Tuesday, November 11, 2008Victor Tsao Invests In Israeli Semi FirmVictor Tsao, who founded and sold Orange County-based Linksys to Cisco for approximately $500M in 2003, has made an investment in a Israeli semiconductor firm developing chips for multimedia WiFi home networking. According to Celeno Communications, Tsao has invested in the firm and has joined the company's advisory board. Financial terms of the investment were not disclosed. Tsao is investing alongside Greylock Israel, a venture firm where Tsao also serves as special advisor. Tsao founded and bo (More info...)
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Velocity Interactive Group Adds PartnerLos Angeles-based Velocity Interactive Group, the venture capital firm led by Ross Levinsohn and Jon Miller, said this morning that it has added Mickie Rosen as an investment partner at the company. According to Velocity, Rosen will focus on video, music, social media, publishing, games, and online advertising at the firm. Rosen joins Velocity Interactive from Fox Interactive Media, where she was Senior Vice President and General Manager, Entertainment. Rosen headed up FIM's efforts in Rotten To (More info...)
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CODA Genomics Becomes VerdezyneLaguna Hills-based CODA Genomics, which is developing technology for engineering proteins, metabolic pathways and microorganisms for the life sciences, chemical, and biofuels market, said Tuesday that it is renaming itself Verdezyne, Inc. The firm, which is venture backed by OVP Venture PArtners, Monitor Ventures, the Tech Coast Angels, and the Life Science Angels, said the move better conveys the company's focus on manufacturing platform chemicals and biofuels. The firm's technology is being ap (More info...)
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ConfirmNet Acquired By EBIXSan Diego-based ConfirmNet, a provider of software-as-a-service for issuing certificates of insurance, has been acquired by Atlanta-based EBIX, EBIX said Monday. According to EBIX, the deal is worth between $10M and $11M, and is made up of cash and earnout. Both ConfirmNet and EBIX serve firms like AON, Marsh, Wachovia Insurance Services, Hewitt Associates, Kroger, Centex Homes, and others.
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The Active Network Buys Three FirmsSan Diego-based The Active Network, which operates a network of sports- and other online registration services and marketing web sites, said today that it has acquired three companies which provide hunting and fishing licensing technology. According to The Active Network, it has acquire Automated Licensing Systems, Inc, the Central Trust Bank of Missouri's Conservation Licensing Division, and its subsidiary, Outdoor Central, Inc. Financial terms of the acquisitions were not disclosed. According (More info...)
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SodaHead.com Trumpets User WinsLos Angeles-based online social question and answer site Sodahead.com said today that the firm has reached more than 1 million registered users at the site. Sodahead.com, which operates a web site where users can ask and answer questions, share opinions, and network with other users, said that it has now recorded more than 5 million votes and 8 million comments on the site. SodaHead is venture backed by Mohr, Davidow Ventures, Mission Ventures, the Tech Coast Angels, and angel investor Ron Conwa (More info...)
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Specific Media Launches New Ad Targeting PlatformIrvine-based Specific Media said this morning that it has launched a new ad platform, which it says will simplify management and delivery of advertising. According to Specific Media, its new Dynamic Display product allows advertisers to control and customize up to three areas in an ad template, specifically targeted to a user and user profile. The firm said the offering can be used to highlight different products, business locations, and sales incentives based on distinct audience profiles. Appa (More info...)
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Accelrys Inks Deal With Becton-DickinsonSan Diego-based Accelrys, a developer of software for the scientific market, announced today that the firm has inked a deal with Becton Dickinson to include its products in a Becton Dickinson offering. According to Accelrys, Becton-Dickinson will integrate the firm's SciTegic Enterprise Server (SES) product into the BD AttoVision software. Financial impact of the deal was not disclosed. Accelerys' product will be used to improve the analysis, storage, and reporting of images and data generated b (More info...)
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DataDirect Networks Get Win At LLNLChatsworth-based data storage provider DataDirect Networks is reporting this morning that the firm's products have been selected by Lawrence Livermore National Labs (LLNL) for a supercomputer storage installation. DataDirect said that sixteen of the firm's S2A9900 products are being used in LLNL's next generation computational simulation environments. Financial impact of the win was not disclosed. DataDirect Networks manufactures high speed data storage devices, specifically geared toward the hi (More info...)
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