Thursday, August 17, 2006Celerus Gets $9MSanta Barbara-based Celerus Diagnostics said today that it has received $9M in a Series B funding, led by Merriman, Curhan and Ford, the investment bank. Celerus is developing medical devices for rapid cancer diagnostics. The new round of funding brings the company's total raised to around $11.7M, including a previous round that the company announced in December of 2005. The firm is targeting pathology laboratories with its technology.
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Boeing To Shut Down ConnexionBoeing today said that it has decided to exit the high-speed broadband communications market, and will shut down its Connexion by Boeing service. The firm said that the market for the service has not materialized as has been expected. Boeing said that it expects that the majority of Connexion employees will find other jobs within the company, and that it willtake a pre-tax charge of up to $320M. Boeing's Connexion by Boeing service has been under scrutiny since June, when Boeing started looking (More info...)
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Interview with Chuck Hoover, Internet BrandsLos Angeles-based Internet Brands (www.internetbrands.com) has been on a roll lately with several acquisitions of web sites. The firm just announced last week that it acquired CruiseMates.com and CruiseReviews.com, two web sites that provide reviews and editorials on cruise lines; and prior to that, it purchased BBOnline, WikiTravel, and World66. Since lots of our readers are entrepreneurs, I thought it would be great to chat with Chuck Hoover, Senior Vice President of Marketing and Business Dev (More info...)
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Quest Receives Nasdaq Notice, Faces DelistingAliso Viejo-based Quest Software said today that it has received a Nasdaq Staff Determination letter, indicating that the firm is not in compliance with continued listing requirements, and is subject to delisting. The firm received the notice because it did not file its 10-Q for the quarter on time. Quest had delayed the filing of its 10-Q due to an ongoing investigation into the firm's stock options grant practices. The firm said in a statement that it will request a hearing before a Nasdaq Lis (More info...)
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Teledyne Completes AcquisitionsLos Angeles-based Teledyne Technologies has completed the acquisition of two firms, announcing today that it completed the acquisition of CollaborX, for $17.5M, and the majority of Ocean Design, for approximately $30M. CollaborX is a Colorado Springs, Colorado-based provider of government engineering services to the U.S. Air Force. Ocean Design is a manufacturer of fiber-optic interconnect systems used in offshore oil and gas production. Teledyne is a provider of electronic components and other (More info...)
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Emulex Gets Symantec CertCosta Mesa-based Emulex, a provider of storage networking products, said today that it has received a certification of its 4Gb/s PCI-X and PCI Express host bus adapters (HBAs) with Symantec's Storage Foundation 5.0 software. The certification means that the Emulex hardware works properly with Symantec's storage management software. Symantec's Storage Foundation software part of Symantec's acquisition of Veritas Software. Storage Foundation is a major storage management software suite, and is use (More info...)
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