Monday, May 4, 2009
Aleratec Hires Sales, Marketing VP
Chatsworth-based Aleratec, a manufacturer of hard drive, DVD and CD duplication and other hardware, said Monday that it has hired on Howard Wing as the firm's Vice President of Sales and Marketing. Wing joins the company from Plextor, where he was VP of Sales and Marketing. Aleratec's hardware includes hard disk duplicators, and DVD and CD publishing products. Aleratec's products are sold through online and other retailers.

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Onestop Internet Raises $13.3M
Rancho Dominguez-based Onestop Internet, a developer of e-commerce web sites for brands, has raised $13.3M in a later stage, Series A funding from Bessemer Venture Partners, one of the firm's co-founders, John Tomich, told socalTECH Monday afternoon. According to Tomich, the funding round is going toward expansion, and was used in part to purchase Billion Dollar Babes, a operator of private sales for the fashion industry. Tomich said that Onestop Internet has 130 employees, is profitable, and th (More info...)

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MyLife Snags CTO From Expedia
Los Angeles-based MyLife, the online people search firm backed by Oak Investment Partners, announced today that it has named Paul Onnen as its Chief Technology Officer. Onnen joins the firm from Expedia, where he was EVP of Technology, where he managed technology and IT operations for,, NewTrade, eLong, and Hotwire. Onnen has also served at Cisco, WebMD, and MyLife is headed by Jeffrey Tinsley, and is the result of the merger of and Wink.

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Emulex Rejects Broadcom Acquisition
Costa Mesa-based Emulex said this morning that it has rejected the unsolicited takeover attempt from Irvine-based Broadcom, saying the proposal "significantly undervalues" Emulex. Emulex Executive Chairman Paul Folino said the proposal was "an opportunistic attempt" by Broadcom. Among other points cited by Emulex, the firm said the offer "significantly undervalues" the firm's long-term prospects, was timed to take advantage of Emulex's "depressed" stock price, and came because Broadcom was "uniq (More info...)

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Demand Media: Man Delivers Baby Using Video
Santa Monica-based Demand Media reports that a man in the United Kingdom used a instructional video on the firm's site, Expert Village, to deliver his wife's baby. Instead of rushing his wife to the hospital, the firm said that engineer Marc Stephens instead logged onto his computer and looked up how to deliver a baby using one of the videos the site had produced back in 1996. Expert Village is Demand's online video site which features experts explaining information on various topics. The Expert (More info...)

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Hirsch Electronics Merges With SCM Microelectronics
Santa Ana-based Hirsch Electronics, a provider of physical security and access control electronics, has become part of SCM Microsystems. According to SCM Microsystems, Hirsch has become a wholly owned subsidiary of the firm this morning. Financial terms of the acquisition were not disclosed. Hirsch develops physical access control hardware, including keypads and card readers. The deal was first announced in December.

posted on Monday, May 4, 2009(Full story)

Power-One In Patent Deal With Infineon
Camarillo-based Power-One, a developer of power supplies and power conversion devices, said today that the firm is in a patent licensing deal with Infineon Technologies AG. Power-One said the patent covers its digital power technology patents. Financial impact of the licensing deal was not disclosed.

posted on Monday, May 4, 2009(Full story)

BakBone Acquires Asempra
San Diego-based Bakbone Software, a developer of data protection and backup software, announced this morning that it has acquired "certain assets" of Asempra Technologies. According to BakBone it will pay 3,846,154 shares of stock plus approximately $350,000 in cash for Asempra, which developed real-time data protection and recovery software for the Windows market. The deal is worth approximately $1.9M. Asempra was venture backed, having raised at least $29M in funding from Menlo Ventures, Polar (More info...)

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SAIC Gains $96M Contract
San Diego-based Science Applications International Corporation (SAIC) disclosed today that the firm has received a $96M contract from the U.S. Marine Corps. SAIC said the prime contract covers chemical, biological, radiological, and nuclear (CBRN) and incident response program support. SAIC is a provider of scientific, engineering, and other consulting and services to the U.S. Department of Defense, other U.S. agencies, and commercial companies.

posted on Monday, May 4, 2009(Full story)

Panda Security Hires Marketing Head
Panda Security, a developer of IT security products, said this morning that it has hired a new head of Marketing for the firm's US division, Panda Security USA. Panda Security USA, which is based in Glendale, has hired on Jack Hao from Fry's Electronics. The firm said that Hao was in charge of purchasing and marketing Fry's productivity software category, which included Internet security products and system utilities.

posted on Monday, May 4, 2009(Full story)

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