Wednesday, April 19, 2006Solarflare, Level 5 Merge, Get VC FundingIrvine-based Solarflare Communications and Level 5 Networks have merged. The two companies said this afternoon that the two companies are in a definitive agreement to merge and have raised new funding. The two companies said that the new company will be called Solarflare Communications, and continue to have it headquarters in Irvine. Russell Stern, current CEO of Solarflare, will head the combined company. Level 5 was a UK-based company developing high-speed server interconnect products. Solarfl (More info...)
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Interview with Steve Iverson, StreamloadOur podcast interview today is with Steve Iverson, CEO and founder of San Diego-based Streamload (www.streamload.com), which is a company that provides file storage for consumers on the Internet.
Ben Kuo: Tell me a bit about where Streamload is nowadays?
Steve Iverson: We've been making great progress, our user base continues to grow rapidly. Our subscriber base continues to grow. We have a new version of our software called Streamload MediaMax, which is the fifth major release of our Inte (More info...)
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VU Games Launches EragonLos Angeles-based Vivendi Universal Games has launched a new videogame based on Twentieth Century Fox's Eragon movie. VU Games said that it will bring Xbox360, Game Boy Advance, Nintendo DS, and Sony PSP versions of a game to match Twentieth Century Fox's upcoming theatrical release. That film is based on a novel by Christopher Paolini. VU Games said it would show a first look at the game at the upcoming E3 Expo in Los Angeles.
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The Active Network Buys Content Management FirmSan Diego-based The Active Network said this morning that it has acquired IronPoint Technology, a Canadian firm that provides content management software. Terms were not disclosed. The Active Network said it will use IronPoint's content management software to offer a solution for operations management, content management, and marketing services. IronPoint's software is used by government and educational organizations to publish content on their web sites. The Active Network provides applications (More info...)
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SAIC Buys GSTISan Diego-based Science Applications International Corporation (SAIC) has acquired GSTI(Geo-Spacial Technologies, Inc.), a Virginia firm providing research and development in the geospatial technology arena. Financial terms were not disclosed. GSTI provides LIDAR, IFSAR, digital camera, and other technology used in airborne, vehicle-based, and terrestrial sensors for mapping terrain and structures. The company's products are used in the defense and homeland security market. GSTI's 45 employees w (More info...)
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ORYXE Names New Chairman, CEOIrvine-based ORYXE Energy has named a new chairman and CEO, saying
yesterday that Walter L. Schindler is returning to SAIL Venture Partners, the lead investor in ORYXE. James M. Clearly will be appointed to the position. Clearly has been on the firm's board of advisors since 2004, and has served as President and COO of STRATCO, and also served at Tosco Refining Company. Schindler will return to SAIL as managing partner. ORYXE is developing fuel additives for reducing toxic emissions from combus (More info...)
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Apriso Opens Beijing HeadquartersLong Beach-based Apriso, a software provider in the manufacturing space, said yesterday that it is opening an Asia-Pacific headquarters in Beijing. The firm said that the move will enable it to better serve its China-based customers. Apriso also maintains offices in Tokyo and Singapore. Apriso is venture backed by Brentwood, CMEA, LogiSpring, SAP Ventures, and Wall Street Technology Partners.
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Greenspan Makes Angel Investment In MichiganBrad Greenspan, former founder of Intermix Media, has made a seed investment in a Michigan-based firm focused on manufacturing of components for the anti-influenza drug Tamiflu. Greenspan, known for his public scuffle over Intermix's acquisition by News Corp, said that he was investing $1M in Draths, which is also receiving SBIR funding. Greenspan was ousted as CEO of Intermix in 2003.
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