Wednesday, March 5, 2008CalAmp Settles Patent Suit With PROCONOxnard-based CalAmp said Wednesday that it has settled patent litigation between the firm and PROCON, a provider of location based tracking systems. According to the firms, PROCON and CalAmp have granted licenses relating to systems that apply Global Positioning Satellite (GPS) technology to track and report the location of vehicles. The cross license resolves all of the legal matters between the companies. The suit is one of a number of patent lawsuits CalAmp has against competitors in the GPS (More info...)
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Interneer Adds $1.2MLos Angeles-based Interneer, a company which develops software for developing enterprise applications, said Wednesday that it has raised $1.2M in a funding round from both new and exiting investors. Names of the new investors were not disclosed. According to Interneer, the funding round will be used to expand operations at the firm. Interneer develops a software platform which allows companies to develop business applications without the need for software programming. The firm has previously rec (More info...)
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Websense Rolls Out New Email Security ProductSan Diego-based Websense said Wednesday that it has rolled out a new email messaging security product which it calls Websense Hybrid Email Security. The new product combines both hosted email security alongside an on-site, message security software. According to Websense, the new email security product combines software for outbound email inspection, with a hosted inbound virus and spam filtering service. The new products are the result of Websense's acquisition of SurfControl last October; the (More info...)
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Taltopia Gets $800K In FundingLos Angeles-based Taltopia.com, which says it has created an free, online platform for connecting aspiring actors, musicians, models, comedians, and other talent with fans and industry professionals, said this morning that it has raised $800,000 in a Series A round of funding. The round came from an unnamed angel investor. According to the firm, the funding will go to broaden the site's reach and further develop features on the site. The company is headed by Allen Vartazarian and Anthony Zononti (More info...)
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Generate Rounds Up $6M for Entertainment StudioLos Angeles-based Generate said late Tuesday evening that it has raised $6M in a Series A venture funding round. The firm, which bills itself as a "next-generation" production and management studio for professional entertainment, said the funding came from Velocity Interactive Group and MK Capital. Generate said it will generate professional, quality content for broadband, television, film, publishing and other media. Jordan Levin, former CEO of the WB Network, will become CEO of Generate as par (More info...)
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DivX Extends Philips DealSan Diego-based DivX said Tuesday that the firm has entered into a new, two-year license agreement with consumer electronics firm Philips Electronics. According to DivX, the agreement calls for Philips to continue to include DivX video functionality in its DVD players, portable devices, digital televisions, and other products. Financial impact of the deal was not disclosed. DivX is a developer of video codec technology used to compress and decompress video content.
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