Wednesday, April 23, 2014

Facebook Gets Clearance From FTC For Oculus VR Buy

Wednesday, April 23, 2014

Facebook has received antitrust clearance from the Federal Trade Commission, for its acquisition of Irvine-based Oculus VR, the FTC said today. Facebook had said it would pay $2 billion for Oculus VR back in March. Oculus VR is a maker of 3D, virtual reality goggles and hardware. Two year old Oculus VR was venture backed by Andreessen Horowitz, Formation 8, Matrix Partners, and Spark Capital.

 
Continue →

Sizmek Bolsters Digital Advertising Staff In LA

Wednesday, April 23, 2014

Sizmek, a developer of digital advertising technology, said this week that it has named Patrick Meehan as head of Sales in its Los Angeles office. The company--which is based in New York--has around 40 employees in Los Angeles. Meehan was previously
Director of Agency Sales and Account Management at DoubleClick. Sizmek focuses on open ad management, helping to manage online advertising campaigns for advertisers and agencies. Los Angeles is a major center for online advertising, with other companies like OpenX, Convertro, Frequency, Rubicon Project, Airpush, ReachLocal, and many, many others in the industry based in the region.

 
Continue →

Nexus Acquired By Dimension Data

Wednesday, April 23, 2014

Valencia, California-based Nexus, the information technology services provider headed by Deron Pearson, has been acquired by $6 billion IT solutions provider Dimension Data, the two said this morning. Financial terms of the acquisition were not announced. Nexus was founded in 2004, and has nineteen offices across the country. According to the companies, the buy will bolster Dimension Data's operations in the US by 40 percent, and particularly increases the company's presence in the West, Southwest, and Southeast. As part of the acquisition, Dimension Data said it has added 657 employees from Nexus to its operations.

 
Continue →

Allergan Adopts Poison Pill

Wednesday, April 23, 2014

Irvine-based Allergan said late Tuesday evening that it has adopted a one-year, stockholder rights plan--better known to investors as a "poison pill"--after the receipt of an unsolicited bid by Valeant Pharmaceuticals to acquire the company. Allergan said its board of directors has unanimously adopted a one-year stockholder rights plan, and also declared a dividend distribution of one preferred share purchase right for each outstanding share of its common stock. Allergan said the plan is not intended to prevent an acquisition, only to allow its board "adequate time" to assess any proposal. Allergan--which makes Botox--received the unsolicited, $48.1 billion bid from Valeant late Monday.

 
Continue →

uSamp Reports Record Quarter

Wednesday, April 23, 2014

Los Angeles-based survey and sampling provider uSamp said Tuesday that it had a record quarter, saying it saw revenues grow by 42 percent, year over year. Actual financials were not released by the company. uSamp said the growth came due to growth in Europe. uSamp's services are used in market research efforts by companies. uSamp is venture backed by OpenView Venture Partners, Greycroft Partners, DFJ Frontier, and others.

 
Continue →

Cubic Bolsters Board

Wednesday, April 23, 2014

San Diego-based Cubic Corporation, which operates information technology, system integration, and technical support services for the military and government sector, said Tuesday that it has named Steven John Norris to its board of directors. Norris is a UK businessman and served as a government minister in that country, serving under Prime Minister Sir John Major. He became a Member of Parliment in 1983 and was in the government until 1997. He also serves as Chairman of Soho Estates, BNP Paribas Real Estate UK and Virtus Data Centres Ltd., among other positions.

 
Continue →

Advertisement

SoCal IP Law Group LLP - Serving the IP Needs of Business

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine.

info@socalip.com 805-230-1350 www.socalip.com


Advertisement

Stradling

Stradling, Attorneys At Law (http://www.sycr.com" rel="nofollow">http://www.sycr.com)


Advertisement

Binary Pulse Technology Marketing. We Create Demand.

Binary Pulse Technology Marketing
We Create Demand for California's Technology Companies

For more than ten years, dozens of Southern California's industry-leading
tech firms have turned to Binary Pulse for their demand-generating
strategies and programs.

Our services include:

-- Demand Generation Planning and Execution
-- Channel Program Development
-- Lead Capture and Management
-- Web Site Development & Search Engine Marketing
-- Corporate and Product Branding
-- Online Integration Strategies
-- Reseller Recruitment
-- Multimedia Presentations
-- Social Media Marketing

Please visit us at http://www.binarypulse.com
to learn more or give us a call at 949-336-7400.


Advertisement

Safire Partners Executive Search

Safire Partners has completed 300+ retained executive searches since 2006
working with emerging businesses in Southern California. Please visit
our website to see an updated list of our clients and searches completed
at http://www.safirepartners.com/. We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at tg@safire.la.


Advertisement

TechCXO - New Los Angeles Office To Serve Technology Companies

TechCXO - New Los Angeles Office To Serve Technology Companies

TechCXO, a leading provider of C-Suite-level strategic and functional
consulting services for technology companies, has announced it is opening
a new office to serve Greater Los Angeles, including greater Santa
Barbara and Ventura Counties.

To learn more about TechCXO in Los Angeles, go to:
http://www.techcxo.com/partner/paul-meyer/


Tuesday, April 22, 2014

Aspiring LA Web Developer's Dream To Go To Coding Camp, Pay It Forward

Tuesday, April 22, 2014

What do you do if you'd like to become a web developer, but can't afford to pay for the courses to learn those skills? One aspiring Los Angeles web developer has come up with a unique idea, an Indiegogo campaign to help raise money for a coding camp--in exchange for donating 10 percent of his income for the next two years to scholarships. Lex Alexander says he wants to launch the Code It Forward Scholarship by raising $9,000 to help him pay for coding boot camp at General Assembly, and wants to send women and other minorities to similar, coding bootcamps. Alexander says he was inspired to enroll in those coding boot camps after winning fourth place for his app, MapMySnaps, in the recent Hack for LA hackathon.

 
Continue →

Tubular Labs Finds $11M For Online Video Marketing Tools

Tuesday, April 22, 2014

Tubular Labs, which develops online video marketing tools for AwesomenessTV, Maker Studios, and other local MCNs, said today that it has raised $11M in a Series B funding round. The company--which is based in Silicon Valley, but has some staff in Los Angeles--said the funding was led by Canaan Partners, and also included FirstMark Capital and Lerer Ventures. Canaan Partners's Warren Lee joins the company's board along with the funding. Tubular Labs develops video analytics and marketing tools, and also has raised prior funding from Machinima co-founder Allen DeBevoise.

 
Continue →

Hinge Launches Online Dating App In LA

Tuesday, April 22, 2014

Los Angeles looks to be a hot market for online dating apps, as yet another, mobile dating app--Hinge, said it has launched in the city. Hinge--which comes out of New York City--said it is launching in LA today, to help single, young professionals meet others in the city. Hinge is focused on connecting people via their extended, social network, saying it uses Facebook validated profiles and a user's social links to help them meet people they will actually like. Hinge said it targeted Los Angeles for the launch, because it found that LA is "officially the hardest place to meet new people." Unlike native LA dating app Tinder, Hinge uses things like friend sin common,interests, religion, and other factors to help match up potential dates.

 
Continue →

OpenX, YP Team On Display Advertising

Tuesday, April 22, 2014

Los Angeles-based online advertising technology provider OpenX and YP said this morning that the two are in a new, display advertising deal, where YP will offer up programmatic, digital display advertising based on OpenX's technology. Financial details of the multi-year agreement were not announced. The two said the deal calls for YP to integrate its national sales team with a real time-bidding (RTB) an ad network system. The companies said the move would allow YP to unify both YP.com and a display ad network of hundreds of sites under a single inventory, making it easier for its advertisers.

 
Continue →

The Chernin Group, AT&T Invest $500M In Online Video

Tuesday, April 22, 2014

Los Angeles-based investor The Chernin Group and AT&T said this morning that the two have created a new, joint venture, which will acquire, invest, and launch over-the-top (OTT) video services. According to the two, they have committed a total of $500M for the new venture, which is specifically aimed in online video businesses. Other financial details of the deal were not announced. According to the two, the new venture comes due to the move by consumers to view video on their phones, tablets, computers, game consoles, and connected TVs. The two did not announce the name of the new venture. The Chernin Group also said it will contribute its majority stake in subscription, video on demand service Crunchroll to the new venture.

 
Continue →

Allergan Gets Hostile Bid From Valeant

Tuesday, April 22, 2014

Irvine-based healthcare firm Allergan has received a hostile bid from Valeant Pharmaceuticals, in a deal worth around $152.89 per share. Valeant offered to pay $48.30 in cash plus 0.83 percent in Valeant stock for each share of Allergan's stock, in a proposal released via an SEC filing. According to Allergan, it has had no discussions with either Valeant or backer Pershing Square on the proposal, and only became aware of its via those public filings; Allergan said it will consider the offer and proposal, once it is received by the company.

 
Continue →

Recargo: EV Journey Crosses Finish Line

Tuesday, April 22, 2014

Venice-based electric vehicle app developer Recargo said Tuesday that Norman Hajjar, its Managing Director of its PlugInsights research division, has completed a record-setting, electric vehicle "road trip" around the country, driving more than 12,000 miles in under 3.5 weeks. The software company said it has submitted information on the trip to the Guiness World Records organization, and is seeking to have its trip verified for the longest vehicle journey ever taken using 100% electric power. Recargo--which makes an app to help EV drivers find the nearest charging station--took a stock, Tesla Model S cross country across 27 states. Hajjar said he had to stop 91 times to charge the Tesla, using Tesla's network of nationwide charging stations 86 times.

 
Continue →

Jacobs Buys Federal Network Systems

Tuesday, April 22, 2014

Pasadena-based Jacobs Engineering Group said this morning that it has entered into a deal to acquire Federal Network Systems (FNS), a provider of system integration and communications, information technology, and data security, which is a subsidiary of Verizon Communications. Financial terms of the agreement were not disclosed. FNS is based in Ashburn, Virginia. Jacobs said the deal will help it enhance its presence in the intelligence community market. FNS helps integrate, secure, and operate voice, data, and video networks for the intelligence community, the Department of Defense, and other agencies.

 
Continue →

Airwolf 3D Adds Nylon 3D Printing Support

Tuesday, April 22, 2014

Costa Mesa-based Airwolf 3D, a developer of 3D printers, said today that it has begun shipping a product that allows its 3D printers to print using materials like polycarbonate, Bridge nylon, and Nylon 645. According to the company, the support make it possible to print engineering-grade parts, allowing its "prosumer" grade 3D printers to print parts which previously would require expensive, high end industrial 3D printers. The company said the support requires a $195 add-on to its 3D printers, and also allows users to continue printing the more common, lower temperature PLA and ABS parts. Airwolf 3D is led by Erick Wolf.

 
Continue →

Advertisement

ECJ Assists International Client with Facebook Agreement

Ervin Cohen & Jessup LLP (“ECJ”) acted as California counsel for Ascenta
(UK) Limited in the March 2014 acquisition by Facebook’s Connectivity Lab
of Ascenta's team and know-how responsible for the development of
solar-powered drones. According to news reports, Facebook hopes to use
high-altitude long-endurance air crafts to bring Internet service to the 5
billion people who currently lack it.

ECJ's partners Randy Leff and Ken Luer worked with Ascenta's London-based
counsel, the law firm of Addleshaw Goddard LLP, and Alan Rajah of Lawrence
Grant Chartered Accountants, with respect to U.S. intellectual property law
and California legal issues related to the transaction.

http://www.ecjlaw.com


Advertisement

Stubbs Alderton & Markiles, LLP Expands Santa Monica Office

Stubbs Alderton & Markiles, LLP, Southern California’s leading business law
firm, has announced the expansion of its Santa Monica office at 1453 3rd
Street Promenade, Santa Monica, CA. This office is located on the corner
of Third Street Promenade and Broadway Boulevard. The growth of the Firm
and its Preccelerator Program has provided the opportunity for this
expansion. The new office opening makes an inspiring statement about the
support and involvement that Stubbs Alderton will continue to contribute
to the Silicon Beach marketplace. - See more at:
http://stubbsalderton.com/2014/02/stubbs-alderton-markiles-llp-announces-expansion-of-santa-monica-office/#sthash.rnx9hD8o.dpuf


Advertisement

Fetch Recruiting, Inc.

Fetch Recruiting, Inc. (http://www.fetchrecruiting.com" rel="nofollow">http://www.fetchrecruiting.com)
Technical Recruiting for LA based Startups and High-Growth Companies


Advertisement

Find Help To Power Your Firm To The Next Level

Need some business help powering your company to the next stage? Can't
figure out who understands startups and high tech in Southern California?
Need help with a business plan, ramping sales, and more? We've compiled a
list of people who can help--who already have high tech clients here:

http://www.socaltech.com/services/Consulting/Business/


Monday, April 21, 2014

Report: LA Should Emulate San Francisco, NYC For Startup, Tech Efforts

Monday, April 21, 2014

A new report, released over the weekend, says that Los Angeles should look towards New York and San Francisco and what they have done to help strengthen the community here for technology startups. The L.A. Tech Agenda report, edited by David C. Murphy, says that although LA's tech community "is on fire", the community could learn from those other markets, by addressing funding shortages, retaining engineering talent from loca luniversities, building closer ties with the community, and by addressing housing and transportation challenges. Specifically, among recommendations in the report: asking Mayor Eric Garcetti to become "advocate-in-chief" for the Los Angeles tech community by presenting at conferences in San Francisco and New York; encouraging LA tech leaders to host "road shows" to investors in the Bay Area; by recruiting more big tech companies to open up engineering offices in LA; in addition to addressing issues with traffic and gridlock. The authors of the report are launching a set of events focused on talking about those issues, with the first event being held this evening in Santa Monica.

 
Continue →

Taxi Magic Looks To LA Market With Free Rides

Monday, April 21, 2014

Look out, Uber--another, smartphone-driven ride service, Taxi Magic, is looking to get into the Los Angeles market, saying that it will offer up free rides to people in Los Angeles who need a ride, starting on Tuesday (April 22nd) and running until Friday, April 25th. According to Ride Charge, the Virginia company behind the Taxi Magic app, everyone in Los Angeles who books a ride with the app for the rest of the week will ride free, as long as they include a special code (TAXIBACK) in their booking--and the rides cost less than $15.00. Taxi Magic joins a long list of smartphone-driven ride services and taxi apps -- including not only Uber, but also Lyft, Sidecar, and Flywheel--trying to gain mindshare in the Los Angeles market. All of those services--with the exception of Flywheel--are fighting the local, incumbent taxi and transportation services already serving the LA market.

 
Continue →

Beats Music Struggles With Low Subscriber Counts, Says Report

Monday, April 21, 2014

Los Angeles-based Beats Music--the heavily backed, streaming music provider spun out of Beats Electronics--is struggling with its launch, and only has subscriber counts in the "low six figures", according to a report today from Billboard. The report says Beats Music also will face new competition from Spotify, which is rolling out a music partnership with Sprint which challenges Beats' own deal with AT&T.

 
Continue →

Oversee.net Sells DomainSponsor

Monday, April 21, 2014

Los Angeles-based Oversee.net said today that it has sold its DomainSponsor domain monetization business. Financial terms of the sale were not announced. Oversee.net said it sold DomainSponsor to Rook Media, a European domain monetization company based in Zurich. Oversee.net said the move would allow it to focus on "more aggressively" developing its portfolio of web properties and mobile applications--and in particular, the many branded websites the company now owns in the areas of travel, consumer finance and comparison shopping.

 
Continue →

LaunchpadLA Grad Preact Raises $4.6M

Monday, April 21, 2014

Preact, a developer of software to help software companies reduce churn in their subscription customers which came out of Los Angeles-based startup incubator/accelerator Launchpad LA, has raised $4.6M in a funding round. The company said the funding came from Trinity Ventures. Preact--which was formerly known as FolioHD--was founded by Christopher Gooley and Cory Watilo. The company is now based in San Francisco. Gooley was at Earbits, and Watilo is an Orange County native who has consulted for Kelley Blue Book, Zillow, and others. The company's investors include Launchpad LA's Sam Teller. Preact came out of Gooley and Watilo's experience at FolioHD, a photo sharing service for professional photographers, and their own customer churn issues with that subscription service.

 
Continue →

More information » (Subscribers only)

Nervana Raises $600K For Artificial Intelligence Hardware

Monday, April 21, 2014

San Diego-based Nervana Systems, a startup developing hardware specifically aimed at artificial intelligence software, has raised $600,000 in a funding round. The funding came from Ali and Hadi Partovi, Sam Altman, Geoff Ralston, Scott Banister, Owen Van Natta, Eric Baker, Farzad Khosrowshahi, Dara Khosrowshahi, Allen & Co., Aditya Agrawal, Ruchi Sanghvi, and SV Angels. The company--led by Naveen Rao--says it is developing computer hardware specifically for "deep learning". That hardware includes features specifically for implementing machine learning and big data analysis software.

 
Continue →

More information » (Subscribers only)

Enplug Gets $2.5M

Monday, April 21, 2014

Los Angeles-based Enplug, a company that develops digital displays which display real time, social media from Twittter, Facebook, Yelp, and elsewhere at retail locations, has raised $2.5M in a seed funding round. Enplug said the investment came from Larry Keele (Oaktree Capital), Rasoul Oskouv (Juniper Networks), Bill Gross (Idealab), Hossein Eslambolchi (ATT), David Cohen (Interscope), Justin Caldbeck (Lightspeed Vnture Partners), Troy Carter, Howard Marks, DominateFund, zPark Venture, and Amidi Group. The company was co-founded by Nanxi Liu, Alex Ross, Zach Spitulski, David Zhu, and Navdeep Reddy, and says it now has 30 employees.

 
Continue →

More information » (Subscribers only)

Southern California Firms Raise $762.88M in Q1

Monday, April 21, 2014

The latest numbers are out on venture capital investments in Southern California from PricewaterhouseCoopers and the National Venture Capital Association, finding that the region had nearly $762.88M invested in companies in the region during Q1 of 2014. According to the MoneyTree Report, based on data from Thomson Reuters, Los Angeles led the region with $309.9M in funding, followed by San Diego with $242.98M in investments, and $209.97M in investments in Orange County.

The biggest deals of the quarter came from San Luis Obispo-based MINDBODY, which raised $50.0M in the quarter, followed by San Diego's Lumena Pharmaceuticals with $45.5M; the third largest funding was for Aliso Viejo-based Aquesys raised $43.6M in funding. Carlsbad-based Luxtera raised $37.38M in its funding round.

The most active Southern California-based venture capital investors for Q1 were Correlation Ventures (10 investments); Upfront Ventures (9 deals); and Avalon Ventures (5 deals); Frost Data Capital invested in 4 companies during the quarter. The venture investors actually investing the most in Southern California itself were Upfront Ventures (5 investments); Frost Data Capital and Kleiner Perkins Caufield & Byers (4 investments each); then DFJ Frontier, Shasta Ventures, Versant Ventures, New Enterprise Associates, Siemer Ventures, and First Round Capital, all of which investd in 3 deals during the quarter.

The investment of $762....

 
Continue →

Verdezyne Hits Production Milestone

Monday, April 21, 2014

Carlsbad-based biotechnology developer Verdezyne said this morning that it has hit a key production milestone. The company--which is developing processes for developing renewable chemicals--said it has produced more than one metric ton of bio-based dodecanedioic acid (DDDA) using its proprietary yeast platform and downstream process. DDDA is a precursor to such products as nylon, molding resins, lubricants, adhesives, and powder coatings as well as such products as toothbrushes, fishing line, and other similar products. The company said the milestone proves the scalability of its process. Verdezyne is venture backed by BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures.

 
Continue →

SONOS Swizzles Wireless Technology

Monday, April 21, 2014

Santa Barbara-based whole home music system developer Sonos said late last week that it has made a big change to the way its products work, removing the need to connect one of its components to a user's wireless router. The requirement to connect a Sonos BRIDGE or other product to your Wi-Fi router has been a requirement since the introduction of the company's products, even though Sonos has its own, proprietary wireless mesh technology called SonosNet. Sonos said the removal of the wireless router requirement comes due to the improvement in wireless technology over the last ten years. Previously, Sonos had used that WiFi network to ensure full coverage of homes; the company said that now, most homes should not require Sonos BRIDGE or other product on a WiFi network, except some very large homes.

 
Continue →

Bullet Proof iPhone 5, Samsung Galaxy S 5? Ask Pelican

Monday, April 21, 2014

Cell phone cases seem to be a dime a dozen nowadays, however, a new set of cases Friday by Torrance-based Pelican Products are worth mentioning. Pelican--known for their lineup of very tough, protective cases used by police, fire, military, and outdoor enthusiasts--said it has launched a set of rugged phone cases for the Apple iPhone 5/5S and Samsung Galaxy S 5. The new cases will be sold through AT&T's retail stores and through AT&T's online site. The cases retail between $40.00 and $50.00 depending on model. Pelican said the new cases help protect the glass faces of those phones, and also help protect those devices from scratches and impact. Pelican Products is owned by private equity investor Behrman Capital.

 
Continue →

BP Logix Wins Fresno County

Monday, April 21, 2014

San Diego-based business process management software developer BP Logix reported a win this morning with the County of Fresno, replace a legacy system in that country for automating business reporting for the county. Financial impact of the win was not disclosed. BP Logix said it won the contract as part of an RFP, where a total of nine vendors responded, and was chosen afer a competitive, four month process at the county.

 
Continue →

Advertisement

Key Information Systems Announces Key Cloud

Key Information Systems, a leading IT systems integrator and Premier
IBM Business Partner based in Agoura Hills, CA, announced the
availability of Key Cloud for users of cloud computing services.

Key's new cloud services are offered in conjunction with colocation,
managed services and Internet connectivity offerings.

To learn more about the Key Cloud, visit the Key Info website or
contact Pete Elliot at Key Information Systems, Inc., 30077 Agoura
Court, First Floor, Agoura Hills, CA 91301, USA, email
pelliot@keyinfo.com or call 1.818.737.2804.

http://www.keyinfo.com


Advertisement

Binary Pulse Technology Marketing. We Create Demand.

Binary Pulse Technology Marketing
We Create Demand for California's Technology Companies

For more than ten years, dozens of Southern California's industry-leading
tech firms have turned to Binary Pulse for their demand-generating
strategies and programs.

Our services include:

-- Demand Generation Planning and Execution
-- Channel Program Development
-- Lead Capture and Management
-- Web Site Development & Search Engine Marketing
-- Corporate and Product Branding
-- Online Integration Strategies
-- Reseller Recruitment
-- Multimedia Presentations
-- Social Media Marketing

Please visit us at http://www.binarypulse.com
to learn more or give us a call at 949-336-7400.


Advertisement

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:
Lavisual.com

Linkedin Profile:
www.linkedin.com/in/braven


Friday, April 18, 2014

Bringing The Power Of Mobile To The Construction Industry, With TRUCKAST

Friday, April 18, 2014

When you think about hot sectors for startups, the construction industry is not typically the first place you'd expect. So, we were surprised to learn about the backing that Los Angeles-based mobile app provider TRUCKAST (www.truckast.com) has from investor Gary Winnick (who founded Global Crossing). We caught up with CEO Todd Davis to learn why the company and its investors think mobile apps for construction are the next big thing.

What is Truckast?

Todd Davis: Truckast is a new mobile app for the construction industry. Think of us like Uber. We solve the contractor-to-supplier problem, so they know where their stuff is, and they're not paying expensive, skilled labor to stand around waiting for concrete, block, gravel, or other bulk building materials to show up. On the other side of that is manufacturers and suppliers, where we help them figure out what happening with their trucks, so that they are not tying up their trucks and drivers and killing their margins. We solve those issues by taking that enterprise construction data, moving it into the cloud, and delivering it via a mobile app. It's in super contextual format, stunningly displayed, to end users, contractors, as well as manufacturers and suppliers....

 
Continue →

T+ink Adds New Board Members

Friday, April 18, 2014

Los Angeles-based T-ink, the developer of conductive ink products led by Gary Winnick, said Thursday that it has added two new board members. The company said it has added John C. Cushman II, the co-chairman of Cushman & Wakefield, to its board, along with Richard Ressler, co-founder of CIM Group L.P. and Orachard First Source Asset Management. Cushman also serves on the National Executive Board of the Boy Scouts of America and is a trustee at the Urban Land Institute; Resller also is founder of Orchard Capital Corp. and sits on the board of j2 Global.

 
Continue →

Ixia Plans Restatement Of Two Quarters

Friday, April 18, 2014

Calabasas-based Ixia said late Thursday that its audit committee has determined that its 10-Q quarterly reports for the first and second quarters of 2013 should no longer be relied upon, and that it will restate those two quarters. Ixia--which has been in the midst of combing through its financials due to the sudden departure of its CEO back in October due to the discover that he had fabricated his resume. The company also replaced its CFO last onth. According to Ixia, it will be restating its 10-Q's for the quarters ended March 31, 2013 and June 30, 2013. The company said the corrections are expected to reduce total revenues by approximately $2.0M and $4.5M for those two quarters. The restatements are apparently due to improper accounting for extended maintenance and warranty coverage and professional services.

 
Continue →

Advertisement

SoCal IP Law Group LLP - Serving the IP Needs of Business

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine.

info@socalip.com 805-230-1350 www.socalip.com


Advertisement

Fetch Recruiting, Inc.

Fetch Recruiting, Inc. (http://www.fetchrecruiting.com" rel="nofollow">http://www.fetchrecruiting.com)
Technical Recruiting for LA based Startups and High-Growth Companies


Advertisement

Key Info

Key info (http://www.keyinfo.com" rel="nofollow">http://www.keyinfo.com)
infrastructure ~ connectivity ~ co-location ~ cloud


Thursday, April 17, 2014

ZEFR Names New VPs

Thursday, April 17, 2014

Venice-based ZEFR said Thursday that it has named a new set of VPs. According to the company, it has named Rick Song as its new Global Head of Media Solutions Sales, and named Michael Saperstein as Head of Media Sales (East, Central, Canada). Song was previously Executive Vice President at Clear Channel Media + Entertainment, and Saperstein is a former Vice President from Machinima. ZEFR is venture backed by Institutional Venture Partners (IVP), U.S. Venture Partners, Shasta Ventures, First Round Capital and Richmond Park Partners; the company recently raised $30M in a funding round.

 
Continue →

Surf Air Plans Expansion To Lake Tahoe

Thursday, April 17, 2014

Santa Monica-based all-you-can-fly, startup airline Surf Air told its members Thursday afternoon that it will be expanding its coverage, adding service to Truckee / Lake Tahoe on May 2nd. The new expansion follows the company's last route extension, which was to Las Vegas back in February. Surf Air offers up all-you-can fly service between Southern California and Silicon Valley, as well as a number of other locations.

 
Continue →

Qualcomm Backs Wireless Software Firm M87

Thursday, April 17, 2014

San Diego-based Qualcomm has invested in wireless network software developer M87, M87 announced this week, as part of a $3M, Series A funding round. M87 is a developer of wireless network infrastructure software aimed specifically at improving the coverage and capacity of current wireless networks. The company said the round also included Chinese hosting provide 21Vianet and angels. Qualcomm's investment came via Qualcomm Ventures. M87 is based in Austin.

 
Continue →

More information » (Subscribers only)

CitizenGlobal Powers Crowdsourced Video Platform For Law Enforcement

Thursday, April 17, 2014

Los Angeles-based crowdsourced video startup CitizenGlobal has launched a new platform for law enforcement, allowing users to submit photos and videos to different police departments. According to the firm, it has been working with LA's Sheriff's Department to allow citizens to submit photos and videos of crimes. The new site, LEEDIR, is aimed at collecting eyewitness photos to help solve crimes and for disaster response, and was first imagined by the Los Angeles Sheriff's Department. The site, however, is aimed at all law enforcement agencies in the US.


Currently, the site features an appeal to eyewitnesses of the recent rioting at Santa Barbara's Deltopia, letting people submit their photos and videos from their phone, Instagram, Facebook, or other social feeds to the Santa Barbara County Sheriff's Department. The site says it is aimed at such large scale incidents as the Boston Marathon bombings, or other events where there may have been a huge amount of eyewitness videos and photos that need to be processed.

 
Continue →

Novatel Wireless Gets Certifications In North America, EMEA

Thursday, April 17, 2014

San Diego-based wireless hotspot and M2M module developer Novatel Wireless reported yesterday that it has certified its new SA 2100 MiFi M2M device on both Verizon Wireless as well as the Conformite European (CE), Global Certification Forum (GCF) and PTCRB standards in Europe, the Middle East, and Africa. The company said the certification expands its offering both in the US and abroad. Novatel's SA 2100 is aimed at the machine-to-machine (M2M) market, for the telematics and telemetry markets.

 
Continue →

Sponsored By

 

Recent Interviews

Browse Issues