Wednesday, September 9, 2009
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Metabasis Therapeutics Gets Delisting Notice
Putting another nail in the coffin for Metabasis, the San Diego biotech company reported late Wednesday that it has received a notice from the Nasdaq Stock Market that the firm faces delisting, due to the firm failing to comply with the minimum $2.5M stockholders' equity requirement for listing on the exchange. According to Metabasis, it is planning to request a hearing to appeal the delisting, which otherwise will take place on September 15th. Metabasis has been looking for a buyer, saying last (More info...)

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Eucalpytus Tackles Enterprise Market
Santa Barbara-based Eucalyptus Systems, a developer of software for managing cloud computing infrastructure, said Wednesday that it has rolled out its first commercial offering, focused on enterprise customers. Eucalyptus said its new Eucalyptus Enterprise Edition (EEE) software allows its customers to create their own, cloud computing infrastructure using VMware's vSphere, ESX, and ESXi virtualization software, as well as Xen and KVM. Eucalyptus is a spinout of the University of California, San (More info...)

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Passenger Names Technology VP
Los Angeles-based Passenger, an operator of online communities for brands, said Wednesday that it has named Michael Winner as the firm's Senior Vice President of Technology. Winner has served at Ideal Soft and Blink Logic, in addition to working at IBM, Compaq and KPMG. The company said that Winner will split his time btween Palo Alto and Los Angeles. Passenger is venture backed by Shelter Capital Partners, StarVest Partners and Steamboat Ventures.

posted on Wednesday, September 9, 2009(Full story)

LeisureLink: Revenues Double Over Last Year
Pasadena-based LeisureLink, which operates a service to help distribute specialty lodging listings to travel sites, reported today that the firm has more than doubled its revenues from last year. No financial details were released, however, the firm said that the boost in its revenues comes from web site, which is operated by LeisureLink. ABetterStay offers an online vacation booking site for bed and breakfasts, condos, vacation rentals, timeshares, and other specialty lodging. L (More info...)

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Nexsan Takes New Angle On Storage: Energy Rebates
Thousand Oaks-based Nexsan is taking a new angle on getting customers to buy its disk storage products, saying Wednesday that ita has qualified for a program with the Pacific Gas & Electric Company (PG&E) where its customer can gain incentives from the utility, for implementing its power-efficient storage products. Nexsan said that customers who buy its SATABoy and SATABeast disk storage systems, which include its AutoMAID technology for automatically powering down disk drives, can get energy in (More info...)

posted on Wednesday, September 9, 2009(Full story)

Accordent Wins American Century
El Segundo-based Accordent Technologies, which provides a platform for corporate webcasting, said today that it has been selected by mutual fund firm American Century Investments. According to Accordent, it will provide its system to allow the company to webcast to its employees, including quarterly "town hall" meetings and monthly management meetings. Financial impact of the win was not disclsoed. Accordent's webcasting products are used by such companies as Unisys, JP Morgan Chase, Ford, and o (More info...)

posted on Wednesday, September 9, 2009(Full story)

OptionEase Ups Funding To $3.5M
San Juan Capistrano-based OptionEase, a developer of software-as-a-service for managing stock options and fair value accounting and compliance, announced today that it has raised another $1.0M in venture funding in its Series A round, bringing the total to $3.5M. The round came from Miramar Venture Partners. Bruce Hallett of Miramar joins the firm's board as part of the funding. OptionEase had raised $2.5M in the Series A back in May, from GADS Options Fund and others. OptionEase provides stock (More info...)

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MSC.Software Gets Competing Acquisition Offer
Santa Ana-based MSC.Software, a developer of simulation software, reported today that it has received a new offer to acquire the company from another private equity firm. According to MSC, the new offer is priced at $8.00 per share, above an agreement announced in July to acquire MSC at $7.53 per share in cash by Maximus Inc. and Symphony Technology Group. Name of the new bidder on the firm was not disclosed.

posted on Wednesday, September 9, 2009(Full story)

15desks Launches Academic Software
Santa Barbara-based 15desks, a developer of software-as-a-service for educators, said this morning that the firm has launched a new product for course management. The firm said its product will allow educators, students, parents, administrators as well as others share resources, get information about grades, and other educational information. The firm said it is privately funded, and first launched in 2007 at the University of Santa Barbara.

posted on Wednesday, September 9, 2009(Full story)

Fisker: 67.24MPG For Karma
Irvine-based Fisker Automotive, a developer of plug-in hybrid vehicles, said Tuesday that the firm will get around 67.24 miles-per-gallon. The firm also said that its emissions are estimated at 83G CO2/KM, according to measurements developed by the Society of Automotive Engineers (SAE), roughly 75 percent less than that of competing vehicles. Fisker said its cost cost as little as 3 cents per mile when in electric-only "stealth" mode, and probably 7 cents a mile in real-world, annual average con (More info...)

posted on Wednesday, September 9, 2009(Full story)

Arvato Digital Services Acquires Protexis
Valencia-based Arvato Digital Services, a provider of supply chain, post production, replication, and software distribution services, said this morning it has acquired substantially all of the assets of Protexis, a provider of digital software distribution tools. Financial terms were not disclosed. Arvato is a division of Bertelsmann AG. Protexis provides digital distribution of software titles, and is based in Vancouver, British Columbia. Arvato has global operations, with U.S. corporate headqu (More info...)

posted on Wednesday, September 9, 2009(Full story)

THQ Names Legal VP
Agoura Hills-based THQ, a developer and publisher of interactive entertainment software and video games, announced Monday that it has appointed Edward L. Kaufman as Executive Vice President, Business and Legal Affairs, and Corporate Secretary. Kaufman was most recently EVP, General Counsel, and Secretary at World Wrestling Entertainment. He has also served at Hanna-Barbera and NBC.

posted on Wednesday, September 9, 2009(Full story)

Riot Games Raises $8M
Los Angeles-based Riot Games, a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. Riot Games develops online games which are free to play, which use virtual items for monetizing those games. The firm said its first title, League of Legends, will launch in North America in the fall.

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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 ( 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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Deloitte IPO Workshop – September 30, Los Angeles
Curious about the current state of the IPO market? The credit crisis put IPO plans on ice but now rising equity markets coupled with a growing optimism that the worst of the recession could be over are helping to raise hopes that the IPO market is returning.

Join us for an interactive discussion with Barclays Capital regarding market trends and for an in-depth workshop on what it takes to have a successful IPO lead by experts at Barclays Capital, Deloitte LLP, Morrison Foerster, Bowne, and Marsh. Presenters offer a valuable perspective on the process and the marketplace, including topics such as:

* IPO market conditions
* Getting your house in order - preparing for an IPO
* Financial reporting and IPO readiness
* Risk management
* Legal perspectives from the company and underwriters' perspectives
* Managing communications up to and during an IPO

This is a unique and exclusive learning and networking opportunity for CEOs and CFOs in growing companies.

Skirball Cultural Center
Wednesday, September 30, 2009

Please note that there is no fee required for this event. If you are interested and would like to be included in future communications about this event please email us at

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