Tuesday, March 22, 2011
Clearwire Expands Coverage In LA
Broadband wireless service provider Clearwire said this week that it has expanded its coverage in the Los Angeles area. According to the firm, its Los Angeles service area now covers more than 1,900 square miles. Clearwire provides it broadband using the WiMAX wireless protocol, both via its own brand and cross branding with Sprint. In the LA area, it appears that Clearwire has increased coverage across the LA basin and Orange County, in most neighborhoods. Clearwire has been providing 4G in LA (More info...)

posted on Tuesday, March 22, 2011(Full story)

RingRevenue Sees Traction In Financial Services
Santa Barbara-based RingRevenue, the pay-per-call technology provider, says today that it has been seeing gains in the financial services industry with its platform. RingRevenue, which is headed by Jason Spievak, said it has seeing traction with affiliates in the financial services area. The firm said companies like Progrexion Marketing--which markets the credit repair product Lexington Law--has been seeing success with pay-per-call using its products. RingRevenue said Progrexion has seen an inc (More info...)

posted on Tuesday, March 22, 2011(Full story)

FastSpring Launches Subscription Management Service
Santa Barbara-based FastSpring, the e-commerce and payment processing software firm headed by Dan Engel, said this week that it has launched a new online subscription management and payment service called SaaSy. Engel said that the service is aimed at SaaS and Web 2.0 companies, to eliminate their need for maintaining their own e-commerce infrastructure. The new product is specifically aimed at providers of subscription services. Engel has some prior success in the Internet area, having been VP (More info...)

posted on Tuesday, March 22, 2011(Full story)

SocialVibe Gets $20M More
Los Angeles-based SocialVibe, the provider of social advertising software and technology, announced today that it has raised $20M in additional equity funding. The funding was led by Norwest Venture Partners, and also included Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Jeff Crowe of Norwest Venture Partners joins the company's board as part of the funding. SocialVibe is headed by Jay Samit. The company said the new funding will go towards growth efforts. The firm provides technolog (More info...)

posted on Tuesday, March 22, 2011 (More)(Full story)

Central Desktop Targets Marketers
Pasadena-based Central Desktop, the online provider of project management and collaboration tools, announced today that it has launched a new product targeted at marketing agencies. Central Desktop, whichi s headed by Isaac Garcia, said its new product offers up a way for marketing, advertising and creative agencies to communicate with their account team and clients, handle digital reviews and approvals, automate work orders, and much more. The firm said the new offering starts at $899 per month (More info...)

posted on Tuesday, March 22, 2011(Full story)

MasterImage 3D Gets $15M From Samsung
Hollywood-based MasterImage 3D, a developer of 3D technology tools, announced today that it has raised $15M in a strategic investment from Samsung Ventures. MasterImage said it is developing technology for auto-stereoscopic 3D displays and 3D content creation tools for mobile devices, along with 3D cinema products. The firm's technology is used to create glasses-free 3D for mobile phones.

posted on Tuesday, March 22, 2011 (More)(Full story)

Interview with Kevin Covert, Covert & Co.

Yesterday, Kevin Covert, formerly one of the co-founders of Montgomery & Co., announced he had formally launched Los Angeles-based Covert & Co. (www.covertandco.com). Montgomery & Co. has had a fairly significant connection to the market here, and is among the more prominent investment banks in the area. We spoke to Kevin earlier about his new firm and the move.

Talk about how you got here?

Kevin Covert: I co-founded Montgomery & Co. with Jamie Montgomery and a few others back in 1999. I (More info...)

posted on Tuesday, March 22, 2011(Full story)

Ortiva Wireless In Alliance With RealNetworks
La Jolla-based Ortiva Wireless, which develops mobile video management and gateway products, and digital entertainment firm RealNetworks said today they are in a global business and technology alliance. According to the two, Real will add video optimization to its Helix Universal Media Server product line, based on Ortiva's technology. Financial details of the alliance and partnership were not disclosed. Ortiva's technology is used to optimize the delivery of videos and streaming media to mobile (More info...)

posted on Tuesday, March 22, 2011(Full story)

SRS Labs, Qualcomm Link On Surround Sound
Santa Ana-based SRS Labs said today that it has linked up with San Diego-based Qualcomm, to provide its audio technologies within Qualcomm's Snapdragon chipsets. Financial details of the licensing agreement were not disclosed. The two said that SRS audio technologies will be used to augment the audio and multimedia capabilities of Qualcomm's Snapdragon chipsets. SRS said its technology is already shipping in Android and Windows 7 devices. SRS provides signal processing technology and surround so (More info...)

posted on Tuesday, March 22, 2011(Full story)

Peer Media Technologies Merges With Bay TSP
Los Angeles-based Peer Media Technologies, the anti-piracy firm which was formerly ArtistDirect, and content tracking and protectiom firm Bay TSP.com said Monday that they have signed an agreement to merge. Peer Media Technologies is headed by Dimitri Villard, and provides anti-piracy services targeted at peer-to-peer (P2P) networks. Financial details of the merger were not disclosed. Both firms provides monitoring of pirated music and other entertainment on P2P networks. Peer Media Technologies (More info...)

posted on Tuesday, March 22, 2011(Full story)

EdgeCast, Media Temple Team On CDN Service
Los Angeles-based EdgeCast, the content delivery network firm headed by James Segil, and fellow Los Angeles web hosting provider Media Temple, run by Demien Sellfors, are announcing today they are launching a new content delivery network offering for Media Temple's customers. The two said that Media Temple's ProCDN will provide pay-as-you-go content delivery serviecs to Media Temple's customers. Financial details of the deal were not disclosed. The new CDN service helps Media Temple expand beyon (More info...)

posted on Tuesday, March 22, 2011(Full story)

How did SoCal's venture investments go in Q4? Read more
Interested in seeing how Southern California did in Q4 of 2010 in the venture market? Are companies being funded? And who's getting that funding? See PwC's Shaking the MoneyTree Q4 2010 results in the PwC Emerging Company zone.

PwC Emerging Company Zone:

SoCal MoneyTree Report:

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