Thursday, March 26, 2009Clarient Gets $50M In PIPEAliso Viejo-based Clarient, a provider of pathology and molecular testing services, said late Thursday that the firm has scored $50M in a convertible preferred stock private placement with venture capital firm Oak Investment Partners. According to the firm, it received $29.1M in the first tranche of funding Thursday, with an additional $10.9M to close within 60 days, and an additional $10M in preferred stock to be sold on mutual agreement of the parties. Clarient said that the initial $29.1M wil (More info...)
posted on Thursday, March 26, 2009(Full story)
Gamer Doc Franchisees to Open Stores in L.A., DelawareIn yet another example of how the computer and video gaming industry seems to be recession proof, retail video game chain Gamer Doc reported Wednesday that two of its franchisees will soon be opening additional stores. The Newport Beach-based company said one of its franchisees plans to open another store in Los Angeles while its newest franchisee will open three more locations in Delaware. Jim Belanger, Gamer Doc's president, noted in a statement that that, despite consumers spending less in to (More info...)
posted on Thursday, March 26, 2009(Full story)
Somaxon Gets Nasdaq WarningSan Diego-based Somaxon Pharmaceuticals, a specialty pharmaceuticals firm in the central nervous system therapeutic area, said Thursday afternoon that the firm has received a warning from the Nasdaq Stock Market. The warning--which is a prelude to delisting--said that the firm did not comply with a minimum $10M stockholder's equity requirement for the exchange. The firm said that it has until April 13th to provide a plan to regain compliance and maintain its listing on the Nasdaq Global Market. (More info...)
posted on Thursday, March 26, 2009(Full story)
ISWest Strengthens Ties With Outsourcing FirmAgoura Hills-based ISWest, a provider of high speed Internet access, colocation, and server hosting, and Los Angeles-based IT outsourcing firm Cal Net, said Thursday that the firms have expanded an alliance to help clients move servers off-site to save money on managing their IT. Details of the expanded partnership were not disclosed. The firms said they have been working together for the last 8 years. Cal Net has offices in Northridge and Anaheim.
posted on Thursday, March 26, 2009(Full story)
WD Ups External Drive CapacityLake Forest-based WD, a manufacturer of hard drives, said this week that it has shipped a new, 2 TB external hard drive. The firm said the new product is the largest available capacity for a single-drive system on the market. The new product is an expansion to the firm's My Book family of hard drives, which the firm markets to PC and Mac home users. The drives area vailable in USB, eSATA, and FireWire interfaces and start at $329.99.
posted on Thursday, March 26, 2009(Full story)
RealD Adds AMC EntertainmentLos Angeles-based RealD, a provider of 3D theater projection technology, has signed on theater firm AMC Entertainment as a customer of the firm. According to AMC and RealD, AMC is set to deploy up to 1,500 RealD 3D screens in the US and Canada. RealD's technology is used in conjunction with digital project systems to enable 3D movie viewing. Financial impact of the win was not disclosed. According to RealD, the deal brings its total committed screens to 8,000 worldwide; the firm said it has appr (More info...)
posted on Thursday, March 26, 2009(Full story)
Interview with Eric Hovanec and Steve Reich, LeisureLink
Yesterday, Pasadena-based LeisureLink (www.leisurelink.com) announced a $6.2M funding round for the firm's travel booking service. We caught up with Eric Hovanec, the firm's CEO, and Steve Reich, the firm's SVP of Sales, to hear more about the funding.
For those who haven't seen LeisureLink before, explain how your service works?
Eric Hovanec: We're a distribution and revenue platform for specialty lodging providers, including vacation rentals, condominium hotels--anything that isn't a (More info...)
posted on Thursday, March 26, 2009(Full story)
Daycom Acquired By Carousel IndustriesSan Diego-based Daycom Systems, a telecommunications provider and consulting firm, has been acquired by a Rhode Island Firm, Carousel Industries. Financial terms of the acquisition were not disclosed. Daycom is a provider of consulting, design, and implementation of voice, data, and IP telephony networks; Carousel Industries provides similar services.
posted on Thursday, March 26, 2009(Full story)
Ripple Lands $4MEl Segundo-based Ripple TV, an out-of-home advertising network, disclosed this morning that it has raised $4M in a venture capital round. The funding came from Draper Fisher Jurvetson and Trinity Ventures. According to Ripple, the firm plans to use the new funding to continue to deliver its services. Ripple places digital screens delivering news, information, and advertising to retail chains such as Borders, Einstein Bros. Bagels, The Coffee Bean and Tea Leaf, Robeks, and others. The new funding (More info...)
posted on Thursday, March 26, 2009 (More)(Full story)