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  • Wednesday, May 6, 2015

    DealerSocket Buys AutoStar Solutions

    San Clemente-based auto dealership software developer DealerSocket has acquired fellow automotive dealer management software company AutoStar Solutions, according to the company. Financial terms of the buy were not disclosed. AutoStar Solutions says it develops dealer management software for the "Buy Here Pay Here (BHPH)" market. The software is used for finance, wholesale, and leasing management....Continue →

  • Wednesday, May 6, 2015

    Oculus Rift To Ship In Q1 2016

    Irvine-based Oculus VR said this morning that it has set the shipping date for the Oculus Rift virtual reality systems, in Q1 of 2016. According to Oculus, it will begin taking pre-orders later this year. Oculus--first raised funding for the Rift on Kickstarter back in August of 2012, and since then has only been delivering units to developers, despite a huge $2 billion acquisition of the company by Facebook in 2014.Continue →

  • Wednesday, May 6, 2015

    Qualcomm Backs Cubic Telecom With New Investment

    San Diego-based Qualcomm is leading an investment in an Irish developer of machine-to-machine (M2M) tools, as one of the two major investors in the latest investment round in Cubic Telecom. Cubic Telecom said it raised EUR18 in a round from Audi Electronics Venture GmbH and Qualcomm Incorporated. Cubic said this is the fourth investment by Qualcomm into Cubic, whose other investors include Sierra Wireless, ACT Venture Capital, TPS Investment Limited and Enterprise Ireland....Continue →

  • Wednesday, May 6, 2015

    Microsemi Wins $6.1M Defense Contract

    Aliso Viejo-based Microsemi reported it has won a $6.1M, defense contract from the U.S. Department of Defense (DOD). No other details on the contract were released. According to Microsemi, the deal goes towards manufacturing of highly secure receivers for GPS-guided munitions. Microsemi is a developer of a wide range of semiconductors.Continue →

  • Wednesday, May 6, 2015

    ReachLocal Raises $25M, As Losses Increase

    Woodland Hills-based ReachLocal, the publicly held, online marketing provider for small and local businesses, said Tuesday that it has raised $25M in a term loan. The funding came from Herculus Technology Growth Capital, and comes as the company reported sharper losses and a significant dropoff in revenues. ReachLocal said it lost $12.7M on revenues of $99.56M for the first quarter of 2015, compared with a loss of $6.3M on revenues of $124.7M in Q1 of the prior year....Continue →

  • Wednesday, May 6, 2015

    Fullscreen Buys McBeard

    Los Angeles-based MCN Fullscreen has acquired social media studio McBeard, the two coampanies said earlier this week. McBeard, which is also based in Los Angeles, provides custom content production and distribution to such clients as Coca-Cola, 20th Century Fox, Sony Pictures, Mary Kay, NBC Universal, Warner Bros., Mattel, Netflix, and AT&T. The company was founded byAlec McNayr and Alan Beard. Financial details of the acquisition were not announced....Continue →

  • Tuesday, May 5, 2015

    Incentive Finds $1.7M For Social Collaboration Software

    Los Angeles- and Malmo, Sweden-based Incentive, a developer of enterprise social collaboration software, announced this morning that it has raised $1.7M in a seed funding round. Source of that seed funding was not disclosed. Incentive said those funds specifically go towards its U.S.-based expansion, marketing, sales, and product development efforts. Incentive is led by Rickard Hansson, and says it has now raised $3.5M total in funding.Continue →

  • Tuesday, May 5, 2015

    CurbStand Launches On Android

    Los Angeles-based CurbStand, the developer of mobile, valet parking apps which is led by Serge Gojkovich, said this morning that it has launched its app on Android. CurbStand--which lets users find, pay, and tip for valet parking all via their mobile phone-- said that it will offer its first time Android app users free parking as part of the launch, with the promo code Android....Continue →

  • Tuesday, May 5, 2015

    D-Link Rolls Out Wi-Fi Cameras Via Walmart

    Fountain Valley-based D-Link reports today that it has rolled out three of its Wi-Fi cameras at Walmart. D-Link said its product is now available in over 1,000 Walmart stores. D-Link said its three cameras--which are aimed at the do-it-yourself (DIY) home and small business security market--let users view a live video surveillance feed from their smartphone, tablet, or PC. The device range from $79.99 to $169.99.Continue →

  • Tuesday, May 5, 2015

    Tealium Reports Growth

    San Diego-based software developer Tealium, which develops software used to manage enterprise "tags", those snippets of codes used for tracking advertising, marketing, analytics, and other efforts, said today that it had 100% growth in the first quarter of 2015. The company did not disclose any actual revenue numbers. The company said it saw 100 percent organic sales growth, and a customer renewal rate of 127 percent. The company recently raised $30....Continue →

  • Tuesday, May 5, 2015

    Tocagen Adds Venture Capitalist To Board

    San Diego-based cancer therapeutics developer Tocagen said this morning that it has added David R. Parkinson, M.D., a venture partner at New Enterprise Associates, to its board of directors. Parkinson has also previously been at Amgen and Novargtis, and was chief of the Investigational Drug Branch at the National Cancer Institute. Parkinson also is on the boards of Threshold Pharmaceuticals and Cerulean Pharma Inc....Continue →

  • Tuesday, May 5, 2015

    Vroozi Names Executive

    Los Angeles-based Vroozi, a developer of cloud-based procurement software, said this morning that it has named Michael Jud as the company's Senior Director of Product Evangelist. Jud as previously at SAP, and also served at i2i, and has 15 years of experience in the industry. Vroozi said Jud will help strengthen its mobile procurement platform and help evangelize it businesses. Vroozi is led by Steve Olds.Continue →

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