Monday, July 31, 2006
Revver Expands Series B
Los Angeles-based Revver announced today that it has added Comcast Interactive Capital and Turner Broadcasting as new investors in the firm's Series B funding round. Revver said that the funding would be used for market expansion, team-building, and technology development. Comcast and Turner join Draper Fisher Jurvetson, Bessemer Venture Partners, Draper Richards, and William Randolph Hearst III as investors in the firm.

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Interview with Brett Butler, CEO of Axiom Microdevices

Axiom Microdevices ( is an Irvine-based semiconductor firm that is developing power amplifier technology for the cell phone industry, based on inexpensive CMOS process technology. The company's technology promises to enable single chip cell phones, something which could dramatically reduce the costs of cell phone circuitry. Axiom recently won a patent infringement lawsuit that had been filed against it by Silicon Labs, which had bogged down the company for several years, an (More info...)

posted on Monday, July 31, 2006(Full story)

Passenger Quietly Raises Venture Round
Los Angeles-based Passenger, a company developing technology for brand
marketing, has quietly raised a round of venture capital, socalTECH has learned. Funding came from Shelter Capital Partners. As of press time, the company did not answers emails asking about details on its venture funding, however, according to the latest PricewaterhouseCoopers Moneytree report, the round was worth $1.8M.

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Academy123 Sold To Discovery Education
Westlake Village-based Academy123 was quietly sold earlier this month to Discovery Education. Terms were not disclosed. Academy123 developed homework study guides and educational software for middle and high school students. Discovery said that it will distribute Academy123's products beginning in September. Academy123 was funded by Arcturus Capital and Momentum Venture Management.

posted on Monday, July 31, 2006(Full story)

Deltek Buys C/S Solutions
Los Angeles-based C/S Solutions, a provider of software for the business intelligence market, has been acquired by Deltek Systems. Financial terms were not disclosed. C/S Solutions software is used for cost, schedule, and risk integration. Deltek Systems is a provider of enterprise project management software. San Diego-based Software Equity Group LLC advised C/S Solutions in the transaction.

posted on Monday, July 31, 2006(Full story)

Linksys Launches VPN Routers
Irvine-based Linksys launched two new routers last week targeting small office/home office and small businesses. Linksys said that its new 4-Port Gigabit Security Router with VPN, and 4-Port SSL/IP Sec VPN Routers are targeted at small businesses and remote workers. The new VPN router provides Stateful Packet Inspection (SPI) firewall and Intrusion Detection and Prevention (IDS/IPS) capability; the new SSL/IPSec router supports SSL technology to connect remote users to office networks. Linksys i (More info...)

posted on Monday, July 31, 2006(Full story)

DataDirect Debuts New Storage System
Los Angeles-based DataDirect Networks, a provider of high performance storage systems for the high performance computing (HPC) and other markets, said last week that it has unviled its newest storage system. The firm's new S2A9550 provides up to 3 GB/s of performance and capacities of up to 56TB in a single storage system. DataDirect's systems are optimized for sustained performance required for high performance server clusters. The new system supports both Fibre Channel and SATA disk drives.

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