Thursday, April 7, 2005
SkinMedica Raises $15M
Carlsbad-based SkinMedica announced yesterday that it has closed a Series E preferred stock placement led by EuclidSR Partners. Existing investors Apax Partners, Domain Associates, HealthCare Ventures, Montreux Equity Partners, Perseus-Soros BioPharmaceutical Fund, and Split Rock Partners also participated. SkinMedica is developing pharmaceuticals for the treatment of dermatologic conditions. Graham D.S. Anderson of EuclidSR Partners joins the board as part of the funding.

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Active Acquires Public Enterprise Group
San Diego-based The Active Network said this week that it has acquired Public Enterirse Group, a Huntington Beach-based developer of municipal marketing partnerships. Active, which provides application and marketing services for community service, said that the acquisition would create new revenue and service opportunities for the company in the public and private sectors. Active Network provides registration services, community pages, member management, fundraising, and other services to nonpro (More info...)

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MySpace Debuts Another Album Online
Los Angeles-based social networking site has debuted another music online at its web service. The company has premiered "Lyla", a single released by the rock group Oasis. Oasis made the single available this week to music fans, streaming the single to users of as a preview to the release of a new Oasis CD in May. MySpace said that Oasis asnd Epic Records are using the service to tap into the company's network of blogs and networked music fans. Record and movie companies h (More info...)

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USC, Qualcomm Reach Distance-Education Deal
The University of Southern California today announced that it has signed a deal with QUALCOMM to offer access to the University of Southern California Viterbi School of Engineering's Distance Education Network (DEN) worldwide. The deal makes it possible for Qualcomm's employees to gain a graduate engineering degree from the University of Southern California, no matter where they are in the world. Qualcomm's U.S. and non-U.S. based employees will have the ability to tap into USC's graduate engine (More info...)

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I/OMagic Revs MP3 Storage Line
Irvine-based I/OMagic said this morning that it has begun shippi ng the latest in its line of MP3 storage devices. The company's updated GigaBank 6.0 is designed to store MP3 and other files, and supports up to 6GB of storage capacity in a 2-inch pacakage. The portable device provides USB 2.0 connectivity and does not require a battery or external power. I/OMagic markets a line of storage products targeted at users looking for compact, portable disk drive storage.

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THQ, Major League Baseball In Wireless Pact
Calabasas-based THQ announced this morning that it has reached a deal with Major League Baseball Advanced Media (MLBAM) to develop and distribute officially licensed baseball-themed wireless applications. The company will develop entertainment titles, ringtones, and more for this season that run on mobile phones. THQ said that ringtones from players such as Eric Gagne and Roger Clemens will be downloadable by fans, and player images will be downloadable as cell phone wallpaper. The deal also inc (More info...)

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Linspire Makes Retail Push
San Diego-based Linspire said this morning that its newest desktop operating system in now available at Best Buy, CompUSA, Micro Center, and other retail stores. The company, which creates and distributes a version of Linux targeted at desktop users, said that retail packaging for its product is now available at over 1000 retail locations. Linspire's Five-O product bundles together popular Linux open source applications such as OpenOffice and other products, and includes easy to use installation (More info...)

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