Friday, August 13, 2010TCA Portfolio Firm Boston Heart Lab Scores More FundingA firm which is backed by Southern California's Tech Coast Angels, Framingham, Massachusetts-based Boston Heart Lab, has received $10.05M in a new funding round, according to a regulatory filing by the firm this week. No details on the funding have been announced by the firm. Boston Heart Lab is backed by Bain Capital Ventures, and according to local Boston publication citybizlist has previously received funding from the Tech Coast Angels, Beacon Angels, Launchpad Venture Group, InvestIN Forum, (More info...)
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Former MySpace Head Van Natta Shows Up At ZyngaOwen Van Natta, the former CEO of MySpace, has turned up as Executive Vice President of Business Operations at social gaming maker Zynga, according to multiple sources. Van Natta left Los Angeles-based MySpace in February, leaving the operation of the social networking site to Jason Hirschorn and Michael Jones. Since then, Hirschorn also left MySpace, leaving the Jones at the Helm. Jones was the founder and CEO of Userplane until its acquisition by AOL.
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Inphi Updates Financials, Acquires Taiwanese FirmInphi Corp., the Sunnyvale-based semiconductor maker which has major operations in Westlake Village, has released its latest financials in an updated S-1 from the company, saying that it had had net income of $19.6M on revenues of $25.9M for the six months ended June 30, 2010. The firm benefited from an adjustment to the firm's accounting of deferred income tax. The firm had net income attributable to common stockholders of $2.2M. That compares to net income of $762K on revenues of $23.3M for th (More info...)
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GotCast: 10,00 Job Postings To-Date On SiteLos Angeles-based GotCast, the online casting call and talent site run by Alec Shankman, said it now has now reached nearly 10,000 job postings to-date on the site. GotCast--which allows anyone to submit their photo, profile, and other relevant information in hopes of attracting the attention of Hollywood talent agents and casting directors--said the site is looking to fill the role of traditional employment tools and job search resources, as they continue to dry up. The firm has been looking to (More info...)
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Green Dot: Tight Credit Driving New CustomersPasadena-based Green Dot, the provider of prepaid credit cards which recently debuted on the markets, reported its quarterly earnings Thursday, saying that the tight financing environment continues to drive new customers to the company. On a earnings call discussing its second quarter results, CEO Steve Streit said that it is seeing "significant" new card activations at both Walmart and other retailers, attributing the rise to both a tight credit card environment and increasingly expensive bank (More info...)
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Oversee.net Buys AboutAirportParking.comLos Angeles-based Oversee.net, the domain monetization and Internet marketing firm, said Friday morning that it has integrated AboutAirportParking.com into its LowFares.com travel comparison site. The firm said it had acquired the airport parking reservation and domain name from T2 Media earlier this year. No financial details of the buy were disclosed. AboutAirportParking features information about airport parking lots, reviews, locations, and pricing information, currently covering over 400 pa (More info...)
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Mark Tapling On Language Weaver's Next ChapterLast month, Los Angeles-based Language Weaver (www.languageweaver.com), the developer of machine translation software, was acquired by SDL, a publicly held, UK-based firm in the language translation business. Having followed the firm since its early days as a spinout of USC, we thought we'd talk with CEO Mark Tapling to get the back story behind the acquisition, and where the firm is going form here.
Mark, thanks for the time today. What's the story behind the acquisition?
Mark Tapling: S (More info...)
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Buy.com Targets College StudentsAliso Viejo-based Internet retailer Buy.com said this week that it has launched a new section of its site specifically aimed at college students. According to Buy.com, its new Virtual Dorm Room store is aimed to college students transitioning to living away from home for the first time, and provides suggestions on products for college such as backpacks, computers, desks, chairs, toothpaste, and more. Buy.com is now owned by Rakuten.
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Iconosys Ships SMS Reminder SoftwareLaguna Hills-based Iconosys, a developer of mobile applications software, said Thursday that it has shipped an updated version of the firm's Might SMS software. The firm said the software is a text message scheduling system which is being used by professionals to automatically remind clients, patients, and others of appointments and to send thank you notes afterwards. Iconosys said the updated software is aimed at real estate, medical, dental, and other professionals. The software runs on Window (More info...)
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