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Monday, April 27, 2015

Predixion Software Snags Series D

Monday, April 27, 2015

Aliso Viejo-based Predixion Software announced this morning that it has raised a Series D funding round. Size of the round was not announced. The developer of cloud-based, predictive analytics software said the round was led by Software AG, and also included GE Software Ventures and the company's other financial and strategic investors. Predixion Software is led by Simon Arkell, and has previously also raised capital from Accenture, Frost Venture Partners, DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures.

 
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Interview with Satish Varma, Clorder

Monday, April 27, 2015


For our startup interview this morning, we caught up with Satish Varma, co-founder of Torrance-based Clorder (www.clorder.com), which is developing restaurant ordering software. Satish co-founded Clorder with Sridhar Sambangi, who was the Chief Architect of Cornerstone OnDemand. We caught up with Satish to learn more about the company and its products.

What is Clorder?

Satish Varm: Clorder is short for cloud ordering. We are an online ordering platform, that helps restaurants enhance their web presence and the profitability of their brand. Online ordering is obviously the core engine here, but we do lots of other applications and services around that, and provide a well rounded solution for running restaurants.

What's your background, and how did the company start?

Satish Varma : I have a bachelor's and master's in computer science and software, and went to Northwestern in Chicago, and got my MBA from Kellogg. I have been working on the business side of the product at Motorola, and worked there for over ten years. I was involved in the first color phone there which Motorola launched on Android.

I saw the highs and lows of the corporate world, so I decided to try to do something on my own. My first step was working at a startup, which launched Dell phones for Android, and after which I ended up in Chicago at Vcube Communications. We were a little early in that market, doing outsourcing, offshore, and managed crowdsourcing....

 
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Ferris Finds $2M In Funding

Monday, April 27, 2015

Los Angeles-based video sharing startup Ferris has raised $2M in a seed financing round, led by Upfront Ventures, and also included Allen DeBevoise of Machinima. As part of the the funding, Mark Suster of Upfront Ventures joins the company's board. Ferris develops a mobile, iPhone app which lets users save and share videos they create ont heir phones, and links those videos together into "stories". The startup is led by Paul Bouadakis. The company's app include such features as group stories for capturing videos of things like weddings, sports, concerts, and other life events.

 
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Activision Sets Call of Duty: Black Ops III Release

Monday, April 27, 2015

Santa Monica-based game publisher Activision said this morning that it will be rolling out another Call of Duty sequel, Call of Duty: Black Ops III, on November 6th. Activision said that the new title will debut on Xbox One, PlayStation 4, and PC platforms simultaneously. The new title is being developed by Treyarch. In conjunction with the announcement, Activision said it has started accepting pre-orders for the game, as well as started offering up early beta access to those who pre-order the game. Activision said it took three years of development for Call of Duty: Black Ops III--the longest ever spent on development of a game in the series. The new title apparently includes new, multiplayer features, as well as new Zombie features.

 
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Quanticel Pharmaceuticals Acquired By Celgene

Monday, April 27, 2015

San Diego- and San Francisco-based Quanticel Pharmaceuticals has been acquired Celgene, in a deal worth $100M in cash plus up to $385M in earn out. Celgene said the deal gives it access to Quanticel's proprietary platform for the single-cell genomic analysis of human cancer, to help advance Celgene's pipeline of cancer therapies. Quanticel had been led by Steve Kaldor, and was venture backed by Versant Ventures.

 
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aTyr Pharma Adds Board Member

Monday, April 27, 2015

San Diego-based aTyr Pharma said this morning that it has added a new member to its board. aTyr said it has added Mark Goldberg, M.D., who is currently Senior Advisor for Medical and Regulatory Strategy at Synageva BioPharmaca Corporation, to the position. He also had served at Genzyme, and has nearly 20 years of experience in the field. aTyr Pharma is focused on treatment of rare diseases, and is a spinout of the Scripps Research Institute.

 
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TechCXO - Los Angeles

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Friday, April 24, 2015

How ScoreStream Is Crowdsourcing Its Way Into High School Sports Media

Friday, April 24, 2015

In the world of sports, getting high school sports scores have always been an issue for local media, such as newspapers and television stations. In the age of the smartphone and social sharing, San Diego-based ScoreStream (www.scorestream.com) thinks it has figured out how to tap into that new world, and connect all that social activity with the media. We caught up with serial entrepreneur Derrick Oien, who is CEO of the company, to learn more.

Tell us a little bit about this new startup?

Derrick Oien: We started ScoreStream three years ago. I was at MP3.com, and then Intercasting. We sold both of those. Chumby was a bit of a slog, trying to figure out a way to fix it. After Chumby, I was EIR for Avalon Ventures, and was looking at a couple of different opportunities, ranging from 3D printing, to Machine-to-Machine communications, medical IT, and sports there. While there, I was approached by a guy with an idea around sports statistics, and we spent about two months to figure out what was interesting about the sports market. We came up with several things that were characteristics of the sports market, number one being that it was a place that venture capitalists were just not excited about. That was actually good for us, because we did not want to be in a place like photo sharing, where they are hundreds of startups being started by lots of people. It's actually nice that there is a shortage of capital for sports startups....

 
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Instantly Taps Bourque As GM

Friday, April 24, 2015

Los Angeles-based Instant.ly, which is backed by Greycroft, Openview Venture Partners, DFJ Frontier, and DuPont Capital, has tapped startup veteran Carla Bourque as its new General Manager, Automated Sample, the company recently announced. Bourque had been the CEO of Smartify, the marketing automation and analytics company. Instantly offers up a service which helps brands access market research and sampling. Bourque also has served at Buddy Media, Say Media/Six Apart, Nielsen Online, Catalina Marketing, Rapt, and Jupiter Media Metrix. Instantly is led by Alan Gould. The company, until recently, was known as uSamp.

 
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Fandango Rolls Out Apple Watch App

Friday, April 24, 2015

Los Angeles-based movie site Fandango launched a new app for the Apple Watch today, letting users pull up barcoded movie tickets on the new Apple Watch, as well as other feature as directions to a theater, countdown-to-showtime clock, and more. Fandango said the Apple Watch app works in conjunction with Fandango's app on the iPhone. The app also includes movie trivia and facts, and will eventually include the ability to rate films. Fandango said the new app is available from the Apple Watch App Store as of this morning.

 
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Awesomeness TV Launches Millenial Mom Channel

Friday, April 24, 2015

Los Angeles-based AwesomenessTV disclosed Thursday that it is launching a brand new online video channel and brand focused on millenial mothers, called Awestruck. The new channell--which will be carried through YouTube, Facebook, and Verizon--will feature comedy, dramas, talk shows, and much more. AwesomenessTV is owned by Dreamworks Animation.

 
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XPRIZE Launches MOONBOTS Challenge

Friday, April 24, 2015

XPRIZE, the Marina Del Rey-based organization that is known for running competitions to spur innovation solutions to some of the world's biggest problems, has launched a new effort called the MOONBOTS Challenge. According to XPRIZE, the new challenge is aimed at kids 8 to 17, and invites them to design, create, and program their own lunar rover. The new challenge is specifically aimed at persuading teens to create small, 2-4 person teams to create their own robots--with a grand prize of sending those teens to Japan to meet the teams competing in the Google Lunar XPRIZE. The challenge is the second, kids-focused challenge that has been launched by XPRIZE this year; the group is also running a XPRIZE with Disney called the Create Tomorrowland XPRIZE Challenge. Unlike the group's traditional prizes, neither of the new prizes feature multimillion dollar purses, nor do they tackle large societal problems, but instead focus on inspiring kids.

 
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Hulu, Turner Broadcasting Ink Deal For Adult Swim, Cartoon Network, TNT Titles

Friday, April 24, 2015

Los Angeles-based streaming television site Hulu and Turner Broadcasting said Thursday that the two are in their first licensing agreement between the companies, which will bring such titles as Robot Chicken, Aqua Teen Hunger Force, The Last Ship, and Murder in the First to Hulu's service. Financial details of the deal were not disclosed. The companies said that the multi-year licensing agreement will grant Hulu the exclusive SVOD rights to previous seasons of programming from Cartoon Network and Adult Swim as well as select current and upcoming series from TNT and TBS. The deal also covers upcoming TBS series Angie Tribeca, which the companies said will be available exclusively for streaming after its full run season on TBS.

 
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La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator

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Thursday, April 23, 2015

Ocho Opens Office In Los Angeles

Thursday, April 23, 2015

Ocho, a New York-based developer of a mobile video messaging app which lets users share 8-second videos with each other, said Thursday that it has opened up a new office in Los Angeles. The company said it has hired Andy Schuon to head up the office. Schuon was most recently Chief Digital Officer at Ticketmaster/Live Nationa, and also had served as president of CBS Radio, and GM of Warner Bros. Records, and also founder of a music television channel with Vivendi-Universal and Sean "Diddy" Combs, in addition to serving at MTV, MTV2, and VH1.

 
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3DR Ups Funding Round To $64M

Thursday, April 23, 2015

3DR, the drone manufacturer and technology developer, said this morning that it has raised its Series C funding to $64M, in an expansion beyond its initial, $50M funding. According to 3DR, the expansion was led by WestSummit Capital, and also included SanDisk Ventures and Atlantic Bridge Ventures, along with other investors. The new funding comes on top of the earlier, $50M funding, which came from Qualcomm Ventures, Foundry Group, True Ventures, OATV, Mayfield, and Shea Ventures. 3DR is based in Berkeley, but was founded and has major operations in San Diego. The company--better known as 3D Robotics--develops very widely used drone software and hardware.

 
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PingThings Picks Up Funding

Thursday, April 23, 2015

San Juan Capistrano-based PingThings, a developer of predictive intelligence software for the electric utility industry, has scored a round of funding. The funding came from GE Ventures and Frost Data Capital. Size of the funding was not announced. PingThings said the funding will go towards initial deployment of its product at major U.S. utilities, plus an expansion of its sales team. PingThings is led by Rich Sootkoos, and came out of the Frost I3 Industrial internet incubator.

 
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Cornerstone OnDemand Bolsters Board

Thursday, April 23, 2015

Santa Monica-based Cornerstone OnDemand, the developer of cloud-based, enterprise talent and employee management software, said today that it has named a new member of its board of directors. The company said it named Robert Cavanaugh, the former president of worldwide enterprise, SMB and government for Concur Technologies, to its board. Cavanaugh had served in his position at Concur since 1999 until its acquisition by SAP in 2014. He also has served at such companies as Seeker Software and Ceridian Corporation.

 
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Ciphrex Adds Cryptocurrency Expert As Advisor

Thursday, April 23, 2015

San Diego-based Ciphrex, which is developing peer-to-peer payment network technology, has snagged a cybersecurity and cryptocurrency expert to its baord of advisors. The company said today that Michael Perklin, founder and president of the CryptoCurrency Certification Consortium (C4) and director of Bitcoin Alliance of Canada, has joined as an advisor. Ciphrex recently raised a small Series A funding round, and says it is in the midst of a Series B funding effort.

 
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Kofax Gets $500K Win

Thursday, April 23, 2015

Irvine-based software developer Kofax reported a $500,000 win this morning, with what it says was a major U.S. insurance company. Kofax said that the insurance company will use its Kofax Mobile Capture™Platform, Kofax Mobile Capture SDK and Kofax Mobile ID products. Name of the customer was not announced. Kofax said the win is its second, major insurance company to adopt its platform so far this year. Kofax offers up document capture software used to digitize or eliminate paper in corporate processes. The company is in the process of being acquired by Lexmark.

 
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outstanding people of diverse talents and backgrounds and empowers them to
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TechCXO - Los Angeles

TechCXO is a professional services firm that provides experienced,
C-Suite professionals to deliver strategic and functional consulting
services for technology companies. We answer your critical issues
around obtaining capital, increasing revenue, entering new markets and
improving margins. TechCXO partners combine practical experience,
comprehensive resources and best practices to deliver objective,
high-value results.

For TechCXO Los Angeles, please contact:

Tim Noonan
Managing Partner, LA Region
TechCXO
(805)290-3720
tim.noonan@techcxo.com


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La Visual - A Branding, Product Strategy & Rapid Prototyping Accelerator

Local branding agency launches a new design-centric accelerator program. We
help you streamline the launch of your startup by offering world-class
branding, product strategy, user-experience design, rapid-prototyping
technology, mentorship, and access to early stage investment all under one
roof! Contact us to setup a meet and greet today.

Contact:
Braven Greenelsh
CEO

braven@lavisual.com
info@lavisual.com

Direct: 323-924-8847 | Studio: 818-824-6430 | Fax: 888-763-7412

Website:
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Linkedin Profile:
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Wednesday, April 22, 2015

RadPad Raises $9M Rental Marketplace

Wednesday, April 22, 2015

Los Angeles-based RadPad, the online rental marketplace led by Jonathan Eppers, said this morning that it has raised $9M in a Series A funding. The funding was led by Altpoint Ventures, and also included Goldcrest Investments. RadPad said it has now raised a total of $13M in funding. RadPad offers up a map-focused service which helps renters search for apartments and homes for rent. The company is targeting millenials with its service, which also includes a payment service to help renters pay their rent using a credit or debit card.

 
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DogVacay Expands Into Doggie Daycare

Wednesday, April 22, 2015

Santa Monica-based DogVacay, the online marketplace for pet sitting services led by Aaron Hirschhorn, said Tuesday that it is expanding into the doggie daycare market. DogVacay said it will let pet owners find daytime pet watching services, to help care for pets when owners are at work, school, or away fro home for an extended period of time during the day. DogVacay said that there is currently a 1 billion market for paid pet daycare. The new service is an expansion of DogVacay's marketplace, which previously had been focused on overnight care for dogs. DogVacay said the new service lets its host set and display specific rates for daycare, as well as available days for their services.

 
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ZIRX Finds $30M To Expand Valet Parking Service

Wednesday, April 22, 2015

ZIRX, the on-demand valet parking service which launched into Los Angeles in November, said today that it has raised $30M more to continue on its expansion. The funding was led by Bessemer Venture Partners, and also included Norwest Venture Partners and Trinity Ventures, along with others. The company said it has now raised $36.M in funding. ZIRX is based in San Francisco, and also offers its services in Los Angeles, Seattle and Washington.

 
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AssetAvenue Joins Real Estate Accelerator

Wednesday, April 22, 2015

Los Angeles-based AssetAvenue, the online, peer-to-peer lending site focused on commercial real estate loans, said today that it has been selected to participate in a real estate focused accelerator, backed by the National Association of Realtors. The company said it was selected to participate in the 2015 class of REach, a growth technology accelerator program sponsored by Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR). AssetAvenue is led by David Manshoory. The company helps to arrange bridge and other loans ranging from $250,000 to $25 million, aimed at purchasing commercial real estate, including office buildings, industrial properties, shopping centers and apartment buildings.

 
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Hollywood Software Buys Digital Cinema Systems, Inc.

Wednesday, April 22, 2015

Woodland Hills-based Hollywood Software, a developer of enterprise software used by studios, independent movie distributors, and exhibitors to run their distribution and exhibition businesses, said it has acquired Digital Cinema Systems, Inc., a provider of motion picture playback systems. Financial terms of the buy were not disclosed. Digital Cinema Systems develops the FilmStore, a digital cinema playback solution.

 
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Wallaby Rolls Apple Watch App

Wednesday, April 22, 2015

Pasadena-based < b>Wallaby Financial--which is now part of Bankrate--said Tuesday that it has launched a new app for the Apple Watch. Wallaby said the new app--Wallaby for Apple Watch--lets Apple Watch users optimize the credit card rewards for each of their purchases. The new app also helps users check on their credit card purchases and see credit card recommendations. Wallaby is led by Matthew Goldman.

 
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Green Dot Gets Mobile Gelocation Patent

Wednesday, April 22, 2015

Pasadena-based Green Dot, the prepaid debit card provider, reported Tuesday that it has been issued U.S. Patent No. 8,989,778, covering secure and private location sharing for location-aware mobile communication devices. Green Dot said the patent relates to its use of geolocation for creating customized user experiences, as well as for risk management and fraud prevention. The patent names Samuel H. Altman, Nicholas T. Sivo, Mark Jacobstein, Brian R. Knapp, James F. Potter, and Thomas B. Pernikoff as inventors, and was filed by Green Dot way back in July of 2007. Green Dot was represented by Arent Fox LLP in the patent filing.

 
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SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

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Strategy .

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Tuesday, April 21, 2015

Upfront Ventures Re-Ups On Appointment Booking Site MyTime

Tuesday, April 21, 2015

Los Angeles-based venture investor Upfront Ventures has lead another round in San Francisco-based online appointment booking site MyTime, as part of a $9.25M Series B. MyTime said that the funding round was led by Upfront Ventures, and also included Khosla Ventures, Daher Capital, Accelerator Ventures, and Westfield Corp. MyTime offers up an online marketplace, which lets consumers book appointments across a huge swath of consumer services, and also provides tools for managing appointments and marketing to customers for SMBs who are part of its marketplace. Upfront Ventures led an earlier round for MyTime, which had originally only offered its service in Los Angeles.

 
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Kareo Rolls Out Updated Software

Tuesday, April 21, 2015

Irvine-based medical practice management software developer Kareo, led by Dan Rodrigues, said Tuesday that it has launched the next generation of its cloud-based software for outsourced billing. The company said its Kareo Medical Billing now supports both web and mobile applications, adds customized reports, includes secure messaging, and many other features. Pricing on the new product was not announced. Kareo's investors include Greenspring Associates, OpenView Venture Partners, Silicon Valley Bank, Stripes Group, Western Technology Investment, as well as Uber founder Travis Kalanick.

 
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Twigtale Finds $1M For Personalized, Therapeutic Books

Tuesday, April 21, 2015

Los Angeles-based startup Twigtale, a service which helps parents create personalized books to help kids through everything from giving up a pacifier to moving to a new home, said today that it has raised $1M in a seed funding round. The funding was led by HBS Angels and the Tech Coast Angels, and also included Larry Paige and Lucy Southworth, Anne Wojcicki, Wendi Murdoch and Ivanka Trump. Twigtale's service uses expertly crafted, personalized books which the company says "make each child the hero of his or her story" and cover such challenging childhood transitions as moving, having a new sibling and trips to the doctor.

 
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CallFire Shifts Execs

Tuesday, April 21, 2015

Santa Monica-based CallFire, which offers up cloud-based text and voice communications services, said today that it has shifted the roles of two of its founders. The company said that TJ Thinakaran, Co-Founder and COO, has become Chief Services Officer for the company, and that Punit Shah, Co-Founder and CIO, will become Chief Product Officer. The company said the changes will allow Thinakaran to increase his focus on partner relationships, and will allow Shah to expand beyond his current role in managing the company's internal business intelligence and data warehouse to help in its product development and strategy. CallFire is led by Ron Burr.

 
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Disney Accelerator Connects Robot Startup, New Star Wars Movie

Tuesday, April 21, 2015

In one of the first concrete examples of the benefit of participating in the local Disney Accelerator, one of the first companies to participate in the TechStars driven program in Los Angeles--Sphero--is apparently behind the cool, rolling robot, BB-8, which is heavily featured in the upcoming Star Wars movie. According to Fortune, Sphero's robot was discovered by Bob Iger when he was mentoring Sphero as part of the first Disney Accelerator class. Sphero has actually been working on its rolling robots since 2010, when it was known as GearBox, and also went through TechStars' early startup accelerator classes.

 
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Campus Steps Gets $3M

Tuesday, April 21, 2015

Santa Monica-based Campus Steps, a new startup aimed at college counseling, said this morning that it has raised $3M in a funding round. The funding included $2M in a strategic investment and $1M in a venture commitment, according to the company. Names of those investors were not announced. Campus Steps was founded by Mark Eastwood, who was the former Head of Product at Rent.com/eBay. The company's Chief Technology Officer is Dave Meyer (Free Credit Report, eNeighborhoods), and its Chief Product Officer is Jeanne Anderson (DogVacay). Campus Steps is aimed at high school students, helping them to choose college. The company says it is looking to help students who aren't getting sufficient college and career guidance, by providing content, on-demand counselors, and other resources to help students develop a path to college and a career.

 
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Get Your Own (Model) SpaceShipOne

Tuesday, April 21, 2015

Mojave-based RutanRC, a new space startup formed by one of the engineers who worked on the SpaceShipOne and White Knight, as well as the designer of the Air Hogs toys, said it has launched a new effort to develop radio controlled models of the two spaceships. According to RutanRC, it has launched a new Kickstarter campaign to fund the development of radio controlled models of the SpaceShipOne and White Knight, the designs created by famed aerospace designer Burt Rutan. The startup said it was created by Dan Kreigh, who worked as a Scaled Composites engineer on the SpaceShipOne and other Rutan designs, along with Jeff Corsiglia, who the startup said led R&D for the AirHogs HELIX +4, SharpShooter, and other RC products. The startup also said that aerospace designer Burt Rutan will serve as an advisor to the company.

 
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Linksys: We've Sold More Than 100 Million Routers

Tuesday, April 21, 2015

Irvine-based Linksys said today that it has now sold more than 100 million of its wired and wireless routers, since it shipped its first router back in December of 1999. Linksys--which says it now has more than 60 different routers--said that, as part of a celebration of hitting that 100 million milestone, the company is launching a social media and effort to work with the U.S. State Department to make it legal to distribute its wireless routers in Cuba, in a campaign it calls "Link Your World", to try to expand web access in that country.

 
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Northrop Grumman Provides $17.5M To Caltech For Space Power Effort

Tuesday, April 21, 2015

Northrop Grumman Corporation said yesterday that it will be providing up to $17.5M to Caltech, as part of an effort to develop space-based, solar power systems. According to Northrop, the funding goes towards the Space Solar Power Initiative (SSPI), an effort to capture solar power in space, and to send that power back to earth. Northrop said the project aims to generate electric power at cost parity with grid-connected fossil fuel power plants. The research effort is being led by Professors Harry A. Atwater, Jr., Ali Hajimiri, and Sergio Pellegrino, and is expected to eventually include a team of over 50 members.

 
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KeyInfo, Wilcon:Fiber Ring Connectivity For LA and Ventura County

Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure
provider offering integrated solutions to enterprises, has announced the
launch of its dedicated fiber ring built in partnership with Wilcon, the
premier West Coast provider of private fiber optic networks. The KeyInfo
fiber ring brings high-speed, private connectivity to businesses in Los
Angeles and Ventura Counties. Because of its characteristic high security,
fiber is an ideal choice for industries with highly regulated or sensitive
data requirements. Organizations in the healthcare, financial, retail and
government verticals can depend on Wilcon’s absolute physical layer
security to protect the data in transit.

For more information about the KeyInfo fiber ring, please visit our
website at:
http://keyinfo.com/solutions-we-build/Connectivity/fiber/


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Monday, April 20, 2015

Switching Concepts Acquired By X5 Solutions

Monday, April 20, 2015

Santa Monica-based Switching Concepts, a provider of turnkey telecom switching platforms, aimed at helping startup and existing telecommunications providers, has been acquired by X5 Solutions. Financial terms of the buy were not disclosed. X5 Solutions is based in Seattle, and is owned by private equity investor NewSpring Capital. X5 said the acquisition also helps it expand into the Los Angeles market, in addition to adding additional capacity and network infrastructure.

 
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