Friday, April 23, 2004Interlink Certifies With Notary GroupThe National Notary Association has certified a new electronic notary solution from Camarillo-based Interlink Electronics and Safedocs, a web-based e-mortgage software developer. The combined solution uses the Safedocs software with the National Notary Association's electronic notary journal platform, which is manufactured by Interlink Electronics. The solution cpatures signatures and fingerprints, streamlining document handling for mortgage processing.
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Zhone Buys Sorrento NetworksZhone Technologies has acquired San Diego-based Sorrento Networks in a all stock transaction. The move will add Sorrento's dense wave-division multiplexing (DWDM) and coarse WDM (CWDM) to its product line. The deal is worth approximately $37M based on Zhone's Thursday closing price and number of outstanding shares. The company had a loss of $17.6M ON revenues of $25.4M in fiscal 2004.
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Intel Invests in Staccato CommunicationsIntel Corp. announced yesterday at the Intel Developer Forum that it has invested in San Diego-based Staccato Communications, along with several other companies. The investment came from the $200M Intel Digital Home Fund. Staccato is developing ultrawideband technology for communications and recently closed a round of funding that included Allegis Capital, Bay Partners, Charles River Ventures, and Interwest Partners.
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