Tuesday, March 4, 2008Ex-Broadcom VP Settles With SECThe 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...)
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Demand Media Buys PluckDemand 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.
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LiveVideo Acquires RevverWest 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...)
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Spot Runner Acquires WeblisticLos 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...)
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Iomega Ups REV Capacity To 120GBSan 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...)
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iRise Adds $20M For Simulation SoftwareEl 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...)
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TherOx Gets $30M For Heart Attack TreatmentIrvine-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.
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Break Buys Wall Street FighterLos 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.
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AECOM Completes Tecsult BuyLos 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.
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Loop'd Launches Ski SiteSan 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...)
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Fonality Revs PBX SoftwareLos 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...)
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BidShift Names VPSan 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.
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Gorilla Nation Hires Technology VPLos 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.
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