Tuesday, August 12, 2008Nirvanix In OEM Software DealSan Diego-based Nirvanix reported Tuesday that the firm has inked a deal to provide its online storage service to Silicon Mountain Holdings, a provider of branded computer products According to Nirvanix, Silicon Mountain is using its product to power a web-based digital locker service, myStorango. Silicon Mountain's service will provide small and medium businesses and consumers with Internet-based data protection. The service is being sold with Silicon Mountain's network attached storage devices (More info...)
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Disney Backs Software Research LabsLos Angeles-based Disney has launched an effort to back two computer science and technology labs, as part of an effort to get top technology universities to conduct research and development for the company. According to Disney, it has launched global research and development labs with Carnegie Mellon in Pittsburgh and Swiss Federal Institute of Technology Zurich. Both are well known for their computer science research efforts. Disney said the two labs will conduct R&D for its Parks & Resorts div (More info...)
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Megapath Acquires IP Merchant SolutionsCosta Mesa-based MegaPath announced Tuesday that the firm has acquired IP Merchant Solutions, a provider of MPLS VPN services for connecting to credit card processors. Financial terms of the deal were not disclosed. MegaPath, which provides managed IP and voice services, said the move will give its merchants a way to access credit card processors through its infrastructure. MegaPath said the service gives a low cost alternative to merchants who need private network-to-network interconnects to cr (More info...)
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Edgeware Analytics Gets Angel FundingSan Diego-based Edgeware Analytics has scored a round of angel financing from the Tech Coast Angels, the firm disclosed this morning. Amount of the funding as not disclosed. Edgeware Analytics develops analytics tools used by lenders to improve underwriting procedures. According to Edgeware, Claude Kordus of the Tech Coast Angels has joined the company's board of directors. Edgeware Analytics targets the small business lending sector. In conjunction with the funding, Edgeware also said it has ap (More info...)
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Red Mango Scoops Up $12MLos Angeles-based Red Mango, a frozen yogurt franchise, said today that the firm has raised $12M in a Series A investment. The round was led by John Antioco, former chairman and CEO of Blockbuster, along with private equity firm CIC Partners. Red Mango said the funding will go towards further development of its brands, and for bolstering its management team. John Antioco will become chairman of the firm's board of directors with the investment. Antioco has served as chairman and CEO of Blockbust (More info...)
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Interview with Josh Greer, Real DBeverly Hills-based Real D (www.reald.com) develops digital cinema equipment which enabled 3D movies. The firm's equipment is behind this season's Journey To The Center Of The Earth, was rolled out with Chicken Little, and has been used for a large number of recent 3D titles at theaters. We spoke with Josh Greer, President and Co-founder of Real D, about the traction the firm is seeing, how the company started, and how it convinced producers and theaters to adopt its technology.
It seems like (More info...)
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Siimpel Scores Design WinArcadia-based Siimpel Corporation, a provider of MEMs-based, optical microsystems, has scored a design win in a Motorola handset. According to Siimpel, Motorola is uses its MEMs-based, continuous autofocus camera within a cellular handset, the MING A1600. Financial impact of the deal was not disclosed, however Siimpel said the handset is the first to integrate its autofocus camera technology. Among features on the handset enabled by the camera are panoramic image stitching, translation and scann (More info...)
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Ceradyne Completes SemEquip BuyCosta Mesa-based Ceradyne announced this morning that it has completed its acquisition of SemEquip, inc. The deal was worth $25M in cash, plus up to $100M in earn out dependent on SemEquip revenues. SemEquip is a developer of cluster ion implantation equipment, used for the semiconductor industry in the manufacturing of logic and memory chips. The firm's equipment is used in ion implantation, an early step in the silicon wafer manufacturing process. The acquisition of SemEquip was originally ann (More info...)
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RF Nano Gets $8MNewport Beach-based RF Nano is announcing today that it has raised $8M in a Series B funding. The firm, which develops carbon nanotubes for the analog electronics market, said the funding was led by Oxantium Ventures. Prior investor Okapi ventures also participated in the round. Dr. Richard Wirt of Oxantium joins the company's board along with the funding. RFNano's carbon naotubes are targeted at the analog and mixed signal semiconductor market; the firm said its processes are compatible with s (More info...)
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RoyaltyShare Scores Funding From William Morris AgencySan Diego-based RoyaltyShare, which develops technology used by record labels to manage digital music royalties, said today that it has scored an investment from the William Morris Agency. Amount of the investment was not disclosed. RoyaltyShare said that the funding came as an extension of the firm's Series B financing round, which was led by Trident Capital and Bertelsmann Digital Media Investments (BDMI). RoyaltyShare's Series B funding originally closed in October of 2007. RoyaltyShare's tec (More info...)
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Strix Expands ProductsCalabasas-based Strix Systems has expanded its line of products, saying Monday that it has added a new product aimed at wireless hot spots. The firm said its new Strix Integrated Hot-Spot Systems provides 802.11a/g wireless access. The firm said the system connects into its Strix Access/One outdoor wireless backhaul systems. The new system is targeted at providing wireless access to mobile home parks, marinas, camp grounds, and other broadband access areas.
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ESET Gets 400,000 Seat Antivirus RenewalSan Diego-based ESET, a developer of antivirus and threat protection software, reported Monday morning that the firm has scored a renewal of a 400,000 license deal for its product. Financial size of that deal was not disclosed. According to ESET, The Ontario Ministry of Education has selected the firm's ESET NOD32 Antivirus software for its network, in a renewal of a license. The deal covers French and English schools in Ontario, Canada.
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