Wednesday, June 16, 2010
The Tech Industry on the 101 Corridor - 6/18 - Westlake Village
Join us next Friday, June 18th, for the TechAmerica Westlake Senior Financial
Executive Roundtable Breakfast Series.

Ben Kuo, publisher and editor of, will present an overview of
the tech hotspots on the 101 Corridor from Hollywood to Santa Barbara. Ben
will discuss: -An overview of where the tech clusters are along the 101
freeway from Hollywood to Santa Barbara -Where venture capital is flowing
within this market -Market data of the number, sizes and industry focus of
tech companies in our area. -Plenty of time will be available for Q&A.

Register today at:

Worlize Gets Funding For Social Gaming
Los Angeles-based Worlize, a new startup focused on social gaming and chat, said Wednesday that it has scored initial angel funding for the firm, and opened up a private beta. The firm said it is developing a user-created, social gaming and chat platform for Facebook, Twitter, MySpace, and OpenSocial. Financial terms of the funding were not disclosed. Worlize's founding team includes CEO Brian McKelvey, who has served at Paramount, Sony Pictures, Lionsgate and Live Nation, and CFO Greg Diller, w (More info...)

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Goleta High School Students Win X Prize Contest
Students from Dos Pueblos High School in Goleta have won a trip to Detroit, after scoring the top prize in a student contest which is part of Playa Vista-based X Prize Foundation's Progressive Insurance Automotive X PRIZE Education Program. According to the X Prize Foundation, EDV Technologies from Dos Pueblos High School in Goleta was the Grand Prize winner for the DASH+ student contest, which asked students to design the "dashboard of the future" for automakers. Those students--Jake Moghtader, (More info...)

posted on Wednesday, June 16, 2010(Full story)

Demand Media Taps Joost For Pre-Roll Ads
Santa Monica-based Demand Media, the online content publishing empire of Richard Rosenblatt, has tapped Joost--now owned by Adconian--for its pre-roll advertising inventory. According to Joost, it is in a global sales and technology partnership where Demand Media will power pre-roll ads on,,, and other Demand Media sites. Financial details of the partnership were not disclosed. Joost is now Adconian's business for providing in-banner and in-stream video advertising (More info...)

posted on Wednesday, June 16, 2010(Full story)

Interview with Kevin Kent, Inspired Instruments
Last week, Irvine-based Inspired Instruments ( announced a round of funding, saying that it has developed an electronic guitar which combines the game controller functionality for popular videogames like Rock Band and Guitar Hero with actual musical functionality. To hear about how the firm is hoping to change the music industry, and bridge between the world of video games and music, we spoke with CEO and co-founder Kevin Kent.
Can you describe what your instrument is all (More info...)

posted on Wednesday, June 16, 2010(Full story)

CPMs Highest For Newspapers, Sports Sites
Display ad numbers released today from Internet analysis firm comScore shows that CPMs for Internet publishers were highest for newspapers, and lowest for social networking sites. According to comScore, in April 2010 the CPMs for display ad impressions were $6.99 for newspaper sites, and $6.29 for sports sites. Among the lowest CPMs are social networking sites, which garnered only an $0.56 CPM, as well as email, with a CPM of $0.94. Other high CPM earners are general news sites, at $6.14 CPM, an (More info...)

posted on Wednesday, June 16, 2010(Full story)

Pervasive Finds $6.0M
San Diego-based Pervasive, a stealth-mode firm which says it is working on systems-on-a-chip, power line communications (PLC) products for the smart grid industry, has raised $6.0M, according to a recent regulatory filing by the firm. No details on the funding have been announced by the company. Pervasive is headed by Reza Mirkhani, who was formerly at Entropic Communications.

posted on Wednesday, June 16, 2010 (More)(Full story) Raises $9M for Entertainment Content
Los Angeles-based, an online entertainment site focused on video gamers, has raised $9M in a investment from Redpoint Ventures, the firm said this week. The firm said the Series B funding round will go towards accelerating further growth at the company. As part of the investment, Geoff Yang of Redpoint will join the firm's board. Machinima's other board members include Lowermybills founder Matt Coffin and Joi Ito; the firm previously raised capital from MK Capital Partners.

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Eucalyptus Adds Windows VM Support
Santa Barbara-based Eucalyptus Systems, which develops open source, cloud management software, said today that it has launched the latest version of its Eucalyptus Enterprise Edition (EE) software with support for Windows virtual machines. The firm--which is a spinout of UC Santa Barbara--said the new software allows users to include applications and workloads running on the Windows operating system into its Eucalyptus private cloud. The software now supports Windows Server 2003, 2008, and Windo (More info...)

posted on Wednesday, June 16, 2010(Full story)

Dot Hill Accelerates Carlsbad Closure
Storage provider Dot Hill Systems, which manufactures RAID storage arrays, reported late Tuesday evening that it is accelerating its closure of its Carlsbad, California operations. The firm said it has implemented a "restructuring and cost reduction" plan which will result in severance costs of between $300,000 and $500,000 and facility reduction costs of between $200,00 and $350,000, related to its closure of its Carlsbad facility. Exact number of employees affected by the move were not disclos (More info...)

posted on Wednesday, June 16, 2010(Full story)

Teledyne Technologies Buys Intelek plc
Thousand Oaks-bsaed Teledyne Technologies said late Tuesady evening that it is acquiring Swindon, United Kingdom-based INtelek plc, a firm which designs and manufactures electronics systems for satellite and microwave communications. The deal is worth approximately $52.0M. Intelek has divisions manufacturing satellite modems, transceivers, power amplifiers and other equipment, another developing microwave circuits and components, and a CML division manufacturing machined and composite aerostruct (More info...)

posted on Wednesday, June 16, 2010(Full story)

GreenWave Reality Gets $11M
Irvine-based GreenWave Reality, a firm developing a home energy management platform, has raised $11M in an equity funding round, according to the firm today. The funding came from Craton Equity Partners, which contributed $5M to the funding, along with the Singapore Economic Development Board and other, un-named strategic investors. GreenWave Reality is developing an energy management platform which allows consumers to monitor and control their energy consumption, which combines energy monitorin (More info...)

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LEHR Licenses Products To Fiskars
Los Angeles-based LEHR, the maker of propane-fueled, eco-friendly lawn and garden tools, announced Tuesday evening that it has licensed its low-emission propane power technology to multinational Fiskars. Financial terms of the deal were not disclosed. According to LEHR, which is headed by Captain Bernardo J. Herzer, Fiskars will launch a new line of propane powered lawn and garden equipment powered by LEHR's technology. LEHR currently has a lawn trimmer, blower, and lawn mower that use propane i (More info...)

posted on Wednesday, June 16, 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

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

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