Wednesday, January 27, 2010
Need Office or Tech Space? Think Glendale
Need Office or Tech Space? Think Glendale

Glendale is an ideal location for locating your high tech startup,
offering benefits like:

- Centrally located and easily accessible via four freeways
- No business license fee or gross receipts tax
- A small but growing contingent of tech firms
- Lower rents on average for office, industrial space
- Educated workforce with higher education nearby
- Vibrant downtown with a variety of dining, shopping and entertainment
- Safe/secure working environment

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SpaceX Gets Satellite Contract
Hawthorne-based Space Exploration Technologies, the commercial rocket firm headed by Elon Musk, said late Wednesday that it has signed a deal with Israeli satellite firm Space Communications Ltd., to launch a communications satellite aboard its Falcon 9 rocket as early as December of 2012. SpaceX said the launch will insert the satellite into a geosynchronous transfer orbit. Financial impact of the deal was not disclosed. Spacecom's satellites are used for direct broadcast satellite television, (More info...)

posted on Wednesday, January 27, 2010(Full story)

Local Charities Score Funding From Facebook Program
Two, Southern California charities are among the charities who are receiving grants from JPMorgan Chase in a promotion on Facebook, Chase said today. According to Chase, five California charities were awarded a total of $5M in grants through Facebook, including $1M to San Diego-based Invisible Children, a charity helping children in central Africa who were kidnapped in Uganda, and $100,000 to Santa Barbara-based Gwendolyn Strong Foundation, focused on finding a cure and awareness for Spinal Musc (More info...)

posted on Wednesday, January 27, 2010(Full story)

TCA Stresses Mixers, New Website
The Tech Coast Angels is stressing its mixer program, seed investment efforts, and a new website, as it kicks off a 2010 program, according to the angel investing group. According to the Tech Coast Angels' Richard Sudek, Chairman of the TCA, the group is looking to hold bi-monthly mixers which will help entrepreneurs connect with its angel investors, after a successful mixer in late 2009. The group also said it is focusing on its SeedTrack program, which is specifically focused on seed stage fun (More info...)

posted on Wednesday, January 27, 2010(Full story)

The Search Agency Highlights Growth In Revenues, Jobs
Santa Monica-based The Search Agency joins a number of privately held, Southern California firms this week reporting strong growth in 2009. According to the company, which provides search engine optimization (SEO), search engine marketing (SEM), and other related online marketing services, it had revenue growth of 37% in 2009, and hired more than 40 additional employees. The firm said the growth came as a result of increasing demand for the firm's online marketing services. The Search Agency sai (More info...)

posted on Wednesday, January 27, 2010(Full story)

SightCine Gets Seed Funding
Los Angeles-based SightCine, a developer of digital overlay projection technology, told socalTECH today that the firm has raised an initial round of seed funding. Amount of the funding and source was not disclosed. According to the firm, its initial product allows movie theaters to display subtitles in multiple languages on a single screen. The firm's product allows deaf, hearing-impaired, and non-native speakers to use special glasses to see subtitles on movies, which aren't visible to other th (More info...)

posted on Wednesday, January 27, 2010 (More)(Full story)

Interview with Alex Schneider, Ventura Ventures Technology Center
On Thursday, the City of Ventura is formally launching a new incubator, the Ventura Ventures Technology Center (, targeted at high tech businesses. The incubator so far includes startups Lottay, Geodelic, and a number of other Internet and other technology firms. We spoke with Alex Schneider, who is managing the effort, about what the incubator is and what it hopes to accomplish.

Tell us about the incubator--how long has it been around?

Alex Schneider: We actually opened our (More info...)

posted on Wednesday, January 27, 2010(Full story)

eHarmony Settles Same-Sex Class Action Lawsuit
Pasadena-based online dating site eHarmony has settled a class action lawsuit over its lack of support for gay, lesbian, and bisexual individuals, the firm reported Tuesday evening. According to eHarmony, it is in an agreement to settle Carlson, et. al. v. eHarmony, Inc., which was filed in 2007. eHarmony said that as part of the settlement, all claims will be dismissed, and it will create a $2M settlement fund, with $500,000 of that fund to be designed for claims by the class, with any unclaime (More info...)

posted on Wednesday, January 27, 2010(Full story)

Passenger Expands Board
Los Angeles-based Passenger, which operates online communities for major brands, said today that it has named Jaynie Miller Studenmund to the firm's board of directors. Studenmund is an advisor focused on startups, rapid growth, turnaround, and merger and acquisition, and was previously Chief Operating Officer at Overture. Studenmund also serves on the boards of Orbitz, eHarmony, Western Asset, and was on the baord of aQuantive before its acquisition by Microsoft. The firm said Studenmund also h (More info...)

posted on Wednesday, January 27, 2010(Full story)

SOA Software Touts 2009 Results, Growth
Los Angeles-based SOA Software, a developer of software tools used by enterprises to connect various IT systems, said Tuesday that the firm had 55 percent annual revenue growth in 2009. The firm said the firm was also profitable for the full year, though it did not disclose any actual financials. The firm attributed the revenue growth to new customers, as well as existing customers scaling up their SOA programs. SOA Software develops Service-oriented Architecture governance software, used to man (More info...)

posted on Wednesday, January 27, 2010(Full story)

XCast Labs Claims Growth
Los Angeles-based XCast Labs, a provider of voice-over-IP services, is reporting today that it had 48 percent revenue growth in 2009, and now has more than 100,000 users. The firm did not disclose financials. The firm said it has been profitable since July, and saw growth from IP-PBX, SIP Trunk, residential, and reseller customers. XCast Labs has previously raised funding from Siemer and Associates, Frontera Capital and the Pasadena Angels.

posted on Wednesday, January 27, 2010(Full story)

MySpace Mail Hits 15M Accounts
Los Angeles-based MySpace reported yesterday that its mail service, MySpace Mail, now has 15 million accounts. The firm launched its mail service in August of 2009, which integrates the social networking service with traditional email service. The firm attributed the rapid signup to the service as a result of its automatic reservation of email addresses based on users' vanity URLs.

posted on Wednesday, January 27, 2010(Full story)

Neomend Raises $30M
Irvine-based Neomend, a developer of sealants for the surgical market, announced this morning that it has raised $30M in a Series D funding round. Neomend said the round was led by Clarus Ventures, which contributed $17M of the total round. Other investors in the funding were Sanderling Ventures, Novo Ventures, Vivo Ventures, and Prospect Venture Partners. According to Neomend, the new funding will help move the firm towards cash flow break-even. As part of the new funding, the firm said it has (More info...)

posted on Wednesday, January 27, 2010 (More)(Full story)

Win an SBIR / STTR Award
February 3, 2010 9:00am-2:30pm
Presented by the TriTech SBDC

SBIR and STTR programs are designed to help launch technology companies towards success by providing initial or supplemental research capital. The proposal process is extremely competitive and only the best of the best proposals get funded. Learn how to rank among the best by attending our SBIR/STTR workshop series below.

Gain the Competitive Edge in Getting Free Government Funding:
What's Next After You're Awarded an SBIR / STTR Contract?
The Rules of The Road for SBIR's & STTR's


For additional registration information contact Sean Snider at
(951) 571-6480 or by email at

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Joyent Launches Southern California based sales office.
Joyent - An Enterprise Class Cloud Computing Company funded by Intel
Capital, provides the most comprehensive cloud solution available today.
It starts with an enterprise class foundation of virtual appliances
deployed in an ecosystem of the highest-grade networking, routing, load balancing and persistent storage. In addition, Joyent offers powerful software to manage your cloud (Cloud Control) and a dynamic software development platform that auto-scales. Joyent's unique architecture and custom OS distribution supports high performance virtualization that produces significant cost-savings, improved performance, data center utilization (70%) and security. Companies running on Joyent have reported saving more than 70% when compared with Gartner's industry averages. Joyent was founded in 2004 and supports thousands of customers worldwide including ABC Disney, CNN, The Gap, Facebook, LinkedIn and Yahoo. Joyent is doing this through three main product areas:

* Joyent Public Cloud
* Joyent Cloud Management
* Joyent Smart Platform

Contact Scott Herson for an overview, pricing and information at or 949-861-1069

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