Monday, June 11, 2007
GenVault Ups Round
Carlsbad-based GenVault, a company developing technology that allows biological samples to be stored at room temperature, announced Monday that it has added $1.5M in venture capital funding to the firm's recently announced round. The additional funding came from Cross Creek Capital, an affiliate of Wasatch Advisors, Inc. The new funding will go towards development and marketing of its products. The capital brings the company's recent venture raise to $19.5. Other previously disclosed investors i (More info...)

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Sopheon Buys Alignent Software
Sopheon, a Minnesota-based software and services provider, said Monday morning that it has acquired Carlsbad-based Alignent Software, in a cash deal worth $5.5M. According to Sopheon, the deal includes $4.75M initially upon closing, plus $750,000 in potential earn out. Carlsbad-based Alignent develops product and technology roadmapping software used for strategic planning. The deal is expected to close on or about June 18. Alignent has previously raised $6M in venture capital funding from Horizo (More info...)

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Interview with Joel Portice, COO and Co-founder, Enclarity
One interesting aspect of Southern California's technology industry is its diversity of companies, and the number of startups across the wide industries here. While digital media and Hollywood gets a lot of the attention, a less often seen side are the companies providing services and products to corporations. Recently, we spoke to Joel Portice, co-founder of Enclarity (, a venture backed firm based in Aliso Viejo to hear about how the company is applying data cleansing techniq (More info...)

posted on Monday, June 11, 2007(Full story)

FastSoft Scores $4M
Monrovia-based FastSoft, a Caltech spinoff developing Internet traffic acceleration technology, announced today that it has raised $4M in a venture capital round from Miramar Venture Partners. The firm said the Series A funding will go towards accelerating sales and marketing and further product development. FastSoft is commercializing TCP/IP software algorithms that dramatically accelerate transfer of files and data over the Internet. The company's FastTCP technology is based on research out of (More info...)

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IBM Buys Telelogic
IBM announced today that it acquiring Malmo, Sweden-based Telelogic AB, a provider of software development products, in a deal worth approximately $745M in cash. Telelogic has major operations and U.S. headquarters in Irvine, California. Telelogic provides product development and modeling software used in designing complex systems, including aircraft and automobiles. Telelogic employes more than 1,100, and according to IBM had annual revnues of approximately $208M in 2006. The deal is subject to (More info...)

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MyNextDeal Inks Deal With Catylist
Thousand Oaks-based, an online vertical search engine for the commercial real estate industry, announced today that the firm has partnered with Catylist, a provider of commercial information technology for the commercial real estate market. MyNextDeal said it will aggregate and index commercial properties listed at Catylist, and will redirect queries for listings back to Catylist. MyNextDeal is an aggregator of commercial real estate listings.

posted on Monday, June 11, 2007(Full story)

Gizmo Adds AOL IM and MSN Messenger Support
San Diego-based SIPphone, the voice-over-IP software provider behind the Gizmo Project, said today that it has added AOL Instant Messenger and MSN Messenger support to its software. Users can send and receive messages, and view connectivity information with those instant messaging networks. SIPphone provides VoIP software and calling services using the SIP standard, and is headed by former founder Michael Robertson.

posted on Monday, June 11, 2007(Full story)

Yahoo Launches Celebrity Site
Yahoo said today that it has launched omg! a destination site focused on celebrities. The new web site, at, features celebrity news and information, photos, video, and news sort by celebrity. The new effort, which comes out of Yahoo! Entertainment, will tap NBC's Access Hollywood as its primary content provider.

posted on Monday, June 11, 2007(Full story)

DivX Names Halvorson As CFO
San Diego-based DivX announced Monday morning that it has hired Dan L. Halvorson as the firm's Senior Vice President and Chief Financial Officer. Halvorson was most recently CFO of Novatel Wireless. Halvorson has been at Novatel Wireless since early 2000, and has also been ad Dura Pharmaceuticals and Alliance Pharmaceuticals. DivX is a developer of video compression and decompression software.

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