Thursday, August 31, 2006Private Equity Firm Completes Thales Navigation BuyShah Capital Partners, a private equity group, said Thursday that an investment group has completed its purchase of San Dimas-based Thales Navigation, a division of Thales, in a deal worth $170M. The new company will be known as Magellan. Private equity investors in the group included Tudor Group, Galleon Group, Consolidated Press Holdings, AIG SunAmerica, and Eli Broad. Magellan is the manufacturer of the popular Magellan RoadMate portable car navigation systems, the Hertz NeverLost car navigat (More info...)
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Interthinx Acquires Domus SystemAgoura Hills-based Interthinx, a unit of ISO, said today that the firm has acquired Los Angeles-based Domus System, a company that provides automated compliance and reporting services to the affordable housing industry. Terms of the acquisition were not disclosed. The Domus System colections, maintains, and reports on resident and property data for the affordable housing industry,and is used by asset managers and affordable housing agencies. Interthinx said that the acquisition will increase its (More info...)
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Sprints Ships EV-DO Rev A DeviceSprint has launched the first, available EV-DO Revision A broadband card, the Novatel Wireless S720 Sprint Mobile Broadband Card, which promises to dramatically increase uplink and downlink speeds for wireless data transfers. The new device will connect into Sprint's wireless broadband network, which the carrier is upgrading to the fater EV-DO Revision A standard this year. The announcement is a major win for San Diego-based Novatel Wireless, which is supplying the cards to Sprint in an OEM deal (More info...)
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Studios Ship Blu-ray Disc TitlesA number of studios announced a flurry of new titles for the new Blu-ray disk format today. Los Angeles-based Twentieth Century Fox Home Entertainment said today that it will ship its first Blu-ray Disc titles in November. The firm said that it will release eight titles, including Behind Enemy Lines, Fantastic Four, The League of Extraordinary Gentlemen, Speed, and several other titles. The studio also said it will release Ice Age: The Meltdown concurrently with the DVD release on November 21st. (More info...)
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Smith Micro Gets RelistedAliso Viejo-based Smith Micro Software said today that it has been approved for relisting of its common stock on the NASDAQ Global Market. The firm will resume trading today under the symbol SMSI. Smith Micro is a developer of communications and utility software.
posted on Thursday, August 31, 2006(Full story)