Friday, August 7, 2009Edmunds.com: Cash For Clunkers Driving Prices UpSanta Monica-based Edmunds.com, the online automotive information site, said Friday that the Cash for Clunkers program is increasing prices on cars, and has resulted in shoppers getting less of a discount off sticker price for those automobiles. The online site said that, according to its numbers, discounts have dropped fairly dramatically on some models, such as the Dodge Caliber, where dealers were on average discounting prices off sticker by 11.7 percent before the program, and now are only d (More info...)
posted on Friday, August 7, 2009(Full story)
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Surfware Gets Customer WinCamarillo-based Surfware, a developer of CAD/CAM software, announced Friday that the firm has signed the School of Engineering at the University of Alabama, Birmingham (UAB) as a customer. The firm said that the company is the 25,000 seat of the firm's software, which is used for designing milling plans for computer-aided-manufacturing systems. The firm's software helps guide hardware for machining parts. Surfware was founded in 1988.
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ShopIt Acquired By AltrinsicLos Angeles-based ShopIt, which develops online, e-commerce software which allows people to buy and sell products through social networking sites like Facebook and MySpace, has been acquired by Altrinsic. Financial terms of the acquisition were not announced. ShopIt was venture backed by Emerson Ventures and Propulsion Ventures, and had raised $2.5M in a Series B in October. Publicly held Altrinsic, which is based in New York, said that ShopIt will become part of its Atrinsic Media network, its (More info...)
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ChemNavigator Acquired By Sigma-AldrichSan Diego-based ChemNavigator, a developer of informatics tools for the pharmaceutical industry, has been acquired by scientific equipment firm Sigma-Aldrich. Financial terms of the buy were not disclosed. According to Sigma-Aldrich, the buy will add ChemNavigator's suite of virtual screening and selection tools, plus a searchable database of over 60 million chemical compounds to its offerings. ChemNavigator was backed by CastleRock Venture, Chitung Venture, Life Science Venture Fund, Source One (More info...)
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Row 44 Gets FCC LicenseWestlake Village-based Row 44, the in-flight wireless hardware provider headed by John Guidon, said Thursday afternoon that it has received a permanent operating license from the U.S. Federal Communications COmmission (FCC). The firm said the license will allow it to provide uninterrupted airborne Internet throughout North America. Row 44 had earlier obtained an interim license from the FCC to test its systems, which the firm has so far deployed in tests for Alaska Airlines and Southwest Airline (More info...)
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FarStone Ships iSCSI Backup ApplianceSanta Barbara-based FarStone Technology, a developer of backup software, reported this week that it has released a new line of backup and recovery appliances supporting the iSCSI storage standard. The firm said that its TreasureStone appliances support up to 15TB of data, and is integrated with its DriveClone software. Pricing on the new product was not disclosed.
posted on Friday, August 7, 2009(Full story)