Tuesday, May 6, 2008Cloudworks Targets Desktop With Hosted Software OfferingThousand Oaks-based Cloudworks is announcing today that it has launched a new product line targeted at providing applications, data, and email via a browser to customer desktops. The firm said that its new "webtops" product will allow companies to provide hosted Windows environments to their employees. The new product supports Microsoft Office, QuickBooks, and other applications, and costs small businesses from $595 a month for five users, or $995 for a dedicated server.
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Apoptos Raises $28MSan Diego-based Apoptos, a developer of oncology drugs, announced Tuesday that the company has raised $28M in funding. The firm said the Series A funding came in two tranches from Venrock, ARCH Venture Partners, Orbimed Advisors, and Advanced Technology Ventures. Apoptos is developing small molecule drugs for inducing tumor cell apoptosis--which will be applied to treating cancer. According to the firm, the funding will fund the company through 2010. The firm was founded by William H. Rastetter, (More info...)
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Buzznet Buys Punk Music CommunityHollywood-based Buzznet, an online social media web site focused on music, has acquired yet another music focused web site, the firm said Tuesday. Buzznet said that it has acquired Absolute Punk, an online web site focused on alternative music, industry news, reviews, and other information about punk music. Financial terms of the acquisition were not disclosed. Absolute Punk was founded in 2000; according to Buzznet, it has an active community of more than 500,000 music fans. The acquisition of (More info...)
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Interview with Richard Wolpert, The Mail Room FundRichard Wolpert is the head of the Mail Room Fund, a new venture fund backed by William Morris, Accel Partners, Venrock, and AT&T. Wolpert is well known for his work as Chief Strategy Officer for RealNetworks, as president of Disney Online, as well as for his angel investments. We sat down for breakfast a few days ago to chat with Richard about the new fund, his angel investments, and what he sees as the promise of Los Angeles.
Tell us a little bit about the fund and what you're investing in (More info...)
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Arrowhead Research Sells SubsidiaryPasadena-based Arrowhead Research said today that it has sold Aonex Technologies, a majority owned subsidiary of the firm, to AmberWave Systems. According to ArrowHead, AmberWave will pay $7.95M plus royalties for Aonex. Aonex is a Caltech spinoff commercializing material integration technology for the solar cell manufacturing industry. Arrowhead said that AmberWave will take over its Pasadena operations, and Aonex founder Dr. Harry Atwater will continue to support the development of the technol (More info...)
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Thought Convergence Buys Name IntelligenceLos Angeles-based Thought Convergence, a provider of tools for managing domain names and domain name portfolios, announced Tuesday morning that it has acquired Seattle-based Name Intelligence, a provider of domain name software tools. Financial terms of the acquisition were not provided. Name Intelligence runs the DomainTools service and the Domain Roundtable conference, which targets domainers. DomainTools is an online web site featuring different tools useful to Internet domain name buyers. Th (More info...)
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Greenlight Wireless Becomes SkweezerIrvine-based Greenlight Wireless said Monday that it has renamed itself Skweezer, after the firm's mobile web service. The firm, which develops software to convert any web site into mobile-friendly format, also said it has renamed its mobile advertising product, Advertizer, to "Skweezer Ads." According to the company the move will help it take advantage of the name recognition the firm's Skweezer brand has, and streamline the firm's marketing profile. Skweezer's online service allows anyone to s (More info...)
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