Wednesday, February 20, 2008
Brad Greenspan Launches
LiveUniverse, the company run by Brad Greenspan, the former head of Intermix, which was the parent company of MySpace, launched, a new video sharing and streaming web site today. According to LiveUniverse, will provide social networking, video hosting, and live streaming of video, along with management of blogs and other social networking sites. The site is similar to offerings from and, offering users the opportunity to stream directly from (More info...)

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BioIQ Raises $2.5M
Santa Barbara-based BioIQ, which develops healthcare information technology, said Wednesday that it has raised $2.5M in a Series B funding. The round was led by Great Pacific Capital. According to BioIQ, Dave Gross of Great Pacific will join the firm's board as part of the funding. BioIQ is developing biometric monitoring and other services for healthcare wellness programs. Great Pacific is the venture firm managed by Dave Gross, founder of Fastclick.

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VantageILM Gets Investment
Pasadena-based VantageILM, which provides software for managing loan origination, servicing, collections, accounting, and other functions for finance firms, banks, leasing companies, and credit unions, said Wednesday that it has raised a round of venture capital from Momentum Venture Management. Financial terms of the investment were not disclosed. As part of the funding, Andy Wilson of Momentum Venture Management has been appointed interim CEO of the firm. VantageILM has previously raised fundi (More info...)

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Social Platform Acquired By Oklahoma Firm
Los Angeles-based Social Platform, a developer of white label, social networking software, has been acquired by Oklahoma City-based ONEsite Inc. Financial terms of the acquisition were not disclosed. ONEsite said that it will use the acquisition to extend its footprint to the West Coast. Social Platform was founded by Eric Schlissel.

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Ocera Raises $35.5M
San Diego-based Ocera Therapeutics said today that it has raised $35.5M in a Series C funding round. The investment was led by Montagu Newhall Associates, and also included InterWest Partners, AgeChem Venture Fund, Cross Creek Capital, FinTech, and CDIB BioScience, along with prior investors Domain Associates, Sofinnova Ventures, and Thomas, McNerney & Partners. According to the firm, the round brings the company's total raised to $62M. Linda Grais of interwest joins the firm's board as part of (More info...)

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Guidance Execs In Buyout
Marina Del Rey-based Guidance, a provider of application development, system integration, and other services, said today that the firm's CEO and CTO have purchased the company from its original founders. Financial terms of the deal were not disclosed. According to Guidance, Jason Meugniot, CEO of the firm, and Jon Provisor, CTO of the company, purchased the firm from founders Joe Tang, T.K. Pillan and Vijay Kotrappa. The founders remain as minority shareholders in the privately owned company.

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Power-One Appoinits New CEO
Camarillo-based Power-One, a manufacturer of power supplies, said Tuesday that Richard J. Thompson has been appointed CEO of the firm, after former CEO William T. Yeates resigned. Thompson serves on Power-One's board of directors, and previously was CFO of American Power Conversion (APC). Thompson also served at CEO of Artesyn Technologies. Power-One did not give a reason for the departure of Yeates, saying only that Yeates has left the company and its board to "pursue other personal interests." (More info...)

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Ixia Names VPs
Calabasas-based Ixia, a developer of network test systems, has appointed two new vice presidents at the firm. Ixia said that it has named Maik Lankau as the firm's Vice President Business Development and Global Alliances, and appointed Naveen Bhat as Vice President of Sales for Asia and Japan. Lankau was most recently Senior Vice President of Worldwide Sales and marketing at Allied Telesis; Bhat was previously an independent consultant, was VP and GM of Agilent's Asia operations, and also served (More info...)

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