Friday, October 9, 2009MSC.Software Gets Approval On AcquisitionThe long, drawn out bidding war for Santa Ana-based MSC.Software appears to be at a close today, as MSC reported that a majority of its shares have been voted to adopt the firm's latest merger offer from Maximus Holdings Inc. and Maximus Inc., worth $8.40 per share in cash for each share of the firm's common stock. The firm, which develops simulation and design software, announced that it expects to close the transaction next Tuesday, October 13th. The approval comes after several rounds of bidd (More info...)
posted on Friday, October 9, 2009(Full story)
Calacanis Expands Campaign Against Pitching FeesJason Calacanis, the CEO of Santa Monica-based Mahalo, is continuing his crusade against angel groups and others who charge startups to pitch their groups, saying that he's now calling on groups to stop charging fees, and post what fees they were charging to entrepreneurs on their web sites. Calacanis--who launched his campaign earlier this week, targeting angel group the Keiretsu Forum--has now expanded his list of target angel groups to not only Keiretsu, but also Westlake Village-based Maveri (More info...)
posted on Friday, October 9, 2009(Full story)
Mzima Selected For NetDNA's Content Delivery NetworkLos Angeles-based Mzima Networks, a provider of network services, said earlier this week that content deliver network firm NetDNA--also based in Los Angeles--has selected the firm's low-latency, 10 Gigabit backbone. Financial details of the deal were not disclosed. Mzima operates a global optical backbone network. NetDNA provides content delivery network services for ad networks and application acceleration.
posted on Friday, October 9, 2009(Full story)
Geodelic Lands Universal Studios HollywoodSanta Monica-based Geodelic, the latest startup of The Platform founder Rahul Sonnad, said today that it has partnered up with Universal Studios Hollywood on a mobile application focused on Universal's "Halloween Horror Nights" event. According to the firms, the app will enable iPhone and Android users to get park attraction directions, minute-by-minute updates, and tips on shows. Financial details on the deal were not disclosed. Geodelic is developing location-aware applications for providing i (More info...)
posted on Friday, October 9, 2009(Full story)
Flux Power Spins Out Of LHVSan Diego-based LHV Power, a supplier of power supplies to the electronics and medical instruments markets, said late Thursday that it has spun off a new company called Flux Power, which will focuse on Lithium battery technology management, including smart charging systems and related systems. The new firm will be headed by Chris Anthony, who was the co-founder of Aptera, the electric vehicle firm backed by Idealab. LHV said that Flux Power has developed high power, battery cell management syste (More info...)
posted on Friday, October 9, 2009(Full story)
iCONECT Hires Silver As CTORedondo Beach-based iCONECT Development, a developer of litigation support software, said this morning that it has hired on former X1 Technologies Vice President Howard G. Silver as its Chief Technology Officer. According to iCONECT, Silver will spearhead new product development for the firm, which is used by corporations, law firms, and others for electronic discovery. Silver has previously served at ZANTAZ, Veritas, General Automation, AST Research, and Forward Technology, among other firms. i (More info...)
posted on Friday, October 9, 2009(Full story)
eSolar Expands Into South AfricaPasadena-based eSolar, a developer of solar thermal power technology being used for power plants, said this morning that the firm has inked a deal with a South African firm to expand sales through Sub-Saharan Africa. The firm, whose technology is used for utility-scale, solar thermal power plants, said that Johannesburg-based Clean Energy Solutions will represent the firm in the Republic of South Africa, Namibia, and Botswana. eSolar is backed by Idealab, Google, Oak Investment Partners, and oth (More info...)
posted on Friday, October 9, 2009(Full story)
Insights and Opinions: Using Social Media To Find ProspectsFor our Insights & Opinions section this morning, Serena Ehrlich, SVP Social Media at Startup Army, gives a quick primer on using social media to promote your startup.
...There are lots of ways to use social media to build a reputation and to reach prospects!
Create your online personality: Create a Google profile to ensure people can easily find you within Google seach results. Extend your personal brand and create accounts on Twitter, LinkedIN, Delicious and more.
Create short vid (More info...)
posted on Friday, October 9, 2009(Full story)