Tuesday, April 29, 2008
MADISON STREET PARTNERS - Planning Your Company's Next Move
Click on the link below to see "This Week's Notable Subleases in Orange

These sublease opportunities have been hand selected from various
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Gemstar-TV Guide Gets Stockholder Approval For Merger
Los Angeles-based Gemstar-TV Guide International said Tuesday afternoon that the firm's stockholders have approved the company's merger with Macrovision. According to the firm, the merger is expected to complete on May 2nd. Gemstar and Macrovision originally announced the merger in December; the deal is worth approximately $2.8 billion in cash and stock. Macrovision is based in Santa Clara, and sells DRM, software installation, software licensing and other software.

posted on Tuesday, April 29, 2008(Full story)

Appfolio Raises $22M
Santa Barbara-based AppFolio has raised $22M in a Series B funding for the new software-as-a-service firm, initially focused on property management software, socalTECH has learned. The company's CEO, Brian Donahoo, said that the round was led by BV Capital, and also included Cisco, the Investment Group of Santa Barbara, and other corporate and individual investors. Andreas von Blottnitz of BV Capital and Tim Bliss of the Investment Group of Santa Barbara have been added to the firm's board as p (More info...)

posted on Tuesday, April 29, 2008 (More)(Full story)

Fonality Bolsters Interop Efforts
Los Angeles-based Fonality, a developer of open source, PBX software and phone systems, said Tuesday that the firm has created a new interoperability program to certify third party products for the firm's products. According to the firm, the new program--Fonality Authorized Certified Ecosystem (FACE)--already includes IP phone manufacturers Aastra and Polycom, along with Bandwidth.com and hardware firm Sangoma. Fonality's software--which is based on the open source Asterisk code base--is used to (More info...)

posted on Tuesday, April 29, 2008(Full story)

CinemaNow Taps Firm For WAP Services
Marina Del Rey-based CinemaNow, a provider of Internet, video-on-demand services, said today that it has integrated technology from uVuMobile to provide wireless application protocol (WAP) movie previews and downloads from its site. Financial terms of the deal were not disclosed. According to CinemaNow, its WAP service combines uVuMobile's Media Distribution Platform product with its own proprietary distribution technology. The new WAP service gives previews of trailers and full length movie pur (More info...)

posted on Tuesday, April 29, 2008(Full story)

MySpace Launches Karaoke Site
Los Angeles-based social networking site MySpace has launched a new web site, focused on karoake and allowing users to express themselves online, the firm said Tuesday. The new site, which is powered by kSolo, a provider of online karoake tools and services, allows MySpace members to sing, record, and share their favorite songs with their friends. According to MySpace, the service only requires a microphone and internet connection, and will allow members to save up to ten songs on their MySpace (More info...)

posted on Tuesday, April 29, 2008(Full story)

DocStoc Raises $3.25M
Beverly Hills-based DocStoc, the Web 2.0 startup focused on sharing professional documents, said Tuesday that it has raised $3.25M in a venture capital round from Rustic Canyon Partners. DocStoc maintains a service which allows anyone to upload and share legal, business, and other documents. The company has previously raised angel funding from Scott Walchek, Matt Coffin (LowermyBills), Brett Brewer (Intermix/MySpace), Robin Richards (MP3.com), and Crosscut Ventures.

posted on Tuesday, April 29, 2008 (More)(Full story)

Interview with David Hughes, The Search Agency
The Search Agency (www.thesearchagency.com), a Los Angeles-provider of search engine optimization (SEO) and search engine marketing (SEM) services and technology, announced yesterday that it has raised a round of private equity funding for the firm. We sat down with David Hughes, the firm's CEO, Friday to talk about the company.

Tell us a bit about what you do?

David Hughes: We offer SEM - search engine marketing and SEO - search engine optimization, and what's called CPO - conversion path (More info...)

posted on Tuesday, April 29, 2008(Full story)

Conexant Sells Broadband Media Lines For $145M
Newport Beach-based Conexant said Tuesday morning that it has signed a definitive agreement to sell its Broadband Media Processing product lines to NXP Semiconductors. The deal is worth up to $145M, in a combination of $110M in cash plus up to $35M in future earn-out. Conexant's Broadband Media Processing business provides chipsets for satellite, cable, terrestrial, and IPTV set-top box applications. According to Conexant, the move is part of a continuing effort to restructure the company's busi (More info...)

posted on Tuesday, April 29, 2008(Full story)

The Search Agency Gets Private Equity Investment
Santa Monica-based The Search Agency, a provider of search engine marketing and search engine optimization, said yesterday that it has received a strategic investment from private equity firm JMI Equity. Financial terms of the deal were not disclosed. Peter Arrowsmith, a General Partner at JMI, has joined the firm's board of directors alongside the investment. The Search Agency provides SEM and SEO services to online advertisers. The firm said it will use the investment to expand its sales and m (More info...)

posted on Tuesday, April 29, 2008(Full story)

OptionEase Hires Exec
San Juan Capistrano-based OptionEase, a provider of software-as-a-service tools for accounting for stock options, said yesterday that it has hired on Pam Washburn as Executive Vice President of Business Development. Washburn joins the firm from eProsper, where she was Vice President of Business Development. Washburn has also served at Hewlett-Packard. OptionEase provides software-as-a-service for tracking FAS123R compliance and accounting for stock options. The firm is angel backed by the Tech C (More info...)

posted on Tuesday, April 29, 2008(Full story)

iRise Adds iPhone Simulation Support
El Segundo-based iRise, a provider of software for simulating enterprise applications, is announcing today that it has added new simulation support for Apple's iPhone. The firm said its new simulation templates will allow developers to experience e-commerce mobile applications prior to any development. iRise is tapping OneSpring, a firm based in Atlanta, for the capability. According to iRise, the new capability allows business analysts and others a way to prototype the look, feel, and behavior (More info...)

posted on Tuesday, April 29, 2008(Full story)

Growth-focused Tech Companies Choose PowerMark
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BrainMusicScience Patented Technology To Go National
Tom Lewis, Chairman and CEO, who has successfully taken several companies public, Dr. Michael Waldman, PhD, former V.P. Invention Machine, President Pragmatic Vision, Inc. (PVI) Gelena Mindlin MD, PhD; William Barbrick, former CFO for Invention Machine and PVI announce they will take BrainMusicScience.com, whose patented technology has been profiled on Good Morning America and the Today Show, to the national level. Both shows reveal double blind studies in which the music is effective 80-85% of the time as an adjunct to facilitate sleep, weight loss, and reduce stress. It is used in several countries and in the US in more than a dozen locations. The margins are great, and the CEO and the Management Team have national experience. They expect the company to be valued at over $500M in five years. It solves health problems and medications are reduced or eliminated. Watch GMA video by clicking on www.brainmusicscience.com. We have several other patented technologies to which our partners will have preferential access like www.kenjonesmd.com/engine. Executive Summary provided on request. Interested parties can contact me at kenjonesmd@sbcglobal.net or call KenJones,MD, VP at (949)690-0359

SaaS University: Selling, Marketing, Infrastructure and Financing
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Qualified Benefits Seeks $5M In Equity Financing
Qualified Benefits Inc. (QBI) is seeking $5 million in equity financing
for Management's buyout of the Company from BenefitStreet.

Qualified Benefits Inc. (QBI) has an endurance record like few in the
industry since its 1978 inception.

Over the past 30 years QBI has built a formidable competitive advantage
with over 2,700 customers.

Since inception QBI has never been sued or been in litigation with any of
its customers.

Outstanding employees with longevity not seen in the financial service
industry today.

QBI provides retirement plan services for both Defined Benefit and Defined Contribution plans. Specifically, QBI established and provides consulting and administration for Defined Benefit Plans, Cash Balance Plans, Profit
Sharing Plans, 401(k) Plans and Hybrid Plans.

QBI has sales offices in Woodland Hills and Irvine. Because QBI does not
sell investment, advisory or insurance related platforms, we are
compatible with all financial advisors. This includes those advisors
working for wirehouses, insurance groups, RIA's and insurance brokers.

QBI also has a dominant presence in the Defined Benefit marketplace with
significant relationships with accountants and business managers.

Contact: Michael_DelGrosso@benefitstreet.com

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