Wednesday, October 14, 2009GOOD Gets Funding RoundLos Angeles-based GOOD, a media firm which operates Reason Pictures, GOOD Magazine, and GOOD Digital, announced this week that it has raised a Series A funding round. Amount of the funding was not disclosed. Investors included angels and Nicholas Negroponte and Ben Goldhirsch, the firm's CEO and co-founder. Goldhirsh is the son of Inc. magazine founder Bernie Goldhirsch. Ben Goldhirsch founded GOOD in 2006, and prior to this round was funded by Goldhirsch himself, who told the New York Times in (More info...)
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Illumina Countersues Life TechnologiesSan Diego-based life sciences firm Illumina reports today that it has countersued Life Technologies, after Life and Applied Biosystems sued the firm in September over patent infringement. Illumina said that it has denied the allegations of patent infringement, and sued Life and Applied Biosystems over its own patents. Illumina said that its patents--U.S. Patent Nos. 6,831,994; 6,654,505; 7,232,656; and 7,598,035--cover various aspects of Life's SOLiD sequencing system. Illumina is seeking a perm (More info...)
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Symphony Technology Group Completes MSC.Software BuyPrivate equity firm Symphony Technology Group said Wednesday that it has completed its acquisition of Santa Ana-based MSC Software. The deal was worth approximately $390M, or $8.40 per share in cash. Symphony said that it has appointed Dominic Gallello as CEO of the firm, and Jim Johnson as CFO of the company. Gallello was most recently at Graphisoft, a Budapest-based architectural design software firm; Johnson was most recently CFO of VG Holdings.
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Semtek Funding Worth $6.7MSan Diego-based Semtek, which develops technology for checking for credit card fraud at retail terminals, has raised $6.7M out of an $8.0M round, according to a filing from the firm earlier this week. Semtek had announced its round last week, saying the Series B funding came from VeriFone, Venrock, and RRE Ventures, but did not disclose any financial details of the funding. Semtek's technology protects the magnetic stripe on payment and credit cards.
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Lantronix Gets Delisting NoticeIrvine-based electronics firm Lantronix reported Wednesday that it has received a delisting notice from the NASDAQ, saying that the firm has not complied with requirements for the minimum bid price of its common stock. According to Lantronix, the firm--which staved off an earlier delisting warning in June--the Nasdaq has now determined to delist the firm as of October 19th. Lantronix said it intends to appeal the determination of the Nasdaq's panel, and will look to authorize a reverse stock spl (More info...)
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Interview with Nick Warnock, AtizThere's been a lot of attention lately given to Google's efforts to digitize books for libraries, as well controversy over the firm's licensing efforts with publishers. It turns out, one of the companies supplying book scanning devices for libraries and others--Atiz (www.atiz.com)--is located here in Los Angeles. We thought it might be interesting to hear more about the business, so we caught up with Nick Warnock, CEO of the firm.
Let's talk about your product first, tell us about your hardwa (More info...)
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EON Reality Deploys 3D Interface in SingaporeIrvine-based EON Reality, a developer of interactive 3D software, announced this morning that it is supplying the Science Center in Singapore with its EON TouchLight product, as well as interactive 3D content for the science museum. Financial details of the win were not disclosed. EON Reality said its products allows users to "embark on a guided journey through time." EON Reality's TouchLight is a user interface that allows people to interact with 3-D content; the technology was licensed by EON (More info...)
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Stamps.com Ramps eBay Integration EffortsLos Angeles-based PC postage firm Stamps.com is ramping up its efforts to get more of the eBay postage market, saying today that it has integrated its latest version of software with Auctane Shipping Manager, a software program used by eBay users to manage their auctions. According to Stamps, the integration allows users to print all classes of USPS postage through eBay com. The integration deal comes shortly after Stamps.com launched a promotion last week to try to attract more eBay sellers to (More info...)
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iRise Settles Patent SuitEl Segundo-based iRise, a developer of visualization products used for prototyping corporate software projects, reports today that the firm has settled a patent infringement lawsuit filed against Axure Software Solutions. The firm said the that the U.S. District Court for the Central District of California has found that Axure Software Solutions infringes on multiple claims on one of its patents, and denied a motion to find iRise's patent invalid. As a result, the firm said that the parties have (More info...)
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Zumbox Sued By Pitney BowesWestlake Village-based Zumbox, a startup developing a system to deliver electronic communications to people using just their postal address, has been sued by Pitney Bowes. Pitney Bowes said Tuesday that Zumbox's system infringes on the firm's patents. Pitney Bowes said it is seeking to enjoin Zumbox from further infringement of three patents held by the firm, U.S. patents: #7,478,140, "A System and Method for Sending Electronic Mail and Parcel Delivery Notification Using Recipient's Identificati (More info...)
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