Monday, April 25, 2011Machinima Raises $3.4MLos Angeles-based Machinima, which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. Source of the new funds have not yet been announced by the company. Machinima is venture backed by Redpoint Ventures, MK Capital, and others.
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Nevolution Gets $450K For Windows App StoreWoodland Hills-based Nevolution said today that it has raised $450,000 in an angel investment round, for the development of its Windows App Store. Nevolution said the round was led by Don Walerstein, founding partner of entertainment law firm Rohner & Walerstein, and also included Bradley Maryman, founder and president of international security and technical consulting firm Maryman & Associates. Nevolution is developing an application store focused on Windows PC software. The company is headed b (More info...)
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Greycroft Hires Bricault In LAVenture capital firm Greycroft Partners is bolstering its presence in the Los Angeles area, saying this morning that it has added Paul Bricault, former an EVP at William Morris Agency, as a Venture Partner in its Los Angeles office. Bricault was also previously involved with The Mailroom Fund, the now defunct venture capital firm which had combined the efforts of William Morris, AT&T, Accel Partners, and Venrock. Bricault joins Dana Settle, who is general partner in Greycroft's Los Angeles offic (More info...)
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RealPractice Ties With AvvoSanta Ana-based RealPractice, the developer of software and marketing services for law firms which is headed by Carey Ransom, said today that it has tied its service with Avvo, an online rating directory for law firms. According to RealPractice, it will allow its users to receive, respond to, and manage inquiries coming from Avvo's profiles and listings service. Financial details of the deal between the firms was not disclosed. RealPractice said it will route inquiries from Avvo directly to user (More info...)
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QLogic Snags New CFO From ConexantAliso Viejo-based QLogic, the developer of high speed, storage networking switches, adapters, and ASICs, said today that it has named Jean Hu as Senior Vice President and Chief Financial Officer. Hu was most recently Senior Vice President, Chief Financial Officer and Treasurer of Conexant Systems. Hu has also served at Rockwell International. QLogic makes host bus adapters (HBAs), switches, and other products for the storage networking industry.
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Interview with Scott Lahman, GOGIIScott Lahman is co-founder of Los Angeles-based GOGII (www.gogii.com), the developer of group text messaging application textPlus. Lahman is also one of the co-founders of JAMDAT Mobile, the immensely successful developer of mobile games, which had an IPO in 2004, and eventually became part of Electronic Arts in 2006. We spoke with Scott about GOGII and textPlus, the shifting mobile market, and also what lessons he's applied to his new startup.
What's the story behind GOGII?
Scott Lahman: (More info...)
posted on Monday, April 25, 2011(Full story)
Topspin Adds Discounts For Multiple AccountsLos Angeles-based Topspin, the developer of online marketing and commerce software for musicians and music labels, announced this morning that it is now providing discounted, multiple account software for record labels, marketing agencies, and others. Topspin said its new offering, called Label Pricing, will provide batched account upgrades for a single price. Topspin said its new discounted accounts make it easier for labels, marketers, and other companies to get their clients on board its plat (More info...)
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ValueClick Buys GreystripeWestlake Village-based online advertising firm ValueClick announced this morning that it has acquired Greystripe, an operator of a brand-focused mobile advertising network. The deal was worth $70M in cash. According to ValueClick, it has hired Greystripe's management team and employee base, and will run Greystripe as a wholly owned subsidiary of ValueClick Media. The company expects Greystripe to add $24 to $26M in revenues for the remainder of 2011. Greystripe was venture backed by Steamboat Ve (More info...)
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Fallbrook Technologies Bolsters AdvisorsSan Diego-based Fallbrook Technologies said today that it has added two former auto executives to its transportation advisory board. Fallbrook said it has added Neil Ressler, former former Vice President for Research and Vehicle Technology and Chief Technology Officer for Ford Motor Company, and Rudolph A. Schlais Jr., Chairman of ASL Management Consulting Company (ASL) and former CEO of General Motors Asia Pacific to the board. Fallbrook is targeting its transmission technology for the automoti (More info...)
posted on Monday, April 25, 2011(Full story)
Quest Software Bolsters Security ProductsAliso Viejo-based Quest Software said this morning that it has released a new version of its PacketTrap MSP remote monitoring and management platform for SMBs. The firm said the product now includes antivirus detection and better reporting, among other features. Quest Software targets its PacketTrap remote monitoring and management product at managed service providers.
posted on Monday, April 25, 2011(Full story)