Tuesday, March 11, 2008
MADISON STREET PARTNERS - Planning Your Company's Next Move
Click on the link below to see "This Week's Notable Subleases in Orange

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LifeMasters Raises $15M More
Irvine-based LifeMasters Supported SelfCare said Tuesday that it has raised $15M in funding from some of its existing investors. Investors in the new round included VantagePoint Venture Partners, Saints Capital, and Opus Capital. LifeMasters develops health improvement programs and services. LifeMasters said the funding would be used to execute on its strategic growth initiatives and expand its programs. LifeMasters' programs focus on providing healthcare programs for managing chronic conditions (More info...)

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Gumiyo Links With Target Media
Woodland Hills-based Gumiyo has inked a partnership with Target Media Partners, a publisher of local classified advertising publications for the auto and other markets, the firms are set to announce tomorrow. Gumiyo will provide its private label platform to Target Media Partners for its publications, which include the Recycler Classifieds, AutoBuys, Jobs Magazines, and others. Financial impact of the deal was not disclosed. Target Media operates over 100 publications and 40 websites. Gumiyo ope (More info...)

posted on Tuesday, March 11, 2008(Full story)

Specific Media Trumpets Growth
Irvine-based Specific Media, a major online advertising network, reported yesterday that it saw a 300 percent increase in its revenues in 2007, compared with 2006. The privately held, venture backed firm did not report its actual financials. Specific Media said that it now reaches more than 140 million unique visitors in the U.S., ranked only behind AOL, Yahoo, and Google. Specific Media operates an online advertising network which provides advertisers with the ablity to target consumers based o (More info...)

posted on Tuesday, March 11, 2008(Full story)

Language Weaver In Strategic Partnership With French Firm
Los Angeles-based Language Weaver is reporting that the firm has inked a strategic partnership with a European translation firm, Reverso. Language Weaver, which develops language translation software, said that Reverso will include its technologies in its business-to-business translations software. Reverso, which is based in France, will be supported by a new Language Weaver sales and operations office in France. Financial terms of the partnership were not disclosed. Reverso develops software an (More info...)

posted on Tuesday, March 11, 2008(Full story)

Los Angeles Makes List of Fastest Growing Regions For Venture Capital
Los Angeles has made a list of the fastest growing regions for venture capital, released today by the National Venture Capital Association. According to the NVCA and PricewaterhouseCoopers, Los Angeles was among the top five regions of the nation in terms of venture capital growth between 1997 and 2007, with a 155% increase in ten year investments in the area. The report named Clearstone Venture Partners, U.S. Venture Partners, Draper Fisher Jurvetson, and Redpoint Ventures as the most active in (More info...)

posted on Tuesday, March 11, 2008(Full story)

MRV Names New CFO
Chatsworth-based MRV Communications said Tuesday that it has named Guy Avidan as CFO of the firm. Avidan was serving as the firm's acting CFO. The firm also said it has added Chris D. King as the firm's VP Finance and Chief Compliance Officer, as of January. Avidan has been MRV's acting CFO since July of last year, and has been at the company since 1995. King joins the firm from Tandberg Television Inc., and also previously served as CFO of GoldPocket Interactive. King was also at Pricewaterhous (More info...)

posted on Tuesday, March 11, 2008(Full story)

Transpera Signs Revision3
Santa Monica-based Transpera, a provider of mobile video services, has signed on Revision3 as a customer, the firm said today. According to Transpera, Revision3, which provides video content for the web, has launched a new mobile Web service based on the firm's technology. Financial terms of the deal were not disclosed. Revision3 publishes such shows as The Digg Reel, The GigaOm Show, and XLR8R. Transpera is venture backed by First Round Capital, IDG Ventures, and Intel Capital.

posted on Tuesday, March 11, 2008(Full story)

Interview with Guy Tennant, Entriq
Carlsbad-based Entriq (www.entriq.com) acquired DayPort, a supplier of video publishing and workflow management yesterday, and we had a chance to chat with the firm's COO, Guy Tennant, more about the company and its acquisition. Guy spoke with socalTECH's Ben Kuo.

Let's start with the basics. Tell me what Entriq's products do and who uses them?

Guy Tennant: Entriq is a company that focuses on providing the tools required for someone publishing a lot of video content on the Internet, as wel (More info...)

posted on Tuesday, March 11, 2008(Full story)

Xirrus Gets $26M
Westlake Village-based Xirrus said Tuesday that it has closed on a Series C funding round worth $26M. The funding was led by Canaan Partners, and included prior investors U.S. Venture Partners, August Capital, QuestMark Partners, and founder Dirk Gates. According to Xirrus, the investment will be used for customer acquisition and international expansion. Xirrus develops Wi-Fi hardware, which the company is now targeting at for replacement of Ethernet workgroup switches. Xirrus develops Wi-Fi ar (More info...)

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Qualcomm Acquires Xiam Technologies Limited
San Diego-based Qualcomm said today that it has acquired Xiam Technologies Limited, a provider of wireless content discovery and recommendation technology. Qualcomm said it would pay approximately $32 million for Xiam, which is based in Ireland. Xiam's technology is used to provide relevant content and advertisements to consumers over wireless networks and the Web. Qualcomm said Xiam will operate as a wholly owned subsidiary of the firm. Xiam was venture backed by Delta Partners and Enterprise I (More info...)

posted on Tuesday, March 11, 2008(Full story)

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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.

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