Friday, August 11, 2006


Tandberg Television Buys Zetools
Tandberg Television has purchased Los Angeles-based Zetools, a developer of media management software that can be used to deliver digital video services over the Internet. Terms were not disclosed. Zetools' customers include AOL, NBC Universal, MTV Networks, and Viacom. The deal is expected to close in the third quarter of 2006. Tandberg said that Zetools' publishing and management applications remove the road blocks in monetizing and syndicating video over the Internet.
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Sony Online Buys Worlds Apart
San Diego, California-based Sony Online Entertainment, operator of EverQuest and other multi-player online games, has acquired Denver, Colorado-based Worlds Apart Products. Worlds Apart develops online trading card games. Financial terms were not disclosed. Worlds Apart Products will become SOE-Denver, adding to Sony's current locations in San Diego, Seattle, Austin, and Taiwan. Worlds Apart Productions has been building role-playing and other online games for 10 years.
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ChoicePoint Buys Steel Card
ChoicePoint has acquired Santa Barbara-based Steel Card LLC, a provider of software for the property and casualty insurance industry, the firm said Thursday. Terms were not disclosed. ChoicePoint said that it will integrate Steel Card and its products into its insurance software and process outsourcing business, Insurity. Steel Card's web-based software is used for insurance policy administration, including Internet quoting and purchasing.
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Incuity Gets Series A Funding
Mission Viejo-based Incuity Software has raised a Series A venture round, the firm said today. Incuity, which develops business intelligence software for the manufacturing industry, raised the venture round from American River Ventures and Palomar Ventures. Other investors also included HamiltonTech Capital Partners, Fipco Ventures, and local angel investors. As part of the funding, John Kunhart of ARV and Randy Lunn of Palomar will join the board. Incuity said that the funding would be used to (More info...)
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MediaNews Taps WebVisible
MediaNews group, the fourth largest newspaper company in the United States, and Irvine-based WebVisible, a provider of search engine marketing products, said yesterday that the companies have started marketing TrafficMAX, an interactive advertising product based on WebVisible's products. The new service provides advertisers with full-service, search engine marketing. Customers of MediaNews Group can now place their locally targeted ads in sponsored search results on search engines such as Google (More info...)
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Dot Hill Reviews Stock Options, Delays 10-Q Filing
Carlsbad-based Dot Hill Systems, a maker of data storage systems, said last night that the firm is reviewing its historical stock option grants practices, as a result of the industry's widespread stock option scandal. Dot Hill said that its audit committee has begun a self-initiated review of the firm's stock option grant practices. The firm said that it has reviewed its option grant practices back to 1999, and has identified discrepancies during the 2000 through 2003 fiscal years. As a result, (More info...)
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Broadcom Delays 10Q Filing
Irvine-based Broadcom has announced in a SEC filing that it is delaying the filing of its quarterly report, due to ongoing reviews of its equity awards practices. The firm filed a Notification of Late Filing with the SEC last night, saying that it is unable to file a quarterly 10-Q report with the SEC in a timely manner. Broadcom said that it plans to file its Q2 10-Q after it concludes its equity award review. Broadcom had announced in May that it was commencing a voluntary review of its equity (More info...)
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