angeles-based online advertising technology developer Rubicon Project and global marketing agency DigitasLBi said Monday that DigitasLBi is tapping Rubicon's technology for a premium programmatic buying effort. Financial impact of the win was not disclosed. DigitasLBi will use Rubicon Project's Agency Marketplace solution, to help its clients with programmatic buying of premium inventory....Continue →

  • Monday, September 29, 2014

    Squawkin Raises $2.5M For Social Communications App

    Pasadena-based Squawkin, a developer of mobile apps which let users communicate using voice, photos, and text, said Monday that it has raised $2.5M in a funding round, and also has launched its apps. The startup said its new app, which runs on iOS and Android, lets users combine live voice streaming, photos, text plus location. The startup is led by Dean Glasse. Other details on the funding were not announced. The company said it is in the midst of a second funding round....Continue →

  • Monday, September 29, 2014

    Hulu Gets All Of South Park

    Los Angeles-based streaming television site Hulu has inked a deal to stream every episode of South Park, the site said over the weekend, According to Hulu, all seventeen seasons of South Park--over 200 episodes--are now available on Hulu. The site also said that new episodes from the current season, season 18, will be available the day after they air....Continue →

  • Monday, September 29, 2014

    Dollar Shave Club Gets $50M More

    Los Angeles-based Dollar Shave Club, the subscription e-commerce startup led by Michael Dubin, has raised $50M in a Series C funding round, the company disclosed this morning. The funding came from Technology Crossover Ventures. The company's prior backers include Andreessen Horowitz, Battery Ventures, Comcast Ventures, Felicis Ventures, Forerunner Ventures, Kleiner Perkins Caufield and Byers, New World Ventures, Science Inc., Shasta Ventures, and Venrock Associates....Continue →

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