Friday, May 2, 2008
OnHollywood - West Hollywood - June 10-12
Join socalTECH at THE Event for Digital Media and Entertainment
Sofitel Hotel, West Hollywood, CA
June 10-12, 2008

OnHollywood 2008 is where cutting-edge technology CEOs from the back streets of Silicon Valley meet the Hollywood digital entertainment and media elite. This two-and-a-half-day executive event features high-level debates on which forces are disrupting user behavior and creating new opportunities, content strategies and monetization schemes in the video, music, gaming, search, and mobile industries. Our editors will also honor the OnHollywood 100 Top Private Companies and feature the Best of Broadband "BOB" Awards. Fifty of the top CEOs from the OnHollywood 100 will pitch their market strategies to a panel of industry experts in our "CEO Showcase."
OnHollywood promises to be the most powerful gathering of studio heads, content creators, venture capitalists, biz dev officers and entrepreneurs on the planet.


Fulcrum Micro Raises $29.9M
Calabasas-based Fulcrum Microsystems, a developer of high speed switching semiconductors, has raised $29.9M in a Series E round of funding. The round brings the company's total to $102.0M raised by the company. According to a spokesperson for the firm, the funding came from Granite Ventures, Infinity Capital, New Enterprise Associates, and Palomar Ventures. The round closed on April 28th. Fulcrum Micro's technology is based on technology developed at Caltech.

posted on Friday, May 2, 2008 (More)(Full story)

Anonymizer Acquired By Abraxas
San Diego-based Anonymizer, which develops software and services for anonymous web surfing, has been acquired by Abraxas, a provider of technology for the federal government and national security. Financial terms of the deal were not disclosed. According to Abraxas, Lance Cottrell, founder and CTO of Anonymizer, will become Chief Scientist for the firm. Anonymizer's software allows users to surf the Internet without giving up personal information or details of user browsers, IP addresses, or lo (More info...)

posted on Friday, May 2, 2008(Full story)

TriZetto Loses CFO
Newport Beach-based TriZetto Group, a provider of health benefit administration technology and software, said Friday that its CFO, Bob Barbieri, has left the company. According to TriZetto, Barbieri left for unspecified personal reasons. TriZetto said the move was "not a result of any disagreement with the company." The firm has launched a search for a new CFO; Carl Long, the firm's corporate controller, has been appointed principal accounting officer.

posted on Friday, May 2, 2008(Full story)

Valeant Pharmaceuticals Makes Cuts
Aliso Viejo-based Valeant Pharmaceuticals, a specialty pharmaceutical company with products in the neurology, infectious disease, and dermatology markets, announced Friday that it has cut 130 people in the U.S. and Mexico. The firm said that it also plans to reduce approximately 1,250 positions at the firm as it plans to divest its European subsidiaries. Valeant had approximately 3,000 employees prior to the cuts. The firm said the cuts were made as the "first step" in its plan to right size th (More info...)

posted on Friday, May 2, 2008(Full story)

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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
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QBI has sales offices in Woodland Hills and Irvine. Because QBI does not
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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
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