Friday, May 1, 2009Geni Enhances Collaboration ToolsWest Hollywood-based family tree site Geni has rolled out a slew of updates for the service, saying today that it has added features to help users collaborate with others, map out locations, and see recent photos. Among the new features, the firm said it will now allow users to collaborate with others when building a family tree. The new collaboration feature--only available to paid, "Pro" user on the service--makes it easier for different users to view and edit profiles in the system, and merge (More info...)
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AECOM Buys SavantLos Angeles-based AECOM Technology Corporation, a provider of technical and management support services, said Friday afternoon that it has acquired Savant, a provider of project, cost, and construction management services in Europe. The firm did not disclose terms of the acquisition. AECOM said the move would expand its footprint in Russia, Eastern Europe, and the Commonwealth of Independent States. AECOm is a provider of project management for infrastructure, facilities, environmental, and ener (More info...)
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Entropic Sees Steep Drop In RevenuesSan Diego-based Entropic Communications reported its results yesterday, saying that its net revenues fell to $24.1M, a drop of 18 percent from the fourth quarter of 2008, when it had revenues of $29.5M, and a 43% drop from the first quarter of 2008, when it reported $42.0M. The firm had a net loss of $8.7M. Reasons for the drop in the firm's revenues was not given by the firm, and in a statement the firm's President and CEO, Patrick Henry, said the firm "saw strong momentum" in support of its pr (More info...)
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PhotoThera Gets $50MCarlsbad-based PhotoThera, which is developing laser therapy for the treatment of acute ischemic stroke, said Thursday that it has raised $50M in a Series D round of financing. The round was led by Warburg Pincus, and also included The Vertical Group, Hamilton BioVentures, Delphi Ventures, DeNonov ventures, and individual members of Monterey Advisors, Inc. The firm said the funding will go to a follow-on Phase II clinical study for its products. Alongside the funding, the firm said that Arthur T (More info...)
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Internet Brands: 5 Websites For $1.6MLooking to figure out how much your niche web site is worth? Los Angeles-based Internet Brands reported earlier this week in its quarterly results that it spent $1.6 million for the 5 vertical websites it purchased during the quarter. The firm announced earlier that it would take two of those sites and make them part of a new Money & Business vertical. The three sites that Internet Brands named were FinWeb.com, SmallBusinessNotes.com, and Outblush.com; FinWeb.com had around 50,000 unique visito (More info...)
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Buy.com Launches Perfume StoreAliso Viejo-based Buy.com reported this week that it has launched a new store selling fragrance products. According to the firm, the new store is being launched in conjunction with online fragrance retailer FragranceNet. Details of the business deal were not disclosed. The firm said the launch of the fragrance store is part of a plan to expand into a full health and beauty store, which will offer hair care, skin care, cosmetics, and other personal care products. Buy.com also sells consumer elect (More info...)
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Trident Space & Defense Opens UK OfficeTorrance-based Trident Space & Defense, a provider of electronics for the space, military, and industrial markets, reported today that it has opened up a European office, based in Fareham, UK. The firm--which was formerly TRW Components International--said the new office will provide program management, engineering, and customer support for its European customers. Trident is owned by private equity firm Admiralty Partners.
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Citysearch Launches Another Food SiteWest Hollywood-based Citysearch has launched another dedicated vertical web site Thursday, saying it has created a new site, SugarBomber.com, which will provide photos and reviews of local providers of sweets and desserts. The site--similar to its recently launched 3BuckBites food site--features photos and short snippets reviews of local purveyors of desserts and other sweets. Citysearch said the site is the fourth in a series of what it calls "consumer trend lookbooks," including hair salon sit (More info...)
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QLogic Buys NIC FirmAliso Viejo-based QLogic said Thursday afternoon that it has acquired NetXen, a maker of network interface cards (NIC). According to QLogic, it paid $21M in cash for the firm, which developers Fibre Channel over Ethernet (FcoE) adapters for the storage area networking market. NetXen was based in Cupertino, and was backed by Accel Partners, Benchmark Capital, DAG Ventures, and Integral Capital Partners.
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