Thursday, July 8, 2010
GameFly Yearly Revenues Hit $101.5M
Los Angeles-based GameFly, the videogame rental service which is waiting in the IPO wings, revealed Thursday afternoon that its yearly revenues have hit $101.5M in its fiscal year ended March 31, 2010. The privately held firm, which is looking to IPO on the NASDAQ Global Market under the symbol "GFLY", revealed the revenue numbers in an updated S-1 on Thursday afternoon. GameFly also revealed that it now has over 422,000 subscribers, as of March 31st, up from the 380,000 subscribers it had as of (More info...)

posted on Thursday, July 8, 2010(Full story)

Insights and Opinions: Choose Counsel Carefully

For today's Insights and Opinions article, we have a piece from Marc Averitt, a venture capitalist at Okapi Venture Capital, who talks about the importance of choosing counsel carefully.

Hi, my name is Marc… and I’m a recovering attorney. Well, maybe I should say “reformed” instead. Actually, while I like to make jokes at my former profession’s expense, a good number of my friends are attorneys (or ex-attorneys) and I am privileged to work closely enough with some of them on a weekly ba (More info...)

posted on Thursday, July 8, 2010(Full story)

Ceres Details Financing Round
Thousand Oaks-based Ceres, a developer of biofuels crop technology, said Thursday that it has completed a private offering of convertible preferred stock. The funding came from Artal Luxembourg, Ambergate Trust, Gimv, and other undisclosed investors. Financial terms of the funding were not disclosed by the company, however, the firm revealed in a regulatory filing earlier this month that it had raised $20M in a financing. Ceres said the funding will go to expand the company's reserach and commer (More info...)

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Metaplace Acquired by Playdom
San Diego-based Metaplace, the virtual worlds software firm started by Raph Koster and John Donham, has been acquired by social gaming firm Playdom, Playdom said Thursday afternoon. Financial terms of the buy were not disclosed. Koster and Donham were behind Sony Online Entertainment's Everquest II and Star Wars Galaxies titles. Playdom said that Donham will continue to run an office in San Diego, with Jason Hable, the firm's VP of Business Operations, moving to MOuntain View. Metaplace was back (More info...)

posted on Thursday, July 8, 2010(Full story)

Three Epic Startup Battles With SoCal Players

Here are three, Southern California startup firms--and their competitors--who are engaged in head to head battles to dominate their industry. Whoever wins, these are some of the local firms in interesting markets--and their tough, well-backed head-to-head competition--worth watching.

1. DocStoc vs. Scribd

DocStoc - Profile

DocStoc, based in Santa Monica, is headed by Jason Nazar, and offers a way for people to share and purchase professional documents.

Funding: Around $4.0M
Bac (More info...)

posted on Thursday, July 8, 2010(Full story)

Titan Gaming Taps Pierce, McCurdy For Board
Los Angeles-based Titan Gaming, the online gaming technology firm backed by the who's who of Southern California's angel investors, said today that it has added EA's Keith McCurdy and Affinity Media's Brock Pierce to its board, as well as appointed a number of executives. McCurdy was previously at Electronic Arts, serving as Vice President of Technology, and was behind the company's online division and massively multiplayer online games (MMOG) efforts. Pierce was the founder of Affinity Media/IG (More info...)

posted on Thursday, July 8, 2010(Full story)

ProfitLine Partners with Mobile Software Firm
San Diego-based ProfitLine, a developer of mobile and communications spending management services, reported today that it has partnered with BoxTone, a provider of mobile service management software for smart phones. According to the firm, it will embed BoxTone's MSM software into its ProfitLine Managed Services offerings. Financial details of the deal were not diclosed. ProfitLine said the addition of BoxTone to its services will allow it to add such things as centralized control of the Apple i (More info...)

posted on Thursday, July 8, 2010(Full story)

Total Immersion Launches Flash Module
Los Angeles-based Total Immersion, the developer of augmented reality software, said this morning that it has launched a new, Adobe Flash module for its software. The firm said its D'Fusion for Adobe Flash Player will allow designers and agencies to develop their own augmented reality apps, without the need for a specific plug-in. Total Immersion develops augmented reality software, which merges live, web-cam images with computer generated animation and data. The firm's technology is being used (More info...)

posted on Thursday, July 8, 2010(Full story)

Tech Firm Ties With Dodgers
The Los Angeles Dodgers are announcing a deal today with Taiwanese PC maker MicroStar International--which has its U.S. headquarters in the City of Industry--which will include both branding of a Dodgers limited-edition PC netbook, plus usage of MSI's PCs throughout the Dodgers operation. Financial details of the deal are not being disclosed, however, MSI will be selling the Dodgers limited-edition PC and Netbook through retailer La Curacao, which operates departments stores in Southern Californ (More info...)

posted on Thursday, July 8, 2010(Full story)

BandCon Acquired By Highwinds
Costa Mesa-based BandCon, a provider of content delivery network and related Internet infrastructure, has been acquired by Highwinds, an Internet services provider based in Florida. Financial terms of the buy were not disclosed. As part of the acquisition, BandCon founder and CEO Ari Benowitz become chief revenue officer at Highwinds. Highwinds said that the acquisition was a "natural fit" with its multiplatform IP service offerings and content delivery network (CDN).

posted on Thursday, July 8, 2010(Full story)

Pictage Acquires ShootQ
Torrance-based Pictage, which operates an online service for professional photographers, said today that it has acquired ShootQ. ShootQ is a developer of web-based software for managing the business of professional photographers, including handling workflow, marketing, and selling their work. Financial terms of the buy were not disclosed. Pictage operates an online site for wedding and portrait photographers, which allows clients to browse and order photos. The firms said the combo would create (More info...)

posted on Thursday, July 8, 2010(Full story)

SoCal IP Law Group LLP - IP Counselors For Technology Companies
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