Tuesday, July 10, 2007HireRight Sets IPO TermsIrvine-based HireRight, a provider of employment screening software and services, said in a filing with the SEC Tuesday that it expects to price its initial public offering at between $15.00 and $17.00 per share. HireRight is looking to offer up to 4.375M shares on the Nasdaq Global Market under the symbol "HIRE", in an IPO underwritten by Credit Suisse, Robert W. Baird & Co., CIBC World Markets, Piper Jaffray, and William Blair & Company. HireRight is venture backed by Baird Venture Partners, D (More info...)
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GloNav Expands Management TeamNewport Beach-based GloNav has expanded its executive team, saying yesterday that it has hired Paul Hansen, Ph.D. as the firm's new Vice President of Customer Design and Support. Hansen joins from CSR plc, and also was at Cambridge Positioning Systems. GloNav is a developer of GPS semconductors and other components for satellite navigation, and is backed by Atlantic Bridge Ventures.
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WFI Sells Deployment BusinessSan Diego-based WFI said this morning that it has agreed to sell its wireless deployment business to a private equity firm. WFI said it will sell its wireless deployment business to Platinum Equity, a Los Angeles-based private equity firm. The deal is worth $24M, made up of $18M in cash plus $6M in a three year earnout. The deal includes 450 staff throughout the United States. According to WFI, as a result of the transaction plus earlier divestitures of its wireless related businesses, the firm (More info...)
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Yardi Systems Buys Supply Chain ProviderSanta Barbara-based Yardi Systems, a developer of asset and property management software, said today that it has acquired Austin, Texas-based SiteStuff. SiteStuff is a provider of online procurement and supply chain management services for the commercial real estate market. Financial terms of the deal were not disclosed. Yardi said that SiteStuff will remain in Austin with its existing management team, and operate as a stand-alone company.
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LRN Acquires UK E-Learning FirmLos Angeles-based LRN, a provider of online ethics and compliance training programs, said today that it has acquired Fuel, an e-learning company based in the U.K. Financial terms of the acquisition were not disclosed. LRN said that the firms will integrate their offerings and operations in Los Angeles, New York, London, and India. LRN also said the acquisition will give it expanded ethics and compliance education for the European workforce and marketplace, along with an expanded research and dev (More info...)
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Snap.com Adds Firefox Browser Add-OnPasadena-based Snap Technologies, the Idealab search engine and widget firm, said today that it has added a new Firefox add on which automatically adds the firm's web preview and other information to web pages. Snap said that the new Firefox web browser add-on will be followed by support for Internet Explorer and other browsers in coming weeks. The widget shows previews of web sites and other pertinent information when a user hovers over a web link. Previously, owners of a web site would have ne (More info...)
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TripUp Acquired By SideStepSanta Clara-based SideStep, an online travel search aggregator, said today that it has acquired Los Angeles-based TripUp, in a deal that completed July 2nd. Financial terms of the acquisition were not disclosed. TripUp is an online social networking and community site focused on travel, and includes user-generated blogs, photos, videos, maps, and reviews of travel destinations. SideStep said it will integrate TripUp's social and community features into its services. TripUp was launched in Augus (More info...)
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Emulex Gets Win At 3LeafCosta Mesa-based storage area networking equipment provider Emulex has scored a win with 3Leaf Sytsems, a startup in the server virtualization space. 3Leaf said today that it is working with Emulex to use its Host Bus Adapters (HBAs) in 3Leaf's products. Terms of the design win were not announced, however 3Leaf said that it will use the Emulex hardware to provide connections to storage networks. 3Leaf is developing server virtualization products targeted at enterprise data centers, and is ventur (More info...)
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Xirrus Teams With BYU-Idaho On PatentWestlake Village-based Xirrus, a developer of wireless devices, said today that it has teamed up with Brigham Young University-Idaho on a patent submission. Xirrus said that the patent covers automated testing and self-healing for the firm's Wi-Fi arrays, and is a result of a large deployment of the firm's arrays at the BYU-Idaho campus. The patent is still pending and has not yet been granted by the patent office. Xirrus is a developer of wireless array hardware.
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