Tuesday, November 30, 2004STI Raises $10.9MSanta Barbara-based Superconductor Technologies announced this week that it has raised $10.9M in a registered direct offering for its stock. The placement agent for the transaction was Needham and Company. A registered direct offering is similar to a PIPE (private investment in public equity), which has been popular with institutional investors and venture capitalists looking to take positions in companies that went public too early.
posted on Tuesday, November 30, 2004(Full story)
Kintera Gets Private PlacementSan Diego-based Kintera announced this morning that it has entered into an agreement to raise $17.5M in a private placement related to its acquisition of Intuit's financial management unit for nonprofits. The company said that the private placement would be used to replenish funds used to acquire Intuit's American Fundware unit. Kintera had announced earlier this month that it would pay $11M in cash for the company. Kintera provides an online service for nonprofit organizations to manage their f (More info...)
posted on Tuesday, November 30, 2004(Full story)
Metapa Appoints VPSherman Oaks-based Metapa announced that it has appointed a new VP of Engineering. Siuling Ku has been appointed as VP of Engineering to lead the company's clustered database development efforts. Su joins from Moonlight Systems, where she was a Sr. Director of engineering, and also has served at Informix, Cloudscape, Sybase, and Oracle.
posted on Tuesday, November 30, 2004(Full story)
SMC Ships New Ethernet SwitchIrvine-based SMC Networks said today that it has shipped a new enterprise switch. The SMC TigerStack III is a new, 24-port 10/100 stackable managed switch. The switch features the ability to be stacked up to eight units high and managed under a single IP address, and includes two uplink ports that can use either Gigabit or 100Mbps fiber. The company also said that the switch features advanced security and traffic control features such as Access Control List (ACL), RADIUS and SSH support, and Pri (More info...)
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nStor Licenses InoStor RAIDPoway-based InoStor announced that disk array maker nStor has licensed the company's RAIDn data protection technology for incorporation into nStor's NexStor 4700S series of storage systems. InoStor's RAIDn technology is a software library for implementing data protection across an array of disk drives, used for protecting against random, multiple drive failures. nStor's disk arrays are targeted at small to medium sized businesses. nStor is hoping the added features will help further differentiat (More info...)
posted on Tuesday, November 30, 2004(Full story)
eHarmony, Friendster Launch Online Matching SystemPasadena-based eHarmony and social networking site Friendster announced this morning that the two companies have launched an online personals matching system for Friendster. The two companies are launching a co-branded matching service that uses eHarmony's computerized matching service with Friendster's social networking service. Social networking sites like Friendster have been searching for a way to monetize their services, as the initial rush of enthusiasm for social networking has waned. eHa (More info...)
posted on Tuesday, November 30, 2004(Full story)