Monday, February 13, 2006Digital Orchid Raises $6MSan Diego-based Digital Orchid, a developer of real-time wireless applications and mobile content platforms, said this morning that it had raised $6M in new venture funding. The company's series B was led by Shepherd Ventures, and included participation by NeoCarta Ventures. Digital Orchid said that the funds will be used to accelerate its global growth. Digital Orchid is developing technology for distributing content on cellular phones. Tim Siegel of Shepherd Ventures is joining the firm's boar (More info...)
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LightPointe Adds Wireless ProductSan Diego-based optical networking firm LightPointe has introduced a new product to its lineup. The firm's new FlightExpress 100 is designed for connecting two or more buildings within 200 meters or less, and delivers Fast Ethernet performance over a free-space optical transmission system. LightPointe's products are used for connecting campus buildings and LANs without wiring, using free space optics technology.
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Websense Upgrades Security SoftwareSan Diego-based Websense announced this morning that it is planning a number of new features for its WebSense Web Security Suite software release. The firm said its second quarter release, version 6.2, will include a number of features targeted at botnets, ability to manage non-port 80 HTTP traffic, integration with Microsoft's Windows XP Firewall, and better support for Cisco Network Admissions Control. WebSense is a provider of Internet security tools and software.
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JAMDAT Shareholders Approve Acquisition By EALos Angeles-based JAMDAT said that its stockholders have approved its earlier announced acquisition by Electronic Arts. The firm said that its stockholders approved the acquisition Friday. The deal calls for each stockholder to receive $27.00 in cash for each JAMDAT share they own at close of the transaction. The total acquisition price is approximately $680M. The transaction is expected to close this month.
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Sabre Buys Los Angeles Travel Software ProviderSabre Travel Network today said that it has acquired Los Angeles-based TRAMS, a provider of mid- and back-office software for travel agencies. Terms were not disclosed. Sabre said that the acquisition will allow it to serve the end to end needs of a broad spectrum of travel agencies, including small and mid-sized leisure focused agencies. TRAMS provides customer relationship management (CRM) tools and agency marketing services for travel agencies. Sabre is one of the dominant operators of travel (More info...)
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Interview with Scott Painter, Founder of ZagZag is a new, Los Angeles-based startup founded by former CarsDirect CEO Scott Painter, funded by Anthem Ventures, Arcturus Capital, Capital One, and GRP. I spoke with Scott to better understand the new firm and how it fits into the online car buying market. BK: What is Zag all about, and what's different about Zag from other online car buying services? SP: Zag is developing a state-of-the-art technology and services platform that makes it possible, for the first time, for the consumer to co (More info...)
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