Friday, April 10, 2009
Nirvanix Gains $5M
San Diego-based Nirvanix, a provider of Internet-based storage services, has raised $5M out of a $6M venture capital funding round, according to a regulatory filing. The filing, which was filed Friday, said that the funding came April 3rd. Details of the funding were not disclosed. Nirvanix is venture backed by European Founders Fund, Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

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Interview with Jim Belanger, Gamer Doc
One of the few bright spots in the economy recently has been the video game industry, and in particular, video game retailers. One of those retailers -- Gamer Doc ( is based in Newport Beach, and we caught up with Jim Belanger, the firm's President, to dig deeper into why video game retailers seem to be doing slightly better than others. Unlike most of the firms we talk to, Gamer Doc operates as a franchise, and we also talked with Jim about that business.

Tell me why you thi (More info...)

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X Prize Foundation To Set $10M Health Care Competition Rules
The X PRIZE Foundation, the Playa Vista-based nonprofit using multimillion dollar prizes to drive innovation, said Thursday that the firm will announce the initial prize parameters for its $10M+, Healthcare X PRIZE next week. According to the firm, the parameters for the prize--which is focused on improving health care--were developed by a group of prominent health care providers, thought-leaders, and academic and political advisors. The prize is being funded by Wellpoint. The healthcare prize i (More info...)

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NTS Gets Defense Win
Calabasas-based National Technical Systems, a provider of engineering services to the defense, aerospace, communications, and other markets, said Thursday that the firm has gained an award from the Naval Surface Warefare Center (NSWC), Indian Head Division. According to NTS, the contract covers engineering services and rapid response testing support for research, development, testing, and evaluation of components, equipments, and systems for the Department of Defense.

posted on Friday, April 10, 2009(Full story)

Toshiba America Business Solutions Names CEO
Irvine-based Tosihba America Business Solutions, the business unit of Toshiba which manages the firm's copiers, fax, printing, and other products in the U.S., said Thursday that it has named Masahiro Yamada as the firm's Chairman and CEO. According to the firm, Yamada has been at Toshiba since 1985, and was most recently deputy General Manager in the firm's Japanese Document Systems Business Group, overseeing American and European MFP operations. Toshiba America Business Solutions has 3,420 empl (More info...)

posted on Friday, April 10, 2009(Full story)

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Seeking Judges For Future Business Leaders Event, Anaheim
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OnHollywood - April 27-29th, West Hollywood
April 27th—29th, 2009, Sofitel Hotel, West Hollywood, California

Co-Presented by AlwaysOn, Morgan Stanley, and

socalTECH is proud to be an affiliate partner of the upcoming OnHollywood event, where cutting-edge technology CEOs from the back streets of Silicon Valley meet the Hollywood digital entertainment and media elite. This two-and-a-half-day executive event features high-level debates on which forces are disrupting user behavior and creating new opportunities, content strategies and monetization schemes in the video, music, gaming, search, and mobile industries.

Friends of socalTECH click here to register and take advantage of the exclusive 50%-off discount:

Seven hundred technology, entertainment and media CEOs, studio heads, business development officers, advertising producers and buyers, venture capital and private-equity investors, and leading members of the press and blogging community will attend OnHollywood. Thousands more from over 100 countries will tune into the live OnHollywood webcast.

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