Monday, October 15, 2007Green Dot Inks Deal With Chase PaymentechMonrovia, California-based Green Dot Corporation, a provider of prepaid debit cards which is venture backed by Sequoia Capital and the Tech Coast Angels, has inked an agreement with merchant payment services firm Chase Paymentech. Chase Paymentech said that it will offer its merchants the ability to accept cash transactions by accepting Green Dot's stored value MoneyPak products. Green Dot's payment cards allow users to load cash onto prepaid cards, and are sold at retail outlets and drugstores (More info...)
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Buzznet Hires AOL Music ExecHollywood-based Buzznet, an online social networking site focused on music, said Monday that it has hired Scott Boyd, formerly the managing director of AOL Music, as the firm's General Manager of Music. Buzznet said that Boyd will be responsible for all aspects of the firm's music content, production, and programming. Boyd has also previously worked at Rebel Waltz Management and Time Bomb Recordings. Buzznet provides an online social community focused on new music; the firm is venture backed by (More info...)
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Interview with Michael Wayne, DECASouthern California has seen a surge in investments in entertainment-related, online content ventures in recent months. One of the latest companies to appear is DECA (www.deca.tv), which was cofounded by Michael Wayne and Chris Kimbell, who were both recently at Sony. DECA recently closed a round of funding from Mayfield, General Catalyst, and Atomico, the investment firm run by Skype founder Niklas Zennstrom. We spoke with Michael, who is the firm's President and CEO, about how the firm fits i (More info...)
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US SEARCH Acquired By Venture Capital FirmLos Angeles-based US SEARCH, the consumer unit of Florida-based First Advantage, has been acquired by Silicon Valley venture capital firm Highland Capital Partners. Financial terms of the acquisition were not disclosed. First Advantage said that the sale would allow it to focus on its core business offerings. US SEARCH provides online people search services and background reports based on public records; the firm's information includes information like marriage and divorce records and criminal r (More info...)
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Fabrik Launches Online Backup ServiceSanta Ana- and San Mateo-based Fabrik, the startup which purchased the storage business and brand of Santa Ana-based flash memory provider SimpleTech in May, said today that it has launched an online storage and backup software called Fabrik Ultimate Backup. The firm said that it was targeting users looking for a way to backup their photos, movies, music collections, and other documents with the new online storage offering, which the firm said will be available for $4.95 a month. The firm also s (More info...)
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Quest Adds Unix Compliance SoftwareAliso Viejo-based Quest Software announced this morning that it has tapped a Pittsburgh-based software firm to expand its Unix compliance software capabilities. Quest and PassGo Technologies said today that Quest will offer PassGo's software under its own brand, to provide its customers with Unix compliance and audit capability for user accounts. Financial terms of the deal were not disclosed. The new product will be marketed as Quest Privilege Manager for Unix.
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MediKeeper Raises Series A RoundSan Diego-based MediKeeper said late Friday that it has closed a Series A investment round, led by PacifiCap, a Hawaii-based venture capital firm. Financial terms of the deal were not disclosed. MediKeeper is a provider of web-based, electronic health records software, and was founded in 2003. MediKeeper said that as part of the funding, it will establish a research and development lab in Hawaii.
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Aristos Ships RAID ChipFoothill Ranch-based Aristos Logic said today that it has begun shipping a new, single-chip RAID product for the storage industry. Aristos said its new product, the AL3450 UltraSlice-MPX, is the third generation of the firm's RAID storage processor technology. Aristos chips are used by storage and computing manufacturers to provide RAID capability to their products. RAID is used to protect against disk drive failures in storage arrays. According to Aristos, the new chip provides support for Seri (More info...)
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Conexant Gets Win With Set Top Box ProviderNewport Beach-based Conexant said today that the firm's MPEG decoders have been selected by a Chinese manufacturer of set-top boxes. Conexant announced that Skyworth Digital will use the firm's cable set-top-box MPEG decoder for a family of digital video broadcast receivers for the Chinese marketplace. The company said the new hardware design will begun shipping in the People's Republic of China this year. Expected financial impact of the design win was not disclosed. Conexant's chips provide in (More info...)
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Arkeia Rolls Out Storage Management SoftwareSan Diego-based Arkeia Software, a provider of storage backup software, said this morning that it has released new software into general availability. The firm said that its new Central Management Server software can be used to manage the firm's EdgeFort backup and recovery appliances through a single centralized console. The new software is targeted at managing multiple appliances at remote offices. Arkeia's EdgeFort appliances are an integrated, pre-installed appliance for disk and tape backup (More info...)
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