Monday, April 28, 2008Peerless Gets Approval On SaleEl Segundo-based Peerless Systems said Monday afternoon that its stockholders have approved the sale of substantially all of its intellectual property and other assets to Kyocera Mita Corporation. The firm said the deal was worth $37M in cash. Peerless had announced the sale in January, which gives its digital imaging software and printing related technology to Kyocera, which was the firm's primary customer. The firm said that 96 percent of shares voting approved the transaction.
posted on Monday, April 28, 2008(Full story)
Koders Acquired By Software FirmSanta Monica-based Koders, a provider of source code search software and an online open source, source code search site, has been acquired. Financial terms of the acquisition were not disclosed. Waltham, Mass.-based Black Duck Software said Monday that it will integrate Koders' search site into its products, and also enhance Koders' site with its own knowledge base products. According to Black Duck, Koders serves over 30,000 developers each day searching for open source code. Koders was backed b (More info...)
posted on Monday, April 28, 2008(Full story)
Transpera Gets Win At APSanta Monica-based Transpera, a provider of mobile video services for video publishers and advertisers, has been selected by the Associated Press. Financial terms of the deal were not disclosed. According to the Associated Press, its wireless customers with video-capable phones will be able to view video on a new mobile news network. Transpera will provide the mobile video services. The AP's video news service wil provide local, national, and international news videos. Transpera is venture backe (More info...)
posted on Monday, April 28, 2008(Full story)
Nexsan Files For IPOThousand Oaks-based Nexsan, a provider of enterprise storage arrays, has filed for an IPO, according to a filing with the SEC Friday. Nexsan said it is looking to raise up to $80.5M in an IPO on the NASDAQ Global Market under the symbol "NXSN." The IPO is being underwritten by Thomas Weisel Partners, Lazard Capital market, Needham & Company, and Morgan Keegan & Company. Nexsan reported that it had a loss of $3.0M on revenues of almost $49.8M in its fiscal 2007. The firm is venture backed by Van (More info...)
posted on Monday, April 28, 2008(Full story)
LeadPoint Raises $6MLos Angeles-based LeadPoint said today that it has raised $6M in a Series E financing. The round came from Silicon Valley Bank Ventures, as well as Redpoint Ventures. LeadPoint said the funding will go to "add bench strength to the company," launch new verticals, and expand marketing and sales. LeadPoint operates a lead exchange marketplace for helping lead buyers and sellers connect. The firm's leads include mortgage, refinancing, debt consolidation, auto purchase, and other leads. The firm ha (More info...)
posted on Monday, April 28, 2008 (More)(Full story)
Solarflare Partners With Communications Equipment ManufacturerIrvine-based Solarflare Communications said today that it has partnered with Delta Networks, a manufacturer of network communications equipment. Solarflare said that Delta Networks is manufacturing products based on Solarflare's 10 Gigabit Ethernet and 10GBASE-T technology for OEMs. Financial terms and further details of the partnership were not disclosed. Solarflare develops chips to connect 10 gigabit Ethernet over twisted pair cabling. Delta Networks manufactures Ethernet switches, broadband, (More info...)
posted on Monday, April 28, 2008(Full story)
Sierra Entertainment Adds Sequel To Crash Bandicoot SeriesLos Angeles-based Sierra Entertainment announced the next title in the firm's popular Crash Bandicoot video game series, saying today that it will ship Crash Bandicoot: Mind over Mutant this fall. The new video game title will be released on the Wii, Xbox 360, PlayStation 2, Nintendo DS, and PlayStation Portable. Sierra Entertainment is a division of Vivendi Games. Sierra said that the latest Crash Bandicoot title is being developed by Radical Entertainment, the firm's Vancounver, B.C.-based gam (More info...)
posted on Monday, April 28, 2008(Full story)
Broadcom Ships PHY ChipsIrvine-based semiconductor firm Broadcom announced today that it has shipped a new chip for the 10 Gigabit Per Second Ethernet market. The new chip, which is used for physical level connectivity in networks, supports the 10GBASE-KR standard, which defines a way to carry high speed, 10 Gigabit Ethernet on backplanes. The new product, the 10GBASE-KR-to-XAUI backplane PHY, is sampling now to early access customers, Broadcom said. The new chip is designed for us in blade server and advanced telecomm (More info...)
posted on Monday, April 28, 2008(Full story)
CompIQ Acquired by ACSIrvine-based CompIQ Corporation, a provider of worker's compensation claims review software, has been acquired by Affiliated Computer Services. Texas-based ACS said that it would pay $22M for CompIQ, plus additional unspecified contingent payments based on future financial performance. CompIQ develops software used for medical bill review and cost containment of worker's compensation, group health, and liability insurance. ACS said that CompIQ had trailing twelve months revenue for March 31st of (More info...)
posted on Monday, April 28, 2008(Full story)
BidShift Becomes ConcerroSan Diego-based BidShift said this morning that it has renamed the company, and has become Concerro, Incorporated. According to BidShift, Concerro is Latin for "to bridge or connect." In explaining the name change, the firm said that the name change embodies its philosophy as a company. Bidshift develops software-as-a-service for managing staffing and employee schedule at hospitals. The company is venture backed by Aperture Venture Partners, Carrot Capital, and Himalaya Capital.
posted on Monday, April 28, 2008(Full story)