Friday, June 22, 2007AltraBiofuels Raises $165.5M In Debt For Ethanol PlantsLos Angeles-based AltraBiofuels, which is developing renewable biofuel plants, said Thursday afternoon that it has raised $165.5M in debt financing for construction of two ethanol production facilities. The facilities will be located in Coshocton, Ohio and Cloverdale, Indiana. Altra is venture backed by Angeleno Investors, Khosla Ventures, Kleiner Perkins Caufield and Byers, Omninet Capital and Sage Venture Partners. The debt financing for Indiana came from AgStar and Home Federal; the debt fina (More info...)
posted on Friday, June 22, 2007(Full story)
LiveOffice Gets Investment From Summit PartnersTorrance-based LiveOffice, a provider of managed email security and archiving services, said this week that it has received a minority investment from Summit Partners. Terms of the financing were not disclosed. Greg Goldfarb and Peter Chung of Summit Partners will both join the company's board of directors. LiveOffice provides email and instant message filtering, archiving, and compliance services to the corporate market.
posted on Friday, June 22, 2007 (More)(Full story)
Kaseya Acquires VersoraSanta Barbara-based migration software provider Versora has been acquired by Kaseya, a provider of managed services software based in St. Helier, in the States of Jersey. Kaseya said Thursday that it has acquired Versora to bolder its managed services automation software. Financial terms of the acquisition were not disclosed. Versora is a provider of desktop migration software used by IT administrators to move PC settings and applications between computers. According to Kaseya, Versora's product (More info...)
posted on Friday, June 22, 2007(Full story)
Business.com Looks For BuyerThe Wall Street Journal is reporting this morning that Santa Monica-based Business.com is looking for a buyer. According to the Journal, the firm is looking to fetch anywhere from $300M to $400M from bidders that may potentially include Dow Jones & Co., and the New York Times. According to the Journal, Credit Suisse is conducting the auction of the firm. Business.com has received more than $77.5M in venture capital from Benchmark Capital, Cahners Business Information, Financial Times Group, Indu (More info...)
posted on Friday, June 22, 2007(Full story)
Update With ZAG's Scott PainterSanta Monica-based ZAG (www.zag.com) is a venture-funded firm focused on applying technology to the automotive buying industry. Founded by Scott Painter, former CEO of CarsDirect.com, the company recently bought and sold Autoland, purchased a number of automotive buying programs, and has started to scale out its operations. We caught up with Scott to talk about the progress the firm has made since its launch, and the idea behind the acquisitions the firm has done. He also showed us the firm's fu (More info...)
posted on Friday, June 22, 2007(Full story)
ITC Affirms Ruling In Qualcomm, Broadcom SpatThe U.S. International Trade Commission (ITC) has denied a request by Qualcomm to stay the recent ITC exclusion order that bans the importation of specific Qualcomm chips into the United States. LG Electronics, Verizon Wireless, Motorola, Kyocera Wireless, Samsung, Sprint Nextel, AT&T, and T-Mobile had all filed motions to stay the ITC order, which was issued on June 7th. In a ruling by the ITC released Thursday, the commission denied the motions for a stay and order. Broadcom and Qualcomm have (More info...)
posted on Friday, June 22, 2007(Full story)
Userplane Targets Facebook Developers With Revenue Share ProgramSanta Monica-based instant messaging software application provider Userplane, said this week that it is looking to sign up developers of application for Facebook in a new revenue-sharing platform. The firm has created a program called Userplane Money which will allow developers to make money from widgets they create. Developers can create widgets for Facebook which earn them a share of advertising revenue generated by Userplane. Userplane is a unit of AOL.
posted on Friday, June 22, 2007(Full story)
Endeavors Names Bondar CEOIrvine-based Endeavors Technologies, a developer of software for the thin client computing market, said earlier this week that it has named Peter Bondar as CEO of the firm. Bondar has been at Endeavors since September of 2006 as a business consultant, and has previously served at Flying-Doctors, Acorn Group plc, Arm Holdings plc, and other firms. BOndar will also become and executive director on the board of Tadpole Technology plc, the parent compan of Endeavors.
posted on Friday, June 22, 2007(Full story)
Kyocera Wireless, Puretracks Team On Mobile MusicSan Diego-based Kyocera Wireless and digital music provider Puretracks, reported this week that the two are in a collaboration to bring Puretracks' digital music store to Kyocera mobile phones. The two will allow telecom carriers to customize and create their own "white label" music stores. Puretracks licenses digital songs from independent and major record companies. Kyocera said it expects to begin shipping phones embedded with support for Puretracks in 2008.
posted on Friday, June 22, 2007(Full story)
QUALCOMM Inks Content DealsSan Diego-based wireless technology developer QUALCOMM has inked a number of content deals, saying Thursday that it has work with MLB Advanced Media, the interactive arm of Major League Baseball, and Warner Music Group on two separate content initiatives. QUALCOMM and LMB said they will use QUALCOMM's BrandXtend Signature Solution, a product which allows content providers to deliver content to mobile devices, to offer baseball content. QUALCOMM and Warner said that Warner will be developing a se (More info...)
posted on Friday, June 22, 2007(Full story)
QLogic Ships BladeCenter CardAliso Viejo-based QLogic Corp. said Thursday that it has shipped a new card for the IBM BladeCenter market. The firm said that its new Intelligent Pass-Thru Module is targeted at multi-vendor compatibility issues encountered with Fibre Channel storage area networks, and replaces existing optical pass through devices. According to QLogic, the Pass-Thru module can also be upgraded to be a full Fibre Channel switch through a software license key.
posted on Friday, June 22, 2007(Full story)