Tuesday, September 8, 2009
SpaceX Lands Satellite Contract
Hawthorne-based SpaceX, the space rocket venture headed by Elon Musk, reported Tuesday afternoon that it has gained a contract to launch an Earth observation satellite from Astrium. Financial details of the contract were not announced. SpaceX said that the launch will occur on its Falcon 1e launch vehicle, with the satellite payload coming from either Astrium or subsidiary Surrey Satellite Technology (SSTL). Planned launch date for the satellite was not disclosed. SpaceX is funded by the Founder (More info...)

posted on Tuesday, September 8, 2009(Full story)

EduFire Heads North, Gains Funding
eduFire, an startup which offers online video classes, apparently has relocated to Menlo Park from Santa Monica, after raising $1.3M in a Series A funding. The firm's web site now lists Menlo Park as its headquarters, after it raised funding from Battery Ventures, Western Technology Investment, and angel Gokul Rajaram. The firm's CEO, Jon Bischke, did not respond to emails for comment.

posted on Tuesday, September 8, 2009(Full story)

Kofax Buys Software Firm
Irvine-based Kofax, a developer of document management software, said over the weekend that it has acquired 170 Systems, a venture backed provider of financial process automation software. The deal was worth $32.9M. 170 Systems is based in Boston, Mass., and has about 140 employees; the firm was venture backed by Polaris Venture Partners.

posted on Tuesday, September 8, 2009(Full story)

Novatel Deploys MiFi In Singapore
San Diego-based Novatel Wireless has deployed the firm's mobile hotspot product, MiFi, in Singapore, the firm said over the weekend. Novatel said that MobileOne, a mobile operator based in Singapore and associated with Vodafone, is offerings its mobile hotspot product to consumers in the country. Novatel's MiFi--which is being heavily promoted by Verizon--allows users to create their own, personal Wi-Fi hotspots using a cell phone connection. Novatel said the new product will be available from M (More info...)

posted on Tuesday, September 8, 2009(Full story)

Disney Interactive Buys Game Studio
Burbank-based Disney Interactive Studios said today that it has acquired Wideload Games, a Chicago-based developer of interactive entertainment. Financial terms of the acquisition were not disclosed. As part of the buy, Disney said that Wideload's founder and CEO, Alexander Seropian, has joined the firm as Vice President of Creative, and will relocate to Glendale. Seropian is known for founding Bungie Software, and creating the firm's Halo series. Disney said that Seropian also negotiated the ac (More info...)

posted on Tuesday, September 8, 2009(Full story)

Interview with Lee Essner, AccessDNA
Last month, AccessDNA (www.accessdna.com) announced it had raised an angel round of funding for the firm's shopping engine for genetic tests. We sat down with Lee Essner, the firm's CEO and founder, to chat about the company. Essner was most recently EVP at WeddingChannel.com, and he tells us why he thinks now is the right time for the firm's services.

What is AccessDNA all about?

Lee Essner: At AccessDNA, we like to think of ourselves as the WebMD of genetics. We've got a built-in shoppin (More info...)

posted on Tuesday, September 8, 2009(Full story)

ValenTx Raises $22M In Series B
Carpinteria-based ValenTx, a developer of medical devices for addressing morbid obesity, announced today that it has raised $22M in a Series B financing round. The round was led by SV Life Sciences, and also included Covidien Ventures, Sapient Capital, EDF Ventures, Kaiser Permanente Ventures, Affinity Capital Partners, and TGAP Ventures. The firm said the funding would go towards clinical and regulatory development and commercialization. Paul LaViolette of SV Life Sciences joins the firm's boar (More info...)

posted on Tuesday, September 8, 2009(Full story)

Ixia Rolls Out Wireless Network Testing For LTE
Calabasas-based network testing equipment firm Ixia said today that the firm has begun to offer a combined, large scale wireless network testing solution for long term evolution (LTE) networks, out of the firm's June acquisition of Catapult Communications. The firm said its products now offer wireless testing for large scale LTE (long term evolution), UMTS, IMS, and CPRS/EDGE networks. Ixia claims it is first to market with a solution which can provide network, device, and traffic emulation for (More info...)

posted on Tuesday, September 8, 2009(Full story)

WiSpry Expands Board
Irvine-based WiSpry, a developer of RF CMOS chips for the wireless market, announced today that it has added Kari-Pekka "K.P." Wilska to its board. Wilska is the former President of Nokia North America. Wilska also serves on the boards of BlackSand, Brightpoint, 724 Solutions, and Mavenir Systems.

posted on Tuesday, September 8, 2009(Full story)

DivX Loses Board Member
San Diego-based DivX said late Friday that board member Jerry Murdock has resigned. Murdock is a managing director at Insight Venture Partners, and joined the firm's board of directors in 2005. Murdock will leave the company's board effective December 31st. Murdock joined the DivX board as part of a financing round, prior to the firm's IPO.

posted on Tuesday, September 8, 2009(Full story)

VentureNet - Application deadline September 15th
VentureNet is an excellent fund-raising platform for Southern California
companies that develop and commercialize software and related information
technologies and which have the potential to create superior shareholder
value. The past ten VentureNet conferences have cumulatively helped
presenting companies raise over $100 million.

The audience at past VentureNet conferences has included all venture
capital firms and angel groups in Southern California, numerous venture
capital firms from Northern California and elsewhere in the country, and
investment bankers. We have also attracted the most influential
opinion-leaders in Southern California's technology industry, including
accounting firms, law firms, banks and executive recruiters.

Deadline to apply is September 15th. Apply now:

2009 Orange County Emerging Growth Awards - Accepting Entries
Southern California Venture Network (SCVN.org) is proud to announce it is accepting online entries through August 28 for the 2009 Orange County Emerging Growth Awards.

The awards are held in partnership with USC Stevens Institute for Innovation, USC Marshall School of Business Orange County Alumni Association, Chapman University College Extended Education, Chapman University Leatherby Center for Entrepreneurship and Business Ethics, Harvard Business School Association of Orange County, IEEE Orange County Section, and the 7th-Annual System on Chip (SoC) Conference.

Companies should be headquartered in Orange County, have $1MM-$20MM in revenues and have reached a significant level of growth within the past 12 months. Apply online at:

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