Thursday, April 28, 2011JMI Equity Re-Ups On AppNetaSan Diego-based JMI Equity, the private equity firm investing in software and business services, has re-upped its investment in Wellesley, Mass.-based AppNeta. AppNeta said Wednesday that it has raised $6.2M in additional capital, from Bain Capital Ventures, Egan-Managed Capital, JMI Equity, and Business Development Bank of Canada. All of those investors are existing investors in the company, which has raised at least $33.8M across four rounds of funding. JMI is represented by Jit Sinha on AppNe (More info...)
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Venture Investors Gain ConfidenceA new study released last night finds that Silicon Valley venture capitalists have gained significant confidence from last quarter. The Silicon Valley Venture Capitalist Confidence Index, compiled by Professor Mark Cannice at UC San Francisco, found that venture investors had an "increasing upward momentum" in terms of their outlook for the next 6-18 months. The report said confidence ranked at 3.91 out of a 5 point scale, up from 3.75 in last quarter. The survey included only San Francisco Bay (More info...)
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Cornerstone OnDemand Signs Broadcast Technology FirmSanta Monica-based Cornerstone onDemand, the provider of talent management software, reported today that it has signed Grass Valley, a provider of broadcast technology and professionals services, as a customer. Size of the win was not disclosed. Cornerstone said that Grass Valley is using its Extended Enterprise platform, to manage online training for its customers and resellers. Cornerstone OnDemand is one of the latest Southern California companies to successfully IPO this year; the firm went (More info...)
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LaunchSpark Starts YCombinator-style Incubation ProgramA local entrepreneur, Mike Khristo, is launching a new, Y-Combinator style incubation and acceleration effort, LaunchSpark, after becoming frustrated by the lack of a similar incubation effort in SoCal. Khristo, who said he is modeling the program after similar effort YCReject.com in the Bay Area, said he is hoping to run YC-style
gatherings, learning, mentoring, and demo days but without the funding. Khristo is also hoping that the effort will see some of the success of YC Reject, founded earl (More info...)
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Inherited Health Acquired By Informed Medical DecisionsLos Angeles-based Inherited Health, the online site for gathering and storing family health information headed by Lee Essner, has been acquired by Informed Medical Decisions. Financial details of the acquisition were not announced by the companies. Inherited Health, which was formerly known as AccessDNA, provides an online site focused on family health history and hereditary disease risk. As part of the acquisition, Essner joins Informed Medical Decisions board of directors. Informed Medical Dec (More info...)
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Interview with Rich Rygg, HipGeoEarlier this month, Fullerton-based HipGeo (www.hipgeo.com) announced a $500,000 funding round from Morado Venture Partners, the seed fund of ex-Yahoo executives Ash Patel and Michael Marquez, eHarmony's Galen Buckwalter, and San Diego angel investor Bob Bingham. Rich Rygg is a co-founder of the company, who explains to us what exactly HipGeo is, and what they're hoping to do.
Explain what HipGeo does?
Rich Rygg: We are creating a toolset, which allows users to record their day. They can k (More info...)
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Coradiant Acquired By BMCPoway-based Coradiant, which develops data center monitoring software, has been acquired by BMC Software. Financial terms of the acquisition were not disclosed. BMC said the move would "substantially enhance" its ability to offer businesses a 360 degree view of service performance. Coradiant 's software will help to bolster BMC's software products, via a new offering, BMC End User Experience Management. Coradiant was venture backed by DCM-Doll Capital Management, Desjardins Capital Management, G (More info...)
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Acelot Launches Chemical Search ToolsSanta Barbara-based Acelot, a startup developing technology originally developed at UC Santa Barbara, said Wednesday that it has released a new set of chemical search and discovery software targeted at the pharmaceutical industry. The company, which is headed by Professor Ambuj K. Singh of UCSB, said its technology is aimed at chemists and pharmacologists looking to mine information from their molecule databases.
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Active.com Ties With espnWSan Diego-based Active.com, the flagship site of Active Network, said Wednesday that it has linked with espnW, ESPN's online site aimed at female athletes. Active.com said that espnW has joined its online affiliate program, and partnered to promote Active.com's Trainer product via espnW. Active.coms Trainer software lets users plan, log, and share training plans and fitness activities. Financial details of the deal between the firms was not disclosed.
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Network Hardware Resale Expands OfficesSanta Barbara-based Network Hardware Resale, which sells used and new networking equipment, said Wednesday that it has doubled the size of its corporate headquarters in Santa Barbara. The firm said it has moved into a new, 99,000 square foot office and warehouse in Santa Barbara. The company said the office lease is the largest one of the year for the area, and the largest industrial lease since 2005. The firm has also expanded its facility in Amsterdam, by more than 50 percent. Network Hardware (More info...)
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