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Wednesday, March 19, 2008
EDSA Micro Corp Acquired By Private Equity Firm San Diego-based EDSA Micro Corp., which develops software for designing, testing, and diagnosing electrical power systems, announced Wednesday afternoon that majority ownership of the firm has been acquired by Digital Power Capital, an affiliate of private equity firm Wexford Capital LLC. Financial terms of the deal was not disclosed. Digital Power Capital was a minority investor in the firm. EDSA Micro said that Marc A. Ascolese of Digital Powre Capital will assume the position of Chairman and (More info...) posted on Wednesday, March 19, 2008(Full story) CardioNet Prices IPO San Diego-based CardioNet said Wednesday afternoon that it has priced the firm's initial public offering. The company said it will offer 4.5 million shares of its common stock at $18.00 per share. 1.5 million shares of the offering will come from Guidant Investment Corporation. The IPO is being underwritten by Citigroup Global Markets, Lehman Brothers, Leerink Swann, and Thomas Weisel Partners. CardioNet develops outpatient cardiac monitoring devices. CardioNet is backed by Boston Scientific, Sa (More info...) posted on Wednesday, March 19, 2008(Full story) Retention Education Pulls In Series B Aliso Viejo-based Retention Education, a provider of language instruction materials for teaching English and Spanish, has closed a Series B round of funding, the firm said Wednesday. Amount of the funding was not disclosed. The funding came from MK Capital, Ascend Venture Group, Ironwood Equity Fund, and OCA Ventures. Retention Education markets its products under the name "Sed de Saber," and was founded in 2003. posted on Wednesday, March 19, 2008 (More)(Full story) NetSeer Hires Yahoo VP, Discloses Funding Los Angeles-based NetSeer, a venture backed startup focused on the search and ad targeting market, has snagged Yahoo's Executive VP of Global Sales as its new President and CEO. NetSeer also revealed that it has received venture backing from ONSET Ventures and Mission Ventures. Details of the funding were not disclosed. Coleman was responsible for all of Yahoo's advertising revenues worldwide, which NetSeer said grew from $600M to $6B during his seven-year career. Coleman also has served at Read (More info...) posted on Wednesday, March 19, 2008(Full story) Phoenix Motorcars Gets Investment Ontario, California-based Phoenix MC, Inc. which is designing electric vehicles, said this morning that the firm has secured additional financing from two new investors. Phoenix Motorcars said that it received an undisclosed amount of funding from Dubai-based Al Yousuf LLC, and Arlington, Virgina-based AES Corporation. Merriman Curhan Ford & Co. acted as the placement agent on the transaction, with O'Melveny & Myers LLP in a legal advisory role. Eqbal Al Yousef of Al Yousuf LLC, and Robert Hemph (More info...) posted on Wednesday, March 19, 2008 (More)(Full story) Xencor Names Chairman Monrovia, California-based Xencor, which develops protein and antibody therapeutics, said Wednesday that it has appointed David R. King as the Chairman of its board of directors. Xencor develops biotherapeutics are used to improve antibody effectiveness for treating cancer, inflammation, and autoimmune diseases. King joins the firm from BioRexis Pharmacueticals, where he was co-founder and CEO; King has also served at Morgan, Lewis & Bockies LLP, Principia Pharmaceutical corporation, Delsys Phar (More info...) posted on Wednesday, March 19, 2008(Full story) KidZui Launches Web Browser For Children San Diego-based KidZui has launched a new browser and online service aimed at kids today, taking aim at children 3 to 12 years old. The firm, which is venture backed by Maveron, Emergence Capital Partners and First Round Capital, said today that the firm's browser is now available for download on the firm's web site. KidZui's Internet service limits Internet browsing to what the firm says are more than 500,000 reviewed, child-appropriate web sites. The browser also includes parental controls on (More info...) posted on Wednesday, March 19, 2008(Full story) Conexant Names Legal Officer Newport Beach-based Conexant Systems has added Mark D. Peterson as the firm's Senior Vice President, Chief Legal Officer, and Secretary. The firm said today that Peterson joins the firm from Targus Group International, and has also served at Meade Instruments and O'Melveny & Myers LLP. Peterson will be responsible for global legal affairs at the firm, reporting to President and CEO Dan Artusi. Conexant is a manufacturer of semiconductors for the communications, media processing, and other applic (More info...) posted on Wednesday, March 19, 2008(Full story)
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