Monday, July 16, 2007Semiconductor Group Appoints Decker As ChairmanNewport Beach-based Conexant's Dwight Decker has been appointed as Chairman of the FSA, an industry group focused on fabless semiconductor firms. The FSA said that Dr. Decker will further the FSA's strategic direction and execute on the Association's vision. Decker has previously served as Chairman and CEO of Conexant, and also served at both Rockwell International and Rockwell Semiconductor Systems. Decker takes the reigns from Dr. Sanjay Jha, chief operating officer of QUALCOMM and president o (More info...)
posted on Monday, July 16, 2007(Full story)
Interneer Appoints VPsLos Angeles-based Interneer said Monday that it has appointed two new vice presidents. The firm has added Jack Karabees as Vice President of Sales, and Patricia Spencer as Vice President of Marketing. Karabees joins the firm from Hudson Capital; he has also served at Katalyst Securities, eLabor, and Data Net Corporation. Spencer joins the firm from Groundwork Equity; she has formerly served at Body by Jake Enterprises. Interneer develops web application software used for developing business appl (More info...)
posted on Monday, July 16, 2007(Full story)
Amgen Completes Alantos AcquisitionThousand Oaks-based Amgen said Monday afternoon that it has closed its acquisition of Alantos. Alantos is developing drugs for the treatment diabetes and inflammatory diseases. The deal was worth $300M in cash, and was originally announced in early June. Alantos is based in Cambridge, Massachusetts. Amgen said today that the transaction provides Amgen with Alantos's DPP-IV inhibitor in clinical development for the treatment of type II diabetes as well as its matrix metalloproteinases platform fo (More info...)
posted on Monday, July 16, 2007(Full story)
Interview with Brett Weinstein, CEO of 60FramesBrett Weinstein is CEO of 60Frames (www.60frames.com), a newly funded company which is looking to connect Hollywood with the Internet. The company just received $3.5M in venture funding from Tudor Investor Corp. and the Pilot Group last week. Brett was most recently head of the United Talent Agency's digital media efforts. We spoked with Brett shortly after the funding to talk about the idea behind the firm, and what it is hoping to do. Ben Kuo conducted the interview.
What's the idea behind (More info...)
posted on Monday, July 16, 2007(Full story)
myShape Closes Series B From DFJPasadena-based myShape, an online clothing shopping firm, announced today that it has closed a Series B round of funding led by Draper Fisher Jurvetson. Amount of the investment was not disclosed. myShape is developing an online, apparel shopping service targeted at busy women. Emily Melton of DFJ, Dave Berkus of the Tech Coast Angels, and Peter D. Whitford, former President Worldwide of the Disney Store and Chairman/CEO of Wet Seal, have joined the firm's board of directors as part of the inves (More info...)
posted on Monday, July 16, 2007 (More)(Full story)
Arkeia Software Lands $3M In Series BCarlsbad-based Arkeia Software announced today that it has received $3M in a Series B equity funding round, from SPEF Ventures (Banque Populaire) and Credit Agricole private equity. Arkeia Software is a provider of backup and data protection software for the SMB and enterprise market. Arkeia said that the new funding will go towards expanding product research and towards it operations. In conjunction with the funding, Arkeia said it has hired Philippe Tiennot as its Chief Operation Officer, and (More info...)
posted on Monday, July 16, 2007 (More)(Full story)
DJO Acquired By ReAble TherapeuticsSan Diego-based DJO Incorporated, a maker of orthopedic rehabilitation and pain management products, and Austin, Texas-based ReAble Therapeutics, said today that ReAble will acquire DJO in a $1.6B merger. An affiliate of ReAble will acquire all of the outstanding shares of DJO for $50.25 per share, in a deal that will be funded by private equity firm The Blackstone Group. Blackstone is the controlling shareholder of ReAble. ReAble Therapeutics provides orthopedic medical devices.
posted on Monday, July 16, 2007(Full story)
DynaPump Raises $12MNorthridge-based DynaPump, a manufacturer of equipment for the oil and gas industry, said today that it has raised $12M in a Series C round of equity financing. The round of convertible preferred equity financing came from DFJ Element, which led the round, along with NGP Energy Technology Partners and Chevron Technology Ventures. DynaPump is a manufacturer of surface mountained artificial lift systems for the oil and gas industry, used by oil well companies. The firm said that its product provid (More info...)
posted on Monday, July 16, 2007 (More)(Full story)
ValueClick Acquires MeziMediaWestlake Village-based ValueClick announced this morning that it has agreed to buy Los Angeles-based MeziMedia, operator of the Smarter.com and CouponMountain.com comparison shopping web sites. The deal is worth approximately $100M in cash, plus earn out. According to ValueClick, depending on revenue performance, the deal could be worth as much as $352M in cash. MeziMedia will add to ValueClick's comparison shopping business, which currently also includes PriceRunner. The firm also said that the (More info...)
posted on Monday, July 16, 2007(Full story)