Monday, August 20, 2007Venture Vehicles Finds $6MLos Angeles-based Venture Vehicles, a company developing a three-wheel electric and hybrid vehicles, has raised $6M in a Series A funding. The funding came from NGEN Partners. Steve Parry of NGEN joins the firm's board as part of the funding.
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Visual Sciences, NetRatings Settle Patent LawsuitsSan Diego-based Visual Sciences, an online provider of web analytics software, said today that it has settled patent litigation between the firm and NetRatings. The companies have been engaged in a patent lawsuit since February of 2006, over technology used in web analytics services. According to Visual Sciences, it will pay NetRatings $9.0M, and that the firms have engaged in a non-exclusive, worldwide license to patents owned by each party. The deal includes $2.0M on execution of the settlemen (More info...)
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CardioNet Files For IPOSan Diego-based CardioNet has filed for an IPO, saying in a filing with the SEC Friday that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market. The firm, which is looking to trade under the symbol BEAT, develops medical devices used for monitoring patient health and heart arrhythmia. The IPO is being underwritten by Citi, CIBC World Markets, and SunTrust Robinson Humphrey. The firm is backed by Boston Scientific, Sanderling Ventures, H&Q Healthcare Investors, BioFrontier, a (More info...)
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CircleUp Rolls Outlook ToolbarNewport Beach-based CircleUp said today that it has made a new downloadable toolbar available for Microsoft Outlook. The firm said that the new software integrates the company's service with Outlook. CircleUp is developing a Web 2.0-style communications service that allows users to track answers from friends, co-workers, and groups for planning events, getting suggestions, and other information. The firm is looking to reduce email volume and make it easier for people to share and track email res (More info...)
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PC Mall Buys IT ProviderTorrance-based PC Mall said this morning that it ha agreed to acquire SARCOM, an IT solutions provider, in a deal worth $55M. PC Mall, which sells hardware and software to businesses and consumers, said that the deal is made up of $47.5M in cash plus $7.5M in stock. According to PC MAll, SARCOM will become a wholly-owned subsidiary of PC Mall, and the deal is expected to close in Q3 of this eyar. SARCOM is headquartered in Columbus, Ohio, and had approximately $248M in revenues for the year ende (More info...)
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Reunion.com Connects With ZoomInfoLos Angeles-based Reunion.com, the online website focused on connecting users with families and friends, said today that it has partnered with ZoomInfo. According to the companies, ZoomInfo will expand Reunion.com's search results with profiles of people and businesses; the deal is expected to help users to find more information on people through ZoomInfo's web crawlers. Financial terms of the deal were not disclosed. Reunion.com provides a search engine to help people find old friends, relativ (More info...)
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Epicor Expands In Latin AmericaIrvine-based Epicor Software, a provider of business software, said today it has inked new alliances in Chile and Columbia to expand its presence in Latin America. the provider of software used for enterprise resource planning, supply chain management, and customer relationship management said that it has linked with Technology Coast Partners (TCP) in Chile, and Ability Data in Columbia, to offer its products to those companies. Epicor said that it already employs nearly 250 people in Latin Amer (More info...)
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QLogic Gets IBM SVC CertificationAliso Viejo-based QLogic announced this morning that it has certified the firm's enterprise-class Fibre Channel switches with IBM's popular storage virtualization product, IBM SAN Volume Controller. QLogic, which manufactures equipment used to network storage products with servers, said that the certification included its SANbox 9000 Series and SANbox 5600 Fibre Channel switches. IBM's SAN Volume Controller product is used by IT operations to provide "virtual" storage, used for storage consolida (More info...)
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8e6 Appoints Sales VPOrange, California-based 8e6, which develops web filtering software, said today that Luis Curet has been appointed as VP of Sales. Curet joins the firm from Clearpath Networks, where he was a Senior Vice President. Curet has also served at Rainbow Technologies and IBM. 8e6 develops web filtering software used by companies to control access to the Internet; the company also provides security threat management products.
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