Friday, April 25, 2008PhotoThera Finds $11MSan Diego-based PhotoThera, a developer of light therapy systems for treatment of musculoskeletal injuries, has quietly raised $11.0M in funding, socalTECH has learned. PhotoThera's devices are under clinical investigation to treat ischemic stroke. Details of the funding have not been announced. The firm has previously raised funding from Delphi Ventures, DeNovo Ventures, Hamilton BioVentures, Warburg Pincus, The Vertical Group, and Solstice Capital. The firm last announced a venture funding rou (More info...)
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Eyespot Gets Win With Action Sports SiteSan Diego-based Eyespot has scored a win with action sports site Digital Action Sports Network (DASN), the firm said Friday. The sports site will use the firm's Video Platform to power its interactive video. Eyespot provides video hosting services for web sites. According to Eyespot, DASN will roll out a number of online properties, including skateboard.tv, snowboard.tv, motorcross.tv, surfer.tv and gravity.tv, focused on action sports. Financial terms of the deal were not disclosed. Eyespot is (More info...)
posted on Friday, April 25, 2008(Full story)
Interview with Ophir Tanz, GumGumOnline publishers often have difficulty paying for an locating the right photos for their sites, because of an industry which has been--so far--structured and priced mostly for the offline, "dead tree" magazine and newspaper world. Plus, photographers and their agencies often find sites are pirating photos, and that they don't have a way to get their photos to those publishers. To solve that problem, Santa Monica-based GumGum (www.gumgum.com) recently began offering entertainment and other photo (More info...)
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BasePoint Analytics Selected By CrossCheck ComplianceCarlsbad-based BasePoint Analytics said Thursday that its services have been selected by CrossCheck Compliance, a Chicago firm providing regulatory compliance and due diligence services to banks and mortgage lenders. Financial impact of the deal were not disclosed. BasePoint Analytics provides fraud analytics and consulting services for detecting suspicious mortgage loans; the company's software is used to calculate a fraud score for mortgage applications to flag potential fraud.
posted on Friday, April 25, 2008(Full story)
FastSpring Signs CustomerSanta Barbara-based FastSpring, a provider of e-commerce payment and merchandising software, said this week that MediaRECOVER, a provider of data recovery and security solutions, has selected the firm's software. Financial details of the win were not disclosed. FastSpring develops e-commerce software for firms selling products online; the firm is headed by Dan Engel, who was formerly at Google, and a VP of Market development at Picasa.
posted on Friday, April 25, 2008(Full story)
SYSPRO Rolls Doc Management SoftwareCosta Mesa-based SYSPRO said Thursday that it has rolled out a new document management software package for its ERP systems. The firm said that its new product, Document Management for SYSPRO, allows organizations to access, management, and automate routing of scanner paper documents, email, fax, and other digital content. The firm said the new capabilities are targeted at addressing areas like FDA and Sarbanes-Oxley regulatory accountability, as well as reducing the use of paper.
posted on Friday, April 25, 2008(Full story)