Tuesday, July 7, 2009Pegasus Biologics Acquired By SynovisIrvine-based Pegasus Biologics, a venture backed developer of collagen-based bioimplants for orthopedic, spine, and neurosurgery, has been acquired by Synovis Life Technologies, Inc. Synovis said that it has signed a definitive purchase agreement to acquire substantially all of the assets of Pegasus, for $12.1M in cash. The asset buyout came after Pegasus "effectively ceased operations" in May, after failing to raise additional capital for the firm. Pegasus Biologics had raised more than $38M in (More info...)
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Zag: "Strongest Sales So far This Year"Santa Monica-based Zag.com, the online automobile buying service headed by Scott Painter, is reporting today that it had what is calls its "strongest sales so far this year" in June. The firm--which provides its car buying service as a private-label offering through affiliate groups such as the AAA and USAA--said it had 20% sales growth in June, and 15% growth on average for the previous three months. The firm did not say what drove the growth, and did not provide any financial details on its sa (More info...)
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SodaHead Connects With Twitter, Facebook, YahooLos Angeles-based SodaHead.com, an online site focused on a combination of news discussion and questions and answers, announced today that the firm has connected the site to Facebook, Twitter, and Yahoo. According to the site, it has added the ability for users to automatically distribute questions and news articles to their online friends and followers, by providing login information to their social ntweorking accounts. The new integration allows users to automatically post questions from the s (More info...)
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Twiistup Selects FirmsTwiistup, the technology and media networking event being held July 30 and 31st at the Universal Hilton, released its list of companies being featured at the event today, saying that it has picked 11 companies to present at the event. The firm said its "Showoffs," who have the opportunity to show their companies to attendees at the event, include 4 Northern California firms, one New York firm, and six companies from the Los Angeles area. Los Angeles area startups presenting include ExpenseBay, E (More info...)
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People Media Acquired By Match.comLos Angeles-based People Media, which operates an online network of vertically focused dating sites, has been acquired by IAC's Match.com. According to Match.com, it will pay $80M in cash for People Media, which operates 27 dating sites, including BlackPeopleMeet.com, SingleParentMeet.com, SeniorPeopleMeet.com, BBPeopleMeet.com and LDSPlanet.com. People Media was owned by American Capital Ltd. Match.com said that People Media had $11.6M in EBITDA in 2008, and has over 225,000 paying subscribers.
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CyberDefender Expands Retail EffortsLos Angeles-based CyberDefender, which develops PC antivirus and antispyware software, announced today that the firm has expanded a prepaid card program it has with Allianex, which will make prepaid cards for purchasing the firm's products available to another 40,000 stores. CyberDefender said the program would make prepaid cards for its products available in 145,000 stores globally. CyberDefender said it May that it had inked a deal with Allianex to increase its retail presence, through point-o (More info...)
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NEXUS Biosystems Gains New FundingPoway-based NEXUS Biosystems, a manufacturer of scientific equipment used to automate handling of samples for pharmaceutical, biotech, agrichemical, and research firms, disclosed this morning that has received a majority equity and growth financing from Telegraph Hill Partners. Amount of the financing was not disclosed, however, a recent regulatory filing from the firm places the round size at $5.0M. According to NEXUS Biosystems, the funding will go towards accelerating commercialization of its (More info...)
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Somaxon Gets $6M In PIPESan Diego-based Somaxon Pharmaceuticals reports today that the publicly held firm has received a $6M, private equity financing. The firm said that the funding came from its existing venture investors, including MPM Capital, Montreux Equity Partners, Scale Venture Partners, Prospect Venture Partners and Domain Associates, as well as new investors Tavistock Life Sciences and others. Somaxon said the cash infusion will extend its cash runway through the second quarter of 2010, and will allow the fi (More info...)
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Quest Software Rolls Out Storage SoftwareAliso Viejo-based Quest Software said today that it has released new software aimed at the storage resource management market. According to Quest, the firm's new product, Storage Horizon, measures storage usage, helps with provisioning, and provides automated storage analysis and reporting. The new product is the firm's first product addressing the storage resource management (SRM) market. The SRM product comes from Quest's acquisition of storage software provider MonoSphere in January of this y (More info...)
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