Thursday, May 8, 2008
California Coast Venture Forum - May 16th - Santa Barbara
California Coast Venture Forum (CCVF)

You are invited to participate on Friday May 16, 2008
At the Four Seasons Biltmore, Santa Barbara, CA
The CCVF Venture Forum continues with a broad focus on technology

Invitations extend to active investors including institutional,
venture and angel investors, research and business leaders, funded
companies, CEOs, and service providers.

The event will consist of networking opportunities, company
presentations, exhibits, lunch and panel discussions, followed by a

For more information, please visit: or call 805-495-6962

Los Angeles, Orange County Among Top 10 eBay Markets
Online auction site eBay released their list of the most active markets for the site Thursday, reporting that both Los Angeles-Long Beach and Orange County were among the top 10 markets for the firm. According to eBay, the Los Angeles-Long Beach area ranked number one in the U.S. for eBay sales, selling $1.3 billion dollars in items on the site last year; Orange County ranked sixth in the nation for eBay sales, with over $636M in sales for last year. Other top markets for eBay sales were New Yor (More info...)

posted on Thursday, May 8, 2008(Full story)

Pandemic In Deal For Lord of the Rings Title
Los Angeles-based video game studio Pandemic Studios said Thursday that it is developing a new title based on Lord of the Rings. The studio, which is a unit of Electronic Arts, said that The Lord of the Rings: Conquest will ship for Xbox 360, Playstation 3, PC, and Ninendo DS platforms. The game, which is being released in partnership with New Line Cinema, is being developed by the team which build Star Wars Battlefront and the Star Wars Battlefront II titles. Pandemic said the game is set for r (More info...)

posted on Thursday, May 8, 2008(Full story)

Yardi Systems Buys Software Products
Santa Barbara-based Yardi Systems, a developer of real estate software, said Thursday that it has acquired ARGUS Property Management (CTI) and ARGUS INSIGHT Reporting, two products from ARGUS Software. Financial terms of the acquisition were not disclosed. According to Yardi, the deal will also include a strategic alliance with ARGUS, where ARGUS will become a reseller of its products, and where Yardi will market its Yardi Voyager Commercial title to ARGUS customers. Both companies provide softw (More info...)

posted on Thursday, May 8, 2008(Full story)

MySpace Opens Profile Data, Links to Yahoo, eBay, Photobucket, and Twitter
Los Angeles-based MySpace said Thursday morning that it has launched a new initiative to allow Yahoo, eBay, Photobucket, and Twitter to pull public profile data into their websites. MySpace said its "Data Availability" effort will allow users to dynamically share their public profile information with other sites. MySpace will allow users to control what information they share with who, including basic profile information, photos, videos, and friends. The initial links will show up in Yahoo's Ins (More info...)

posted on Thursday, May 8, 2008(Full story)

Interview with Kihong Bae, MusicShake
We recently ran into Kihong Bae, who is general manager of MusicShake (, a startup focused on allowing users--with no music training--to create their own music online. The firm--which started in South Korea--recently opened up its U.S. operations here in Los Angeles. We spoke with Kihong about the company, what it offers, and why it decided to locate here.

Describe what MusicShake is, and how it came about?

Kihong Bae: We are originally from South Korea, where we have b (More info...)

posted on Thursday, May 8, 2008(Full story)

Cogent Systems Buys Security Firm
South Pasadena-based Cogent Systems said today that it has completed the acquisition of MAXIMUS Security Solutions Division, a provider of identity management and credentialing services, security consulting, and web application development. Cogent said it paid $5M in cash for the division, which is part of MAXIMUS. Cogent said the deal is expected to add $5M in revenues for the remainder of 2008. The MAXIMUS Security Solutions Division provides biometrics technology services to the federal gover (More info...)

posted on Thursday, May 8, 2008(Full story)

MusicIP Adds Board Member, Sales VP
Monrovia-based MusicIP, a provider of music discovery software and related products, said Wednesday that it has tapped Microsoft for a new board member, and also appointed a new VP of Sales. the firm said that former Microsoft corporate VP Lindsay Sparks has joined the board, and appointed Scott Lehr as the firm's Vice President of Sales, Strategy, and Business Development. Lehr was most recently a consultant, and has previously served as an SVP at MyStrands, and as an executive at Muze. MusicIP (More info...)

posted on Thursday, May 8, 2008(Full story)

Channel M Names CTO
Los Angeles-based Channel M, a venture backed, digital out-of-home video advertising network, said Wednesday that it has named Peter Lee as the firm's Chief Technology Officer and Chief Strategy Officer. Lee joins the company from The Walt Disney Company, where he was Vice President, Business Development New Technology in the firm's Corporate Strategy, Planning, and Technology Group. Lee has also served as President and CEO of GeoVideo Networks, COO/CTO of Hitplay Media, and also served at IBM. (More info...)

posted on Thursday, May 8, 2008(Full story)

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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.


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.


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