Friday, December 21, 2007Ticketmaster Gets Approval On Paciolan AcquisitionWest Hollywood-based Ticketmaster, the ticketing firm owned by IAC, said Thursday afternoon that it has been granted early termination of the HSR waiting period by the FTC for its acquisition of Irvine-based Paciolan. Ticketmaster had announced its acquisition of Paciolan in July. No financial terms of the acquisition have been disclosed. Paciolan is a provider of online ticketing software. According to Ticketmaster, Paciolan will continue to be headed by its CEO, David Butler, and the firm will (More info...)
posted on Friday, December 21, 2007(Full story)
MTI Europe Acquired By Garnett & Helfrich CapitalPrivate equity firm Garnett & Helfrich Capital said today that it has acquired MTI Europe, the European branch of bankrupt storage value added reseller MTI. Financial terms of the buyout were not disclosed. The sale came as part of a court-supervised bankruptcy auction. Tustin-based MTI file for bankruptcy in October and had laid off most of its employees. According to Garnett & Helfrich Capital, it purchased MTI Europe from MTI Technology, and has also acquired MTI Technology Corp's brand and t (More info...)
posted on Friday, December 21, 2007(Full story)
DivX Loses Greenhall From BoardSan Diego-based DivX said Thursday afternoon that Jordan Greenhall has resigned from the firm's board of directors. No reason for the resignation of Greenhall, who was the founder of DivX, was given. According to DivX, the firm's baord of directors will discuss the vacancy and appointment of a new Chairman at its next meeting. Grenhall had headed Stage6, a DivX spinoff which allows users to upload and view user-generated video. In conjunction with the resignation, DivX said that it expects to ta (More info...)
posted on Friday, December 21, 2007(Full story)
GloNav Acquired By NXP Semiconductors For $110MNewport Beach-based GPS semiconductor firm GloNav is being acquired by NXP Semiconductors, a Netherlands-based semiconductor firm. NXP Semiconductors said it will pay $85M in cash plus up to $25M in milestone payments for GloNav, which develops global positioning system chips and satellite navigation systems. According to NXP, the deal is expected to close in the first quarter of 2008. GloNav is a spinout of Ceva, and was venture backed by Atlantic Bridge Ventures; the firm received $16.2M in ve (More info...)
posted on Friday, December 21, 2007(Full story)
Occam Gets Win In GuamSanta Barbara-based broadband equipment provider Occam Networks said Thursday that it has been selected by GTA TeleGuam, based in Guam, for a major upgrade of the telecommunications firm's network. Financial impact of the deal was not disclosed. Ocamm said that GTA TeleGuam is Guam's largest telecommunications provider. Occam Networks is a provider of broadband equipment used by telecommunications firms to deploy voice, data, and video services. According to Occam, the Guam deployment covers 10, (More info...)
posted on Friday, December 21, 2007(Full story)