Monday, February 14, 2011AML Communications Acquired by AnarenCamarillo-based AML Communications, a developer of microwave amplifiers and integrated assemblies for defense electronics applications, has been acquired by Anaren, Anaren said Monday. The deal was worth approximately $29.3M, with an enterprise value of approximately $22.6M. According to Anaren, AML will become a wholy owned subsidiary of the company, within its Space & Defense Group. AML was advised by C.K. Cooper & Company in the deal. Anaren said it is paying $2.15 per share for AML, which t (More info...)
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ProFounder Financial Scores $185KLos Angeles-based startup ProFounder Financial, which is looking to harness the power of crowds to help fund startups and businesses, has raised $185,000 as part of a $1.0M debt funding round, according to a regulatory filing from the firm. No details on the funding have been announced. ProFounder said it helps entrepreneurs get funding from their friends and family, and handles sharing of revenue, paperwork, legal compliance, and other efforts for those startups. ProFounder was founded by Jessi (More info...)
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Dun & Bradstreet Credibility Corp. Names Paisley CFOLos Angeles-based Dun & Bradstreet Credibility Corp., the provider of business credit information firm headed by Jeffrey Stibel, the prior President and CEO of Web.com and GM of United Online, said today that it has hired Sam Paisley as CFO for the company. Paisley was most recently at ValueClick, having served as chief financial officer, chief operating officer and chief administrative officer. Paisley also has served at RazorGator, SpotRunner, PriceWaterhousecoopers, and KPMG. Dun & Bradstreet (More info...)
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SolarFlare Ties With HPC VARIrvine-based Solarflare Communications, which develops 10 Gigabit Ethernet adapters and semiconductors, said today that it has inked a reseller agreement with Advanced HPC, a provider of high performance computing and Linux clusters. The firm said that the move will expand its VAR program, and help it reach buyers in the education, government and defense sectors. Advanced HPC is based in San Diego.
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Specific Media Snags Two From Fox Audience NetworkIrvine-based Internet advertising network operator Specific Media is continuing to bolster its executive staff, saying today that it has named Fabrizio Blanco as its Chief Technology Officer, and Jason Knapp as Executive Vice President of Product. Blanco joins from Fox Audience Network, which was recently acquired by Rubicon Project. Blanco has also served at Strategic Data Corp. Knapp also was at Strategic Data Corp., where he was a co-founder, and also was involved in Fox Audience Network. Fox (More info...)
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Sidebar Signs Two PartnersSanta Monica-based Sidebar, the developer of mobile menu systems which is backed by Mobile Media Ventures, said today that it has inked two strategic partnerships. The firm said it is in strategic partnerships with Takenet and UTV Indiagames, to delier its products to mobile operators and telcos. Takenet serves the Brazilian and Chilean telco market; UTV Indiagames powers mobile game storefronts in India. Financial details of the partnerships were not disclosed. Sidebar is headed by Patrick Kenn (More info...)
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UberMedia Gets $17.5M From Accel PartnersIn the third, separate piece of news from Pasadena-based UberMedia today, the firm said it has completed a financing round from Accel Partners this morning. The firm raised $17.5M in the new funding round. UberMedia, which is headed by Idealab's Bill Gross, said the funding also included Steve Case of Revolution Ventures and Danny Rimer of Index Ventures. UberMedia just rolled out a new Twitter client, UberCurrent this morning, and reportedly just bought TweetDeck. As part of the new funding rou (More info...)
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TCA Gets First Close On Angel FundThe Tech Coast Angels announced this morning that it has had a first close on its Angel Capital Entrepreneurial (ACE) Fund 1, the firm's new early-stage investment fund. The fund--which has been in the works since last year--is aimed at making it easier for the TCA to move quickly to invest in companies. The Tech Coast Angels did not say how much funding it had in the first close, however, Dave Berkus, an angel investor managing the fund, has previously said the target is $5-6M for the fund. The (More info...)
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UberMedia Launches UberCurrentPasadena-based UberMedia, the Twitter client company headed by Idealab's Bill Gross, announced this morning that it has launched yet another Twitter application, called UberCurrent. The firm said the new client, available for iPhone, lets people follow "influential" Twitter users, even if they don't have their own Tiwtter account. The firm said the new app caters to users in a "entirely different way," providing pre-loaded lists of notable "influencers" in sports, politics, entertainment, and ot (More info...)
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Aerovironment Ships Home Charging SystemsMonrovia-based Aerovironment reports today that it has started shipping and installing its first residential smart charging systems for electric cars. The firm said it has began installing UL-listed chargers for both single family and multi-unit residences. Aerovironment's chargers are aimed at the elctric vehicle and plug-in hybrid market. No other details of the installations were given. Aerovironment said its smart charging sytsem include software and integration with utility It networks, sup (More info...)
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Interview with Mike Napoli, Tech Coast AngelsSince the Tech Coast Angels (www.techcoastangels.com), the largest angel investment group in Southern California, is holding one of its several Fast Pitch competitions next week in Los Angeles (www.pitchtheangels.com), we thought it might be a good time to catch up with Mike Napoli, incoming President of the Tech Coast Angels, to hear the his thoughts on the angel investing environment in Southern California from the angels' perspective. Interestingly enough--despite what seems like a frothy en (More info...)
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Quest Software Buys e-DMZ SecurityAliso Viejo-based Quest Software said this morning that it has acquired a access control and identity management software firm, e-DMZ Security, LLC. Financial terms of the acquisition were not disclosed. Quest said the acquisition would strengthen its identity management solutions. e-DMZ develops software used for password management, session management, and privileged command management.
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UberMedia Buys TweetDeck, Say ReportsPasadena-based UberMedia, the Idealab startup which is amassing a suite of Twitter related client applications, has acquired Tweetdeck, the provider of a third party Twitter client, according to multiple reports. The firm has not yet formally announced the deal. UberMedia is reportedly paying $30M for Tweetdeck. UberMedia has been busy buying up Twitter related client software firms, so far buying client apps Mixx, UberTwitter, Echofon, and Twidroyd Twitter clients. UberMedia was known as PostUp (More info...)
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Conatus Pharmaceuticals Raises $20MSan Diego-based Conatus Pharmaceuticals said Friday afternoon that it has closed a $20M, Series B funding round. The firm, which is developing treatments for Hepatitis C, said the funding was led by AgeChem Venture Fund, and also included Aberdare Ventures, Advent Venture Partners, Bay City Capital, Gilde Healthcare Partners, and Roche Venture Fund. The firm said the funding would go towards clinical development of its CTS-1027 drug candidate. Louis Lacasse of AgeChem joins the firm's board as p (More info...)
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Telogis Raises $2.8MAliso Viejo-based Telogis, a provider of location-based intelligence software and services for fleet routing, has raised $2.8M, according to a regulatory filing by the firm. No details of the funding have been announced. The funding round closed on the same day as Telogis acquired Integris, a provider of rounting, mobile resource, and fleet management software.
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