Thursday, January 4, 2007
Angel Funding Process - better than herding cats
Angel funding for growing companies is a mysterious process to most entrepreneurs. Somewhere between hitting up your rich uncle and begging for a loan at the bank, a professional angel group can provide $250,000 to $1.5m in equity funds to accelerate growth and make it attractive to later stage investors. Read more about the Angel Funding process in a contributed article from Ken Hayes, a member of the Pasadena angels.

Intel, CinemaNow Partner
Marina Del Rey-based video download service CinemaNow and Intel Corp. said Thursday that the two companies are in a collaboration to Intel Viiv specific support for legal downloading and recording of motion pictures to blank DVD discs. Intel and CinemaNow said that the two will optimize CinemaNow's Burn-to-DVD service for Intel Viiv-based PCs, and that CinemaNow will also deliver Intel Viiv-specific technology capabilities, including access to home movie content over home networks. CinemaNow has (More info...)

posted on Thursday, January 4, 2007(Full story)

Symmetricom Acquires QoSmetrics
San Jose-based Symmetricom said Wednesday that it has acquired Camarillo-based QoSmetrics, a provider of testing equipment for the IPTV market, in a deal worth $16M in cash. QoSmetrics develops testing equipment used for monitoring IPTV, VoIP, and video on demand video streams. QoSMetrics has received venture funding from CDC Enterprises Innovation, Innovacom, and TechFund Capital.

posted on Thursday, January 4, 2007(Full story)

CoorsTek Acquires Gaiser Tool
Colorado-based CoorsTek, a provider of ceramics and components for the high tech market, said this morning that it has acquired Gaiser Tool Company, a high-quality ceramic precision tooling manufacturer based in Ventura. Gaiser Tool provides wire bonding technology and ceramic products used by the semiconductor industry. Financial terms of the acquisition were not disclosed. Gaiser Tool also maintains operations in Tokyo, Japan, and was founded in 1962.

posted on Thursday, January 4, 2007(Full story)

Broadcom Completes Acquisition of LVL7 Systems
Irvine-based Broadcom said Wednesday afternoon that it has completed its acquisition of LVL7 Systems, a North Carolina-based developer of networking software. The deal was worth $62M in cash, and was announced in November. LVL7's software is used by origial equiment manufacturers to develop SMB networking products.

posted on Thursday, January 4, 2007(Full story)

On Assigment Buys Oxford Global Resources For $200M
Calabasas-based On Assigment, a provider of healthcare and lab support staffing services, said Wednesday that it is acquiring Oxford Global Resources, a provider of information technology and engineering staffing services for $200M. The deal consists of $190M in cash plus $10M in stock, and also includes upt o $12M in earnout. The acquisition is an expansion of On Assigment's temporary staffing services, which previously focused on the laboratory and health sector. Oxford's 2006 revenues are exp (More info...)

posted on Thursday, January 4, 2007(Full story)

Napster Claims 48,000 New Subscribers
Los Angeles-based Napster is claming that it has added 48,000 new subscribers to the firm's music download service this quarter, bringing the firm's total subscriber based to 566,000 paid worldwide subscribers. The publicly held firm provides digital download services and subscriptions of music. Napster said that it expects to report more than $28M in revenue for the quarter, including university and Napster Japan subscribers.

posted on Thursday, January 4, 2007(Full story)

AdStar Gets Win At Vancover Sun
Marina Del Rey-based AdStar, a provider of e-commerce software for the classifieds industry, said today that the Pacific Newspaper Group, which published The Vancouver Sun and The Province, will integrate the firm's web-based ad technology into its print and online classified ad offerings. Size of the deal was not disclosed. AdStar provides technology that allows for the scheulding, creation, and payment for classified ads.

posted on Thursday, January 4, 2007(Full story)

NextWave Wireless Moves To Nasdaq
San Diego-based NextWave Wireless, a provider of mobile and broadband products, announced yesterday that the firm has moved to the Nasdaq Global Market. The firm, which was previously trading over-the-counter, will be traded on the Nasdaq under the symbol WAVE. NextWave develops WiMax semiconductors and devices for mobile device and infrastructure manufacturers and the wireless industry.

posted on Thursday, January 4, 2007(Full story)

Paramount Adds Mobile Phone Portal
Hollywood-based Paramount Pictures said today that it has launched a new mobile phone portal to deliver content to mobile devices. The firm, which is a unit of Viacom, said that the new portal will promote theatrical and DVD releases, and allow visitors to browse and purchase movie-related content on their mobile phones. Paramount is tapping Crisp Wireless for the content management software for the portal.

posted on Thursday, January 4, 2007(Full story)

Pitch Angel and Venture Capital Investors January 22nd
January 22, 2007 | 4pm-9pm
at the UCLA Anderson School of Business

Learn the art of the pitch.

Meet the Tech Coast Angels, the nation's largest and most active network of angel investors. This fun, must-attend event features:

> One-minute "elevator pitches" by 12 of Southern California’s most promising startups.

> A panel of entrepreneurial CEOs who led their companies to very successful IPOs and acquisitions.

> A deliciously catered reception to network with dozens of members of the Tech Coast Angels and other by-invitation-only investors.

Apply today to pitch, this is an ideal opportunity for early stage companies to get visibility and funding for their firms!

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

Sponsored By


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