Friday, February 8, 2008WebMessenger Re-Acquired By FoundersLos Angeles-based WebMessenger, a provider of software for connecting business applications with mobile devices, said Friday that it has acquired Apptix WebMessenger, a subsidiary of Apptix, Inc. Financial terms of the deal were not disclosed. Apptix had acquired WebMessenger in April of last year in a $7M acquisition. The firm said that the original founders of WebMessenger--Val Babajov, Joe Naylor, and George Emilov--reacquired the firm and will continue to lead the company. Reasons for the th (More info...)
posted on Friday, February 8, 2008(Full story)
United Online Breaks Out Classmates Results, Continues To Eye IPOWoodland Hills-based United Online said Thursday as part of its quarterly earnings releases that it will begin breaking out financial results from the firm's Classmates Media business, as the firm continues to eye an IPO of the unit. United Online, withdrew its IPO of Classmates in December, citing market conditions. In its earnings release Thursday, United Online said that it remains its strategy to complete an IPO of its Classmates unit. In addition, United Online said that it would begin all (More info...)
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Gorilla Nation Hires CFOLos Angeles-based Gorilla Nation announced today that the firm has hired Bill Foltz as CFO of the online advertising firm. Foltz joins the firm from Sports Business Ventures, where he was Partner and Managing Principal. Sports Business Ventures is an early stage venture capital and advisory firm focused on sports-related investments. Foltz has also previously served at Roll International, Platinum Equity Capital, and was CFO of the Los Angeles Dodgers, in addition to work at Ernst & Young. Goril (More info...)
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Interview with Ken Hayes and Gary Mittman, Nami Media
We recently caught up with Ken Hayes and Gary Mittman of Nami Media (www.namimedia.com), a local Internet advertising firm that has been funded by the Pasadena Angels and recently selected as Finalist for the PriceWaterhouseCoopers Entretech Award. We thought we'd hear a bit about what Nami does, and also get some insight into the firm’s experience with angel investors. Ken Hayes is President of the firm and a member of the Pasadena Angels; Gary Mittman is CEO and co-founder.
Where in the (More info...)
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Central Desktop Boosts Obama California CampaignPasadena-based Central Desktop, which offers an online service for project collaboration, said today that the firm's services were selected by The Barack Obama Presidential Campaign to support its California state-wide field operations. According to Central Desktop, its tools were used by the Obama campaign team to share information with precinct captain volunteers to get voters to the polls. Central Desktop develops web-based, software-as-a-service which allows teams to share documents, informa (More info...)
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ViaSat Names Wildblue's Moore As VPCarlsbad-based ViaSat, which develops equipment for the networking and satellite communications market, said today that it has named Tom Moore as the firm's Senior Vice President and President of its new Ka-band broadband satellite initiative. Moore is the co-founder, director, and former president and CEO of Internet-via-satellite firm WildBlue Communications. moore was most recently a principal at TimesArrow, a venture capital firm located in Denver. ViaSat's Ka-band broadband satellite effort (More info...)
posted on Friday, February 8, 2008(Full story)