Tuesday, June 24, 2008
MSC.Software Buys The MacNeal Group
Santa Ana-based MSC.Software, a developer of software for the CAD/CAM simulation market, said Tuesday that it has acquired MacNeal Group, a provider of simulation software for systems design. Financial terms of the acquisition were not disclosed. The MacNeal Group develops computer aided engineering (CAE) software for simulating parts designs. MacNeal's software is based on NASTRAN, a finite element analysis software package which MSC.Software developed for NASA in the 1960's to simulate CAD des (More info...)

posted on Tuesday, June 24, 2008(Full story)

Digital Insight Signs Credit Union Organization
Calabasas-based Digital Insight, the digital banking firm owned by Intuit, said yesterday that the firm has signed a strategic relationship with the Credit Union National Association Strategic Services (CUNA Strategic Services). According to the company, CSS has named Digital Insight as its preferred provider of online banking products and services. Financial and other details on the strategic relationship were not disclosed. Digital Insight is a provider of online bill payment and online Intern (More info...)

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Nirvanix In Deal With CDN Firm
San Diego-based Nirvanix said yesterday that it has inked a strategic partnership with content deliver network (CDN) firm CDNetworks. According to Nirvanix, which provides online storage-as-a-service, CDNetworks' customers will be able to store unlimited content on the Nirvanix service. Financial details of the arrangement were not announced. CDNetworks is a provider of content deliver network services for online video and data files. Nirvanix is a provider of online storage, available programma (More info...)

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AMO In Patent Deal With Alcon
Santa Ana-based Advanced Medical Optics said Tuesday that it has entered into a patent cross-licensing agreement with Alcon. According to the firms, Alcon will pay AMO $31M, and AMO will pay Alcon $10M in the deal. The patent covers technology for lubricious intraocular lens (IOL) inserters and one-piece IOL haptic designs. AMO is a developer of ocular surgery products and devices, as well as laser vision correction systems. AMO said it expects to receive the $21M proceeds in the second quarter (More info...)

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AeA Releases High Tech Employment Figures
The AeA, a technology trade association, released its annual high technology employment report today, the Cybercities 2008. The report shows employment levels in the Los Angeles, Orange County, and San Diego areas of high tech workers, based on 2006 data. According to the AeA, Los Angeles had 172,200 people employed in the high tech industry in 2006, the sixth largest in the nation; Orange County had 100,900 jobs; and San Diego had 106,400, which ranked the area as the nationís 13th largest cybe (More info...)

posted on Tuesday, June 24, 2008(Full story)

Aptera Hires Marketing Exec
Carlsbad-based Aptera Motors, the Idealab-backed hybrid-electric vehicle maker, said today that it has hired on Tony Kirton as its new Chief Marketing Officer. Aptera said that Kirton joins the firm after serving as an independent marketing and brand consultant; he has previously served at Audi of America, Volkswagen & Audi, and Chief Marketing Officer of BMW's South African marketing and manufacturing subsidiary.

posted on Tuesday, June 24, 2008(Full story)

GreatCall Raises $38M In Third Round
Del Mar-based GreatCall, which operates the Jitterbug mobile phone service, said this morning that the firm has raised $38M in a Series C funding round. The round was led by Court Square Ventures, and included existing investors Steelpoint Capital, Charles River Ventures, Nauta Capital, and the firm's founders, Marty Cooper and Arlene Harris. GreatCall said that Sumitomo also participated through a conversion of previously issued notes. GreatCall's Jitterbug service is focused on providing a sim (More info...)

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Quest Software Links With Virtualization Software Maker
Aliso Viejo-based Quest Software said Tuesday that it has joined up with virtualization software maker Parallels, to launch a new software bundle for centralized Windows deployment and management. Financial aspects of the deal were not disclosed, however Quest said that the new software combines Parallels server virtualization software, and Quests's desktop brokering and management software, Provision Networks Virtual Access Suite. The software bundle is targeted at the desktop virtualization ma (More info...)

posted on Tuesday, June 24, 2008(Full story)

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