Wednesday, September 10, 2008Zag Spins Out TrueCarSanta Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars. The firm said it has scored Series A funding from Zag, Anthem Venture Partners, Global Retail Partners, Capricorn, Capital One Auto Finance, ARcturus Capital, Scott Painter, and co-founder Tom Tair (More info...)
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Sensory Medical Finds $2.5MSan Clemente-based Sensory Medical, a medical device firm focused on Restless Legs Syndrome (RLS), said Wednesday that it has raised $2.5M in a Series A funding. The round came from Salt Creek Medical Device Development. According to Sensory Medical, the funding will go towards launching an FDA clinical study on its devices for treatment of RLS. Jim Voelker of Salt Creek, and Chairman and CEO of InfoSpace, will join the firm's board of directors as part of the funding.
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ReachLocal Expands Into CanadaWoodland Hills-based ReachLocal announced Wednesday that the firm has expanded into Canada, and opened up a new sales office in Toronto for its online marketing services. The venture-backed firm, which helps small and medium sized businesses place Internet advertising, said that its first Canadian location will cater to local businesses in the Greater Toronto area. The new office will be headed by Alyn Glazerman. ReachLocal helps businesses place pay-per-click and other ads through Google, Yahoo (More info...)
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SheKnows Lands Content Deal With HearstLos Angeles-based SheKnows.com, the online women's site owned by AtomicOnline, announced Wednesday that the firm has signed a content syndication partnership with Hearst Magazines Digital Media. According to SheKnows, it will feature select articles each month from Cosmopolitan.com, MarieClaire.com, HouseBeautiful.com, Redbookmag.com, and GoodHousekeeping.com. Financial terms of the deal were not announced. SheKnows said that the deal calls for 50 articles in August, and 30 additional articles e (More info...)
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ProQuo Launches Credit Card SiteSan Diego-based ProQuo, a venture-backed startup focused on helping consumers manage junk mail, said Wednesday that it has launched a new web site focused on helping consumers manage credit card offers. According to the firm, its new service will allow consumers to stop unwanted 'pre-approved' credit card offers, and will help consumers pinpoint cards that will save them the most money. ProQuo said the new site includes a balance transfer savings calculator, reward estimator, and comparison tool (More info...)
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SpiritClips Launches Film SiteLos Angeles-based SpiritClips said today that it has launched a new web site, focused on short films that "impart compassion, hope, courage and strength." The site, which was created by producer Rob Fried (producer of "Rudy" and "So I Married an Axe Murderer") allows users to watch and share films with other users. The site is ad-free, and allows users to either download films for $0.99 each, or to subscribe to unlimited viewing for a year for $24.99. According to SpiritClips, the site is launch (More info...)
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Interview with Michael Jones, TsavoOur interview today is with Mike Jones, former founder and CEO of Userplane and now CEO and founder of a new startup, Tsavo (www.tsavo.com). Userplane was sold to AOL in 2006. Mike recently left AOL and Userplane to work on his new venture, which is focused on the vertical content area. We spoke with Mike a bit more about his firm and what it's working on--as well as heard about his experience with Userplane and what he learned there.
Thanks for the interview. Tell us what you're up to with T (More info...)
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Nexsan In OEM Win With ONStorThousand Oaks-based Nexsan has been selected by clustered NAS storage provider ONStor, in an OEM storage deal, the firms announced today. ONStor and Nexsan said that ONStor will incorporate Nexsan's SATABeast and SATABoy storage systems into ONStor's line of NAS products. Financial impact of the deal was not disclosed. Nexsan develops serial ATA (SATA) based disk storage products, which are used for storing enterprise and other data. Nexsan's SATABeast line is a high capacity storage system supp (More info...)
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