Thursday, May 29, 2008EdenIQ Raises Venture RoundEncino-based EdenIQ, which is developing cellulosic ethanol technology for the clean energy sector, has quietly raised a round of venture capital as part of the firm's spinoff from Altra Biofuels. According to EdenIQ's web site, current investors in the firm include Draper Fisher Jurvetson, DFJ Element, Kleiner Perkins Caufield & Byers, Angelno Group, Omninet, The Westly Group, Duff Ackerman & Goodrich, and Northgate Capital. Altra Biofuels said earlier this month that the firm had spun out Eden (More info...)
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Kintera Acquired By BlackbaudSan Diego-based Kintera, the provider of online software for managing nonprofit operations, said Thursday afternoon that the firm has entered into a definitive agreement to be acquired by Blackbaud, Inc. The deal is worth approximately $46.0 million. According to Kintera, it will continue its operations in San Diego and its other locations. Blackbaud will pay $1.12 per share for Kintera, which is publicly traded on the NASDAQ as KNTA. Blackbaud is a provider of software and services for nonprofi (More info...)
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Newegg Expands Beyond Electronics, ComputersCity of Industry-based Newegg, the online retailer of consumer electronics and computer products, said this week that the firm has expanded into general merchandise with a new site, NeweggMall.com. The retailer said it would offer everything from auto parts and hardware to jewelry, apparel, and home and garden products. NewEgg said it would apply what it learned within the information technology and consumer electronics market to the mass merchandise market. NewEgg's new site allows third party (More info...)
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Vuguru Launches Robin Cook Prequel, Foreign BodyBeverly Hills-based new media studio Vuguru said Wednesday that it has launched its web series, Robin Cook's Foreign Body The Prequel, a prequel to Robin Cook's upcoming novel, Foreign Body. The studio, which is headed by Michael Eisner, said that the series will air everyday, five days a week, for 10 weeks on YouTube, Veoh, Hulu, blip.tv, Dailymotion, and on its own web site. Vuguru signed a deal in January for production of the series, with publisher G.P. Putnam's Sons. Cyber Group Digital Med (More info...)
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RiffWare Deploys On VerizonPasadena-based RiffWare, which develops an application for managing automotive maintenance information on cell phones, said today that it has released an application on Verizon Wireless. According to the firm, its Miles to Go application allows users to track mileage, schedule oil changes and maintenance, and provide recall and alerts to car owners. The firm said the application runs on BREW and is available for $2.99 from Verizon's store front. RiffWare's founders are formerly from Idealab's ro (More info...)
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Channel M Expands Advisory BoardLos Angeles-based Channel M, which produces out of home video and advertising content, said today that it has appointed Paul H. Irving to its advisory board. Irving is co-chairman and Senior Corporate Partner at legal firm Manatt, Phelps & Phillips, LLP. Channel M is venture backed by Ascend Venture Group, Benedek Investment Group, Integral Capital Partners, and Vintage Capital Partners. Channel M provides content and advertising through in-store video screens and signage, across a range of demo (More info...)
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Interview with Lee Corkran, BrightQubeCarlsbad-based BrightQube (www.brightqube.com) recently raised a round of funding from the Tech Coast Angels, for the firm's online photo marketplace and software. We recently caught up with Lee Corkran, the firm's CEO, to hear more about the company.
What's the idea behind Brightqube?
Lee Corkran: The idea behind BrightQube, is really enabling a broad marketplace for visual media. We looked at the industry around photography, and how it is currently being served--a number of us come from (More info...)
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Teresis Targets CorporationsSanta Ana-based Teresis Media Management, a developer of video production management software, said yesterday that it has extended its product to include the corporate sector. The firm's software is used by producers to manage digital workflow and asset management. According to Teresis, it is looking to make its Teresis Online workflow management products available via a monthly subscription for businesses of all sizes. The company is specifically targeting corporate communications departments u (More info...)
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