Friday, January 22, 2010SharesPost Drops Subscription FeeSanta Monica-based SharesPost, the online marketplace for buying and selling shares in private companies, told its users Friday afternoon that it is dropping its subscription fee. The firm said that it has eliminated the requirements that membres be paying subscribers to post to buy or sell shares, or engage with other members. SharesPost had previously charged $34 a month for subscription for access to the buying and selling of shares. According to the company, it now has more than 12,000 regis (More info...)
posted on Friday, January 22, 2010(Full story)
RightSignature Signs Healthcare Technology FirmSanta Barbara-based RightSignature, a developer of online, electronic signature software-as-a-service, reported Friday that the firm has signed on a healthcare staffing technology firm as a customer. According to RightSignature, Amistaff Healthcare Technology has selected the firm's electronic signature products to complete its various software. Financial impact of the new customer was not disclosed. Amistaff provides web-based products for helping healthcare staffing firms and hospitals to impr (More info...)
posted on Friday, January 22, 2010(Full story)
Evolver Launches New Avatar Tool For Social Media SitesAliso Viejo-based Evolver, the online avatar software site developed by Darwin Dimensions, said Thursday that it has launched a new web site that allows end users to create avatars for social media sites like Facebook and MySpace. According to Darwin Dimensions, the new site, Avatara.com, allows social media enthusiasts to easily create and upload customized, animated avatars for their social media accounts. Evolver has been targeting its technology for incorporation into virtual worlds, online (More info...)
posted on Friday, January 22, 2010(Full story)
Hello Music Gets $4MLos Angeles-based Hello Music, a new startup looking to help identify musicians and help them distribute their music, said Friday that it has raised $4M in a private equity funding. The funding came from KVG Partners. According to the firm, the company was founded by Zack Zalon and Brendon Cassidy. Zalon was co-founder and managing partner of Wilshire Media Group, and also previously was at Virgin Digital and Farmclub.com. Cassidy also was at Virgin Digital and Farmclub, and also served at Disne (More info...)
posted on Friday, January 22, 2010 (More)(Full story)
Hydra Looks Up, With Funding In Hand, Legal Troubles BehindBeverly Hills-based Hydra, the cost-per-action (CPA) advertising network, has new funding in hand and legal issues behind it, and is now looking upmarket, the firm told socalTECH in an interview Thursday. The ad network--which announced a restructuring and buyout by an investment group led by founder Zac Brandenberg earlier this week--is now looking to court more major advertisers and large brands. In an interview with Mason Wiley, SVP of Marketing, and Gary Cooperman, CFO of the firm, the two e (More info...)
posted on Friday, January 22, 2010(Full story)
VC Invest $587M In SoCal In Q4, But National Investments Drop 37 Percent In 2009The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M invested in Southern California in Q4. Those numbers were up from both Q3, when $506.9M was invested in Southern California, as well as Q4 of last year, when $508.2M was invested in the region. However, nationally, venture capital numbers were much worse, with venture investment (More info...)
posted on Friday, January 22, 2010(Full story)
WD Reports Surge In RevenuesLake Forest-based Western Digital joined a chorus of Orange County firms reporting strong results for the most recent quarter, saying Thursday afternoon that it had revenues of $2.6 billion in its fiscal Q2, which ended January 1st. According to WD, it had hard drive shipments of 49.5 million units, delivering $2.6B in revenues and net income of $429M, up significantly from its results a year ago, when it had revenues of $1.8 billion, hard drive shipments of 35.5 million units, and net income of (More info...)
posted on Friday, January 22, 2010(Full story)
Emulex Sees Better Than Expected Q2Costa Mesa-based Emulex reported Thursday afternoon that it had better than expected results for its Q2 fiscal quarter, with revenues of $108.3M. The firm reported results well above its initial guidance of $88-$92M in revenues for the quarter, which ended December 27th, and at the high end of earlier revised estimates of $107-$108M in revenues. The results were up 27% quarter-to-quarter, but revenues were flat from the similar quarter last year. The firm reported revenue gains in all of its pro (More info...)
posted on Friday, January 22, 2010(Full story)
Conexant Sees Profitable Q1Newport Beach-based semiconductor maker Conexant released its results Thursday afternoon, reporting that it had a profit of $8.3M on revenues of $61.8M, exceeding guidance it had provided at the beginning of the quarter. According to the firm, the quarter delivered the highest core operating margins in company history. The firm said it was helped by lower operating expenses. The firm said it now expects revenues of $60 to $61M in the second quarter of the year.
posted on Friday, January 22, 2010(Full story)
Nexsan Releases Deduplication ProductThousand Oaks-based Nexsan, a developer of data storage products, said this week that it has released an upgraded deduplication product. According to the firm, its DeDupe SG 2.0 product offers LAN-based deduplication, and is based on FalconStor's File-Interface Deduplication System (FDS). The firm said the upgraded product adds redundancy and automatic backup application failover, among other updates.
posted on Friday, January 22, 2010(Full story)