Tuesday, September 23, 2008Bankaholic Acquired By BankrateSan Marino, California-based Bankaholic, an online site providing information about certificates of deposit, savings accounts, and money market accounts, has been acquired by Bankrate, Inc., Bankrate said Tuesday afternoon. Bankrate said paid $12.4M for Bankaholic, with an additional $2.5M in earn-out. Bankrate said that John Wu, the founder and sole employee of Bankaholic, will work with the firm for a specified period of time during the transition. Bankrate is a provider of personal finance in (More info...)
posted on Tuesday, September 23, 2008(Full story)
Sequenom Acquires Diagnostics LabSan Diego-based Sequenom, a provider of genetic analysis products, said Tuesday that it has agreed to acquire the Center for Molecular Medicine (CMM), a clinical diagnostics laboratory based in Grand Rapids, Michigan. According to Sequenom, it will pay approximately $4.0M to acquire CMM, in addition to receiving a tax incentive valued at $20M over 12 years. CMM is a joint venture between Spectrum Health and Van Andel Research Institute.
posted on Tuesday, September 23, 2008(Full story)
Interview with Ian Swanson, SometricsAs companies figure out a way to monetize social media, one of the areas which has been lacking is a way to measure the impact and effectiveness of social media advertising. To gain some insight into the area, we spoke with Ian Swanson, one of the founders of Sometrics (www.sometrics.com), which develops software to gather information on social media and optimize advertising. Sometrics is venture backed by The Mail Room Fund, a Los Angeles-based early stage fund backed by Accel, Venrock, and the (More info...)
posted on Tuesday, September 23, 2008(Full story)
YouMail Gets Win With Wireless CarrierIrvine-based YouMail, a provider of a customized voicemail service, announced a partnership today with IMMIX Wireless, a wireless carrier based in Pennsylvania. YouMail said that it will enable IMMIX Wireless to provide its customers with its free cell phone voicemail service. Financial terms of the deal were not disclosed. YouMail operates a free voice mail service which allows users to create custom voice greetings depending on who is calling, and will notify users when voicemails are received (More info...)
posted on Tuesday, September 23, 2008(Full story)
MTV Buys Social ProjectSanta Monica-based Social Project--which was once known as Tagworld--has been acquired by MTV Networks, MTV said Monday. Financial terms of the acquisition were not disclosed. According to MTV Networks, which is a division of Viacom, the acquisition will allow the firm to accelerate its introduction of its Flux social media platform across its portfolio. Social Project is behind the development of Flux, software which allows web publishers to create their own social networking web sites. Accordi (More info...)
posted on Tuesday, September 23, 2008(Full story)
Novatel Wireless Gets FCC CertSan Diego-based Novatel Wireless, a developer of broadband data cards for the wireless market, has received an FCC certification for its new USB modem, the company said today. The firm's new wireless data micro modem provides EVDO Rev A. connectivity for notebooks, PCs, and PDAs. The firm said the new product is expected to be available in Q4. Novatel claims it is the world's smallest USB modem. Novatel's modems are used to connected notebooks and other computers to high speed wireless networks (More info...)
posted on Tuesday, September 23, 2008(Full story)
SendMeHome.com Launches Lost and Found ServiceSanta Barbara-based SendMeHome.com is looking to tap into the honesty of strangers who find lost items, with a free online service to register valuables. The firm, which launched its site last week, said that it will allow users to register personal valuables on the site, and help people who find those items locate their owners. SendMeHome allows users to create labels, which they can print out at home or order from the company, which can be used by anyone finding lost items. SendMeHome said any (More info...)
posted on Tuesday, September 23, 2008(Full story)