Wednesday, December 19, 2007Prometheus Files For $100M IPOSan Diego-based Prometheus Laboratories, a specialty pharmaceutical company focused on detection, diagnosis and treatment of gastrointestinal diseases and disorders, said Wednesday in a filing with the SEC that it is looking to raise up to $100M in an IPO. The IPO is being underwritten by Goldman, Sachs & Co. , Credit Suisse, Banc of America Securities, Cowen and Company, and Pacific Growth Equities. Prometheus is backed by DLJ Merchant Banking, Split Rock, Sprout Capital, Apax Partners, Wachovi (More info...)
posted on Wednesday, December 19, 2007(Full story)
Ticketmaster, NHL Partner On Ticket Resale ServiceWest Hollywood-based Ticketmaster, the ticketing service owned by Barry Diller's IAC, and the National Hockey League said Wednesday afternoon that the two have entered into a multi-year agreement to create a ticket resale service for the NHL. Financial terms of the deal were not disclosed. Ticketmaster will provide a site which will allow NHL fans to buy or sell NHL tickets, with initial services available this season and full launch in the 2008-09 season. The deal follows a similar deal announc (More info...)
posted on Wednesday, December 19, 2007(Full story)
Intuit to Acquire Electronic Clearing House, AgainMountain View-based Intuit and Camarillo-based Electronic Clearing House announced Wednesday afternoon that the two companies have signed a definitive agreement for Intuit to acquire Electronic Clearing House. The deal is worth approximately $131M, and is worth $17.00 in cash for each share of ECHO common stock. Electronic Clearing House provides electronic payment processing, including credit card and check processing and ACH services. The deal is the second for the two firms, after an aborted (More info...)
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Novelics Doubles SpaceAliso Viejo-based Novelics, a developer of embedded memory circuit IP for the semiconductor industry, said Wednesday morning that the firm has moved into new facilities, which are twice as large of the firm's current headquarters. The firm is moving into 85 Enterprise, which is also home to Buy.com and DATAllegro. The firm said the new space will enable it to hire additional employees, and is approximately 8,000 square feet.
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Nirvanix Gets Investment From Intel CapitalSan Diego-based Nirvanix announced Wednesday morning that it has added Intel Capital as an investor in the firm. Financial terms of the investment were not disclosed. Nirvanix is a developer of an Internet storage service which is accessible through APIs and third party developers, which competes head to head against Amazon's S3 storage service. Nirvanix said that the investment will go to further accelerate its global build-out. Nirvanix has previously received funding from Mission Ventures, Va (More info...)
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Interview with Russell Stern, SolarflareRussell Stern is the President and CEO of Solarflare Communications (www.solarflare.com), a venture backed firm developing 10G Ethernet network interface cards and silicon. The firm is one of the only firms with 10GBASE-T PHY technology--which allows 10G Ethernet over standard, twisted pair copper, instead of optical connections--and Stern says it is the only one working in production. Stern has had a wealth of experience in the industry--he is the former CEO and President of JNI Corporation, wa (More info...)
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Jacked Expands Deal With NBC Sports, Discloses FundingSanta Monica-based Jacked, a venture backed startup developing web applications publishing tools for the broadcast media industry, said today that it has expanded its partnership with NBC Sports and NBCSports.com. Jacked said it will power the NBCSports.com Play Action for "Sunday Night Football" broadcasts. NBC will use Jacked's publishing platform, to provide statistics and other real-time content to the site. Jacked also disclosed that it has raised $6.5M from Provenance Ventures, Core Capita (More info...)
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National Lampoon Takes Stake In Social Networking SiteLos Angeles-based National Lampoon, a provider of comedy content for the film, television, audio, and book publishing markets, said Tuesday that it has taken an equity stake in Montreal-based Capazoo. Capazoo operates an online social networking and user-generated video site. Terms of the investment by National Lampoon were not disclosed. According to National Lampoon, the deal calls for it to provide online video content and branded marketing opportunities to Capazoo. National Lampoon said that (More info...)
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Novacoast Buys IT Consulting FirmSanta Barbara-babsed Novacoast, a provider of IT services and product development, said Tuesday that it has acquired an IT consulting firm, Eiseman Consulting Group Inc. and RazorShark Technologies, LLC. Eiseman Consulting is an IT consulting provider in New York, focused on email and Novell Groupwise. RazorShark Technologies is a subsidiary of Eiseman Consulting Group. Financial terms of the acquisition were not disclosed. Eiseman Consulting serves both New York and New Jersey.
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SheKnows Buys LovingYou.comLos Angeles-based online women's web site SheKnows.com, which is owned by AtomicOnline, said Tuesday that it has acquired LovingYou.com, an online marriage and relationship web site. Financial terms of the deal were not disclosed. According to SheKnows, LovingYou.com is targeted at women ages 18-25 and has almost half a million unique visitors per month and 12M pageviews, with a focus on relationships. SheKnows operates a site which provides articles and information on pregnancy, parenting, and (More info...)
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Emulex Gets Design Win With HPCosta Mesa-based Emulex, a provider of host bus adapters and switches for the storage networking market, said today that its host bus adapters have been qualified for use in HP Integrity rx7640 and rx8640 mid-range servers. The firm's IOC 3532 chips are powering HP-branded, Fibre Channel adapters used for HP'x HP-UX 11i and OpenVMS operating systems running on those systems. HP has both a single-channel and dual-channel HBA which uses the Emulex silicon. Emulex is a developer of host bus adapter (More info...)
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Alelo Language Training System Gets AwardLos Angeles-based Alelo, the University of Southern California spinoff which is using computer video game technology to train the military in Iraqi language and culture, said earlier this week that its product has won an award from a defense conference. The firm's product, Tactical Iraqi, uses interactive game technology to teach both Iraqi Arabic as well as cultural norms to the armed forces, and is being used by the U.S. military to train its troops before deployment to Iraq. The firm also has (More info...)
posted on Wednesday, December 19, 2007(Full story)