Wednesday, April 27, 2011BirchStreet Systems Names Sales VPNewport Beach-based BirchStreet Systems, a developer of software used for electronic procurement, said Wednesday that it has named Bill Hirsch as Vice President of Sales, North America. Hirsch has previously served at BuyEfficient, Choice Hotels International, HD Supply and Ramada Franchise Systems. Hirsch will report to Sushil Garg, CEO and Chairman of BirchStreet.
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Technicolor Backs Video Search FirmTechnicolor, the provider of services to the motion picture, television, and media industry, has backed a North Carolina technology firm developing video search and discovery products. Durham, N.C.-based Digitalsmiths said that it has closed on $12.5M in a funding round, led by Technicolor, and including prior investors .406 Ventures, Aurora Funds, Chrysalis Ventures, Capitol Broadcasting and Cisco. Digitalsmiths provides video search and metadata technology for such companies as Warner Bros., T (More info...)
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Study Casts Doubt On Green Vehicle DemandDespite a huge amount of funding given to electric and hybrid vehicle manufacturers by venture capitalists, a new study from Westlake Village-based J.D. Power and Associates finds that the outlook for "green" vehicles will remained "limited" for some time. J.D. Power released the results of its 2011 U.S. Green Automotive Study, saying that automakers "will be fighting over" the "relatively few" consumers who are willing to drive green vehicles. The study examined attitudes of U.S. consumers to (More info...)
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TrueCar: More Than $1B Saved For ConsumersSanta Monica-based TrueCar, the automotive software and purchasing service headed by Scott Painter, claims this morning that it has saved more than $1 billion for car consumers. The firm, which provides software which allows users to configure and select automobiles with pre-negotiated discounts, said those savings came from the over 270,000 cars which have been sold through its auto-buying platform. TrueCar's platform is used by automotive discount and purchasing programs from credit unions and (More info...)
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Qualcomm Releases Augmented Reality Software For AndroidSan Diego-based Qualcomm has released a platform for developing augmented reality (AR) software for Android, the firm announced this morning. The firm said the software, available via its beta program, allows users to build, market, and distribute applications based on its Qualcomm AR platform. Qualcomm's software allows users to build interactive, 3D experiences which interact with real world images on printed media, such as books, magazines, tickets, signs, and product packaging. Qualcomm sai (More info...)
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Viddy Gets $1.6M For Mobile Video Sharing SoftwareVenice, California-based Viddy, a new startup developing mobile video tools, said today that it has raised $1.6M in a first round of financing, and launched a mobile video creation and sharing tool for the iPhone. the funding round came from Battery Ventures, Bessemer Ventures, Qualcomm, and angel investors including Jarl Mohn and early team members from YouTube. Viddy said it has launched an app which runs on iPhone, iPad, and iPod Touch which allows consumers to capture videos, stylize and edi (More info...)
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Nirvanix Rolls Cloud Storage Migration ToolsSan Diego-based Nirvanix, the provider of cloud storage services, said this morning that it has rolled out a new data migration tool, specifically at helping users migrate data from other cloud service providers. The company said its new cloud Sideloader technology will help customers migrate files from cloud service providers such as Iron Mountain and Amazon to its own online data storage service. Nirvanix pointed at the shutdown of Iron Mountain's cloud storage business, and recent outages at (More info...)
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Service-now.com Names Slootman CEOSan Diego-based Service-now.com, a provider of It management software-as-a-service, said Tuesday that it has named Frank Slootman as CEO. Founder Fred Luddy becomes Chief Product Officer. Slootman was the CEO of Data Domain, having taken that firm public in 2007, and selling the firm to EMC in 2009, where he served as a division executive. He also has served at Compuware and Borland Software.
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Music Reports Signs OmnifoneWoodland Hills-based Music Reports, a provider of music royalty tracking and reporting services, said today that it has linked with cloud music provider Omnifone. The comapny said it will manage mechanical licensing and royalty reporting for Omnifone's MusicStation Platform in the United States. Financial details of the deal were not disclosed. Omnifone provides cloud music services to consumer electronics, ISP, mobile, and automotive firms. Music Reports provides online tracking of music rights (More info...)
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StockTwits Names COOSan Diego-based StockTwits, the online social media service focused on trading stock tips and information, has named Francisc Costello as Chief Operating Officer. Costello was most recently COO at Veoh Networks, and has also served at Akonix Systems, Entrypoint, and McKinsey & Company. StockTwits is headed by Howard Lindzon, and allows users to share real-time information about stocks and finances.
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