Monday, November 1, 2004Bakbone Appoints CEOSan Diego-based BakBone Software announced that it has appointed James R. Johnson as President and CEO. Johnson will also join the company's board. Johnson was most recently president and CTO of SoftBrands Hospitality Group, a software company in the hospitality industry. Johnson also has served at Sterling Commerce. The company also said that Keith Rickard, the company's prior CEO, president, and board of directors, has resigned immediately. Bakbone develops data backup and recovery software.
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ValueClick Appoints VPsWestlake Village-based ValueClick (www.valueclick.com) announced that it has appointed three new vice presidents. The company has promoted Jeff Pullen to Exec VP Operations; promoted Scott Ray to Exec VP Finance; and added Tom Vadnais as GM of the company's Mediaplex subsidiary.
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Vitesse Ships Integrated GigE SwitchCamarillo-based Vitesse Semiconductor (www.vitesse.com) announced that it has shipped a new, fully integrated system-on-a-chip for Gigabit Ethernet Layer 2 switches. The company's new SparX Series Switches are used by manufacturers to develop Gigabit Ethernet switches. The company is targeting small office/home office, small and medium business, and consumer wireless and DSL equipment manufacturers.
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Qualcomm Launches 3G Content NetworkSan Diego-based Qualcomm announced that it plans to create a new subsidiary to deploy and operate a nationwide network of high quality video and audio programming to third generation mobile phones. The new subsidiary, MediaFLO USA, will provide interactive multimedia services to consumers in conjunction with cellular operators. The company said that the network would be a shared resource for U.S. CDMA2000 and WCDMA-based cellular operators, to help provide high quality content from the entertain (More info...)
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Accruent Acquires CompetitorSanta Monica-based Accruent announced this morning that it has acquired the company's closest competitor. Te quila Software develops software for managing real estate assets, similar to Accruent's contact management software. Both serve companies in managing expenses and ensuring Sarbanes-Oxley compliance. Terms of the acquisition were not disclosed. Accruent said that it will continue development of the RetailLease software it acquired.
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Fastclick Raises $75MSanta Barbara-based Fastclick announced this morning that it has raised a gigantic $75M Series A from Highland Capital Partners, Oak Investment Partners, and Steamboat Ventures. Fastclick provides online, keyword-based advertising and services for online advertisers. The round of funding is the area's largest funding round to date this year, and dwarfs the half a dozen giant biotech deals from earlier this year. The funding is also unusual as the company was bootstrapped without venture capital, (More info...)
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