Wednesday, July 29, 2009Internet Brands Traffic Up, Revenues FlatLos Angeles-based Internet Brands reported its quarterly results Wednesday afternoon, reporting that it saw 50 million monthly unique visitors to the firm's websites in June, up 35 percent from 37 million uniques in June of last year. However, the traffic did not appear to benefit the firm's sales, as revenues came in a $23.2M, compared with $25.3M for the similar period last year. The firm was hit by a decrease of around $3.5M in automotive e-commerce revenues, one of the firm's major segments. (More info...)
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Replenish Raises $10.25MPasadena-based Replenish Inc. has quietly raised $10.25M in venture funding, according to a regulatory filing by the firm this week. No details on the firm have been disclosed, however, the firm describes itself as working on a "flexible drug delivery platform". According to the filing, the firm's board members include Sabri Markabi, VP R&D and Chief Medical Officer at Alcon Laboratories, and Mark Humayun, a professor of Opthalmology at the University of Southern California's Doheny Eye Institu (More info...)
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Internet Brands Buys Three Web SitesLos Angeles-based Internet Brands is continuing to buy up small, vertically focused web sites to add to its various consumer focused content networks, saying Wednesday that it has acquired three websites. The firm said it has acquired BusinessMart.com and BusinessFinance.com for its Money and Business vertical, and KidsCamps.com for its Travel and Leisure vertical. Financial terms of the acquisitions were not disclosed. BusinessMart.com is a marketplace of small businesses for sale; BusinessFina (More info...)
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Audyssey Gets Win At JaguarLos Angeles-based Audyssey, a startup whose founders include Tomlinson Holman, inventor of THX, has scored a win with auto manufacturer Jaguar Cars, the firm said this week. Audyssey said that Jaguar will include its MultEQ XT technology in its new Jaguar XJ line of luxury cars. Financial impact of the win was not disclosed. Audyssey's products are based on technology developed at the University of Southern California, and provide correction for distortion in cars and home theaters. The firm als (More info...)
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Interview with Milo Sindell, Knowledge GenieThis morning, Knowledge Genie (www.myknowledgegenie.com) launched a new web site that helps experts and authors publish online information to the web. We sat down and spoke with Milo Sindell, one of the founders of the firm, to learn more about how the firm came about and what it's trying to accomplish.
What is the idea behind Knowledge Genie?
Milo Sindell: Knowledge Genie is a software platform that anybody can use to capture, package, and publish what they know into an interactive online (More info...)
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THQ Gains On UFC TitleAgoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M on sales of $243.5M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. The positive results compared with a loss of $27.2M and sales of $137.6M last year for the same quarter. The quarter, which ended June 30th, reversed a string of big losses and declines for the company over the last year, which resulted in major layoffs and studio closures at the (More info...)
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PowerGenix Hits Retail MarketSan Diego-based PowerGenix, which develops rechargeable batteries based on Nickel-Zinc (NiZn) technology, announced today that its products are now available under its own brand at online retailers Amazon.com, GreenBatteris.com, and DepotEco. PowerGenix, which is backed by $60M in funding from Bessemer Venture Partners, Advent International, Angeleno Group, Braemar Energy Ventures, Granite Ventures, OnPoint Technologies and Technology Partners, said the branded products will be available in four (More info...)
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Novatel Points To PatentsSan Diego-based Novatel Wireless is calling attention to its patent portfolio this morning, on the heels of the firm's continued launch of its personal Wi-Fi hotspot products, saying it now has five key patents covering the technology behind those products. The firm said the five patents include one which is scheduled to be issued on August 11th, and that it has an additional 14 patents related to the technology. Novatel has recently launched a line of products, its MiFi Mobile Intelligent Hotsp (More info...)
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Knowledge Genie Launches Publishing ToolLos Angeles-based startup Knowledge Genie is launching a new, online site today which allows people to publish, share, and sell their knowledge online. The startup, headed by authors and husband-and-wife team Milo and Thuy Sindell, allows book authors and other experts to follow some basic steps to take their expertise and convert it into an online, organized knowledge base--which the firm calls a "genie." The new startup is the outgrowth of work the Sindells did for author and leadership consul (More info...)
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Yahoo Deal With Microsoft May Hit OvertureIn a major deal, search portal provider Yahoo and software giant Microsoft said that the two companies are in a deal where Yahoo will replace its own search engine technology with that of Microsoft--with potentially huge repercussions to Yahoo's Southern California search engine marketing operations. Yahoo and Microsoft said that Yahoo will use the technology behind Microsoft's Bing search engine to power all of the web search aspects of its web site, with Yahoo taking over premium search advert (More info...)
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