Monday, November 30, 2009Lumexis Lands $15M For In-Flight Entertainment SystemsCosta Mesa-based Lumexis, a developer of in-flight entertainment and broadband connectivity systems, announced late Monday that it has scored $15M in a private equity funding from Perseus LLC. According to Lumexis, the financing round also included prior investors PAR Capital Management and Zone Ventures, and includes an option for an additional investment of $7.5M. Lumexis said the funding came in conjunction with a "large" order from an un-named customer, which is installing its systems into a (More info...)
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Broadcom Buys Dune NetworksIrvine-based semiconductor giant Broadcom is making another acquisition, saying Monday afternoon that it has signed a definitive agreement to acquired Dune Networks, a developer of switching fabric products for the data center networking market. Broadcom said it will pay approximately $178M net of cash for Dune, in an all-cash deal. Dune Networks has operations in Sunnyvale, California, and Yakum, Israel. Dune Networks is venture backed by such firms as Alta Berkeley Venture Partners, Aurum-SBC (More info...)
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HireRight Buys National DiagnosticsIrvine-based HireRight, a provider of online, employment background and drug screening services, said Monday that it has acquired a provider of drug testing and physical exam services, National Diagnostics. Financial terms of the acquisition were not disclosed. HireRight provides background screening and related services via web-based software, and is a unit of Altegrity. National Diagnostics is based in Charlotte, North Carolina.
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Inphi Countersues NetlistWestlake Village-based Inphi Corporation, a developer of high speed analog semiconductors, has counter-sued competitor Netlist, the firm announced Monday afternoon. According to Inphi, its lawsuit--filed in the United States District Court for the Central District of California--alleges that Netlist's DDR3 Registered memory modules infringe on two of the firm's U.S. Patents. Inphi was sued in September by Netlist over Netlist's own, memory semiconductor patents. Inphi said the patents covered in (More info...)
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Siimpel Snags $813,000Arcadia-based Siimpel, a developer of MEMs-based, optical microsystems being applied to the cell phone camera market, has raised raised $813K as part of a new, $8.0M fundraising effort, according to a regulatory filing from the firm today. The filing indicates the fundraising includes both equity and debt, and appears to be the first investment in a new venture round. Siimpel is venture backed by such firms as Draper Fisher Jurvetson, DoCoMo Capital, LG Innotek, Zone Ventures, Scale Venture Part (More info...)
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Hulu Adds Advanced Search PageLos Angeles-based video site Hulu has launched a new advanced search site, the firm announced today. According to the site, the new search page allows users to search for shows using advanced boolean searching, including use of "and", "or", and "not" search operators, phrase searches, and ability to filter searched based on content ratings.
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Interview with Daniel Scalisi, MobileCauseDaniel Scalisi is the President of Los Angeles-based MobileCause (www.mobilecause.com), a startup focused on the mobile, nonprofit fundraising area. We spoke to Daniel last week to learn more about his firm.
What's your startup all about?
Daniel Scalisi: MobileCause is actually a company we acquired, and reorganized in January. It was founded three years ago, and hadn't been succeeding. We came in and reorganized the product, team, and mission, and redeployed it in June of this year. We've (More info...)
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Buy.com: Best Black Friday, EverAliso Viejo-based e-commerce retailer Buy.com is reporting today that it has what it is calling its "biggest Black Friday" in its company's history. The firm did not reveal the amount of sales that day, but said that Friday surpassed its prior record, set last year. Buy.com said that the Black Friday results were bolstered by its third party, Buy.com Marketplace, which accounted for more than 30 percent of the site's orders. Buy.com's marketplace allows third party sellers to list items which sh (More info...)
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Oversee.net Gets Another LawsuitAnother class action lawsuit has been filed against Los Angeles-based Oversee.net, over a scandal involving shill bidding by one of the employees of the firm's SnapNames unit. The lawsuit, which was filed last week, was filed in the U.S. District Court for the Central District of California by law firm KamberEdelson LLC and plaintiff Stewart Resmer. The lawsuit is the second against Oversee.net, which revealed in November that it had uncovered a scheme by one of its employees to increase bids in (More info...)
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Xencor Licenses Technology To CentocorMonrovia-based Xencor, a developer of biotherapeutics technology to improve antibodies, said this morning that it has licensed its Fc engineering technology to Centocor Research & Development, Inc. Financial details of the license were not announced. The firm said that it has licensed its XmAb and Xtend technology to Centocor, in a multi-year agreement. Xencor said that the deal will give Centocor research access to the technology platforms, and the right to develop and commercialize products fr (More info...)
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DivX Ships On LG PhonesSan Diego-based DivX, a developer of video encoding and decoding technology, announced today that the firm's technology has shipped on two LG mobile phones. DivX said that LG's new LG GW620 Android smart phone, and the new LG Chocolate phone are both DivX Certified, and support the firm's video encoding format. DivX has been providing its technology to a variety of LG electronics, including its HDTV and DVD devices.
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