Wednesday, February 2, 2011
Need Office or Tech Space? Think Glendale

The City of Glendale was recently named as a finalist for the “Most
Business Friendly City Award” sponsored by the Los Angeles County
Economic Development Corporation. Learn why Glendale is the perferct
location for your high tech startup, with companies like DreamWorks
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The Colbert Report, Daily Show Return To Hulu
Los Angeles-based online video site said Wednesday evening that it has reached a content partnership with Viacom, which will return "The Daily Show with Jon Stewart" and "The Colbert Report" to Hulu. Financial terms of the deal were not disclosed. According to Hulu, the deal returns full episodes and clips of the two shows on the free, ad-supported service; the deal also pulls other popular show from Viacom's Comedy Central, MTV, BET, VH1, Spike TV, and TV Land into the Hulu Pl (More info...)

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Patrick Soon-Shiong Buys Vitality Corp.
Patrick Soon-Shiong, the Los Angeles area biotech billionaire, has acquired Vitality Corp., a Cambridge, Massachusetts maker of "smart pills." Financial terms of the acquisition were not disclosed. According to Vitality, the acquisition will enable the company to expand its product line. Vitality makes the "GlowCaps", which light up, play a melody, and ring a home phone to remind users to take their medication. Vitality said it will continue to operate from Cambridge, but will also hire addition (More info...)

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GotCast Wins Playboy
Los Angeles-based GotCast, the online casting site run by Alec Shankman, said Wednesday that it has scored a casting by Playboy. According to the firm, it is helping to promote a casting call for Playboy's Miss Social, an effort which includes a photo shoot with the magazine. GotCast did not disclose any financial details of the win. The online site helps producers and others find talent.

posted on Wednesday, February 2, 2011(Full story)

Irvine Sensors Chops Staff
Costa Mesa-based Irvine Sensors, a developer of electro-optical cameras, image processors, and other semiconductor products, said Wednesday that it has cut approximately 19 percent of its workforce. The firm said the move is expected to save the firm around $1.4M in annual expense reductions. The firm said the cuts came to staff "not fully utilized in support of the current product and revenue."

posted on Wednesday, February 2, 2011(Full story)

Apriso Wins Bombardier Aerospace
Long Beach-based Apriso has landed aerospace manufacturer Bombardier Aerospace as a customer, the company said this morning. No financial details of the customer win were disclosed. Apriso is a developer of manufacturing management software, used for business process management.

posted on Wednesday, February 2, 2011(Full story)

Mad Catz, Microsoft In Licensing Deal
San Diego-based Mad Catz Interactive, a developer of electronic accessories, said this morning that it is in a deal with Microsoft to produce a range of license, co-branded audio headphones. Mad Catz said the license covers Microsoft Xbox 360 brand. The firm said that Mad Catz and Microsoft will jointly design and brand wired and wireless headphones, which will include both Microsoft's Xbox logos as well as Mad Catz's Tritton brand. Financial details of the deal were not announced. The two firms (More info...)

posted on Wednesday, February 2, 2011(Full story)

Verve Wireless Buys Deconstruct Media
Encinitas-based Verve Wireless, which develops mobile applications for local publishers, said today that it has acquired Deconstruct Media, a mobile advertising technology firm. Financial terms of the acquisition were not disclosed. Verve said that Deconstrcut Media was founded by a team of former product and engineering executives, and offers up a way for mobile publishers to manage their ad sales and display advertising. Verve said that Deconstruct's team will be based of it it (More info...)

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Cornerstone OnDemand Wins Save The Children
Santa Monica-based Cornerstone OnDemand said today that it has signed up nonprofit Save the Children as a customer. According to Cornerstone, Save the Children is using its talent management software for learning management, employee performance management, and other efforts. Financial details of the win were not disclosed. Cornerstone OnDemand said that the product is being used to manage Save the Children's 5,200 employees around the world.

posted on Wednesday, February 2, 2011(Full story)

RealPractice Adds Website, Lead Management Tools
Santa Ana-based RealPractice, the developer of technology and marketing services for law firms that is headed by Carey Ransom, said this week that it has launched new website building and lead management tools for its customers. The firm said the new features allow solo and small law firms to build professional websites, track client leads, and track online and offline marketing campaigns. RealPractice's new version was launched in beta in November. Ransom took the reigns last year, and has been (More info...)

posted on Wednesday, February 2, 2011(Full story)

LAVA 8th Annual Venture Awards Dinner - Feb 9 - Los Angeles
Richard Riordan to be Honored!

LAVA hosts its Venture Awards Dinner on February 9th to recognize companies in the Los Angeles area that have received a new round of financing during the year and that have been judged by a committee of venture capitalists and other technology and life sciences industry experts to have the greatest potential to grow rapidly and create value for their investors.

Also, LAVA’s tradition of recognizing an individual who has dedicated his/her life to supporting and advancing entrepreneurship continues in its nomination of Richard Riordan.

LAVA 8th Annual Venture Awards Dinner
Celebrating 25 years of service to the Los Angeles Entrepreneurial Community
February 9, 5:30 p.m. – 9:00 p.m.
The Luxe Hotel on Sunset

Featuring KNX1070 Business Hour Host: Frank Mottek as Master of Ceremonies

Register now at

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