Thursday, June 1, 2006Interactive Video Technologies Gets $5MLos Angeles-based Interactive Video Technologies (IVT) has received $5M in venture capital funding from Monitor Ventures and prior investor Tudor Ventures. The firm said this morning that it would use the funding to enable it to bring new products to market. IVT develops software for the creation, management, and distribution of live and on-demand webcasts. The firm said that its customers include Cisco, IBM, Ernst and Young, EDS, and others, who use its products for sales force training, corpor (More info...)
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Quest Software Drawn Into Options InvestigationAliso Viejo-based Quest Software is the latest technology firm being drawn into an industry-wide investigation by the Securities and Exchange Commission on the granting of stock options. Quest said this morning that it has been contacted by the SEC regarding an informal inquiry into Quests's past stock option grant practices. Quest Software is the latest firm to be subject to an inquiry by the SEC, which yesterday also added Applied Micro Circuits Corp., Altera, KLA-Tencor, and Rambus to compani (More info...)
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Foundation 9 Gets Strategic InvestmentFoundation 9, which operates a number of game development studios, said today it has received a strategic investment from Francisco Partners. Foundation 9 said that Francisco Partners will fund the company with up to $150M over the next few years, for Foundation's organic growth, IP development, and future acquisitions. Foundation 9 operates Newport Beach-based The Collective, Culver City-based Circle of Confusion, and other game studios and brands. The firm is known for its Age of Empires title (More info...)
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CinemaNow Adds WarnerMarina Del Rey-based CinemaNow has added yet another studio supporting its download-to-own services, saying today that it has signed a licensing agreement with Warner Bros. Home Entertainment Group to offer both movies and television shows for download-to-own. The move follows CinemaNow's announcement yesterday that it added Buena Vista Home Entertainment to the service. Warner's movies will be made available today for purchase. Titles will be available during the traditional home video window. (More info...)
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Amp'd Goes PrepaidLos Angeles-based MVNO Amp'd Mobile is going prepaid, saying yesterday that it will offer a pre-paid version of its mobile phone services. Amp'd will offer its youth-oriented, multimedia cell phone service to consumers that allows consumers to buy a phone and then pay as you go for service. The company said that it will allow consumers to purchase credits for the service through their phone, online, or by calling member services. Amp'd will offer its services at 10 cents a minute for its pre-pai (More info...)
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Atheros, Broadcom Demonstrate 802.11nIrvine-based Broadcom and Santa Clara-based Atheros announced the demonstration of interoperability of their 802.11n products yesterday, saying that the companies have completed joint interoperability testing between Broadcom and Atheros chipsets. Both companies are developing high speed, wireless LAN chips around the IEEE 802.11n draft specification, the next standard being developed for WiFi. The two companies said that they were able to show greater than 100 Megabits-per-second speeds in the (More info...)
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V-ENABLE Adds Developer ProgramSan Diego-based V-Enable, a developer of mobile voice and text-search solutions, has rolled out a new developer program. The firm said yesterday that it has launched a partner program for developers to take advantage of its mobile search technology. The program covers BREW, JAVA, SYMBIAN, WAP and xHTML platforms. V-Enable said that it was targeting content providers in the local search, location-based services and mapping, downloadable content and ringtone market, and information services. The d (More info...)
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