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Thursday, July 2, 2009 Userplane: We're Not Dead Yet  Santa Monica-based Userplane, which develops web widgets used by other online community sites, including chat and other collaboration applications, told its users today in an email that the firm's future "remains bright." The firm--which hasn't sent a monthly newsletter in awhile--sent out an email Thursday afternoon saying that the firm is "still comprised of forward-thinking, talented individuals who work hard to keep Userplane in demand and relevant in our industry....READ MORE >> posted on Thursday, July 2, 2009 NovaStor Acquired By Management Team  The management team of Simi Valley-based NovaStor, a provider of data backup and restore software and related services, announced Thursday afternoon that it, along with a group of investors, has assumed majority ownership of NovaStor and all of its associated companies from Novavisions AG. According to the management team, it will share majority ownership of NovaStor with the unnamed investor group, with Novavisions remaining a minority shareholder....READ MORE >> posted on Thursday, July 2, 2009 Rubicon Project Opens London Office  Santa Monica-based internet advertising firm the Rubicon Project said Thursday that the firm has officially opened up its London offices, and hired on a Director to handle UK publishers. Rubicon--which appointed a International VP just last month and said it would be setting up shop in London--said that it has recruited Justin Thomas as Director of UK Publisher Development for the new office. Thomas was most recenlty at Xelector, and has also served at AOL Europe, and has a degree from UCSB....READ MORE >> posted on Thursday, July 2, 2009 Livestrong.com To Highlight Tour De France  Santa Monica-based LIVESTRONG.com the online health and fitness joint effort between cyclist Lance Armstrong and Demand Media, said today that Armstrong will be adding exclusive content, including blog posts, videos, and photos, to the site as part of the 96th annual Tour de France. According to Livestrong, Armstrong will give updates on progress, interview other members of his team, and provide other content on the Tour de France portion of the web site. Livestrong....READ MORE >> posted on Thursday, July 2, 2009 Western Digital Completes Sale Of Factory  Lake Forest-based Western Digital has completed sale of one of its factories in Malaysia, according to buyer Hitachi GST. Hitachi Global Storage Technologies said it has completed its acquisition of a substrate manufacturing facility in Sarawak, Malaysia, which produces aluminum substrates used in hard disk drives. WD said it would sell the facility on May 20th, as part of an effort to adjust its cost structure. WD had acquired the facility when it purchased Komag a few years ago....READ MORE >> posted on Thursday, July 2, 2009
Wednesday, July 1, 2009 Schwarzenegger Gets Into Affiliate Tax Battle Governor Arnold Schwarzenegger has stepped into an Internet tax battle which has been brewing between online retailers Amazon.com, Overstock.com, and a number of states which have been mulling Internet taxes. The states have been working on legislation, targeted at Internet retailers which have affiliate advertisers in their state, to make them subject to local taxes. According to the Office of the Governor, Schwarzenegger said he promised to veto a tax on affiliate advertising, after Overstock....READ MORE >> posted on Wednesday, July 1, 2009 Done Right Acquired By N.C. Firm  Pasadena-based Done Right, a provider of an online, pay-per-performance directory of home improvement professionals, has been acquired by a North Carolina firm. According to Charlotte, North Carolina-based Tree.com, it has acquired certain assets of Done Right, and will offer Done Right as its newest service offering. Financial terms of the acquisition were not disclosed....READ MORE >> posted on Wednesday, July 1, 2009 Entropic Communications Shuffles CTO  San Diego-basd Entropic Communications, a manufacturer of semiconductors for the home entertainment networking market, announced Wednesday that it has hired on a new Chief Technology Officer, Dr. Tom Lookabaugh. Lookabaugh has served as CEO of PolyCipher--a joint venture owned by Comcast, Time Warner Cable, and Cox Communications--and also was on the faculty of the Computer Science Department at the University of Colorado. In addition, he's served at Harmonic and C-Cube Microsystems....READ MORE >> posted on Wednesday, July 1, 2009 CoreObjects Scores $2M In Venture Funding  Los Angeles-based CoreObjects, a provider of outsourced product development services to the venture-backed technology community, has raised $2.0M in a equity funding round, according to a regulatory filing by the firm today. Details on the funding have not yet been released by the company. According to the filing, Palomar Ventures--a prior investor in the firm--still holds two board seats, with Jim Gauer and Scott Walters sitting on the firm's board of directors. READ MORE >> posted on Wednesday, July 1, 2009 (More) WebVisible: Business Is Thriving  Irvine-based WebVisible, the local online advertising startup backed by Redpoint Ventures and Sutter Hill Ventures, says that it has "thrived," in the first half of the year, despite the current economy. The firm said today that it has "nearly tripled" its sales from 2008 during the first six months of the year, and is expected to post an almost 155 percent year-over-year revenue growth. The firm did not disclose actual financials to back up those numbers....READ MORE >> posted on Wednesday, July 1, 2009 TrueCar Taps Edmunds.com For VP  Santa Monica-based TrueCar announced today that it has snagged an executive from Edmunds.com for its new Vice President of Product Management. TrueCar said that Damon Cleckler has joined the firm in the position, after serving as executive director of product management at Edmunds.com, where he helped develops Edmunds "True Market Value" and "New Car Finder" products. The company said Cleckler will work on aiding in development of car pricing tools on the site....READ MORE >> posted on Wednesday, July 1, 2009 VMIX Eyes Maven Networks' Customers  San Diego-based VMIX is eyeing customers of Maven Networks, a provider of video hosting owned by Yahoo, saying Wednesday that it will help customers of Maven to migrate to VMIX. VMIX said it is offering to migrate hosting and delivery of media to former Maven Networks customers to VMIX, without any transfer or setup fees. Yahoo said earlier this week that it would discontinue the services offered by Maven Networks, which it acquired back in February of 2008....READ MORE >> posted on Wednesday, July 1, 2009 Saban Capital Hires Managing Director Los Angeles-based Saban Capital, the investment group of Haim Saban, disclosed this morning that it has hired on Elie Dekel as a Managing Director at the firm. Saban is an investor in media, entertainment, and communications companies, and also maintains a venture capital arm called Saban Ventures. Dekel was previously head of Licensing and Merchandising for 20th Century Fox. The firm said that Dekel will focus on licensing, merchandising, and intellectual property efforts....READ MORE >> posted on Wednesday, July 1, 2009 Vangard Voice Signs Enterprise Application Firm  Irvine-based Vangard Voice Systems, which develops technology used for voice-enabled applications, reported this week that it has partnered with Stratix Corporation, a developer of mobile enterprise applications. According to Vangard, Stratix will use the firm's voice technology in developing voice-driven applications for its enterprise customers. Financial impact of the deal was not disclosed. Vangard is venture backed by Berkshire Ventures, along with angel investors....READ MORE >> posted on Wednesday, July 1, 2009 Report: Six Year Low For Venture-Backed Liquidity, Despite IPOs Dow Jones VentureSource is reporting today that Q2 of this year was "one of the worst" ever for venture capital backed firms, in terms of liquidity, since early 2003. According to Dow Jones, there was only $2.8 billion in exits for the quarter, including both mergers and acquisitions and IPOs, down 57% from last year's numbers. Dow Jones said there was $2.57 billion in mergers and acquisitions of 67 companies in Q2, down from $6.48B and 89 transactions in Q2 of 2008....READ MORE >> posted on Wednesday, July 1, 2009 AeroVironment Hits Milestone In DARPA Project Monrovia, California-based AeroVironment, a developer of energy products and unmanned aerial vehicles, disclosed this morning that it has achieved a milestone as part of a grant from the Defense Advanced Research Project Agency (DARPA), and as a result, has been granted a contract extension on the program. According to Aerovironment, it has demonstrated controlled hovering flight of an air vehicle system using two flapping wings--part of a DARPA goal to create "nano" air vehicles....READ MORE >> posted on Wednesday, July 1, 2009 Altura Buys Voice and Data Provider Altura Communication Solutions, a Fullerton-based provider of voice and data communication services, announced Tuesday that it has acquired NetVersant Solutions LLC's Avaya business unit. Financial terms of the deal were not disclosed. Headquartered in Everett, Wash., NetVersant offers sales, support and consulting services to enterprise customers in the area of unified communications and business voice-over-IP services, throughout the United States....READ MORE >> posted on Wednesday, July 1, 2009
Tuesday, June 30, 2009 Report: Green Technology Deals Up In Q2  A report released Tuesday afternoon by publisher Greentech Media says that green technology investments hits $1.2 billion in Q2, up from $836M in the first quarter of the year. According to the report, there were 85 deals in Q2 versus 59 deals in Q1. Among other numbers tallied by Greentech: solar power deals led in terms of investment category, with $33.4M in 17 deals; automotive and transportation was next with $202....READ MORE >> posted on Tuesday, June 30, 2009 Pyron Solar Acquired By Ellis Energy Investments San Diego-based Pyron Solar, a manufacturer of solar concentrators for the utility scale solar market, has been acquired. According to Ellis Energy Investments, it acquired the assets of Pyron, and will be adding the firm to its portfolio of companies. Financial terms of the acquisition were not disclosed....READ MORE >> posted on Tuesday, June 30, 2009 Metaplace Embeds Virtual Worlds  San Diego-based Metaplace, the online virtual world startup headed by Raph Koster, disclosed today that the firm is now allowing users to easily embed virtual worlds into any web page. Metaplace said that web users can now embed the firm's Flash-based virtual worlds into blogs or webpages....READ MORE >> posted on Tuesday, June 30, 2009 Ortiva Wireless Boosts Sales Efforts With New Hire  La Jolla-based Ortiva Wireless, which develops technology to stream video to mobile devices, reports today that it has hired on a new, Senior Vice President of Worldwide Sales, James D. Edson. According to the firm, Edson will help manage and grow the firm's domestic and international carrier business. Edson was most recently at Scanbuy, and has also previously served at Motorola, Qualcomm, Ericsson, PacketVideo, and Littlefeet....READ MORE >> posted on Tuesday, June 30, 2009 Everbridge, NC4 In Partnership El Segundo-based NC4, a provider of emergency management and situational awareness services, said today that it has partnered with Glendale-based Everbridge in a deal which will help NC4 provide mass notification to its customers. According to NC4, the partnership will allow the company to distribute alert information to employees and stakeholders. NC4 is using Everbridge's mass notification product, Everbridge Aware. Financial details of the partnership were not disclosed....READ MORE >> posted on Tuesday, June 30, 2009 Stamps.com Updates PC Software Los Angeles-based Stamps.com, a provider of PC and online postage software, has updated the firm's software, saying today that it has redesigned its user interface, along with other improvements. Stamps.com, which allows anyone with a PC to print their own, legal U.S. postage, said that version 8....READ MORE >> posted on Tuesday, June 30, 2009 Spark Networks Pumps Christian Dating Site Beverly Hills-based Spark Networks, which operates a number of vertically focused, online dating sites, is claiming today that the firm has now reached two million members for the firm's Christian focused dating site, ChristianMingle.com. The firm said the site--which has been around since 2001--is now the "leading" online network for Christian singles. Spark also operates AmericanSingles.com, BlackSingles.com, SingleParentsMingle.com, and PrimeSingles.net.READ MORE >> posted on Tuesday, June 30, 2009 Mushroom Networks Targets Wireless Market San Diego-based Mushroom Networks, a spinout of the University of California San Diego, said today that the firm is now applying its technology to the wireless market. The firm, which develops technology which combines multiple Internet connections into one, faster broadband connection, said its product PortaBella takes up to four cellular data cards and creates a single, high-speed shared connection from those four cards....READ MORE >> posted on Tuesday, June 30, 2009 |
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