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Report: California To Suffer More In Recession
The nonprofit Milken Insitute reported late Thursday that the U.S. has entered a recession, and that the impact on California will be greater here than for the rest of the U.S....READ MORE >>
posted on Friday, May 9, 2008

CallWave Names Engineering VP

Santa Barbara-based CallWave, a provider of Internet-based communications services, said Thursday evening that it has appointed Ritesh Bansal as the firm's new Vice President of Application Development. Bansal joins the firm from TalkPlus, and has previously served at Kivera, CitiBank, and Oracle. According to CallWave, Bansal was responsible for development of the "Friend Finder" app at Kivera for AT&T. Bansal will report to CallWave President and CEO Jeff Cavins.READ MORE >>
posted on Friday, May 9, 2008

Occam Networks Hires New CFO

Santa Barbara-based Occam Networks announced Thursday that it has hired a new CFO, Jeanne Seeley. Seeley joins the firm from Access Co. Ltd., the Japanese parent of PalmSource. Occam said that Seeley has also previously served as SVP and CFO of Snap Appliances, VP and CFO of Quantum DSS Corporation, and VP, Corporate Controller, and Chief Accounting Officer at Apple Computer Inc. Former CFO Chris Farrell will continue with the firm until May 31st to transition the firm....READ MORE >>
posted on Friday, May 9, 2008

Los Angeles, Orange County Among Top 10 eBay Markets

Online auction site eBay released their list of the most active markets for the site Thursday, reporting that both Los Angeles-Long Beach and Orange County were among the top 10 markets for the firm. According to eBay, the Los Angeles-Long Beach area ranked number one in the U.S. for eBay sales, selling $1.3 billion dollars in items on the site last year; Orange County ranked sixth in the nation for eBay sales, with over $636M in sales for last year....READ MORE >>
posted on Thursday, May 8, 2008

Pandemic In Deal For Lord of the Rings Title

Los Angeles-based video game studio Pandemic Studios said Thursday that it is developing a new title based on Lord of the Rings. The studio, which is a unit of Electronic Arts, said that The Lord of the Rings: Conquest will ship for Xbox 360, Playstation 3, PC, and Ninendo DS platforms. The game, which is being released in partnership with New Line Cinema, is being developed by the team which build Star Wars Battlefront and the Star Wars Battlefront II titles....READ MORE >>
posted on Thursday, May 8, 2008

Yardi Systems Buys Software Products

Santa Barbara-based Yardi Systems, a developer of real estate software, said Thursday that it has acquired ARGUS Property Management (CTI) and ARGUS INSIGHT Reporting, two products from ARGUS Software. Financial terms of the acquisition were not disclosed. According to Yardi, the deal will also include a strategic alliance with ARGUS, where ARGUS will become a reseller of its products, and where Yardi will market its Yardi Voyager Commercial title to ARGUS customers....READ MORE >>
posted on Thursday, May 8, 2008

MySpace Opens Profile Data, Links to Yahoo, eBay, Photobucket, and Twitter

Los Angeles-based MySpace said Thursday morning that it has launched a new initiative to allow Yahoo, eBay, Photobucket, and Twitter to pull public profile data into their websites. MySpace said its "Data Availability" effort will allow users to dynamically share their public profile information with other sites. MySpace will allow users to control what information they share with who, including basic profile information, photos, videos, and friends....READ MORE >>
posted on Thursday, May 8, 2008

Interview with Kihong Bae, MusicShake

We recently ran into Kihong Bae, who is general manager of MusicShake (www.musicshake.com), a startup focused on allowing users--with no music training--to create their own music online. The firm--which started in South Korea--recently opened up its U.S. operations here in Los Angeles. We spoke with Kihong about the company, what it offers, and why it decided to locate here....READ MORE >>
posted on Thursday, May 8, 2008

Cogent Systems Buys Security Firm

South Pasadena-based Cogent Systems said today that it has completed the acquisition of MAXIMUS Security Solutions Division, a provider of identity management and credentialing services, security consulting, and web application development. Cogent said it paid $5M in cash for the division, which is part of MAXIMUS. Cogent said the deal is expected to add $5M in revenues for the remainder of 2008....READ MORE >>
posted on Thursday, May 8, 2008

MusicIP Adds Board Member, Sales VP

Monrovia-based MusicIP, a provider of music discovery software and related products, said Wednesday that it has tapped Microsoft for a new board member, and also appointed a new VP of Sales. the firm said that former Microsoft corporate VP Lindsay Sparks has joined the board, and appointed Scott Lehr as the firm's Vice President of Sales, Strategy, and Business Development. Lehr was most recently a consultant, and has previously served as an SVP at MyStrands, and as an executive at Muze....READ MORE >>
posted on Thursday, May 8, 2008

Channel M Names CTO

Los Angeles-based Channel M, a venture backed, digital out-of-home video advertising network, said Wednesday that it has named Peter Lee as the firm's Chief Technology Officer and Chief Strategy Officer. Lee joins the company from The Walt Disney Company, where he was Vice President, Business Development New Technology in the firm's Corporate Strategy, Planning, and Technology Group. Lee has also served as President and CEO of GeoVideo Networks, COO/CTO of Hitplay Media, and also served at IBM....READ MORE >>
posted on Thursday, May 8, 2008

MindTouch Upgrades Wiki Software

San Diego-based MindTouch said Wednesday that it has upgraded its open source wiki software. The firm said its new release, MindTouch Deki Wiki v8.05, specifically adds international language support. According to MindTouch, the new language features were developed for Mozilla, in order to allow the open source foundation to host multiple languages on its site....READ MORE >>
posted on Wednesday, May 7, 2008

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