Friday, July 24, 2009
Need Office or Tech Space? Think Glendale

Solarflare Promotes Engineering VP
Irvine-based Solarflare said late Friday that it has named a new, Senior Vice President of Engineering, Danny Shamlou. According to the firm, Shamlou will be responsible for all of the firm's engineering functions. Shamlou was most recently the firm's VP of VLSI Design, and has also served at Starport Systems, Mindspeed and Conexant. Solarflare is a venture-backed developer of 10 Gigabit Ethernet and controller chips. The firm has received funding from Oak Investment Partners, Anthem Venture Par (More info...)

posted on Friday, July 24, 2009(Full story)

Lottay Gains Funding
Newbury Park-based Lottay, an online site focused on social "gifting" applications, has raised around $200,000 in a round from DFJ Frontier, socalTECH has learned. No details on the funding have been announced by the firm, however, DFJ Frontier now lists the company as a portfolio firm, and DFJ Frontier's David Cremin is listed as a board member at the company. Lottay's online web site allows people to help buy gift cards and collect money from friends and family for those gifts. The firm was st (More info...)

posted on Friday, July 24, 2009(Full story)

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Thanks to all of the sponsors and advertisers, who allow us to keep you updated on

Southern California's high tech news and companies. They include:


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Epic Sciences Raises $2.5M
San Diego-based Epic Sciences, a stealth mode startup which appears related to the Scripps Research Institute, has quietly raised $2.5M in a funding round. Epic is developing analytical laboratory instruments. The funding for the firm was disclosed through the PricewaterhouseCoopers/NVCA MoneyTree report earlier this week, based on data from Thomson Reuters. Epic Sciences' legal counsel is DLA Piper.

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Neudesic Buys Sharepoint Hosting Firm
Irvine-based Neudesic, a systems integrator focused on Microsoft products, announced this week that it has acquired the hosting operations of Avitiva, a Seattle provider of Microsoft SharePoint hosting. Financial terms of the acquisition were not disclosed. The firm said the acquisition will offer its clients customizable and managed SharePoint hosting, and that it would hire Avitiva's Chief Software Architect and team along with the buy. Neudesic has 14 nationwide offices as well as offices in (More info...)

posted on Friday, July 24, 2009(Full story)

Autobytel Revenues Drop, But Losses Stabilize
Irvine-based Autobytel, which provides automotive information and an online lead referral business for automotive dealers, reported its results Thursday, reporting that it had revenues of $13.4M for Q2, down from $19.0M for Q2 of 2008. The firm had a net loss of $251,000. The firm said that it continued to see declines in its lead referral revenue, which was down 33% from the prior year, roughly matching the decline in U.S. light vehicle sales. However, the firm said its cash and cash equivalent (More info...)

posted on Friday, July 24, 2009(Full story)

Executive Moves - sponsored by
Check out's summary of executives moves, sponsored by! Get a complete rundown of significant hires, promotions, and
more from socalTECH, generously sponsored by NeoHire (
which provides executive search services for Southern California's high
tech community.

Product Marketing Manager - Cox Communications - Orange County
Cox Communications - Orange County was recently ranked 2nd amongst Employers Group'sŪ, "California's Best Places to Work - 2008" in the Large Companies category. Our most valuable resource is our people. In our effort to keep Cox a place where our associates remain healthy, motivated and productive, we offer a wonderful benefits package.

We are seeking a Product Marketing Manager, who plans, develops, and implements marketing programs designed to increase product penetration of commercial customers. Works with Director of Marketing to develop annual unit, revenue and expense budgets for all product lines and is responsible for meeting the revenue and profit goals.

To apply, go to

MOTM : Making Money through Enjoyment - 7/28 - Westlake Village
MOTM : Making Money through Enjoyment
Come get inspired with entrepreneur Aaron Ross

For July, it's our honor and privilege to have Aaron Ross present. A Stanford alum, Aaron wrote the book on sales 2.0. While Senior Director of Corporate Development & Acquisitions at, he grew the B2B sales division to $100M. He'll give us insight on how he did it. Aaron has an ability to make sales simple and fun. Aaron has a new business that he's launching called CEO Flow that he'll be sharing with us as well.

Four Seasons Westlake Village, July 28th, 7:30pm until 10:30pm

Learn more at:,event=0bebddaf5e00&pb=1

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

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