• Wednesday, July 27, 2016

    The Stage Fund Sets Partner In Los Angeles

    The The Stage Fund, a investment and acquisition firm focused on acquiring turnaround companies, has tapped a longtime Southern California entrepreneur, Dan Tamkin, as a new Managing Partner in Los Angeles. According to the fund, Tamkin will be setting up a West Coast office for the fund, which is based in Denver, Colorado....More →

     
  • Wednesday, July 27, 2016

    Car Harmony Takes On Car Financing With Self Service Tool

    Los Angeles-based online car shopping startup Car Harmony is taking on the area of auto finance today, saying it has launched a new, self service tool aimed at letting car shoppers create their own custom financing options for cars....More →

     
  • Wednesday, July 27, 2016

    Esri Powers Pokemon Hunting Map From Santa Monica's Pokevision

    Redlands, California-based mapping software developer Esri said today that it is powering a new, mobile app which helps Pokemon Go players find Pokemon hot spots. According to Esri, Pokevision, a third party app developer, used its ArcGIS services to show real time locations of Pokemon hot spots, in real time. Pokevision apparently has been seeing a huge spike in demand for its service, with nearly 20 million unique users in its first five days. Pokevision is based in Santa Monica....More →

     
  • Wednesday, July 27, 2016

    Sequenom Acquired By LabCorp For $371M

    San Diego-based prenatal testing provider Sequenom is being acquired by Laboratory Corporation of America (LabCorp), in a deal worth $371M, the companies said this morning. According to LabCorp, it has agreeed to pay $2.40 per share in cash for all of the outstanding shares of publicly held Sequenom, which trades as SQNM. Sequenom provides non-invasive prenatal testing (NIPT) for reproductive health....More →

     
  • Wednesday, July 27, 2016

    Vizio's William Wang Becomes SoCal's Latest Technology Billionaire

    The $2 billion acquisition of Irvine-based Vizio on Monday has most likely resulted in the creation of another, technology billionaire in Southern California--Vizio founder William Wang. According to regulatory documents filed by Vizio last year in preparation for an IPO, Wang owned 54.4 percent of Vizio--or, $1.088 billion. There are also a number of other executives with major stakes in Vizio who are probably now multi-millionaires, thanks to the acquisition by Chinese television maker LeEco....More →

     
  • Wednesday, July 27, 2016

    Influential Raises $5M For Influencer Marketing

    Beverly Hills-based Influential, a developer of influencer marketing software, has raised $5M in a Series A funding, according to the company. The funding was led by Capital Zed, and also included ROAR, Paradigm Talent Agency, Europlay Capital Advisors, MSMCi, and Ace Fund, along with angels Alex Welch, Michael Tedesco, Chris Varelas and Ivan Brockman....More →

     
  • Wednesday, July 27, 2016

    Western Digital Leads $77M Funding In Personal Storage Service Upthere

    Irvine-based disk drive and storage products maker Western Digital is one of the lead investors in a new startup developing personal storage services and applications. Upthere, which says it has created a new "operating system" to help users keep, find, and share their files, photos, videos, music, and more, said it raised $77M in funding, led by KPCB and Western Digital, and also included Elevation Partners, Floodgate, GV, NTT Docomo Ventures, and Square 1 Bank....More →

     
  • Wednesday, July 27, 2016

    Qualcomm Agrees To Settle Gender Discrimination Suit For $19.5M

    San Diego-based Qualcomm Incorporated has agreed to pay $19.5M to settle a gender discrimination suit, filed on behalf of its employees, according to class action law firm Sanford Heisler LLP. According to that firm, Qualcomm agreed to the settlement, which requires the technology firm to institute "comprehensive programmatic relief" to ensure that female employees working in STEM and related positions will enjoy equal job opportunities at the company....More →

     
  • Wednesday, July 27, 2016

    eHarmony Founder Neil Clark Warren Steps Down From CEO Post

    Los Angeles-based eHarmony said on Tuesday that its founder and CEO, Dr. Neil Clark Warren, has stepped down from his role as CEO. According to eHarmony, it has named Grant Langston as its new CEO. Warren remains as Chairman of the board. eHarmony did not say why Warren decided to step down, however, Langston was part of eHarmony's original founding team. eHarmony was founded 16 years ago....More →

     
  • Tuesday, July 26, 2016

    Vizio Acquired By Chinese TV Maker LeEco For $2 Billion

    Irvine-based Vizio, which makes HDTV and other electronics products, is in a deal to be acquired by Chinese television maker LeEco, the two said late Monday, in a deal worth $2 billion. According to the two companies, LeEco will pay $2 billion in cash for Vizio, which is privately held. Vizio is the last TV manufacturer to be based in the United States....More →

     
  • Tuesday, July 26, 2016

    Green Commuter Hopes To Use A Tesla Model X Fleet To Get You To Work In Style

    Tired of commuting to work in that generic looking white van pool? A new, Los Angeles startup, Green Commuter, says it plans to roll out a fleet of all-electric, seven-seat Tesla Model X as part of a new vanpool and car sharing service. According to the startup--based in the Los Angeles Cleantech Incubator (LACI)--it plans to launch on August 1st with an Indiegogo campaign, to find commuters interested in its yet-to-be-launched service....More →

     
  • Tuesday, July 26, 2016

    Wpromote Buys Standing Dog For Digital Marketing Efforts

    El Segundo-based digital marketing company Wpromote said on Tuesday that it has acquired online marketing agency Standing Dog, which provides search engine marketing, SEO, social media and paid media services. Financial terms of the acquisition were not disclosed. Wpromote says it has hired on senior management and more than 70 employees from Standing Dog, which will help boost the company's annual run rate to $35M this year. Standing Dog was founded in 2005, and was based in Texas....More →

     
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