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  • Wednesday, December 17, 2014

    Snapchat Hit By Collateral Damage From Sony Hack

    Venice-based instant messaging app developer Snapchat is the latest victim of the hacking of Sony Pictures by a hacking group, which is believed to be backed by North Korea. Snapchat's Evan Spiegel posted a note on Twitter entitled Keeping Secrets, bemoaning the exposure of the company's business plan due to hacked emails which have been covered by many publications....Continue →

  • Wednesday, December 17, 2014

    Spokeo Hits 150 Employees, Reports Growth

    Pasadena-based people search engine provider Spokeo is up to 150 employees in its Pasadena headquarters, almost double the number of employees it had in 2012, the company said today. The site--which is led by Harrison Tang--said the growth compaes as it saw 159 percent revenue growth between 2012 and 2014. Financials were not released by the privately held firm....Continue →

  • Wednesday, December 17, 2014

    TrueX Media Acquired For $200M, Says Report

    Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox, according to a report from the WSJ this morning. The deal is reported to be worth $200M. TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese. TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures.Continue →

  • Wednesday, December 17, 2014

    Hulu Expands Content With Deal With Disney-ABC Television

    Los Angeles-based streaming television provider Hulu is bolstering its premium content lineup, with a new deal with Disney-ABC Television. Hulu said yesterday that it is in a new licensing agreement which brings video-on-demand rights to Resurrection, Mistresses, and Lifetime's Devious Maids. Financial details of the license deal were not disclosed....Continue →

  • Wednesday, December 17, 2014

    XPRIZE Extends Deadline for Google Lunar XPRIZE To 2016

    Los Angeles-based XPRIZE, which runs a series of multi-million dollar challenges aimed at helping to advance technology innovation, said yesterday that it has extended the deadline for the Google Lunar XPRIZE to the end of 2016. XPRIZE said the deadline for documenting a scheduled launch is now December 31, 2015, for teams to move forward in the competition....Continue →

  • Wednesday, December 17, 2014

    ID Analytics Names CFO

    San Diego-based ID Analytics said today that it has named Timothy Laughlin as the company's new Chief Financial Officer. Laughlin comes from Leap Wireless/Cricket Wireless, where he had been Acting Treasurer, and also served at H&R Block, FriendlyWorks, Inc. and Arthur Anderson LLC. ID Analytics is a provider of risk management and analytics software and is owned by LifeLock, which acquired the company back in 2012.Continue →

  • Wednesday, December 17, 2014

    Cubic Buys DTECH LABS For $114.5M

    San Diego-based CUBIC said late Tuesday that it has acquired DTECH LABS, a provider of modular networking and baseband communications equipment. CUBIC said it will pay up to $114.5M for DTECH, which it said it will use to bolster its secure communications business. DTECH supplies networking and communications products used by the military, for portable, secure operations, and supplies customers such as the Special Operations Command (SOCOM), the U.S....Continue →

  • Wednesday, December 17, 2014

    Quality Systems Names CIO

    Irvine-based healthcare information systems provider Quality Systems, Inc. said this morning that it has named Zachary J. Sherburne a the company's new Global Chief Information Officer. Sherburne was previously CIO and VP information Services at Spectrum Brands, and also served at Stanley Black & Decker, Arthur Andersen & Co., Deloitte Consulting and Computer Sciences Corp....Continue →

  • Wednesday, December 17, 2014

    FastSpring Joins Recurring Revenue Industry Group

    Santa Barbara-based FastSpring, which operates a cloud-based, e-commerce merchandising and fulfillment service aimed at software and SaaS companies, said it has joined a new group called the ServiceSource Recurring Revenue Alliance. The group--led by ServiceSource--is developing best practices for recurring revenue businesses. FastSpring is led by Chris Lueck.Continue →

  • Tuesday, December 16, 2014 Rolls Strawberry Shortcake Prepaid Cards

    Santa Monica-based, the prepaid, branded MasterCard provider led by Ben Katz, has inked a deal to bring a line of Strawberry Shortcake-themed, prepaid MasterCards to market, the company said this week. said the new cards come thanks to a strategic partnership with AG Properties, the licensing division of American Greetings Corporation. Financial details of the deal were not disclosed....Continue →

  • Tuesday, December 16, 2014

    Serviz Raises $12.5M More

    Sherman Oaks-based Serviz, the on-demand handyman service led by former ReachLocal head Zorik Gordon, announced today that it has raised $12.5M in a Series B funding round. The funding came from PointGuard Ventures, Andy Sheehan, Jeff Stibel, along with Zorik Godron and Michael Kline. The company has now raised $20M in funding. Serviz previously raised funding from Groupon. The company helps connect homeowners with handymen and other home services, such as plumbers, electricians, and others....Continue →

  • Tuesday, December 16, 2014

    Upfront Ventures Raises New Fund Worth $280M

    Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally....Continue →

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