Monday, July 14, 2008MovieBeam Acquired By Indian FirmMovie Beam, the ill-fated movie distribution technology firm funded by Disney, Intel, and Cisco, has been sold again, this time to an Indian firm named the Valuable Group. The Valuable Group said that it has acquired all assets, trademarks, IPR, and alliances of MovieBeam from the last buyer of the firm, Alabama-based Movie Gallery. Financial terms of the deal were not disclosed. Movie Beam had raised over $200M to create a distribution service using broadcast signals to distribute new releases (More info...)
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Cognition Raises $2.7MLos Angeles-based Cognition, which develops search engine technology for understanding English language queries, said Monday that it has raised $2.7M in a new financing round. The firm said the funding came from Draper Associates, Tim Draper, Fingerhut Ventures, and the firm's CEO, Scott Jarus. Cognition is developing semantic natural language processing technology, which uses concepts and meaning in web pages to improve search results. The firm has previously raised funding from the Tech Coast (More info...)
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TriZetto Acquisition Gets Stockholder ApprovalNewport Beach-based The TriZetto Group, a provider of technology for managing healthcare payments, said Monday that it stockholders have approved the firm's acquisition by private equity firm Apax Partners. TriZetto said that 99.8% of shares voted in a stockholder meeting approved the deal, or 79.2% of shares outstanding. TriZetto had announced in April that Apax Partners would buy the firm in a deal worth approximately $1.4 billion.
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Qualcomm Ties With European Research OrganizationSan Diego-based Qualcomm has tied with an European nanoelectronics research institute, IMEC, the firm said today, to work on 3D integration of integrated circuits. According to the firm and the institute, Qualcomm will participate in a program focused on three-dimensional integration of wafer-level packaging and IC-stacking. 3D and IC stacking technology is a major focus of research for semiconductor manufacturers, looking to increase density of systems-on-a-chip. Qualcomm joins Amkor, Infineon, (More info...)
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iRise Adds Single User SupportEl Segundo-based iRise, a developer of software visualization tools, has launched a new single user version of its software visualization and authoring tool. iRise announced its iRise Professional Edition product his morning, saying that the new product would allow individual users to access its software, versus the team and enterprise versions that were available previously. The software is used to simulate an ddesign web applications without requiring programming, and is used primarily for pro (More info...)
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Veoh Takes On Behavioral TargetingLos Angeles- and San Diego-based Veoh Networks, which operates an online, user-generated video site, has launched a new behavioral targeting product aimed at advertisers. Veoh announced the new system this morning, saying that the product will allow its marketers to target their advertising by when they're watching videos, what types of programming their watching, or a particular show. The company claimed that the targeting system will help advertiser lift the performance of their ads, based on (More info...)
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JuiceCaster Upgrades Mobile Social Networking SoftwareLos Angeles-based JuiceCaster annnounced today that the latest version of the firm's service is now available on Alltel. JuiceCaster develops a social networking service for mobile phone users, which has previously available on Alltel. According to the firm, the upgraded version 6.0 software includes new connections into social networking web site Facebook, and messaging system Twitter; social bookmarking with Digg and De-li-cious, ability to post mobile videos to blogs, and new video viewing ab (More info...)
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Conexant Rolls Out PCTV ChipsNewport Beach-based Conexant Systems has rolled out a new line of chips focused on the PCTV market, the firm announced today. Conexant said its new family of broadcast audio/video (A/V) decoders are targeted at allowing consumers to watch television on their personal computers. The new chip line supports capture of both analog and digital broadcast streams through USB. Conexant said that the new CX2310X line is sampling now and will be avialable in volume in September of this year.
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