Thursday, September 25, 2008Callwave Moves HQ To San FranciscoCallwave, a provider of Internet messaging and voice messaging services, has quietly moved its headquarters to San Francisco from its birthplace in Santa Barbara. A spokesperson for the firm said that the company still maintains operations in Santa Barbara, but moved its new San Francisco headquarters about two months ago. The firm's executive team is now entirely in the Bay Area. According to the firm, the move was in part due to the accessibility to labor pool.
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Ligand Acquires PharmacopeiaSan Diego-based pharmaceuticals firm Ligand Pharmaceuticals said Thursday morning that it has entered into a definitive merger agreement to acquire Pharmacopeia. The deal is worth $70M. According to the firm, the deal is a stock-for-stock exchange plus up to $15M in contingent cash payments. Pharmacopeia is a biopharmaceuticals firm developing small molecule therapeutics; the firm has nine clinical compounds in Phase 2 or Phase 1 development. Ligand has a pipeline of compounds targeted at a wide (More info...)
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Verimatrix Raises Series C Funding RoundSan Diego-based Verimatrix is announcing today that it has now raised more than $20M in funding in its Series C funding round. According to the firm, the additional funding in its Series C funding came from JK&B Capital. The firm had previously announced that Goldman Sachs, and SunAmerica Ventures had invested in the firm's Series C round. Verimatrix said that the funding will go towards business expansion and accelerated deployment of the firm's products. Verimatrix is a developer of encryption (More info...)
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Cherokee International Acquired By Lineage Power HoldingsTustin-based Cherokee International, a manufacturer of power supplies for the datacom, telecom, medical, and other industries, is being acquired by Lineage Power Holdings, the firm said today. According to Cherokee, Lineage Power Holdings, which is owned by private equity firm the Gores Group, will pay approximately $105M in cash for the firm. The deal is worth $3.20 per share of common stock of Cherokee International, which is publicly held on the NASDAQ. The firm said Cherokee will become a d (More info...)
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MySpace Music Goes LiveLos Angeles-based MySpace launched its MySpace Music service last night, the firm's joint venture with EMI Music, SONY BMG MUSIC ENTERTAINMENT, Universal Music Group, Warner Music Group, and Sony ATV/ Music Publishing. The site is an online music community and music store, which allows MySpace members to listen to and purchase music. According to MySpace, the site incorporates the entire music catalog from The Orchard, and will offer both audio and video content. Among features rolled out last n (More info...)
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Cramster.com Finds $3MPasadena-based Cramster.com, an online community focused on students and homework, said today that it has raised $3M in a Series A funding round. The round was led by Mr. Shai Reshef, who the firm described as an online education industry veteran. Cramster.com operates an online community where students can share notes, practice exams, and help others through difficult homework problems; the site targets both college and high school students. Cramster said the funding will go to broaden its sub (More info...)
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Transaction Wireless Scores $2.25MSan Diego-based Transaction Wireless announced this morning that it has raised $2.25M in a Series A funding. The funding came from Mission Ventures and Okapi Ventures. According to the firm, it is developing mobile infrastructure for relationship marketing, including mobile POS and mobile gift cards. Transaction Wireless said the funding will go towards sales and marketing expansion, technology development, and customer deployment. Leo Spiegel of Mission Ventures and Marc Averitt of Okapi Ventur (More info...)
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International Rectifier Names New CFOEl Segundo-based International Rectifier, a supplier of analog semiconductors, said Thursday afternoon that it has appointed Ilan Daskal as the firm's new Chief Financial Officer. According to IR, Daskal was most recently VP of FInance and Business Administration for Infineon Technologies. Daskal has also served at Savan Communication, which was acquired by Infineon, as well as a number of Israeli technology companies. Daskal replaces acting CFO Peter Knepper, who was appointed in April on a tem (More info...)
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