Tuesday, May 12, 2009HauteLook Gains $10MLos Angeles-based HauteLook, which operates a private shopping club, said this week that it has raised $10M in a venture round from Insight Venture Partners. According to the firm, the company operates private sales where it offers brands at 40-75 percent off retail prices. Jeff Lieberman of Insight will join the firm's board along with the funding. HauteLook's founders include Adam Bernhard, Brett Markinson, and Konstantin Glasmacher. The funding is the second announced for a private sale firm (More info...)
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D-Link Ups Security On RoutersSaying that attacks on home and small office computers are compromising many networks, Fountain Valley-based networking hardware provider D-Link said today that it is adding a security scheme familiar to many Internet users -- CAPTCHA -- to its hardware. D-Link said that due to recent malicious attacks, which use a victim's wireless router to alter DNS records and divert web traffic, it has added new CAPTCHA security measure to its line of routers. CAPTCHA is heavily used on the Internet, requir (More info...)
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NovaStor Sells Backup OperationsSimi Valley-based NovaStor, a developer of data backup software and related services, announced Tuesday that it has sold its offsite backup service business. According to NovaStor, it sold the service to Data Storage Corporation, one of the firm's partners, based in New York. Financial details of the sale were not disclosed. NovaStor said it sold the service--which allowed customers to back up their data to the company's data centers for offsite backup--to remove the perception that it was compe (More info...)
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WebVisible Ties Into PC MallIrvine-based WebVisible, which provides online marketing for local businesses, said Tuesday that the firm has partnered with catalog retailer PC Mall. According to Webvisible, PC Mall will offer its web advertising programs through its online destination site for business services, MyBusinessMVP. Financial details of the partnership were not disclosed. WebVisible helps businesses market their products online, and is venture backed by Sutter Hill Ventures and Redpoint Ventures.
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Aktino Acquired By Canadian FirmIrvine-based Aktino, a developer of hardware for the telecom industry, has been acquired by a Canadian firm, Positron, Inc. The firms did not disclosed financial terms of the deal, however, said that Aktino will continue to operate from its Irvine location. Aktino develops carrier class, MIMO over Discrete Multitone (DMT) technology, which is used for Ethernet and DS3 over copper. Aktino has previously raised funding from Crosspoint Venture Partners, Foundation Capital, Huntington Ventures, Inno (More info...)
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High Density Networks Finds $1MLos Angeles-based High Density Networks, a provider of Wi-Max and Internet access, announced late Monday that it has raised $1M in a funding round. According to the firm, the investment came from existing investor Certare Ventures and new CEO Barry Pier. High Density Networks said the new funding round will go to expand its customer base. The firm is developing a high speed Internet access service targeted at multi-dwelling units such as apartments and commercial office buildings; the firm said (More info...)
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Society6 Launches Site For ArtistsLos Angeles-based Society6 is launching an online site to help artists find patrons today, saying that it has created a platform which will help artists share their work and exchange opportunities and resources. The company, which was co-founded by former Passenger Co-founder and Chief Innovation and Marketing Officer Justin Cooper, is looking to help artists gain promoters and patrons. The site said it will provide "micro-grants" to artists, and will allow any individual, non-profit organizatio (More info...)
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Quest Announces eDiscovery SoftwareAliso Viejo-based Quest Software disclosed this morning that the firm is planning its own, e-discovery software, which it said it will launch in the third quarter of the year. E-discovery software is used by companies to store and manage documents and records in relation to legal actions. According to Quest, its e-Discovery Manager will help IT, HR, records managers, and legal investigations with collecting, reviewing, and exporting electronically stored information in-house. Pricing on the new (More info...)
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Twiistup Sold To New OwnerTwiistup, the popular Los Angeles technology showcase and networking event started by Mike Macadaan, is announcing today that the event has been sold to a undisclosed, private investor. Financial details of the ownership change were not disclosed. According to Twiistup, it will expand beyond its showoff events to include a full conference agenda, and also be expanding to similar events in other cities. The event's new producer for the events is Francisco Dao. Twiistup said its next event will be (More info...)
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