Monday, October 26, 2009Yardi Buys Energy Billing SystemsSanta Barbara-based Yardi Systems, a developer of real estate management software, announced Monday afternoon that it has acquired Energy Billing Systems, a provider of utility management services to the multifamily housing industry. Financial details of the acquisition were not disclosed. Yardi said the buy adds billing and metering services as part of its offerings. Energy Billing Systems is based in Colorado Springs, and was founded in 1981.
posted on Monday, October 26, 2009(Full story)
RealD Signs Hollywood TheatersLos Angeles-based RealD, which manufactures 3D cinema equipment, has signed on another theater chain, Hollywood Theaters. According to the two firms, they are in a partnership to equip a minimum of 100 screens across the country and overseas with RealD's equipment. Financial details of the win were not disclosed. Hollywood Theaters is a chain based in Portland, Oregon, with 529 screens in 20 states. The two firms said 64 of those screens are being installed by mid-December of this year.
posted on Monday, October 26, 2009(Full story)
DDi Looks To Buy PCB Manufacturer CoretecAnaheim-based DDi Corp., a provider of printed circuit board engineering and manufacturing services, said Monday that it has made an offer to acquire Coretec, a designer and manufacturer of printed circuit boards. The firm said it offered CDN $3.6M ($3.4M US) for Coretec, in a deal that is subject to acceptance by Coretec. Coretec designs prototype and quick-turn PCBs for the North American market.
posted on Monday, October 26, 2009(Full story)
Ceres Gets $4.9M Grant From DOEThousand Oaks-based Ceres, a developer of energy crops for the biofuels energy, has landed $4,989,144 in a grant from the Department of Energy, as part of a $151M effort to fund energy breakthroughs. According to the DOE, the funding--part of a effort called the Advanced Research Projects Agency-Energy (ARPA-E)--was part of a selection of 37 projects pursuing breakthroughs that could "fundamentally change the way we use and produce energy." The grant to Ceres went to a effort to develop "Biomass (More info...)
posted on Monday, October 26, 2009(Full story)
EON Reality Targets Mobile Virtual RealityIrvine-based EON Reality, a maker of interactive 3D, virtual reality products, said today that it has rolled out a new product designed for mobile use. The firm said EON Mobile Icube is a 3D, virtual reality system which can be used for such things as trade shows and training. The firm said the device can be moved from location-to-location, and set-up in a few hours by an AV technician. Pricing on the new system was not released, and the firm said it expects the first customer install for the sy (More info...)
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SemantiG Looks To Improve SearchA project out of the University of California, Irvine--SemantiG, is hoping to improve Internet search by tapping into the experience of users. According to the Institute for Semantic Computing--headed by Dr. Phillip C.-Y. Sheu a professor of EECS and Biomedical Engineering at UCI--it has launched the new search site to help people find answers to problems using natural language search and prior user opinions. The project's develops claim their site is better than traditional search engines, beca (More info...)
posted on Monday, October 26, 2009(Full story)
Allergan Wins Patent SuitIrvine-based Allergan is reporting this morning that it has won a patent infringement case against Exela PharmSci, Inc., Exela PharmSci Pvt., Ltd., Apotex, Inc. and Apotex Corp. in the US District Court for the District of Delaware. Allergan said the defendants were looking to make generic versions of its ALPHAGAN P drug. Allergan said the court has ruled that all five patents owned by Allergan are valid and enforceable. The win means that those firms will have to wait until 2022 for approval of (More info...)
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AWR: Record Revenues In First HalfEl Segundo-based AWR, a developer of software used for high speed, semiconductor design, is reporting today that it had "record revenues" for the first half of its 2010 fiscal year, ending September 30th. Revenues were not disclosed. The firm attributed the performance to strength in aerospace and defense accounts, as well as customers switching from competing tools. The firm claims it had record profitability and the largest numbers of employees in its history, despite the overall economy.
posted on Monday, October 26, 2009(Full story)
SocialVibe Launches Halloween Charity EffortLos Angeles-based SocialVibe, which develops charity-focused, brand web sites and social media applications, said this morning that it has launched a new effort to help charities raise money on Halloween. The firm said that it is launching a new program called Click 4 Good, geared towards Facebook, MySpace, and Twitter users, which allows them to visit a "virtual neighborhood" online. Users clicking on houses in that "virtual neighborhood" are asked to share information on Twitter or Facebook, i (More info...)
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Qualcomm Creates New Open Source SubsidiarySan Diego-based Qualcomm has created a new, separately owned subsidiary focused on mobile open source, the firm announced today. According to Qualcomm, the new subsidiary--Qualcomm Innovation Center--is being spun out to focus on developing open source software which uses Qualcomm's technology. The new subsidiary is being run by Rob Chandhok, Senior Vice President for Software Strategy for Qualcomm CDMA Technologies. Qualcomm said its new firm will develop open source for things like Linux, Webk (More info...)
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Bikestation Installs In CovinaLong Beach-based Bikestations, an angel-backed startup developing modules used for storing bicycles at train stations, bus stations, and elsewhere, said today that it has contracted for install of a center, at the Covina Metrolink station. Financial impact of the win was not disclosed. Bikestation is angel backed by the Tech Coast Angels. The firm said it is installing a new, 10x25 square foot "multi-use bicycle transit center" which will allow commuters to park up to 36 parking spaces and up to (More info...)
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Mindspeed Wins HitachiNewport Beach-based Mindspeed, a developer of high speed networking chips, is reporting another design win for its Comcerto processor. Mindspeed said today that Hitachi has selected its product as part of an ultra-low-power, home gateway being used in fiber-to-the-home access in Japan. financial details and shipment volumes were not announced. Mindspeed's processor is being used for broadband gateways and equipment.
posted on Monday, October 26, 2009(Full story)
BeyondTrust Hires Marketing HeadAgoura Hills-based BeyondTrust, a developer of security software, has added Brian T. Anderson as Chief Marketing Officer, the firm said today. BeyondTrust said that Anderson joins the firm from SIderean Software, and also served at Avamar Technologies, IBM Tivoli, Access360, HNC Software, and FileNet. BeyondTrust develops software used to control and monitor access to enterprise applications and other resources.
posted on Monday, October 26, 2009(Full story)
Inovio Biomedical Expands BoardSan Diego-based Inovio BIomedical, a developer of vaccines, announced today that it has added David J. Williams and Keith H. Wells to its board of directors. Williams is former Chairman and CEO of Sanofi Pasteur, and Wells is a senior member of the Biologics Consulting Group. Williams was the Chairman and CEO of Sanofi Pasteur until 2008. Wells has served at Acambis, PLC., Oravax, the Salk Institute, and MercK & Co.
posted on Monday, October 26, 2009(Full story)