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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

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

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