Tuesday, August 3, 2010Althea Technologies Gets $17M In Venture DebtSan Diego-based Althea Technologies, a provider of contract development and manufacturing for the life sciences market, has raised $17M in debt funding, according to financing provider Hercules Technology Growth Capital. Use for the funding was not disclosed. HTGC is a provider of both venture debt and equity to VC and private-equity backed firms. Althea is venture backed by Telegraph Hill Partners.
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RealPractice Gets New Funding, ExecsIrvine-based RealPractice, a developer of software used by law firms to manage their practices, said today that it has raised a new round of funding and appointed a new executive team. The firm said it has raised a new round of funding from its original angel investors, former employees, and Rustic Canyon Partners and Miramar Venture Partners. Amount of the funding was not disclosed. As part of the funding, the firm said it has named Brad Cooper as Senior Vice President of Marketing and GM of On (More info...)
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Tech Coast Angels Formally Announces New Fund, ACEAngel investing group the Tech Coast Angels has officially announced its new investment fund, the ACE Fund, as the group has begun to broaden out its investments strategy. According to the Tech Coast Angels, the Angel Capital Enterpreneurial Fund (ACE) 1 will give private and institutional investors access to investments that would otherwise only be available to experienced angel investor. The TCA said that the fund will help members benefit from the "collective wisdom" of the Tech Coast Angels, (More info...)
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Cleantech Investments Up In Q2A new analysis released today b y Ernst & Young, based on data from Dow Jones VentureSource, finds that U.S. venture capital investment in the clean technology sector was up in Q2. According to the study, US VC investments in cleantech hit $1.5 billion, spread across 65 financing rounds. The study said that is a 63.8 percent increase in the amount of capital, and 4.6 percent increase in number of deals compared with Q2 of last year. The numbers were heavily weighted toward the top 10 deals in th (More info...)
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Blizzard: StarCraft II Wings of Liberty Breaks Sales RecordsIrvine-based videogame maker Blizzard Entertainment sold 1 million copies of its new title, StarCraft II: Wings of Liberty, the firm said, in its first 24 hours of availability. The firm said those number would make it the best-selling PC game of 2010 based on the first 24 hours of availability. Blizzard said it sold more than 1.5 million copies of the game in the first 48 hours it was available. The title first went on sale at midnight on July 27th, in a global launch which included versions in (More info...)
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LiveOffice Claims Q2 Revenue GainsTorrance-based LiveOffice, which provides email archiving, compliance, and backup software-as-a-service, said today that it has seed a record second quarter in terms of revenues. The privately held firm did not disclose any actual finances, but said it saw a 177 percent growth in its LiveOffice Personal Archive product. LiveOffice--which is backed by private equity firm Summit Partners--also had said in Q1 that it had recorded record revenues. The firm has been claiming record revenues for the l (More info...)
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Smith Micro Expands BoardAliso Viejo-based Smith Micro Software said today that it has named James Straight to its board of directors. Straight has previously served at Verizon Wireless, and also was at the White House Communications Agency under the Reagan, Bush, and Clinton administrations. Smith Micro, which makes mobile communications and other software, said Straight will help the firm in its future growth.
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Trius Therapeutics To Hit Markets Today In IPOSan Diego-based Trius Therapeutics is set to hit the markets today, after pricing its IPO last night. Trius will trade on the NASDAQ Global Market under the symbol TSRX. Trius, a biopharmaceuticals firm developing antibiotics, priced its IPO and increased the number of shares it would sell last night, dropping the offering price to $5.00 per share, and expanding the number of shares to 10,000,000. The firm had previously said it would sell 6,000,000 shares of its stock at between $12.00 and $14. (More info...)
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Sendio Launches Free Email Protection ServiceNewport Beach-based Sendio, a provider of email protection services, said today that it has launched a free version of the firm's products. The firm said it will provide free service to companies with up to 100 users, at no charge, as part of its Sendio First Defense hosted service. Sendio's email service uses sender authentication to prevent spam and other unwanted email from reaching companies. Sendio said the free service will allow customers to see the benefit of its technology, so that they (More info...)
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Occam Wins Ohio Telecom CarrierSanta Barbara-based Occam Networks, a supplier of broadband telecom equipment, announced today that the firm has been selected by Wabash Mutual Telephone, a telephone exchange in Mercer County, Ohio. Occam said that Wabash Mutual Telephone has chosen its BLC 6000 platform to expand its broadband services in Ohio. Financial impact of the win was not disclosed. Occam said the firm's equipment is being used as part of a $4.3M, broadband stimulus fiber project which will provide digital television, (More info...)
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