Monday, July 26, 2010MyLife: More Than 1 Billion ProfilesLos Angeles-based MyLife, the people search site run by Jeff Tinsley, said Monday that it has now aggregated more than 1 billion user profiles. The site, which helps users find old contacts, coworkers, friends, and others, charging a subscription for access to the service. The site is backed by Oak Investment Partners, which has invested $25M in the firm. MyLife also said that it now has more than 50 million members, and is seeing around 1.5 million new members per month to the site. MyLife was (More info...)
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BioIQ Ups Funding By $1.0MSanta Barbara-based BioIQ, the provider of online wellness testing and related services for employees and their employers, has upped its latest round of funding to just over $1.0M, according to a regulatory filing from the firm today. Details on the additional funding were not disclosed. The company is headed by Justin Bellante. The firm has previously announced around $2.5M in funding from Great Pacific Capital.
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Study: Users Not Willing To Pay To Use Twitter, Other Online ServicesA study released Friday by the Center for the Digital Future, at the USC Annenberg School of Communications, finds that zero percent of Twitter users polled in the study would pay for Twitter. According to the study, it found that 49 percent of Internet users have used micro-blogging services like Twitter, but found that there was zero percent of users polled were willing to pay for such a service directly. The study said there was a "strong negative reaction" to paying for online services, desp (More info...)
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Rockoco Gets $1.5M For Super-Polishing DiamondsPasadena-based Rockoco, a spinout of Caltech, has raised $1.5M in a funding round, according to lead investor the Pasadena Angels. Rockoco is developing technology which increases the polish of natural diamonds, beyond previously achievable levels. According to the firm, it will use the funding to move the firm out of its current home at Caltech into its own facility. Rockoco has developed technology--based on etching diffraction gratings, and using standard semiconductor technology--which incre (More info...)
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Vision Solutions Completes Double-Take BuyIrvine-based Vision Solutions said today that it has completed its acquisition of Double-Take Software, which develops high availability and disaster recovery software. The deal was worth $242M. Vision Solutions said the buy "significantly expands" its product offerings and distribution capabilities. Vision Solutions is backed by private equity firm Thoma Bravo, and is the third major acquisition for Vision. Vision Solutions said the acquisition nearly doubles the size of the firm's organizatio (More info...)
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iRise Expands Into Code GenerationEl Segundo-based iRise, a developer of tools used by enterprises to prototype and visualize IT software projects, said today that it has shipping a new product which automatically produces code from its visualizations. iRise said its new iRise CodeGen product translates the firm's visualization into either Java or .NET code. Pricing on the new product was not announced. iRise said the code generated does not produce 100% complete code, but does give developers a significant head start on their d (More info...)
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CrowdGather Buys LeforaWoodland Hills-based CrowdGather, which operates an online network of discussions groups and forums, said today that it is in a definitive agreement to buy the technical assets of Lefora, a firm which operates online user forums. Financial terms of the buy were not disclosed. Crowdgather said the all-stock transaction also includes the hiring of key employees of Lefora. Financial terms of the deal were not disclosed. Crowdgather said the acquisition it its third major buy this year. Prior acquis (More info...)
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Tri Alpha Energy Gets $50MIrvine-based Tri Alpha Energy, a stealth mode firm apparently working on nuclear fusion technology, has raised $50M in funding, according to numbers released earlier this month in the PricewaterhouseCoopers/NVCA Moneytree venture capital report. Details on the funding--or the firm's technology--have not been announced. Tri Alpha Energy is apparently based on the research of UC Irvine professor Norman Rostoker, and has reported raised prior funding from such firms as Goldman Sachs, Venrock, Vulca (More info...)
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Teledyne Completes Intelek BuyThousand Oaks-based Teledyne Technologies Incorporated announced this morning that it has completed its acquisition of Intelek plc, a manufacturer of electronics systems for the satellite and microwave communications market. The deal was worth approximately $52M. Teledyne said that Intelek's Paradise Datacom division, which designs and manufactures satellite modems, transceivers, power amplifiers, and other components for the satellite communications market, becomes Teledyne Paradise Datacom. In (More info...)
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Mindspeed Sells PatentsNewport Beach-based chip provider Mindspeed Technologies said this morning that it has sold off a number of its patents in a $10M intellectual property sale. According to Mindspeed, the "legacy" patent sale includes $7.5M recorded in its fiscal fourth quarter 2010 revenues, and $2.5M which will be reported in its first quarter of 2011. Name of the buyer of the patents was not disclosed, nor were the specific patents covered in the sale.
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Conexant Gets Design WinNewport Beach-based Conexant Systems announced today that it has scored a design win with VXi Corporation. According to Conexant, VXi is using its CX20562 speakers-on-a-chip audio product. Financial details of the win were not disclosed. Conexant's semiconductors are being used for a USB headset adapter from Vxi.
posted on Monday, July 26, 2010(Full story)