Thursday, February 26, 2009Citrix Online Launches Audio Conferencing ServiceSanta Barbara-based Citrix Online is expanding into the audio conferencing business, the firm said, and has launched a new service called HiDef Conferencing, focused on allowing customers to manage audio conferences for up to 500 participants. According to Citrix, the new service will be offered on a monthly plan, and includes web-based features for managing calls, along with connections to voice over IP users using Skype and Gizmo. The service offers unlimited minutes on most plans for Skype an (More info...)
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Symantec Taps UCSB StudentSecurity software vendor Symantec said this week that it has selected three students for a fellowship program, including one UC Santa Barbara graduate student. According to Symantec, it has selected Marco Cova, a doctoral candidate in computer science at the University of California, Santa Barbara, for a fellowship with its Symantec Research Labs. The firm is giving Cova one full year of fellowships, which covers 100 percent of Cova's tuition and fees, plus a research stipend. Cova was selected (More info...)
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Report: ManiaTV Axes StaffLos Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. The Deal said Revision3 is rumored to be a possible buyer for the firm. ManiaTV is a producer of original online content, which it distributes entirely online. The firm moved here in 2007 from Denver.
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DTS In Deal With IntelAgoura Hills-based DTS, a developer of audio technology for the home theater, car audio, and personal computer market, disclosed Thursday that the firm is in a strategic co-marketing agreement with computer chip giant Intel. DTS did not detail the terms of the agreement, but said it would "significantly expand" the firm's presence in the PC space. DTS said it will bring a suite of its technologies to Intel's Mobile Platform. DTS develops an audio decoder, surround sound, and other sound shaping (More info...)
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Connect3 Acquisition CompletesCerritos-based Connect3, a developer of advertising, merchandising, and promotions software, is now officially part of DemandTec, a Bay area firm that develops promotional planning software. Financial terms of the deal were not disclosed. DemandTec originally announced the acquisition in January. Publicly held DemandTec said Connect3's product suite is being incorporated into its End-to-End Promotion Management suite. Connect3's software is used by companies such as Best Buy, The Home Depot, Sho (More info...)
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BridgeCo Gains $6M MoreHuntington Beach-based BridgeCo, a developer of semiconductors for the home media market, announced this morning that it has raised another $6M in financing. The new funding came from the firm's existing investors. BridgeCo is a maker of semiconductors used for media processing in stereos and other audio equipment. BridgeCo's investors include Advent Venture Partners, Balderton Capital, Cipio Partners, Earlybird Venture Capital, ETV Capital, Fidelity Ventures, Intel Capital and Wellington Partne (More info...)
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Row 44 Gets Win With Alaska AirlinesWestlake Village-based Row 44 has racked up another win for its in-flight, wireless Internet services today, as Alaska Airlines announced that it will launch a consumer trial of a Wi-Fi internet services on its planes. Financial impact of the deal was not disclosed. Alaska Airlines announced the trial today, saying the new service--the Alaska Airlines Inflight Wi-Fi service--will be installed on planes in a 60 day trial. Alaska said that after a successful trial period, it will determine a sched (More info...)
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PlaceVine Scores Seed FundingLos Angeles- and New York-based PlaceVine, which operates a web-based service to connect brands and agencies to product placement opportunities in film, television, and new media, said Wednesday that it has scored a round of seed financing from a New York-based angel fund, NYCSeed. Amount of the investment was not disclosed. According to PlaceVine, financing will be used to expand its web service. Placevine operates an online site where both marketers and concent producers can find opportunities (More info...)
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MRV Names General CounselChatsworth-based MRV Communications, a developer of optical networking components, said Wednesday that it has hired on a new Vice President and General Counsel, Jennifer Hankes Painter. According to MRV, Painter joins the firm on recommendation of a Special Committee formed by its board to examine accounting issues. Painter joins the company from The Ryland Group, and has also served at Cadiz, Sullivan & Cromwell, and the U.S. Army Corps of Engineers. MRV has been looking at its stock options pr (More info...)
posted on Thursday, February 26, 2009(Full story)