Wednesday, May 12, 2010
Help us support Southern California's high tech industry!
Do you find this newsletter useful? Are we making a difference by keeping
you in the loop on what is going on with your clients, customers,
contacts, and competitors? Have you benefited from our news coverage?
Help us keep delivering you the news and information you need to grow
your business and keep on top of Southern California's technology
industry, by becoming a member of

Not yet a member? In addition to supporting our news coverage,
members get access to our complete database of venture capital firms that invest in Southern California, our list of local high tech companies, free job postings, discounts to events, and much more. Our members are helping to support our coverage of Southern California's place in the high tech world--coverage you can't get anywhere else.

Membership is $24.95, or $279.00 for an entire year. Join today at:

AeroVironment Gets $11.2M Contract
Monrovia-based AeroVironment, which manufactures unmanned aircraft systems, said Wednesday that it has received an $11.2M order from the U.S. Army for its Raven small unmanned aircraft systems. According to Aerovironment, the order covers 63 of its Raven, and will be used by the Army, Marine Corps, Special Operations Command and other U.S. military services. Aerovironment's Raven is a 4.2-pound hand-launched UAV used for reconnaissance, surveillance, and target acquisition. The latest order foll (More info...)

posted on Wednesday, May 12, 2010(Full story)

Sequenom Gets $51.6M In PIPE
San Diego-based Sequenom, a developer of genetic analysis technology, said Wednesday that it has raised $51.6M in a private placement, from undisclosed investors. According to the firm, the new funding will go to advance research, development and commercialization of various diagnostic tests, plus general corporate purposes. The firm's placement agents were Jeffries & Company and Lazard Capital Markets LLC. Sequenom said the investors paid $4.15 per share for 12.435M shares of its common stock.

posted on Wednesday, May 12, 2010(Full story)

Insights and Opinions: Equity is the currency of early stage businesses
For our Insights and Opinions section this afternoon, we have an article from angel investor Dave Berkus, who is past chairman of the Tech Coast Angels, which talks about the structure of equity in an early stage business.

Equity is the currency of early stage businesses. The truth of this statement may be obvious, but the execution of a good incentive program using equity is often mismanaged, damaging the corporate capitalization structure and even affecting the outcome of subsequent inves (More info...)

posted on Wednesday, May 12, 2010(Full story)

SciVee Adds Elsevier Health Sciences Journal
San Diego-based Scivee, which develops software for hosting scientific videos on the web, said today that it has added The American Journal of Preventive Medicine (AJPM), published by Elsevier, as a customer. Scivee said that Elsevier has signed an agreement to deploy the firm's products and services, which enable posting of videos which synchronize with scientific abstracts and articles. Financial impact of the win was not disclosed. SciVee is headed by Marc Friedmann, and is a result of techno (More info...)

posted on Wednesday, May 12, 2010(Full story)

ZAM Media Buys Tankspot
Los Angeles-based ZAM, a firm which operates an online community of Massively Multiplayer Online (MMO) gamers, said Tuesday afternoon that it has acquired Tankspot, an online site focused on World of Warcraft videos. Financial terms of the buy were not disclosed. ZAM, which is backed by Goldman Sachs and Oak Investment Partners, said that Tankspot gets over 4 million video views a month. ZAM said that Tankspot founder Patrick O'Callahan joins the company as a part of the acquisition, and will co (More info...)

posted on Wednesday, May 12, 2010(Full story)

FoodLink Online Names CEO
Torrance-based Foodlink Online, a provider of supply chain software for the perishable food market, said this week that it has named Eric Peters as the firm's new CEO. Peters replaces Vijay Yajnik, who remains as Chairman of the Board. Peters previously served at Acosta TrueDemand as President, and also served at TrueDemand Software, where he was a co-founder before its acquisition by Acosta. Foodlink develops a web-based procurement platform for the perishable food market. The firm is venture b (More info...)

posted on Wednesday, May 12, 2010(Full story)

Boingo In Wi-Fi Bundle With Samsung
Los Angeles-based Boingo Wireless, which operates a global network of wireless hotspots, said today that it has inked a deal with Samsung, where Samsung will bundle Boingo's Wi-Fi services with its Wi-Fi enabled digital cameras. The firm said the deal will initially roll out with Samsung's new ST5500/CL0 digita camera, which allows users to instantly share their photos via Wi-Fi to sites such as Facebook and YouTube. Boingo said the cameras will include three months of complimentary Boingo Wi-Fi (More info...)

posted on Wednesday, May 12, 2010(Full story)

Sidebar Teams With Indiagames
Santa Monica-based Sidebar, a developer of mobile content recommendation software, has tied with Indian mobile and online games firm Indiagames Ltd., the two said today. According to the two, they are in a strategic relationship where Indiagames will use Sidebar's Smart Menu products to deliver personalized recommendations for its mobile users. Financial details of the deal were not disclosed. Sidebar Games is venture backed by Mobile Media Ventures.

posted on Wednesday, May 12, 2010(Full story)

Mindflash Hires Vet, Launches Private Beta
Santa Barbara-based, a provider of online training software for small businesses, said today that it has named Donna Wells as its new President and CEO. Wells was most recently CMO of The firm--which offers self-driven, online employee training courses--also said that it has launched into private beta. Mindflash said it has received funding from Investment Group of Santa Barbara (IGSB), although it did not disclose financial terms of that funding. Wells was CMO at (More info...)

posted on Wednesday, May 12, 2010(Full story)

Citysearch Updates Mobile Apps
West Hollywood-based Citysearch, the online local business guide site owned by IAC, said Tuesday afternoon that it has updated all of its mobile applications. The firm said it has updated its apps for Android, iPhone, and Blackberry, including a complete rewrite of its Android application. All of the mobile applications are free.

posted on Wednesday, May 12, 2010(Full story)

Deloitte Technology Fast 500 - Call for Nominations!

Submit your nomination for the Deloitte's 2010 Technology Fast 500, a
list of the 500 fastest growing technology, media, telecommunications,
life sciences, and clean technology companies in the United States and
Canada based on percentage revenue growth from 2005 to 2009.

Your placement on the Technology Fast 500 means increased recognition
from business and financial communities, positive media coverage and the
opportunity to celebrate your company's fast growth. Companies from the
Southern California area that make the Fast 500 list will be honored at
an awards event in the fall.

For more information, visit or email

Need Office or Tech Space? Think Glendale

The City of Glendale was recently named as a finalist for the “Most
Business Friendly City Award” sponsored by the Los Angeles County
Economic Development Corporation. Learn why Glendale is the perferct
location for your high tech startup, with companies like DreamWorks
and Disney, plus a small but growing contingent of tech firms who have
decided Glendale is the right place to be.

Learn more at

Advertisement - Internet Access, Web Hosting, Network Services
We put the "Service" back into Internet Service Provider.

Binary Pulse Technology Marketing. We Create Demand.
Binary Pulse Technology Marketing
We Create Demand for California's Technology Companies

For more than ten years, dozens of Southern California's industry-leading
tech firms have turned to Binary Pulse for their demand-generating
strategies and programs.

Our services include:

-- Demand Generation Planning and Execution
-- Channel Program Development
-- Lead Capture and Management
-- Web Site Development & Search Engine Marketing
-- Corporate and Product Branding
-- Online Integration Strategies
-- Reseller Recruitment
-- Multimedia Presentations
-- Social Media Marketing

Please visit us at
to learn more or give us a call at 949-336-7400.

Register for Shaking The Money Tree - May 19th - Westlake Village
The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association, based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide. The quarterly conference is hosted by the Los Angeles Venture Association in venues throughout southern California. The first quarter review of venture capital investments will be held at the Westlake Hyatt Plaza, May 19, 2010, 6:00 p.m. – 8:00 p.m.

Panel includes David Cremin, Managing Director, DFJ Frontier; Samit Varma Partner, Anthem Venture Partners; Jeff Carmody, Chief Operating Officer, Agility Capital; and Ivan Nikkhoo, Managing Director, Siemer & Associates.

Register today at

Sponsored By


Recent Interviews

Browse Issues