Tuesday, June 17, 2008
M2 Technology Partners Gets Investment From Accel-KKR, Targets Software Firms
Laguna Hills-based M2 Technology Partners, LLC, a new investment firm focused on the software and services business, said Tuesday that it has launched with sponsorship from technology focused private equity firm Accel-KKR. The new firm is headed by Mark Duffell and Michael Piraino, both formerly of Epicor Software. According to the firm, M2 will focus on middle market enterprise software businesses that are looking for operational expertise or are ready for consolidation. Duffell was most recent (More info...)

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Revver In Distribution Deal With Revision3
Los Angeles-based video sharing web site Revver said Tuesday that it has inked a deal with technology video content provider Revision3 to publish shows on Revver's web site. According to the two, they are in an agreement to bring Revision3's shows to Revver's network, starting with "Scam School" and eventually including content from Diggnation, iFanboy, Tekzilla, and popSiren. Financial terms of the deal were not disclosed, however the two said that the relationship will provide incremental adve (More info...)

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Researchers Use Cell Phones, Facebook For Green Measurement
University of California Los Angeles researchers said this week that they have created a project which allows users to connect their cell phones and an application, as well as the Facebook social networking web site, to measure their personal impact on the environment. The UCLA researchers said that their new project, the Personal Environmental Impact Report (PEIR) lets users upload data from GPS-equipped mobile phones, to calculate carbon emissions and how people's driving and other travel affe (More info...)

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CEIVA Logic Sues Digital Photo Frame Makers
Burbank-based CEIVA Logic, a manufacturer of photo frames and online photo services, said Tuesday that it has filed a patent infringement lawsuit against two companies, Frame Media, Inc. and Digital Spectrum Solutions, Inc. According to the firm, CEIVA asserts that Frame Media's FrameChannel photo sharing service, and Digital Spectrum's web enabled pictures frames infringe on a patent granted to the firm. CEIVA is looking for damages for the patent infringement, and an injunction on the two firm (More info...)

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MMFX Technologies Raises $55M In Debt
Irvine-based MMFX Technologies Corporation said Tuesday that the firm has received a $55M secured debt financing commitment for the firm's material science technology. According to MMFX, the firm uses nanotechnology to manufacture high-strength, corrosion-resistant steel. The funding will go towards startup of the firm's Welland, Ontario, Canada steel mill facility. Axiom Capital Management acted as the agent on the financing. According to MMFX, $27M of the financing has been received, with the (More info...)

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Dispensing Solutions Spins Out New Company
Santa Ana-based Dispensing Solutions, a provider of services to the pharmaceutical supply chain, announced today that it has carved out technology from the firm to form a new company, POC Network Technologies Inc. According to Dispensing Solutions, it has carved out the firm's eDispense technology and related assets into the new firm. The firm's eDispense technology is used for point-of-care medication dispensing programs, prescription claim management, and claims submissions. According to Dispe (More info...)

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Specific Media Targets Political Advertising
Irvine-based Specific Media, an online advertising network, announced this morning that the firm has launched a new, specialized political targeting solution. The firm said that the new product will allow advertisers to anonymous target consumers by party affiliation, segments, and issues. Specific Media operates an online ad network which allows advertisers to target ad viewers by different demographics; the latest offering is targeted at taking advantage of political advertising ahead of the p (More info...)

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Solarflare Raises $26M
Irvine-based Solarflare Communications said today that it has raised an additional $26M in venture funding. The new round was led by Oak Investment Partners, and also included Foundation Capital, Accel Partners, and Amadeus Capital Partners. Solarflare is developing 10 Gigabit Ethernet semiconductors, including PHY and MAC chips. Solarflare's CEO, Russell Stern, told socalTECH that the new round would go towards new development, and to take its recently announced products into production. Stern (More info...)

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Demand Media, Lance Armstrong Launch Web Site
Santa Monica-based Demand Media and the Lance Armstrong Foundation said today that they have launched LIVESTRONG.COM, an online web site focused on helping people to change their lives. According to the firms, the new site will offer online tools and content to help individuals in the areas of health, fitness, and lifestyle. The new site is launching with over 15,000 professional articles and videos, food profiles, and a collection of health question-and-answers. Demand Media operates a network (More info...)

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CyberDefender Adds Advisor
Los Angeles-based security software firm CyberDefender announced today that it has added Sean Whiteley, co-founder and former CEO of RealtyTracker, as a special advisor to its board of directors. Whiteley sold RealtyTracker to Guthy-Renker Home in March of 2007. Whiteley has also served as VP of Operations at Xdrive Technologies. CyberDefender said that Whiteley will brings his underatanding and practical knowledge base to the firm. CyberDefender is a provider of Internet security software which (More info...)

posted on Tuesday, June 17, 2008(Full story)

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