Wednesday, February 22, 2006i2 Buys RiverOnei2 Technologies has purchased the assets of RiverOne, the Irvine-based supply chain management software firm. Terms were not disclosed. i2 said that it is buying RiverOne as a part of its growth strategy for expanding its customer base. i2 said that it expects to continue to support RiverOne's previous customers, and hiring a number of RiverOne employees. RiverOne was a developer of supply chain management software for the electronics manufacturing industry, and itself was a result of the merger (More info...)
posted on Wednesday, February 22, 2006(Full story)
CaseStack Appoints CFO, VPSanta Monica-based CaseStack, a provider of logistics outsourcing for packaged goods suppliers, has named a new CFO. The firm said that Tracy Edwards has joined the company as CFO, and also said that Joseph Blunt has been named as vice president of customer service. Edwards most recently served as CEO and CFO of Bell Industries, and has also served at PricewaterhouseCoopers. Blunt most recently served at Destination America, and also spent time with Walt Disney Company, GM, and Intel.
posted on Wednesday, February 22, 2006(Full story)
IT Services Providers MergeTustin-based Information Consulting Group, a provider of IT services and project management, said yesterday that it has acquired Net Solutions, another Tustin-based firm. Terms were not disclosed. The two companies will focus on program management and IT services, in the area of process improvement, program management, outsourcing, security implementation, and other areas for mid-size to large enterprises. The firm will continue to be headed by Tim Britt, current CEO of ICG.
posted on Wednesday, February 22, 2006(Full story)
Hollywood Shuts Down Major File Swapping HubThe Motion Picture Association (MPAA) is cheering the shutdown of a major file swapping hub, Razorback2, by authorities in Belgium and Switzerland yesterday. The group said yesterday that police and prosecuters had shut down the major eDonkey peer to peer server, which the group claims had an index of over 170 million files, including copyrighted movies, software, games, TV programming, and music. The server had the capability to serve up to 1.3 million users simultaneously, and mostly served Eu (More info...)
posted on Wednesday, February 22, 2006(Full story)
Cadence Pharmaceuticals Gets $60.8M In Funding, Licenses ProductSan Diego-based Cadence Pharmaceuticals has raised $60.8M in financing in a combination of equity and debt. The firm, which is focused on developing biopharmaceuticals for hospitals, also said that it acquired the development and commercialization rights to an intravenous formulation of acetaminophen (IV APAP) from Bristol-Myers Squibb. Cadence said that the equity funding of $53.8M was led by Frazier Healthcare Ventures, and included participation from Versant Ventures, Technology Partners, and (More info...)
posted on Wednesday, February 22, 2006 (More)(Full story)
ITU Ventures Raises $120MLos Angeles-based ITU Ventures, a venture firm focused on seed and early stage investments in university spinoffs, is announcing today that it has closed a new fund, ITU Ventures III. The new fund is closing with total commitments of $120M. ITU Ventures invests in technology businesses emerging from universities, research institutions, and corporations. The fund said that its limited partners are instutitional investors consistenting of university endowments, pension funds, and fund of funds fro (More info...)
posted on Wednesday, February 22, 2006 (More)(Full story)
Interview with ToutVirtualIn recent years, the server virtualization space has had a huge amount of traction with enterprise customers. Companies like VMware (acquired, and now running as a unit of EMC) have shown that enterprise customers are very eager to consolidate the number of servers their IT teams need to manage and operate. Those customers have been rapidly adopting server virtualization technology, which allows them to run multiple system images on a single hardware server, instead of managing multiple, underu (More info...)
posted on Wednesday, February 22, 2006(Full story)