Thursday, May 13, 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

Learn more at Dating(.com) Worth More Than Therapists
Los Angeles-based, the domain name monetization and Internet marketing firm run by Jeff Kupietzky, continues to rack up million dollar domain names sales. The firm is reporting today that its SnapNames and Moniker units just closed an auction at DOMAINfest in Florida, where the domain name was sold for $1.75M, beating out such domains as ($450,000), ($50,000), and ($30,000) in worth.

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Source: Adaptec Shutting Down Lake Forest Site
Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. No details on the shutdown have been given, and Adaptec has not returned emails and phone calls requesting confirmation of the move. Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic, a developer of RAID chips and technology. At that time, Aristos had approximately 75 employees. The move appears to be related to the sale of Adaptec's R (More info...)

posted on Thursday, May 13, 2010(Full story)

Enclarity Gets Investment From Emdeon
Aliso Viejo-based Enclarity, a developer of healthcare information solutions, recently received an investment from Nashville, Tennessee-based Emdeon. Financial terms of the investment were not announced, however, Emdeon said that the minority equity investment will go to fund development and implementation of several additional healthcare efficiency projects at Enclarity. Encalrity's software is used for claims processing, regulatory compliance and market analysis in the healthare information ar (More info...)

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BioIQ In Deal With UnitedHealthCare
Santa Barbara-based BioIQ, a developer of health screening kits and related online services, has scored a win with UnitedHealthcare. According to UnitedHealthcare, it is now offering at-home, health screening kits for corporate wellness programs, which will help companies screen employees for such conditions as diabetes and heart disease. The kits are coming from BioIQ, and will be available nationwide. UnitedHealthcare said it is one of the first health insurers in the nation to offer at-home (More info...)

posted on Thursday, May 13, 2010(Full story)

Sequent Medical Raises $15.6M
Aliso Viejo-based Sequent Medical, a firm focused on medical devices for treating neurovascular disease, said Thursday that it has raised $15.6M in a Series B funding round. The funding was led by Domain Associates, and also included Versant Ventures and US Venture Partners. As part of the funding, the company said that Domain's Nimesh Shah joins the company's board of directors. Sequent's technology is focused on treatment of cerebral aneurysms.

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RightSignature Wins Farmer's Insurance
Santa Barbara-based RightSignature, the electronic signature site run by Daryl Bernstein, announced today that it is powering a new electronic signature solution for Farmers Insurance Claims. According to Farmers Insurance, its eZsign initiative allows customers to settle claims using electronic signatures. The new signature system is powered by RightSignature, and replaces a current system which uses overnight packages and paper documents to settle insurance claims. Farmers said it initially la (More info...)

posted on Thursday, May 13, 2010(Full story)

Internet Brands Sued By Founders of Model Mayhem
Los Angeles-based Internet Brands has been sued by the former owners of one of the firm's properties, Model Mayhem, according to legal documents recently leaked to the press. According to the complaint, which was filed by Donald F. Waitt and Tyler A. Waitt, founders of Model Mayhem, Internet Brands failed to make deferred payments which were a part of the deal to acquire Model Mayhem. Specifically, the complaint--filed in the United States District Court, Central District of California--says tha (More info...)

posted on Thursday, May 13, 2010(Full story)

Hulu Makes Major Upgrades To Video Player
Los Angeles-based video site Hulu has just rolled out a number of major upgrades to the service and its video player, the firm announced this morning. Hulu said it would be releasing the updated player today, with features such as new, adaptive bitrate streaming to accommodate for Internet performance; better volume control on advertising; new options on closed captioning displays; a preview feature on video timelines with frame snapshots; a "heat map" to pinpoint interesting points in episodes (More info...)

posted on Thursday, May 13, 2010(Full story)

Rubicon Project: 25 Percent Growth In Ad Spending In Q1
Los Angeles-based Rubicon Project is reporting today that there was a 25 percent, year-over-year growth in online ad spending, according to the firm's Q1 2010 Online Advertising Market Report. The firm, which has been analyzing Internet advertising trends every quarter based on online publishers using its Internet advertising optimization service, said it expects 2010 to be "strong for revenue growth" in the advertising industry. Rubicon is venture backed by Clearstone Venture Partners, Mayfield (More info...)

posted on Thursday, May 13, 2010(Full story)

Spot Runner Ties With CoreMedia Systems
Los Angeles-based Spot Runner, a developer of Internet advertising technology and services, announced this morning that it has integrated its Malibu Media Platform with CoreMedia Systems product, CoreDirect. CoreMedia develops software used for direct response media management. According to the two companies, the move will allow users to optimize the effectiveness of their campaigns in the Malibu Media Platform. Spot Runner's Malibu platform allows media buyers and sellers to buy and sell their (More info...)

posted on Thursday, May 13, 2010(Full story)

MSC.Software Ties With LifeModeler
Santa Ana-based MSC.Software, a developer of simulation software, said earlier this week that it is in a partnership with LifeModeler, to integrate the firm's MSC Adams software into the LifeMOD human modeling and simulation software. Financial details of the partnership were not disclosed. The firms said the move will help biomechanical engineers and scientists to accurately create virtual human models, specifically for testing of medical device designs.

posted on Thursday, May 13, 2010(Full story)

CODA Automotive Names Sales VP
Santa Monica-based CODA Automotive, the heavily backed electric car manufacturer, said today that it has hired David Funston as its Vice President, Fleet and Commercial Sales. Funston joins the company from Funston Fleet Services, which he founded, which provided consulting to OEMs, dealer groups, and fleet dealers on fleet sales and used vehicle remarketing. CODA said that Funston will market the firm's sedan to commercial fleet customers. Funston has also served at Isuzu, Hyundai Motor, and Ch (More info...)

posted on Thursday, May 13, 2010(Full story)

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

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

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