Wednesday, April 29, 2009Internet Brands Buys Two Websites, Targets Money and FinanceLos Angeles-based Internet Brands is expanding its network of vertically focused web sites, saying Wednesday that the firm has acquired two new websites in the money and finance area, and has officially targeted "Money and Business" as one of the firm's key vertical markets. Internet Brands said it has acquired Finweb.com, a site focused on personal finance, and SmallBusinessNotes.com, which provides advice to small business owners. Financial terms of those buys were not disclosed. According to (More info...)
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Boingo Updates Customer Service SiteSanta Monica-based Boingo Wireless, which operates a network of wireless access points through relationships with local Wi-Fi providers, told its users Wednesday that the firm has upgraded its customer service site. According to the firm, users can now reset their own password, and email invoices and receipts to themself. The firm said the new email invoice feature should help users who need access to receipts for expense or tax reporting.
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QLogic Rumored As Acquisition TargetAliso Viejo-based QLogic, a developer of host bus adapters and switches for the storage networking market, is rumored to be the target of an acquisition by data storage giant EMC, according to Barron's. The unsubstantiated rumor comes a week after Broadcom launched a hostile bid for competing Irvine-based storage networking hardware maker Emulex. Both QLogic and Emulex provide host bus adapters (HBAs) and other similar hardware used for data storage networking; the two serve many of the same cus (More info...)
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VCs: Southern California Startups Not Just ContentSouthern California's venture capital industry isn't just content and media, but is gaining a reputation for companies who "actually know how to make money,"--or so says Highland Capital's Richard de Silva. Speaking on a panel on Venture Capital in Hollywood at AlwaysOn's OnHollywood conference yesterday, de Silva said he's now seeing repeat entrepeneurs coming out of Southern California who are just as good, if not savvier about real businesses, as Silicon Valley. de Silva, who is a General Par (More info...)
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Ixia Expands Into Virtualization TestingCalabasas-based Ixia, a provider of network testing tools and systems, has expanded its suite of applications to take on the growing area of data center virtualization. Ixia announced a new product suite, IxVM, targeted at assessing virtual infrastructure performance and capacity. According to Ixia, the new set of products will test both layer 2/3 virtual network resources and layer 4-7 applications, through a specialized version of the firm's IxChariot network testing tool and other associated (More info...)
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Fonality Claims Growth, Cash FlowCulver City-based Fonality, a developer of commercial PBX phone systems based on open source software, is trumpeting "strong financial results" today, claiming that it was cash flow positive in March and has seen a 102 percent annual growth rate. The firm did not, however, disclose actual financials or details on its growth. Fonality's software is used to replace expensive telecom equipment with PC telephony equipment. Fonality claimed that it has seen an increase in sales of applications, call (More info...)
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Buzz Media Names Citron PresidentLos Angeles-based Buzz Media, which operates a network of online media sites focused on celebrities and music, disclosed this morning that it has tapped former TMZ general manager Alan Citron as its new President. According to Buzz Media, Citron will oversee programming, marketing, engineering, and product development at the firm. Citron has been advising Buzz Media since August of 2008. Citron has also previously served as President of MusicNet, President of USA Networks Interactive, and was Ch (More info...)
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Eucalyptus Systems Lands $5.5MSanta Barbara-based Eucalyptus Systems, a developer of software for managing cloud computing infrastructure, has scored $5.5M in a Series A funding round. The firm said the funding was led by Benchmark Capital, along with participation by BV Capital. Eucalyptus is developing open source software for managing deployment on cloud computing infrastructure such as Amazon AWS; the software is a spinout of the University of California, Santa Barbara. The firm was co-founded by Woody Rollins and Rich W (More info...)
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CrownPeak Takes On Social MediaLos Angeles-based CrownPeak has set its sights on the social media space, saying this morning that it has launched a new product which publishes content into social networking sites such as Twitter, LinkedIn, and Facebook. According to Crownpeak, the new product is called the Crownpeak Social Media Publishing Console, and will help marketers manage publishing content to both their own web sites and those social media sites. CrownPeak--which is a developer of content management systems (CMS) for (More info...)
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