Tuesday, March 27, 2007GoTV Networks Gets Strategic Investment From MotorolaSherman Oaks-based GoTV Networks has received a strategic investment from Motorola, Motorola said this morning. Motorola announced that Motorola Ventures, its venture capital arm, made an equity investment in GoTV Networks, which provides mobile television content. Financial terms were not disclosed. GoTV Networks has previously received venture funding from Bessemer Venture Partners and Charles River Ventures.
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Electronic Clearing House, Intuit Terminate MergerCamarillo-based Electronic Clearing House and Intuit Inc announced this morning that they have mutually agreed to terminate the merger of the two companies. The merger, which was announced December 14th, would have been worth $142M in cash. ECHO and Intuit said that they have agreed to release each other from all claims under or related to the terminated merger agreement. No reason for the termination was given, however ECHO said that it is cooperating as a witness in a federal investigation rel (More info...)
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Orqis Medical Raises $12MLake Forest-based Orqis Medical, which is developing therapies for treating congestive heart failure, said that it has raised $12M in the second close of its Series D round of financing. The funding brings the company's Series D total to $34.7M. Investors in the round included Wasatch Advisors, Cross Creek Capital, and the Omega Fund, along with existing investors.
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CallWave Introduces Voice-to-Text ServiceSanta Barbara-based CallWave announced a new service which converts mobile voicemail into text today, which it will offer to its users and as a private label service to carriers. The firm said that its new Vtxt service uses speech recognition to convert voicemails on user handsets into text messages which can be accessed from a web page. The service is currently in beta, and available for free to users. The service also delivers summaries of the voicemails via SMS to handsets. CallWave is target (More info...)
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MySpace Files Suit Aginst Sanford WallaceLos Angeles-based MySpace has filed suit against Sanford Wallace, for violation of the CAN-SPAM Act, and California's anti-spam and anti-phishing statutes. Wallace is well known for promoting himself as the "Spam King" in the late 1990's. MySpace said that it has filed suit in the United States District Court in Los Angeles, seeking a permanent injunction barring Wallace and his affiliated companies from the MySpace site. MySpace alleges that Wallace used phishing techniques to gain access to My (More info...)
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Viva! Vision Rolls Traffic AppSanta Monica-based Viva! Vision, a venture-backed provider of mobile video programming targeted at Latin America, said today it has introduced a new live traffic monitoring application for mobile devices in Latin America. The new mobile app, LiveTraffic, will provide live video traffic updates in major cities in the region. The product will be offered through Iusacell & Unefon in Mexico.
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AAA, Networks In Motion Announce Navigation SoftwareAliso Viejo-based Networks in Motion and the AAA said today that they have announced a new, mobile phone-based GPS navigation and travel application. The new AAA Mobile application, which is based on the Networks In Motion location-based services platform, will provide visual and audible travel directions, information on AAA rated hotels and restaurants, and AAA member savings. The new service will also offer turn-by-turn directions and search tools. The new application is expected to be availab (More info...)
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CilpBlast Upgrades Video Search SiteAgoura Hills-based ClipBlast, an online video search engine, is announcing today that it has launched version 2.0 of the firm's web site. ClipBlast provides a meta-search of online video sites, and includes category-based browing of videos, personalized video clip bookmarks, and contextual search tools. The company's index includes both online video from major providers and television stations, along with user-generated video clips and sites like YouTube.
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ClearMesh Launches Wireless Mesh ProductClearMesh has launched a wireless mesh product, targeted at high resolution video surveillance and IT applications. The Pasadena-based firm announced Monday afternoon that its latest product will provide 100 Mbps of full duplex bandwidth, along with quality of service functionality. The company is marketing the product to system integrators and security professionals. ClearMesh develops wireless mesh network equipment based on free space optics.
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Sequoia Communications Names VP Finance, OperationsSan Diego-based Sequoia Communications is announcing today that it has appointed Dee Morgan as VP of Finance and Operations. Morgan was most recently at Texas Instruments, where Morgan was director of finance and operations for the firm's Digital signal Processing business. Sequoia Communication is a venture backed firm developing RF semiconductors for the communications market. The firm's products provide single-chip integration of multimode RF wireless standards, including GSM, GPRS, EDGE, and (More info...)
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