Friday, March 20, 2009Baroda Ventures Snags Lee As PartnerBeverly Hills-based Baroda Ventures, an early stage venture capital fund, has hired on Peter Lee as a new Partner at the firm. Lee joins the firm from Prism Ventures. Lee has also served at Clearstone Venture Partners, Fortis Partners, Goldpocket Interactive, and McKinsey & Co. According to Lee, his last day at Prism Ventures will be Monday. Baroda Ventures is the venture capital firm run by Geocities founder David Bohnett; the firm's investments have included LowerMyBills, Stamps.com, UnitedOnl (More info...)
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EMRISE Sells DivisionRancho Cucamonga-based EMRISE, a manufacturer of defense and aerospace electronics, said Friday that it has sold "substantially all" of the assets of the firm's Digitran Switch Division. The deal was worth $12M in cash. EMRISE said it sold the division to Massachusetts-based Electro Switch Corp. The deal included all of the assets of Digitran, plus all of the capital stock of XCEL Japan Ltd., the sales office for Digitran. EMRISE said the move is part of an effort to divest non-core businesses a (More info...)
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ISWest Gets Court WinAgoura Hills-based ISWest, a provider of server colocation and Internet hosting services, has had a trademark infringement claim upheld by a U.S. District Court in Pasadena. According to court filings, ISWest had filed a trademark infringement claim against Milon-Digiorgio Enterprises in 2005, alleging that the firm's use of the name ISPWest was confusing to consumers. ISWest won that suit, gaining an injunction on Milon-Digiorgio's use of the ISPWest mark, but no damages. Milon-Digiorgio appeal (More info...)
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Universal Sports Taps Ooyala For Video DistributionSanta Monica-based Universal Sports, which operates an online sports television channel, has tapped video streaming provider Ooyala for its online video distribution efforts. According to Ooyala, Universal Sports will use its video publishing and monetization platform to deliver its video archives to 25 partner web sites, including skiracing.com, skireport.com, skispace.com, trackandfieldnews.com, tilastopaja.org, intlgymnast.com and fasterskier.com. Financial details of the effort were not dis (More info...)
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Emergent Adds Two to Executive StaffEmergent Game Technologies reported Thursday that it has added two executives to its management team. The Calabasas-based publisher of video game development tools said it has appointed Amanda Cinfio director of business development and Tim Flett manager of developer relations. Emergent said Cinfio possesses more than 16 years of publisher and developer relations experience, including a decade with Sony Computer Entertainment. She has also worked for Accolade Europe and for GT Interactive Softwa (More info...)
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Interview with Dan Yomtobian, ScourDan Yomtobian is CEO and founder of Sherman Oaks-based Scour (www.scour.com), a meta-search engine which adds social features such as voting and comments to Internet search. Scour is an offshoot of a PPC advertising firm, ABCSearch, which was also founded by Dan. We talked with Dan to learn more about Scour, how it started, what he's hoping to do with it, plus learn more about the firm's hiring plans.
What is Scour?
Dan Yomtobian: Scour is a social search engine, which meta searches Google (More info...)
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Ingram Micro To Sell Danish Unit, Restructure OperationsSanta Ana-based Ingram Micro, a distributor of technology products, announced today that it is selling off its operations in Denmark, and will restructure its operations in the Nordic countries of the EMEA. According to Ingram Micro, it intends to close its distribution businesses in Finland and Norway, following regulatory approvals, in addition to selling its Danish operations to German distributor Actebis Group. Financial terms of the Danish sale were not disclosed. The firm said the moves wo (More info...)
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Overland Dodges DelistingSan Diego-based Overland Storage is reporting this morning that the firm has been informed by the Nasdaq, that the Nasdaq has withdrawn a notification over the firm's compliance with listing maintenance standards. According to Overland, the Nasdaq says the company currently meets alternative maintenance standards for listing on the exchange. Overland had received a warning--the first step in delisting--from the Nasdaq in February. According to Overland, the compliance came, in part, due to the N (More info...)
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Advantar Laboratories In Deal With NextPharmaSan Diego-based Advantar Laboratories, a provider of contract laboratory services to the drug development industry, has signed an agreement with UK-based firm NextPharma Technologies, a pharmaceutical product development, contract manufacturing, and outsourcing service. Financial terms of the deal were not disclosed. According to NextPharma, Advantar will provide it with finish services including lyophilization, packaging, labeling, storage and shipment of clinical materials to clinical sites. (More info...)
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Cogent Signs DistributorPasadena-based Cogent Systems revealed Wednesday that it has signed a Canadian firm as a distributor of its BioGate line of commercial biometric readers. Cogent said the distributor, Keyscan Inc., will also become Cogent's largest private-label customer. The financial impact of the new business was not disclosed. Founded in 1984 and headquartered in Whitby, Ont., Keyscan is a privately-owned manufacturer of building access and security equipment. According to Cogent, Keyscan also maintains a dis (More info...)
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Digitaria Hires VPOnline marketing firm Digitaria reported earlier this week that it has hired Sunil Bhagwan as vice president of search. The San Diego-based company described Bhagwan as a veteran of the Web marketing industry with nearly a decade of leadership experience. Most recently, Digitaria noted, he was senior director of business development at interactive marketing firm Business Online. Before that, Digitaria added, he worked for WebSideStory (now Web analytics firm Omniture) and computer chip maker Int (More info...)
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