Thursday, January 24, 2008Gamma Enterprise Technologies Acquired By ApplimationWoodland Hills-based Gamma Enterprise Technologies, a developer of enterprise data management software, has been acquired by Applimation. Chicago-based Applimation did not disclose financial details of the deal. Gamma Enterprise Technologies develops software used to develop, test and implement enhancements to SAP applications. The firm is venture backed by Arrowpath Venture Capital and Palomar Ventures.
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Mahalo Links Social Sites To ProfilesLos Angeles-based, human-powered search engine firm Mahalo has added the ability to add links on the firm's web site to Twitter, Flickr, Facebook, and LinkedIn on Thursday. The new feature, which the firm is calling "multi-profiles" allows users who have a profile on Mahalo to show information from their other social networking sites on individual tabs. Mahalo is venture backed by Sequoia Capital, Elon Musk, News Corp, CBS Corporation, and Burda Media and is headed by Weblogs founder Jason Calac (More info...)
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Banquet Acquired By USA TodayPasadena-based Banquet, which operates the BNQT.com and the Cold War Collective action sports ad network, has been acquired by USA TODAY. USA TODAY did not disclose financial terms of the acquisition. BNQT.com offers an action sports video community focused on skateboarding, snowboarding, surfing, motocross, and other action sports. According to USA Today, the management of Banquet will continue in their current roles, and will remain in Pasadena, California.
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MySpace Names Berman EVPLos Angeles-based social networking web site MySpace said Thursday that it has named Jeff Berman as the firm's Executive Vice President of Marketing and Content. Berman has been at MySpace since 2006, and was most recently General Manager of the company's MySpaceTV effort. MySpace said that Berman will spearhead the development and implementation of marketing initiatives and campaigns for MySpace. Berman reports to Chris DeWolfe, CEO and co-founder of MySpace.
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CallWave Cuts Nearly Half Of StaffSanta Barbara-based CallWave, a provider of mobile and voice applications and FAX services, said today that it has cut nearly half of its staff in an attempt to "realign its operations." The firm said it will reduce it headcount by 48 percent. CallWave did not specify the exact number of employees affected by the cuts, but the firm employed 113 as recently as June of 2007. According to a filing with the SEC, the cuts included several executives, including the firm's VP of Operations, David Trand (More info...)
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MySpaceTV Signs Deal With BBC WorldwideLos Angeles-based social networking web site MySpace said today that it has signed a deal with BBC Worldwide, the commercial arm of BBC, to provide both new and archived content to MySpaceTV. According to the firms, BBC video content will be made available online via MySpaceTV, and MySpace will feature a BBC Worldwide video channel for its content. Financial terms of the deal were not disclosed. The short form content from BBC will include clips from Doctor Who, Robin Hood, Torchwood, The Cather (More info...)
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Autobytel Sells Unit For $22.75MIrvine-based Internet marketer Autobytel said this morning that it has sold its AVV data extraction and customer relationship management (CRM) business to Dominion Enterprises. The deal is worth $22.75M in cash. According to Autobytel, the move to sell the unit is part of a strategy to divest its non-core operations. AVV is based in Columbus, Ohio, and develops software under the name "Web Control" used for managing sales prospects and customer relationships at automotive dealers. Autobytel said (More info...)
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Epicor Gets Hart-Scott-Rodino Clearance On AcquisitionIrvine-based Epicor said today that it has received notification from the Federal Trade Commission of early termination of the waiting period for its acquisition of NSB Retail Systems PLC. The Hart-Scott-Rodino Act waiting period was one of the hurdles in its deal for UK-based NSB Retail. Epicor said the deal is steal subject to court approval. Epicor said in December it would be NSB Retail Systems, a developer of software for retailers, for $322M.
posted on Thursday, January 24, 2008(Full story)