Thursday, April 30, 2009TweetPhoto Launches Twitter Photo Sharing ServiceSan Diego-based TweetPhoto launched its services Thursday afternoon, saying it will allow users to share photos via the popular Twitter micro-messaging service. The service said that it will allow users to easily upload and automatically publish their photos to Twitter and Facebook. The site--which requires users to share their username and password to twitter--automaticaly geo-tags photos sent from GPS enabled phones, provides information on how many people have looked at photos, plus allows fo (More info...)
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Report: Phoenix Motorcars In Chapter 11Ontario, California-based Phoenix Motorcars, a maker of electric vehicles, has reportedly filed for Chapter 11 bankruptcy. Phoenix Motorcars was backed by Al Yousuf LLC and AES Corporation, and was developing highway-speed, all-electric vehicles the firm had said would have a range of 100 miles. Calls to Phoenix Motorcars for comments on the filing were not returned as of press time.
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Local Startup Takes New Twist On Employee Morale, Sets Up Fight ClubMost companies, when they're looking to raise company morale, might set up a company picnic, Friday night beer bash, or maybe go on a ski trip. Instead, the executives over at Culver City-based Fonality decided on something different: a full blown, mixed-martial arts (MMA) tournament between its employees. Fonality, which is a venture-backed developer of PBX software used for replacing corporate phone systems, is in the midst of its own version of an employee morale-booster: training for the "F (More info...)
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View2Gether.com Gains FundingLos Angeles-based View2Gether.com, which is developing a product which will allow users to watch and share video content in real-time, said this week that it has raised a Series A investment round. Size of the round was not disclosed. According to the firm, the funding came from Australian investors Bruno Charlesworth, Michael Kantor and Steve Castan, along with former Sony Pictures co-President and CBS Television President Jeff Sagansky.
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Platinum Equity Buys Canvas SystemsLos Angeles-based private equity firm Platinum Equity said Thursday that the firm has acquired a majority stake in Canvas Systems LLC, a supplier of used and refurbished IT equipment and services. Financial terms of the deal were not disclosed. Platinum said it purchased Canvas Systems from Atlanta-based OHC, LLC, which also owns IT consulting firm Corus360. Canvas Systems sells refurbished IT equipment, including servers, storage, network equipment, and telephony equipment. The firm is based i (More info...)
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Disney Invests In HuluThe Walt Disney Company is the latest firm to invest in online video aggregator Hulu, saying this morning that it has agreed to join NBC Universal, New Corporation, and Providence Equity Partners as a joint venture partner in the site. According to Hulu and Walt Disney, it will become an equity owner in Hulu, and also distribute its current and library primetime series and feature films through the site. Financial terms of the deal were not disclosed. The two said that full length episodes of su (More info...)
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Day Software Bolsters BoardNewport Beach-based Day Software, a developer of content management software, said this week that it has nominated Barry Bycoff and David Arnott to the firm's board of directors. Bycoff is currently Executive Chairman at Progress Software, and has previously served as a Venture Partner at Pequot Ventures, in addition to founding Netegrity. Arnott is CFO of TEMENOS Group AG, and also has served at Socieete Europeenne de Communication and Anglo-American plc. Publicly held Day said the two will sta (More info...)
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Everbridge Raises $2MLos Angeles-based Everbridge, a provider of emergency notification systems, announced Wednesday that the firm has raised $9M in a Series A financing. The funding came from ABS Ventures. According to Everbridge, the new funding will go to pursue new market opportunities, enhance its offerings, and grow its business. Everbridge--which recently changed its name from 3n Global--claimed the funding came after seeing record revenue in Q1 of the year. The firm's services are used for mass calling and o (More info...)
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Microsemi Buys RF Product ProviderIrvine-based Microsemi, a manufacturer of analog and mixed signal semiconductors, announced today that it has acquired the Defense & Security Business of Endwave Corporation, a developer of high frequency RF circuits. According to the firm, it will pay $28M in cash plus assume specific liabilities for Endwave's defense and security business, which supplies RF semiconductors to Boeing, Lockheed Martin, Northrop Grumman, and others. Microsemi explained that it will expand the unit's products into (More info...)
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Language Weaver in Deal With Software FirmLos Angeles-based Language Weaver, which develops language translation software, has inked a new deal with a UK-based developer of enterprise software for managing content translation. According to Language Weaver, the deal is with SDL, which provides translation products for online support, technical documentation, and e-commerce customers. Language Weaver said that SDL will use its translation software within its software. Financial terms of the deal were not disclosed.
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