Thursday, May 5, 2011
Entrepreneurs Conference - UCLA - May 13th
Join us at the 26th annual Entrepreneurs Conference at UCLA Anderson on Fri, May 13th. We welcome an audience of more than 400 students and professionals for a full day of networking and learning events including industry panels (Micofinance, New Media, Real Estate, Cleantech, Retail, Restaurants, Education), real world case studies (Local Marketing, Business Development and Fundraising), fast pitch competition, and two Keynote addresses by Paige Craig (angel investor and BetterWorks CEO) and
Will Kassoy (gaming veteran and CEO of mobile entertainment startup Jirbo).

Early bird discounts available till May 6! Save an additional 15% using the code SOCALTECH. Please visit the website for schedule, bios and ticket information:

Vitesse CFO To Retire
Camarillo-based Vitesse Semiconductor, the maker of high speed networking ICs, said Thursday that Richard C. Yonker, its Chief Financial officer, is retiring. The firm said Yonker will remain in the position until a successor is found. Yonker has been at the firm since 2006, and was in charge of the major restructuring of the firm's finances after the company was caught up in stock options dating issues. Vitesse finally returned to the NASDAQ in March. Vitesse also announced its quarterly result (More info...)

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Demand Media Launches Long Form Article Effort
Santa Monica-based Demand Media, the online publisher which runs such sites as,, and LIVESTRONG.COM, said Thursday afternoon that it is launching a new effort focused on long-form web content. The firm said it is looking to engage feature writers to write long articles--"north of 850 words"--for its sites. Demand Media said the new articles will look like "traditional" feature-length articles, including original reporting, exclusive quotes, and side-bars. It appears that the f (More info...)

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Identive Group Buys idOnDemand
Santa Ana-based Identive Group, a provider of security and RFID products and services, said this week that it has acquired idOnDemand. Identive Group said it paid $2.4M in cash, plus 995,675 shares of its stock to the selling shareholders of idOnDemand. The deal also includes earn out of up to $21M in stock over the next three years and eight months. idOnDemand develops a managed service for handling identification, including access to buildings, computers, mobile devices and corporate informati (More info...)

posted on Thursday, May 5, 2011(Full story)

SocialVibe Ties Into Facebook Credits
Los Angeles-based SocialVibe, the social advertising firm headed by Jay Samit, said Thursday afternoon that it has linked into the Facebook platform, and will allow people to earn Facebook Credits through engaging with its video engagements. SocialVibe--which awards virtual items and credits from brands for interacting with their advertisements, web sites, Facebook pages, and other campaigns--said the credits will be awarded for interacting with a range of engagement ad units. SocialVibe is vent (More info...)

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Demand Media Revenues Up In Q1
Santa Monica-based Demand Media reported its results Thursday, saying that it had a net loss of $5.6 million on revenues of $79.5M. Revenues were up 48 percent compared to the $53.6M in revenues the firm reported in Q1 of 2010. Demand Media said the revenues numbers were driven by continued momentum from its owned and operated sites. Demand also mentioned strong direct brand advertising sales helped its results. The results are the first as a public company for Demand, since its IPO in January.

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FindTheBest Snags Google, DoubleClick Vet As President
Santa Barbara-based, the online comparison site headed by DoubleClick founder Kevin O'Connor, has turned to a Google and DoubleClick vet to serve as President. The firm said that Rabin Yaghoubi, who previously launched and led content, commerce, and local partnerships at Google, will join the firm in New York at a new office. Yaghoubi was also an executive serving under O'Connor at DoubleClick, where he was Vice President of Global Media. As part of the appointment, FindTheBest.c (More info...)

posted on Thursday, May 5, 2011(Full story)

Active Network Revenues Up In Q1, Sets Trading Symbol
San Diego-based Active Network, the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M on revenues of $72.71M for the three months ended March 31, 2011. The firm--which is currently in IPO registration--also set its trading symbol as ACTV. Revenues were up 15% from the quarter ending March 30, 2010, when the firm reported a net loss of $12.4M on revenues of $63.2M. The updated numbers came from an amended S-1 filed by the firm Thur (More info...)

posted on Thursday, May 5, 2011(Full story)

Loudvine Partners With Eventful
Redondo Beach-based Loudvine, which operates an online service to help artists connect with their fans, told its users today that it has inked a partnership with event listings site Eventful. Loudvine said all of the events on its site will also be listed on Eventful. Details of the partnership between the firms was not disclosed. Loudvine helps music fans find live music in different cities around the country.

posted on Thursday, May 5, 2011(Full story)

Zoovy Launches Amazon Automatic Pricing Tool
Carlsbad-based Zoovy, the e-commerce software firm run by Brian Horakh, said this week that it has launched a new Amazon Repricing Engine, a software tool which helps e-commerce retailers automatically raise or lower their product pricing on, based on their competitor's prices. Zoovy said the tool automatically monitors SKUs from competitors, and handles adjusting prices for online businesses on Amazon's third party marketplace. Zoovy said the tool is aimed at keeping products in the (More info...)

posted on Thursday, May 5, 2011(Full story)

GoPro Boosted By Steamboat, Others
GoPro, the maker of wearable, action sports cameras, which has operations in San Diego, has scored a strategic investment which includes the involvement of Burbank Steamboat Ventures, GoPro said today. GoPro said it received a "substantial" strategic investment which included Riverwood Capital, Steamboat Ventures, Sageview Capital, Walden International, and U.S. Venture Partners. Amount of that funding was not announced. AS part of the funding, Steamboat's Laskey, Riverwood's Michael Marks, and (More info...)

posted on Thursday, May 5, 2011 (More)(Full story)

CityGrid Media Buys BuzzLabs
West Hollywood-based CityGrid Media, the unit of IAC formerly known as CitySearch, said today that it has acquired BuzzLabs, a social media monitoring and sentiment analysis software developer. Financial terms of the deal were not announced. CityGrid said the buy would help it aggregate and analyze millions of pieces of content across its network, and provide that data to its publishers and merchants. The company explained that it would be integrating BuzzLabs' technology into its platform over (More info...)

posted on Thursday, May 5, 2011(Full story)

SRS Labs Renews EchoStar
Santa Ana-based SRS Labs, which develops surround sound and audio technology, reported today that EchoStar has renewed a multi-year licensing agreement with the firm. Financial details of the win were not disclosed. EchoStar is using SRS Labs' technology on its set-top boxes. SRS Labs develops technology to remove volume fluctuation in television programming and commercials, particularly the annoying switch to loud commercials between shows.

posted on Thursday, May 5, 2011(Full story)

Santa Barbara-based QAD, the developer of manufacturing resource management software, announced today that it has appointed Tony J. Winter as the firm's Chief Technology Officer. Winter has been at QAD since 1999, when he joined QAD Global Services in the UK. He was last Senior Director of R&D at the company in Santa Barbara.

posted on Thursday, May 5, 2011(Full story)

Epicor Deal Close Date Extended
Apax Partners, the private equity firm in the midst of acquiring Irvine's Epicor Software, said today that the various related funds buying Epicor have extended their date for the close of their tender offer for Epicor to May 13th, to coincide with debt financing of the deal. The funds had originally scheduled the close on May 6th. The various parties in the deal also said that they had not received any competing acquisition proposals for Epicor. Apax is buying Epicor for $976M. The deal had ori (More info...)

posted on Thursday, May 5, 2011(Full story)

CheckAlt Payment Solutions
CheckAlt Payment Solutions is a payment processing company providing Check21 services allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines. The CheckAlt eCheck is the "email a check" solution that allows businesses from merchants and property managers to universities and non-profits to maximize cash flow and accounting accuracy.

Learn more about CheckAlt at their website,

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

Deloitte Fast 500 Nominations Deadline June 4
Connect. Grow. Inspire.
Deadline to submit: June 4, 2011

Submit your nomination for the Deloitte’s 2011 Technology Fast 500. The Fast 500 is a list of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in the United States and Canada based on percentage revenue growth from 2006 to 2010.

Your placement on the Technology Fast 500 means increased recognition from business and financial communities, the possibility of positive media coverage and the opportunity to celebrate your company's fast growth. Companies from the Los Angeles area that make the Fast 500 list will be honored at an awards event in the fall.

For more information, visit our Web site or contact

We look forward to your participation!


Safire Partners Executive Search
Safire Partners has completed 150+ retained executive searches since 2006
working with emerging businesses in digital media, Internet, eCommerce,
software and clean technology across Southern California. Please visit
our website to see an updated list of our clients and searches completed
at We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at We can also always be a
friendly source for investor introductions and general market /
compensation intelligence.

Vator Splash LA - May 26 - Los Angeles
On the evening of May 26, Vator will be holding its inaugural Vator Splash LA event at The Highlands Hollywood. This upcoming Splash will showcase 10 up-and-coming startups, prominent VCs and founders of the leading LA-based companies - Demand Media and ReachLocal. Hear Shawn Colo, co-founder and EVP of M&A at Demand Media, share his lessons and advice on building Demand from scratch in 2006 to one of this year's hottest IPOs. Shawn will also talk about the future of Demand. Hear Zorik Gordon, co-founder and CEO of ReachLocal, share his lessons and advice on building his startup since 2004 to become one of the hottest tech IPOs last year. With ReachLocal's recent acquisition to get into the daily deals business, Zorik will also address his view on the future of daily deals.

SocalTech has secured a great discount for our members. Use "SocalTech30" for a 30% discount on tickets:

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