Wednesday, September 22, 2010
Shaking The MoneyTree - 9/23 - Santa Monica
LAVA hosts PricewaterhouseCoopers' Shaking the MoneyTree

Please join LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on the results of the Q2 2010 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association, based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.

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CrownPeak Raises $1.75M in Series C
Los Angeles-based CrownPeak, a developer of web content management systems (CMS), has raised $1.75M in a Series C funding round, according to a regulatory filing by the firm today. Jim Howard, CEO of CrownPeak, told socalTECH that the funding came from Sigma Partners and SunAmerica Ventures. CrownPeak develops software used by companies to easily modify and maintain web sites, without requiring web designers to make those changes. The firm's software-as-a-service tools are used by customers such (More info...)

posted on Wednesday, September 22, 2010 (More)(Full story)

ViaSat Selected By JetBlue For Inflight Broadband
Carlsbad-based ViaSat, a developer of satellite and other wireless communication products, has won airline JetBlue Airways' inflight broadband contract, according to the firms. According to JetBlue and ViaSat Wednesday afternoon, the two will use ViaSat's satellite technology to roll out in-flight broadband to JetBlue's fleet of over 160 aircraft. JetBlue will use ViaSat's Ka-band satellites on its Embraer E190 and Airbus A320 aircraft. Financial impact of the win was not disclosed. The two firm (More info...)

posted on Wednesday, September 22, 2010(Full story)

A-Life Medical Acquired By UnitedHealth
San Diego-based A-Life Medical, a firm which developed software to help physicians to properly code the billing of medical procedures, has been acquired by a unit of UnitedHealth Group, the firms said Tuesday. According to Ingenix, the UnitedHealth unit, it is acquiring A-Life Medical to accelerate its development of advanced coding solutions for physicians and hospitals. The two were already in a strategic alliance. Financial terms of the deal were not announced. A-Life's software was used to d (More info...)

posted on Wednesday, September 22, 2010(Full story)

Solarflare Ships Networking Middleware
Irvine-based Solarflare Communications, the developer of 10 Gigabit Ethernet adapters, said today that it has released a new app acceleration middleware product targeted at financial services, geosciences, biosciences, weather and other high-performance computing (HPC) applications. According to SolarFlare, the new middleware, EnterpriseOnload, is based on the Linux open source project OpenOnload, helps reduce applicationlatency by 50 percent and increase message rates by 3 to 4 times in high pe (More info...)

posted on Wednesday, September 22, 2010(Full story) Launches Redesign, Plans iPhone App
Santa Monica-based, a provider of automotive information services, said today that it has rolled out a new site to its visitors, and is planning a release of an iPhone app--all part of an overhaul to update the service. Edmunds said the firm's site had "essentially looked the same" for many years, and CEO Jeremy Anwyl, in his blog, said the change was "a long time coming". Anwyl inferred that the changes were targeted at a new generation of consumers, saying that watching a "Gen Yer" (More info...)

posted on Wednesday, September 22, 2010(Full story)

MP3tunes Asks for Summary Judgement In EMI Battle
San Diego-based MP3Tunes, the online music locker service headed by Michael Robertson, is hoping to avoid a jury trial and end its three year long battle with record label EMI, and has asked the U.S. District Court for a summary judgement. According to Robertsons, the move is similar to those taken by Napster, Grokster, Youtube, Veoh, and others, and centers around its compliance with the Digital Millennium Copyright Act (DMCA). Robertson said that MP3tunes "promptly disabled access" to 350 alle (More info...)

posted on Wednesday, September 22, 2010(Full story)

MaestroDev, Winston Damarillo's Latest Firm, Uncloaks At JavaOne
Manhattan Beach-based MaestroDev, a firm developing Java build, test, and release tools for the software development community, has uncloaked at the JavaOne conference, exposing the latest firm started by GlueCode founder Winston Damarillo. The firm--which was in a closed, stealth beta until recently--said it is developing a single application interface to manage "every step of the DevOps cycle". The firm appears to be the company Damarillo told socalTECH in July which had just received venture (More info...)

posted on Wednesday, September 22, 2010 (More)(Full story)

Factual Launches Geo-Coded Business Dataset
Santa Monica-based Factual, the open data startup headed by Gil Elbaz, the inventor of Google's AdSense technology, said today that it has launched a new open set of data that the firm says provides geo-coded data for 14 million local U.S. businesses. Factual said that the data set helps developers gain access to information which had previously been difficult to license, due to multiple vendors and licensing requirements. The release also came in conjunction with new developer tools and redesig (More info...)

posted on Wednesday, September 22, 2010(Full story)

WiSpry Ups Funding To $6.48M
Irvine-based WiSpry, a maker of radio frequency (RF) semiconductors, has brought its Series C-1 funding round up to $6.48M, out of a $7.0M target, according to a regulatory filing by the firm this week. No details on the funding have yet been announced by the company. The funding has been ongoing since July 29th. It appears L Capital Partners, Paladin Capital Group, and Chart Venture Partners are involved in the round, but the firm has yet to confirm participants in the funding. WiSpry has raise (More info...)

posted on Wednesday, September 22, 2010 (More)(Full story)

Tecca, Backed By Best Buy, Launches Personal Electronics Shopping Service
Santa Monica-based Tecca said today that it has launched a new, personal electronics shopping and information service with the backing of Best Buy Co. and Fuse Capital. The firm, which did not disclose financial details of the investment, said the digital media fund established by Best Buy and Fuse Capital are backing its launch of a product information, pricing, and shopping mobile application. Tecca's software currently runs on Apple iPhone and Google Android devices, and the firm said it will (More info...)

posted on Wednesday, September 22, 2010(Full story)

RightScale Gets $25M For Cloud Computing Software
Santa Barbara-based RightScale, a developer of cloud computing management software, announced this morning that it has raised $25M in a new round of funding. The third round of funding was led by Tenaya Capital, and also included DAG Ventures, Benchmark Capital, Index Ventures, and Presidio Ventures. According to the firm, the new funding will go towards accelerating development of its products. RightScale's software allows enterprises to manage deployment of both public and private clouds. The (More info...)

posted on Wednesday, September 22, 2010 (More)(Full story)

Iteris Wins Automotive OEM
Santa Ana-based Iteris, a developer of lane departure detection technology, reported today that it has scored a win with an un-named, automotive OEM. Iteris said its technology--which is used to alert drivers if they are drifting into another lane while driving--will be integrated into a front camera systems for an OEM, expected to start production in 2011. The win comes through partner Valeo. Iteris currently is offered in Infiniti and Nissan vehicles. Iteris said the new win will brings its to (More info...)

posted on Wednesday, September 22, 2010(Full story)

Quest Software Names Two VPs
Aliso Viejo-based Quest Software announced today that it has named Michael Sotnick as its Vice President of Worldwide Channels and Alliance, and added Kevin Norlin as Vice President and General Manager of Sales for Europe, Middle East and Africa. Sotnick has previously served at ActiveIdentity, VERITAS Software, and SAP America. Norlin has previously served at Sun Microsystems, BEA Systems, Tivoli, and IBM. Quest Software is a developer of enterprise IT management software.

posted on Wednesday, September 22, 2010(Full story)

Valeant Plans Cash Payout, Following Biovail Merger
Aliso Viejo-based Valeant Pharmaceuticals, the specialty pharmaceuticals firm that is in the midst of a merger with Biovail, said today that it is planning a one time, special cash dividend of $16.77 per share, in conjunction with the merger. Valeant and Biovail announced their merger in June. The firms did not say why they decided to propose the special dividend in conjunction with the merger.

posted on Wednesday, September 22, 2010(Full story)

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