Tuesday, November 13, 2007SmartDrive Systems Steers In Another $46MSan Diego-based SmartDrive Systems announced late Tuesday that it has raised $46M in a Series D round of funding. The firm, which develops systems targeted at fleet vehicles for monitoring driver safety, said the round was co-led by Oak Investment Partners and New Enterprise Associates. Prior investors Revolution Ventures, The Founders Fund, Edelson Technology Ventures, and Western Technology Partners also participated in the funding. The firm said it now has more than 300 employees. Richard Kra (More info...)
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DivX Gets Win With Sony PlaystationSan Diego-based DivX said Tuesday morning that its video decoding technology has been adopted by Sony Computer Entertainment's Playstation 3 platform. Financial terms of the deal were not disclosed. DivX said that its technology will be integrated into the Sony PS3, through a future system software update. End user availability of the DivX support was not announced, however DivX said the technology is available to developers as part of a recently released software development kit from Sony.
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Pacific Pathway Gets FundingSolana beach-based Pacific Pathway, which manufactures emergency preparedness and personal safety products, said Monday that it has raised a round of equity financing from Highland Consumer Fund. Financial terms were not disclosed. Pacific Pathway develops retail products branded as Life+Gear and SafetyCross.
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Gorilla Nation, Panache Partner On Pre-rollLos Angeles-based Gorilla Nation and Encino-based Panache announced this morning that Gorilla Nation is adopting Panache's in-video advertising delivery technology. Financial terms were not disclosed. According to the firms, Panache's product will be used by Gorilla Nation's clients to provide pre-roll advertising in video. Gorilla nationa provides online ad sales for web sites; Panache provides video advertising technology based on profiling and behavioral targeting of viewers. Gorilla Nation i (More info...)
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Userplane Links Into Google OpenSocialSanta Monica-based Userplane, which provides web-based applications to developers, said today that it will support Google's new OpenSocial API. Google's new API is a set of common programming interfaces which allows social networking web sites to provide a standard way of accessing information about social network members. Userplane said that it will allow developers of OpenSocial applications to access its web chat, instant messaging, and other tools from within their applications. Userplane's (More info...)
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Ripple Inks Deal With BordersEl Segundo-based Ripple, which is developing a network of in-store, television and video information screens, has inked a deal with book retailer Borders. According to the firms, Borders will launch a new, in-store television network in a collaboration with Ripple. Borders said it would include exclusive, original video content which will be combined with Ripple's targeted lifestyle content within its bricks and mortar stores. The network will roll out in 15 of Border's largest markets, includin (More info...)
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Nanogen Cuts Business Line, StaffSan Diego-based Nanogen said late Monday evening that it is planning to close commercial operations of its array business, and reduce its staff by approximately 20 percent. Nanogen, which manufacturers diagnostics equipment for the health care business, announced the move shortly before announcing a loss for the quarter. According to Nanogen, it had been looking for strategic alternatives for its array business since September. The firm did not disclose how many actual employees were affected by (More info...)
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Quest Software Acquires Provision NetworksAliso Viejo-based Quest Software said Monday afternoon that it has acquired the assets of Provision Networks, a developer of presentation and desktop virtualization software. Financial terms of the deal were not disclosed. Provision Networks provides software which connects Microsoft's Terminal Services software to virtualization software such as VMware, Virtual Iron, XenSource, SWSoft, and Microsoft. Quest said that Paul Ghostine, co-founder and CEO of Provision Networks, will join Quest as par (More info...)
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