Tuesday, March 4, 2008
MADISON STREET PARTNERS - Planning Your Company's Next Move
Click on the link below to see "This Week's Notable Subleases in Orange

These sublease opportunities have been hand selected from various
commercial databases as being among the most competitive in today's
marketplace. For more information, please contact Paul via email
paul@madisonstreetpartners.net or directly at (949) 468-2243.

Ex-Broadcom VP Settles With SEC
The Securities and Exchange Commission reported Tuesday afternoon that the former vice president of human resources at Broadcom Corporation, Nancy M. Tullos, has agreed to pay more than $1.3M plus a civil penalty of $100,000 for her involvement in the stock options backdating at Broadcom. According to the SEC, the payment will be offset by the value of her exerciseable stock options that Broadcom cancelled. Tullos had been charged by the SEC for participating in a scheme to backdate stock option (More info...)

posted on Tuesday, March 4, 2008(Full story)

Demand Media Buys Pluck
Demand Media, the online media firm headed by former MySpace chairman Richard Rosenblatt, said today that it has acquired Pluck, a provider of social media software for publishing firms. Austin, Texas-based Pluck's software is used by Reuters, Hearst, Gannett/USA TODAY and other publishers to find and feature blog posts. Financial terms of the acquisition were not disclosed. Pluck was founded in 2003. Demand Media has raised over $350 million in venture funding for its social media efforts.

posted on Tuesday, March 4, 2008(Full story)

LiveVideo Acquires Revver
West Hollywood-based LiveVideo.com, the online video site run by former Intermix CEO Brad Greenspan, said today that it has acquired user generated video sharing site Revver. Financial terms of the deal were not disclosed. According to Livevideo.com, which is a subsidiary of LiveUniverse, Brad Greenspan will oversee strategy and expansion initiatives for both LiveVideo.com and Revver.com. LiveVideo said that Revver.com is hosting over 40 million video streams a month. Both sites will continue to (More info...)

posted on Tuesday, March 4, 2008(Full story)

Spot Runner Acquires Weblistic
Los Angeles-based Spot Runner said Tuesday that it has acquired Weblistic, a provider of online marketing solutions for local businesses. Financial terms of the deal were not disclosed. According to Spot Runner, the acquisition was an all stock transaction. Spot Runner provides an online service which allows local businesses to buy television and radio advertising, along with pre-produced, customized advertising spots. Spot Runner said the acquisition will complement its online expertise and off (More info...)

posted on Tuesday, March 4, 2008(Full story)

Iomega Ups REV Capacity To 120GB
San Diego-based data storage firm Iomega said Tuesday that the firm has upped the capacity of the firm's REV removable hard drives to 120GB. The firm said that the new drives are expected to be available in April. Iomega's REV removable drives previously supported up to 70GB of data storage on a single cartridge. The new drives will be available in extrenal USB 2.0 and internal SATA interfaces. Iomega is a developer of external hard drives, storage arrays, and other storage related products and (More info...)

posted on Tuesday, March 4, 2008(Full story)

iRise Adds $20M For Simulation Software
El Segundo-based software firm iRise said this morning that it has raised an additional $20M in an investment round for the firm's visualization software. The new round of funding came from Morgan Stanley Venture Partners, Gold Hill Capital, SVB Silicon Valley Bank, and Deutsche Bank. iRise said the new funding will go towards product development and distribution of its application software. iRise develops software used to simulate web applications without requiring programming skills, and is ta (More info...)

posted on Tuesday, March 4, 2008 (More)(Full story)

TherOx Gets $30M For Heart Attack Treatment
Irvine-based TherOx, a developer of medical devices for treating heart attacks, said today that it has closed on $30M in venture funding. The funding round was led by DAG Ventures, and also included Kleiner Perkins Caufield & Byers, New Science Ventures, Integral Capital Partners, Aperture Venture Partners and Cross Creek Capital. TherOx is developing a device focused on Myocardial Salvage Intervention, a treatment performed on Acute Myocardial Infarction patients.

posted on Tuesday, March 4, 2008 (More)(Full story)

Break Buys Wall Street Fighter
Los Angeles-based men's entertainment site Break Media said today that it has acquired Wall Street Fighter, an online business news and humor website. Financial terms of the acquisition were not disclosed. According to Break, Wall Street Fighter has more than 500,000 unique monthly visitors. The site joins four other sites -- Break.com, Chickipedia, Cage Potato, and Holy Taco -- operated by the firm. Break's web sites target the 18-34 year old male market.

posted on Tuesday, March 4, 2008(Full story)

Loop'd Launches Ski Site
San Diego-based Loop'd Network, which operates online social network sites for sports, said this morning that it has launched a new community focused on skiers. The company said that the new online community is focused on helping skiers find sponsorships and enter contests from companies. Loop'd Network operates an online site that allows athletes to upload videos of themselves and win chances at getting sponsorship deals; the site is an offshoot of SponsorHouse.com. Initial companies involved w (More info...)

posted on Tuesday, March 4, 2008(Full story)

AECOM Completes Tecsult Buy
Los Angeles-based AECOM Technology Corporation said this morning that it has completed its acquisition of Tecsult, a Montreal, Canada-based engineering firm. Financial terms of the deal were not disclosed. AECOM said that Tecsult will join its energy practice. AECOM provides technical and management consulting to transportation, energy, environmental, facilities, and other companies. Tecsult provides engineering services for the energy market, and specifically in the area of hydropower.

posted on Tuesday, March 4, 2008(Full story)

Fonality Revs PBX Software
Los Angeles-based Fonality, which develops business phone systems based on the open source Asterisk PBX software, said today that the firm has released a new version of the firm's PBXtra phone system. The firm said the new 4.0 version of its software includes mobile features for finding employees on mobile devices, a new plug-in for the Firefox web browser, along with enhancements for helping resellers manage their customers. Fonality is venture backed by Azure Capital Partners, Intel Capital, a (More info...)

posted on Tuesday, March 4, 2008(Full story)

BidShift Names VP
San Diego-based BidShift, which develops software-as-a-service for managing healthcare staffing, said Monday that it has appointed Michael Saddik as Executive Vice President. Saddik joins BidShift from Covad Communications, where he was Vice President of Sales. Saddik has also previously served at NextWeb. BidShift's online systems allow healthcare workers to bid for schedules, and help hospitals and other healthcare organizations to better manage their staffing.

posted on Tuesday, March 4, 2008 (More)(Full story)

Gorilla Nation Hires Technology VP
Los Angeles-based Gorilla Nation said Monday that it has appointed Alex Godelman as VP Technology. Godelman joins the firm from Shopzilla, where he was a member of the company's senior management team. Godelman has also served at Diskeeper, B3/Time Warner, and Maxis/Electronic Arts, among other companies. Gorilla Nation is an online advertising representation firm which sells advertising space to brands.

posted on Tuesday, March 4, 2008(Full story)

Growth-focused Tech Companies Choose PowerMark
Global leaders like IBM and Symantec and emerging growth companies like
BasePoint Analytics and EED have something in common. They play to win.
That's why they team with PowerMark.

POWERMARK -- EXPERTS IN TECH MARKETING AND PR. Contact us today for a free
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Software as a Service - Networking Group - LA March 17
Join OnDemand Solutions and fellow software companies who are offering
their software as SaaS or who are migrating or building a SaaS solution.
Learn from others and network. Topics include getting funding, software
development, customer service, sales, marketing, for today's ISV.

Visit http://www.myonds.com/la.html or call Brett Gordon at
877-841-7274 x708 or email info@myonds.com.

OMMA Global Hollywood Conference & Expo - March 17-18
Welcome to the Machine!

Is the Internet chewing up everything in its path?
Find out at the OMMA Global Hollywood Conference & Expo.

OMMA Global Hollywood is the premier Online Media, Marketing & Advertising event in the industry. We attract over 3,000 agency executives, brand and marketing managers, media planners, buyers, creative directors, sellers and suppliers who live and breath online. OMMA Global is designed to give them actionable information on how to better spend the budgets they already control.

It's a must-see and must-attend event that is unrivaled in the interactive industry.

Please go to www.mediapost.com/omma/ and register today.

Entretech Entrepreneurship Awards - March 6 - Los Angeles


Thursday, March 6, 2008
5:30 to 9:00 p.m.
A Private Club, Downtown Los Angeles

Join leading entrepreneurs and business executives in celebrating some of the fastest growing High Tech and Life Sciences companies that symbolize the entrepreneurial vigor and excellence in Greater Los Angeles. The prestigious PricewaterhouseCoopers Entretech Entrepreneurship Awards spotlight exceptional companies realizing their potential for market leadership and long-term profitability. Previous winners have gone on to gain esteemed industry awards and a successful IPO (Guidance Software, 12/06). The Awards Program honors leading-edge companies in three categories based on annual revenues.

Register today!


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