Wednesday, March 30, 2011CineForm Acquired By GoProSolana Beach-based CineForm, a developer of video compression technology, has been acquired by helmet-mounted camera firm GoPro. Financial terms of the acquisition were not disclosed. GoPro said that CineForm will become a division of the company, and continue to develop and support its products. CineForm will join its offices with GoPro's existing staff in San Diego. GoPro is based in Half Moon Bay, California, and was founded by UCSD graduate Nicholas Woodman.
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Zumbox In Deal With OutsourcerWestlake Village-based Zumbox, the provider of paperless billing and delivery systems run by John Payne, has inked a deal with 3i Infotech, a business process outsourcing firm focused on billing and payment handling. According to 3i Infotech, it has partnered with Zumbox to allow 3i's clients to send electronic bills and other customer communications via Zumbox's system. Financial details of the partnership were not announced. 3i said it is focused on companies looking to manage the costs and re (More info...)
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Inspiration Biopharmaceuticals Raises Funding To $247MLaguna Nigel-based Inspiration Biopharmaceuticals, a developer of treatments for hemophilia, has raised its latest funding to $247.6M, according to a regulatory filing by the firm today. Details on the funding have not been announced by the company. The filing indicates that the firm received a new outside equity investment, non-equity exchanged for equity, an exchange of prior equity for new equity, plus convertible notes based on future milestones convertible into equity. The deal also apparen (More info...)
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Boingo Wireless Gets Netbook Preinstall WinLos Angeles-based Boingo Wireless, the operator of a network of Wi-Fi providers, has inked a pre-install deal with a software provider. Boingo and VideACE Technology Co. said today that the Boingo Wi-Fi app will be pre-installed on laptops and netbooks which use VideACE's InstantVidget, an "instant-on" software product which is available on ASUS and Lenovo netbooks. Financial details of the deal were not disclosed. VideACE's technology makes applications and services available without booting up (More info...)
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mobileStorm Personalizes App PromotionLos Angeles-based mobileStorm, the mobile, SMS, email, and marketing firm headed by Jared Reitzen, has launched a new product to help its customers promote their mobile applications. According to the firm, its new mobileStorm App Accelerator uses information about current customers to tailor the promotion of a company's mobile applications to those users. mobileStorm says it identifies the operating system of devices used by current users in a company's database, and personalizes an SMS message (More info...)
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Interview with Jeb Spencer, TVC CapitalLast week, El Segundo-based Accordent Technologies, a developer of webcasting and presentation services and software, was acquired by Polycom, in a $50M deal. The firm's investor was San Diego-based TVC Capital, which invested only $4M in total in Accordent before it was acquired. We chatted with Jeb Spencer, Managing Partner at TVC, to understand the firm's strategy and how the investment worked out.
Jeb, thanks for the time today. It was interesting to see the acquisition of Accordent - it (More info...)
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UberMedia Updates UberSocial for iPhonePasadena-based UberMedia, the Idealab startup which is developing applications for reading and posting to Twitter, announced today that it has released a new version of UberSocial for the iPhone. The firm said that its new version, UberSocial 1.5, now provides a live preview features for tweets, new curated channels focused on news, entertainment, business, and sports; and more. UberSocial was previously known as UberTwitter, until a major spat with Twitter over the features and naming of the so (More info...)
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TCA Trumpets ExitsThe Tech Coast Angels, the biggest angel investment group in Southern California, is trumpeting its involvement in five exits in 2010 today. The Tech Coast Angels said that it saw a 78.75 percent IRR as part of its involvement in the Series D financing of Mind Body Partnerships. The angel group also pointed out exits in Integrien, acquired by VMware for $100M in August; the acquisition of Language Weaver by SDL in July for $42.5M; the IPO of Trius Therapeutics, which raised $60M in an IPO in Aug (More info...)
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Contour Energy Expands Battery LineAzusa-based Contour Energy Systems, the venture-backed battery developer spun out of research from Caltech, said today that it has added two new lithium batteries to its line of coin cells. The firm said the new 2016 and 2450 lithium coin cells are aimed at advanced and next generation portable electronics. Contour said the cells are designed for OEM applications in the medical, consumer, automotive, and military markets. Contour Energy is venture backed by CMEA Capital, Harris and Harris, Schlu (More info...)
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Guidance Sofware Reveals Federal CustomersPasadena-based Guidance Software, which develops digital forensics and electronic discovery software, revealed a big list of its federal government customers today, saying that the Department of Defense (DOD), Department of Energy (DOE), Drug Enforcement Agency (DEA), Department of Justice (DOJ), Department of Treasury, Federal Bureau of Investigation (FBI), Federal Aviation Administration (FAA), United States Army, and Social Security Administration are all using the firm's software.
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