Thursday, March 12, 2009
Autobytel Sees Online Advertising Revenue Plunge
Irvine-based Autobytel released its quarterly results Thursday, revealing that the firm saw a 35 percent plunge in its advertising revenue, and a 23 percent drop in leads referral revenues last quarter. The firm, which operates a series of automobile related sites, said it had a net loss of $15M on revenues of $14.2M in Q4. Autobytel blamed the steep drop in ad revenues of lower traffic to the company's websites, partially due to reduced search engine marketing activities. For the year, the firm (More info...)

posted on Thursday, March 12, 2009(Full story)

QAD Chops Staff As Revenues Drop
Santa Barbara-based QAD, a maker of manufacturing resource planning software, said Thursday that it has cut its staff, as the firm was "significantly affected this quarter by the impact of the global economic downturn." The firm, which disclosed the cuts in its earnings release, said that the workforce reduction is expected to save the firm approximately $14M annually. Number of employees affected by the move, and timing of the cuts, was not disclosed. The firm reported that it had $59.3M in rev (More info...)

posted on Thursday, March 12, 2009(Full story)

Cornerstone OnDemand Raises $12.7M
Santa Monica-based Cornerstone OnDemand, a developer of talent management and human resources management software, said Thursday afternoon that it has raised $12.7M in a new round of financing. The round was led by Meritech Capital, and also included prior investors Bessemer Venture Partners and Bay Partners. Cornerstone said the funding will allow it to pursue new market opportunities, enhance its offerings, and continue its business and financial growth. The firm also said that it was cash flo (More info...)

posted on Thursday, March 12, 2009 (More)(Full story)

MSC.Software Executives Resign, Firm Names New CEO
Santa Ana-based MSC.Software, a developer of simulation software, said Thursday that its board of directors has named Ashfaq A. Munshi as the firm's interim CEO and President. The sudden move came after current Chairman and CEO, William J. Weyand, and the firm's President and COO, Glenn Weinkoop, decided to resign, the company said. Reasons for the resignations were not given. Munshi has been a director at MSC since September of 2006, and has served at Applied Materials, Silicon Graphics, and Or (More info...)

posted on Thursday, March 12, 2009(Full story)

OptionEase Trumpets Revenues
San Juan Capistrano-based OptionEase, which develops software for tracking stock options compliance, said Thursday that the firm had 300% revenue growth in 2008. The privately held firm did not disclose what those revenues were, or any details on its financials. According to OptionEase, the revenue growth gave it GAAP profitability in January. OptionEase develops software-as-a-service for tracking stock options compliance and the FAS 123(R) and IFRS2 regulations. The company also said it has now (More info...)

posted on Thursday, March 12, 2009(Full story)

YouMail Gets New Competition: Google
Irvine-based startup YouMail has just gotten a new competitor: search engine giant Google, which launched a significantly comparable service to YouMail's voice mail services. YouMail offers a voice mail service which allows cell phone users to preview their voicemail messages in email or on the web, convert those voicemails to text, and provide personalized phone greetings to callers, depending on who is calling. The venture backed startup--which has scored funding from the Tech Coast Angels and (More info...)

posted on Thursday, March 12, 2009(Full story)

Dotmatics Opens Office In San Diego
UK-based Dotmatics, a developer of informatics and business intelligence software, reported today that the firm has opened up new offices in San Diego. The firm said the North American offices for the firm are in Del Mar, and were opened in response to "huge interest" and a rapidly growing customer base in the USA. The firm did not say how many people will be located at its new offices. Dotmatics develops web-based and other software tools for browsing and visualizing biological databases, scien (More info...)

posted on Thursday, March 12, 2009(Full story)

Commission Junction Signs
Santa Barbara-based Commission Junction, the affiliate marketing arm of ValueClick, said Wednesday that online discount retailer has signed on as a customer of the firm. Financial impact of the deal was not disclosed. Commission Junction will manage's affiliate marketing programs, which are used to encourage sales on e-commerce web sites.

posted on Thursday, March 12, 2009(Full story)

Fate Therapeutics Names Chief Scientific Officer
La Jolla-based Fate Therapeutics, a firm developing stem cell technology, said today that it has named Ken Batchelor, Ph.D., as the firm's Chief Scientific Officer. Batchelor joins the firm GlaxoSmithKline, where he was most recently Senior Vice President. According to the company, Batchelor has more than 28 years of experience in drug discovery and development. Fate Therapeutics' founders are from Harvard, Stanford, The Scripps Research Institute, the University of Washington and the Whitehead (More info...)

posted on Thursday, March 12, 2009(Full story)

Xirrus Powers Emergency Response Team
Thousand Oaks-based Xirrus said Wednesday that the firm's Wi-Fi equipment has been selected by the County of San Bernardino, as part of a emergency response system. Financial terms of the win were not disclosed. According to Xirrus, the county's Informatoin Service Department has chosen its hardware to distribute voice, video, and data to County, Federal, and non-profit groups during disaster and recovery operations. The county is using a single Xirrus 802.11n array to its mobile disaster recove (More info...)

posted on Thursday, March 12, 2009(Full story)

CalAmp Names Sales, Marketing VP
Oxnard-based CalAmp, a developer of wireless products, said Thursday that it has named Rick Nozel as the firm's Senior Vice President of Sales and Marketing for its wireless networks business. Nozel joins the firm from General Electric's Microwave Data Systems unit, where he was VP of Sales. Nozel had been at GE for 17 years. CalAmp is a manufacturer of wireless equipment for the public safety, industrial monitoring and controls, direct broadcast satellite, and other industries.

posted on Thursday, March 12, 2009(Full story)

Interview with John Nahm, PhoneVite
Recently, we spoke with John Nahm, the CEO and co-founder of Phonevite (, a new startup in town which recently relocated from Silicon Valley. We caught up with John to learn a little bit more about what the firm's services offer, as well as how the firm ended up moving to Los Angeles.

Explain what Phonevite is?

John Nahm: Phonevite is a community-based, voice broadcasting service, which allows the "average joe" -- or any small organization -- to send event reminders, emer (More info...)

posted on Thursday, March 12, 2009(Full story)

The Third Annual IMA Conference in Las Vegas
The Third Annual IMA Conference in Las Vegas
Monday March 16 to Weds March 18 @ the Sands Expo Center

The The Internet Merchant's Assn (IMA) Las Vegas conference is a great
place to cash in on the next wave of the $34 Billion multi-channel
(Internet, mobile & beyond) e-retail marketplace. Find out the three keys
to thriving, not just surviving in this economy. If you're selling goods
or services online, want to add commerce to your content or community
site, or get affiliates to sell your products this is the conference for

Keynote by: Aaron Magness, Biz Dev guru for
First 10 new people who register will get a chance tour Zappos

Topics to be covered include: what makes Social media profitable? How to
cash in on Twitter promotion and info on the latest tools for SEO and and
comparison shopping engines, and much more. Held in conjunction with the
ASD/AMD Variety Merchandise Show, Gift Expo and Jewelry show organized by
Nielsen Business Media.

Check out the IMA Facebook page at

For more info & to exhibit or demo at the roundtables, call Joyce Schwarz,
JCOM, Marketing & New Media @ 310-822-3119 or email Joyce @

Nominate Your Startup for Under the Radar: Cloud Computing.
Dealmaker Media is announcing a CALL FOR COMPANIES for their 13th Under the Radar conference in Mountain View, CA on April 24, 2009. Do you have what it takes? Apply to be one of 32 cloud computing startups from around the globe to grace the stage in front of Valley VCs, Google, Microsoft, Amazon, Salesforce, Vmware and more.

Cloud Infrastructure | Cloud Platforms | Virtualization | Saas | Mashups | Collaboration | Business Apps | Development Tools | Mobile Office | e-Commerce | Enterprise Social software/networks | Sync / backup

Apply Before January 30:

50% Off Conference Passes:

Seeking Judges For Future Business Leaders Event, Anaheim
The FBLA-PBL is a nonprofit business student organization with a quarter million students preparing for careers in business and business-related fields.

We are looking for judges for the Future Business Leaders of America-Phi Beta Lambda (FBLA-PBL) National Leadership Conference, being held in Anaheim on June 21, 22, 26, and 27.

As a judge for this year’s competitive events in Anaheim, you will find the rising stars of the business community. Over 9,000 of the best and brightest business students from around the country will compete in over 50 events. FBLA-PBL is looking for volunteers like you to help judge our national competitions in the subjects of entrepreneurship, business plans, public speaking, interview, technology, and more…

For more information contact Ray Wu-Rorrer at or 800-325-2946 ext. 129

Sponsored By


Recent Interviews

Browse Issues