Friday, June 1, 2007Slacker Raises $40MSan Diego-based Slacker, the online and Wi-Fi enabled social music company, has raised $40M, according to a report published by Private Equity Week. Slacker operates an online service that allows you to create personalized Internet radio stations, and also is creating a Wi-Fi enabled mobile music player connected to the firm's services. The Series B funding came from Centennial Ventures, Rho Ventures, as well as prior investors Mission Ventures and Sevin Rosen Funds.
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Oversee.net Buys SnapNamesLos Angeles-based Oversee.net announced Friday morning that it is acquiring SnapNames, operator of a business that manages expired and deleting domain names. Financial terms of the acquisition were not disclosed. SnapNames has been around since 2000, and provides technology that allows buyers to pre-order currently registered domain names when they expire. The acquisition is expected to close in June. Oversee.net operates a domain monetization and online marketing business. According to Oversee. (More info...)
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Advanced BioHealing Adds $4.5M To Series CLa Jolla-based Advanced Biohealing, which is developing a treatment for full-thickness diabetic foot ulcers, said Thursday that it has raised an additional $4.5M in its Series C round. The additional capital came from Safeguard Scientifics and CDIB BioScience Ventures. The new funding brings the total raised in the firm's Series C to $30M. The initial tranche of the Series C was announced in February. The company's total raised is now over $40M.
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MTI Technology Gets DelistedIrvine-based MTI Technology announced Thursday afternoon that the firm has received notification from the NASDAQ that the company's securities have been delisted, effective this morning. The firm said that the delisting was the result of the company's failure to meet minimum stockholders' equity for continued listing. MTI, which is focused on integration and resale of storage products, said that it will trade on the pink sheets.
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eFax Adds Additional Language SupportLos Angeles-based Internet faxing and voice messaging firm J2 Global Communications announced this week that it has added support for Italian, Portuguese, and Polish to the firm's list of supported languages. The company said that the new language support for its eFax internet Fax service comes as part of an effort to expand product support in key markets worldwide. j2 Global has recently been rolling out an expansion of localized versions of its eFax service across Europe.
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Transcepta Creates Online Invoicing CommunityAliso Viejo-based Transcepta, an angel-backed firm which has received funding from the Tech Coast Angels, said this week that it has created an online community focused on allowing buyers and vendors to exchange electronic invoices. The company develops software for electronic invoicing to eliminate the need for paper invoices. The firm allows companies to manage Accounts Payable and Accounts Receivable online via a software-as-a-service. Transcepta raised an angel round from the Tech Coast Ange (More info...)
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ToutVirtual Adds IT Management SoftwareCarlsbad-based ToutVirtual has rolled out a product targeted at the server virtualization market, saying Wednesday that it has added VirtualIQ Pro, a new virtualization management suite. The new software manages VMware, Microsoft, XenSource, and Novell virtualization platforms, and is available as either stand-alone software or as a software appliance. The firm's software can be used to track performance of virtual machines, provide real-time and historical reporting, single console management o (More info...)
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DivX Expands Exec TeamSan Diego-based DivX has expanded its executive team, saying this week that Pamela Thompson Johnston has joined the company as Senior Vice President for Sales and Marketing. Johnston was most recently at Yahoo!, where she was Regional Vice President of Yahoo!'s Emerging Marketings. Johnston will report to Kevin Hell, DivX President. Johnston has also served at Level 3 Communications, Sameday Technologies, Pulsepoint Communications, and Motorola.
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Guidance Software Takes On Mobile DevicesPasadena-based Guidance Software announced earlier this week that it has rolled out a new software package for forensic analysis of mobile phones and other mobile devices. The firm said that its new Neutrino mobile acquisition product combines a wireless signal blocking device to allow investigators to extract data from a variety of mobile devices. The new product integrates with the company's existing software, EnCase, which is used by law enforcement and others for analyzing digital evidience. (More info...)
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ClearMesh Execs Look For BuyerSuresh Nihalani, CEO of Pasadena-based ClearMesh, spoke to socalTECH Thursday and confirmed that the company curtailed its operations considerably last week, and is now looking for partners willing to carry the firm's technology to market. Sources close to the company told socalTECH that the firm had shut down operations last week and laid off most of its employees. Nihalani confirmed the firm's moves last week, and said the company is no longer looking actively for business. Nihalani said that (More info...)
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