Friday, September 7, 2007Mad Catz Interactive Buys Take-Two UnitSan Diego-based Mad Catz Software has purchased a unit of Take-Two Interactive Software, the gaming software maker, in a deal worth approximately $3.7M. Mad Catz and Take-Two said that Mad Catz has purchased Take Two's Joytech video game accessories subsidiary. Mad Catz said that it expects the acquisition to add at least $10M in annual revenues to the firm. Joytech is headquartered in in Windsor England and New York City.
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Interview with Bob Bova, CEO of Vangard Voice SystemsIn our continuing interview with local high tech companies, we spoke with
Bob Bova,CEO of Rancho Santa Margarita-based Vangard Voice Systems (www.vangardvoice.com). Vanguard Voice is venture-backed by Berkshire Ventures, and develops software for the voice recognition market. Ben Kuo spoke with Bob.
What does Vangard Voice provide, and what are your products?
Bob Bova: Basically we provide a voice intelligent middleware which connects voice recognition engines to data applications. So, y (More info...)
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NeoMatrix Gets Series CIrvine-based NeoMatrix, a developer of breast cancer screening tests, said earlier this week that it has closed a Series C round of equity financing. Amount of the funding was not given. NeoMatrix is developing a screening test which looks for atypical ductal hyperplasia (ADH), a biomarker that is a precursor to breast cancer. No further details of the funding were released.
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Regulus Therapeutics Gets FundingCarlsbad-based Regulus Therapeutics, a newly formed joint venture of Alnylam Pharmaceuticals and Isis Pharmaceuticals, said Thursday evening that it has received funding to develop and commercialize microRNA therapeutics. The new joint venture combines intellectual property from Isis and Alnylam, and will be funded with an initial $10M investment by Alnylam. The new firm will is looking to develop new therapeutics based on microRNA (miRNA), which regulate networks of genes.
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Leap Wireless To Review MetroPCS ProposalSan Diego-based communications provider Leap Wireless said Friday morning that it will consider the unsolicited proposal the firm received earlier this week from MetroPCS. MetroPCS offered to buy Leap Wireless for roughly $5.4B in stock on September 4th. Leap said that it has engaged Goldman, Sachs & Co. and Jeffrey Williams & Co. as financial advisors on the deal. Separately, Leap said that its CFO, Amin Khalifa, has resigned from the company to pursue other interests, and CEO and President Dou (More info...)
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Qualcomm Links With TeamCastSan Diego-based Qualcomm said today that it has licensed its MediaFLO platform software to TeamCast, a French company developing equipment for original equipment manufacturers. Qualcomm said that the agreement enables TeamCast to accelerate development of equipment for mobile TV transmissions. MediaFLO is Qualcomm's protocol for mobile television broadcasts; TeamCast develops products for the wireless communications industry and broadcast digital television market. Terms of the license were not (More info...)
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Cogent Systems Settles Patent SuitSouth Pasadena-based Cogent Systems, a provider of biometric systems and fingerprint readers, said Thursday that it has settled a patent suit against UPEK Inc., a competing biometrics firm. Cogent said that it has reached a licensing agreement with UPEK for the use of its technology;, but did not disclose financial terms. Cogent had sued UPEK for patent infringement in May over U.S. Patent 6,002,815.
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iStor Appoints Daly CEOIrvine-based iStor Networks has tapped the former CEO of Avamar Technologies, Kevin C. Daly, as its new CEO, the firm said earlier this week. Daly was Chairman of iStor's board of directors. Daly has served as CEO of Avamar Technologies, and also was CEO of ATL Products, and subsequently CEO of Quantum/ATL when it was acquired by Quantum in 1998. Daly was most recently CEO of MAXxess Systems. iStor said that founder Simon Huang has become Chief Operating Officer at the firm. iStor is developing (More info...)
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Kofax Gets Win With Apartment ProviderIrvine-based Kofax, a provider of document capture software, said Thursday that the firm has signed on Oakwood Worldwide, a provider of corporate apartments and temporary housing as customer. Kofax said that Oakwood has implemented the firm's invoice processing system as part of an effort to automate processing of utility bills. Financial terms of the win were not released. Kofax said that Oakwood processes tens of thousands of utility bills each month from more than 25,000 temporary housing re (More info...)
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Vitesse Inks Interop Deal With Dune NetworksCamarillo-based Vitesse Semiconductor and Sunnyvale-based Dune Networks have inked an integration deal, saying Thursday morning that the two companies will tie together Dune's networking devices with Vitesse Ethernet MAC chips. Dune is a provider of Ethernet aggregation appliances for acarriers and the enterprise; Vitesse is a supplier of Ethernet MAC and other communications and storage chips.
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