Thursday, June 8, 2006Luxury Link Raises $9MLos Angeles-based Luxury Link, a provider of online luxury travel services, has raised $9M in a venture capital funding and shareholder buyout. The firm said Wednesday that it received the funding from San Francisco Equity Partners and El Dorado Ventures. The financing will be used for customer acquisition and brand awareness. Scott Potter of San Francisco Equity Partners will join the company's board, along with Charles Beller of El Dorado Ventures. Luxury Link provides an online web site that (More info...)
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Juice Wireless Finds $4MNew York-based Juice Wireless, which maintains its operations and research and development office in the Los Angeles area, has received $4M in funding. The firm, which is headed by David Herman, founder of Hollywood Stock Exchange, develops mobile applications and services. Funding came from 21Ventures. The company will use the funding for development and sales of its mobile data applications and services, which Juice Wireless is marketing to help publishers and users to create and distribute m (More info...)
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Reunion.com Acquires MyAddressBook.com, Settles Patent SuitLos Angeles-based Reunion.com has acquired My Address Book LLC, the operator of MyAddressBook.com, an online web site that allows consumers to create an online address book with automatic updating. Financial terms were not disclosed. The acquisition settles a patent infringement lawsuit that Reunion.com brought against My Address Book. Reunion.com said that it would add My Address Book's users to its customer base. Reunion.com is backed by Richard Rosenblatt, former CEO of Intermix, Steve Newman (More info...)
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Sony Exec: Music Industry Is Losing The Battle Against PiracyA Sony executive in charge of the company's technology strategy believes that the music industry is not making headway against music pirates, despite the industry's extensive efforts to halt piracy. In a heated debate at the Digital Media Summit in Los Angeles Wednesday, Sony executive Albhy Galuten said that he does not believe the music industry is winning the battle against pirating, in any palpable way. The panel included Ted Cohen, former SVP of Digital Development and Distribution at EMI, (More info...)
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PLX Systems Acquired by Access Integrated TechnologiesLos Angeles-based PLX Systems, a provider of enterprise software for managing intellectual property (IP) assets, has been acquired. Access Integrated Technologies said today that it will acquire the firm, and operate it as a unit of AccessIT. AccessIT said that PLX CEO Gary Bishop and several members of the PLX management team will join the firm as part of the acquisition. PLX software is used by Internet retailers, web portals, and digital-equipped movie theaters. PLX is venture backed, and has (More info...)
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Xerox Funds UCSB ProjectXerox has invested $200K in a UC Santa Barbara project, as part of the company's support of universities in the US, Canada, and Europe. Xerox said yesterday that it has provided a research grant to the University of California-Santa Barbara for investigation of next-generation image enhancement algorithms. The project will focus on image quality, performance, and automation in image processing. The project was one of 10 new research projects the company announced yesterday, which are focused on (More info...)
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LogicalApps Gets Win At BMOIrvine-based LogicalApps has scored a win at BMO Financial Group, to provide automated enforcement for Sarbanes-Oxley compliance. LogicalApps said that BMO will use its software for theh compliance market to manage automation of compliance processes in Oracle's E-Business suite. BMO said that it was using the LogicalApps software because it dramatically cuts the time auditors spend reviewing paper-based reports, reducing routine audit lengths from two months to two days. LogicalApps software is (More info...)
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SmartSound Adds Universal Binary SupportChatsworth-based SmartSound Software, a provider of music scoring technology for film and video, has rolled out an update to its software. The firm said that its SmartSound Sonicfire Pro 4 software now includes universal binary support for the new Mac, Intel-based platform. The updated software is used for adding music to Avid and Final Cut Pro video editing software, and is tied to the company's own library of royalty-free music.
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