Friday, August 1, 2008


OnDemand Solutions Acquired By Virginia Firm
Los Angeles-based OnDemand Solutions, a provider of strategic consulting in the software-as-a-service (SaaS) market, has been acquired by a Reston, Virginia firm, Mural Consulting. Mural Consulting did not disclose financial terms of the deal, but said that the consulting will expand its offices to Los Angeles. Julie Citroen and Mike Jalonen, co-founder of OnDemand, are joining Mural Consulting as part of the deal. OnDemand helped independent software vendors on their software-as-a-service effor (More info...)
posted on Friday, August 1, 2008(Full story)

Teledyne Buys Defense Electronics Firm
Thousand Oaks-based Teledyne Technologies said Friday that it is in an agreement to acquire the defense electronics business of Filtronic PLC. The deal is worth approximately $25.7M. Filtronic PLC's Defense Electronics business develops microwave subassemblies and integrated subsystems to the defense industry; those components are used in radar, electronic support, and electronic counter measures systems. According to Teledyne, the Defense Electronics business of Filtronic had revenues of approx (More info...)
posted on Friday, August 1, 2008(Full story)

EZ-Assure Raising $800K
Santa Barbara-based EZ-Assure, a provider of software for managing physical security, parking equipment, and auditing facility security, is raising $800,000 in a Series A1 round, the bulk of which has already closed. Investors in the round include the Tech Coast Angels, the Pasadena Angels, high net worth individuals, the firm's board and employees. According to Mike Hopkins, CEO of the firm, the round began in January of this year, and was oversubscribed; the last closing is expected August 9th (More info...)
posted on Friday, August 1, 2008(Full story)

IR Names VP For Power Business
El Segundo-based International Rectifier, a developer of analog and mixed signal ICs, said Thursday that it has named Tim Phillips as the firm's new Vice President of its Enterprise Power Business Unit. Phillips has been at IR since 2001, and has previously served at Cherry Semiconductor. Phillips will head up product development, systems applications engineering and product marketing for IR's power supply products, including ICs, MOSFETS, voltage regulators, and other products.
posted on Friday, August 1, 2008(Full story)