Wednesday, May 11, 2011
mobileStorm Turns Eyes Towards Healthcare
Los Angeles-based mobileStorm, the mobile and email messaging and marketing firm headed by Jared Reitzin, said Wednesday that it has launched a new, healthcare focused offering, and signed Humana as a beta client. The firm said its new "mobileStorm for Healthcare" provides HIPAA-compliant transmission of health information to members and patients, via mobile devices and smart phones. mobileStorm said the new product allows any developer or IT department to connect electronic health record and ot (More info...)

posted on Wednesday, May 11, 2011(Full story)

Proximetry Hires Strategy Chief
San Diego-based Proximetry, the developer of wireless network and performance management software for the smart energy market, said Wednesday that it has named Andres Carvallo as its EVP and Chief Strategy Officer. Carvallo was most recently Chief Information Officer at Austin Energy. He also has served at Philips Electronics, Digital Equipment, Borland, and a number of startups. Proximetry is venture backed by Munich Venture Partners, Aeris Capital, Investec and Rembrandt Venture Partners.

posted on Wednesday, May 11, 2011(Full story)

GameSalad Updates iPhone Game Creation Software
Los Angeles-based and Austin-based GameSalad, the startup developer of software that allows users to easily create iPhone games without programming, said today that it has released a new version of the firm's flagship software, GameSalad Creator. GameSalad said the 0.9.3 Beta version of the software includes such features as better performance and reliability, support for leaderboards in games, along with new game templates. GameSalad was founded by Michael Agustin, Dan Treiman, Tan Tran, and Jo (More info...)

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Momentum Ventures Winding Down, Says Report
Los Angeles-based Momentum Ventures, the venture acceleration and funding firm, is no longer making investments and is winding down, according to a report from the Wall Street Journal. According to Andy Wilson, Managing Director and Founder of the firm, in an interview with socalTECH, the move actually had happened gradually over the last year, as the various principals at the firms became more involved and interested in running portfolio companies. Wilson has been serving as CEO of startup Grap (More info...)

posted on Wednesday, May 11, 2011(Full story)

SpaceX Names CFO
Hawthorne-based Space Exploration Technologies (SpaceX), the commercial rocket and space exploration firm headed by Elon Musk, said today that it has named Bret Johnsen as its new Chief Financial Officer. Johnsen was previously SVP and CFO of Mindspeed Technologies, and also served as VP, Corporate Controller, and Principal Accounting Officer at Broadcom. SpaceX also revealed further details of its operations, saying it is in the fourth straight year of profitability, and now has more than 1,300 (More info...)

posted on Wednesday, May 11, 2011(Full story) Gets Seed Funding
Los Angeles-based, an online site focused on the nightclub scene, said Tuesday that it has landed a seed round of funding. The funding came from an un-named angel investor. The firm said it is providing a way for nightclub venues, to help promote their offerings in a social networking environment. The firm is headed by Artin Nazarian and Michael Merrill. The firm said features of the service will include automated guest list management, managing table reservations, and hand (More info...)

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Mission Ventures Backs Ex-Greenplum Execs
San Diego-based venture capital firm Mission Ventures has backed a team from former portfolio firm Greenplum, in a new venture round. According to San Mateo-based Alpine Data Labs, it has scored $7.5M in a Series A funding from Sierra Ventures, Mission Ventures, and Sumitomo Corporate Equity Asia. Mission's investment in Alpine Data was led by Leo Spiegel. Alpine Data Labs' founders are both from Greenplum in China; Greenplum's former co-founder, Scott Yara, also sits on Alpine's board. Greenplu (More info...)

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Border Stylo Launches Retrollect Mobile App
Los Angeles-based startup Border Stylo said this morning it has launched a new, free mobile app called Retrollect. According to the firm, the new app allows to create a "visual mash-up" of their lives through virtual, retro-style "View-Master" style discs. The new app runs on both the iPhone and Android phones. Border Stylo said the new apps pull content from multiple social networks, and can be shared on Facebook, Twitter, or a Retrollect community. Border Stylo said the new app is powered by i (More info...)

posted on Wednesday, May 11, 2011(Full story)

Interview with Elizabeth Amini, Anti-Aging Games
Earlier this week, Los Angeles-based Anti-AgingGames (, a new online game startup, announced a new service to help users improve their memory and concentration, as well as improve brain function. The firm notably has Atari founder Nolan Bushnell as an advisor and serving as its chief game designer. We spoke with co-founder and CEO Elizabeth Amini, to hear more about what the firm is doing, how Bushnell got involved, as well as the firm's unique outlook and dedication to g (More info...)

posted on Wednesday, May 11, 2011(Full story)

Marvell Announcement Matches Solarflare Sale
Just three days after Irvine-based Solarflare announced that it has sold its 10 Gigabit Ethernet physical layer (PHY) business, semiconductor maker Marvell, based in Santa Clara, has announced its own line of 40nm, Quad 10GBASE-T PHYs. Solarflare did not announce the buyer of its product, and refused to acknowledge rumors that the buyer was Marvell. However, Marvell's announcement today of its Alaska X PHYs looks to match the specifications of Solarflare's PHY line to the last detail, including (More info...)

posted on Wednesday, May 11, 2011(Full story)

PC Mall Expands Into Deals Of The Day
Torrance-based PC Mall, the IT solutions provider and retailer, said Tuesday that it has entered into the "Deal of the Day" market via its OnSale subsidiary. PC Mall said that Onsale is launching hyper-local offers, starting in the second quarter in a number of markets, and expanding throughout the country after that. The new site goes head to head with Groupon, LivingSocial, and a slew of other imitators. OnSale said it had approximately 81 people working on the effort, and claimed that its exp (More info...)

posted on Wednesday, May 11, 2011(Full story)

Sapphire Energy Links With Engineering Firm
San Diego-based Sapphire Energy, which is developing algae-based crude oil production processes, has inked a deal with gas and engineering firm The Linde Group, the companies said this morning. They two said they are in a multi-year agreement to develop a low-cost system to deliver carbon dioxide to commercial scale, open-pond, algae-to-fuel cultivation systems. Linde will supply the CO2 to Sapphire's commercial demonstration facility in Columbus, New Mexico. Financial terms of the deal were not (More info...)

posted on Wednesday, May 11, 2011(Full story) Launches In the UK
Los Angeles-based MyLife, the operator of an online, people search site, said this morning that it has launched its site in the United Kingdom. MyLife said its new UK site will provide more than 25 million contacts. MyLife previously only served the US market. The company said the expansion into the UK is part of a next phase of expansion for the company. MyLife is headed by Jeff Tinsley.

posted on Wednesday, May 11, 2011(Full story)

Halozyme Therapeutics In $83M Licensing Deal
San Diego-based Halozyme Therapeutics, a developer of products for the insulin, cancer, dermatology and drug delivery markets, said today along with ViroPharma Incorporate that it is in a $83M licensing deal. The two said that Halozyme has received a $9M upfront payment and potential future milestone payments of $74M depending on meeting clinical and regulatory targets. The deal also includes a 10% royalty. The joint effort is focused on
treating hereditary angioedema (HAE).

posted on Wednesday, May 11, 2011(Full story)

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:

Southern California Game Industry Incentives - May 26th - Glendale
Southern California Game Industry Incentives: A Conversation Between
Business and Government. Local game industry developers regularly
outsource work to other states and countries due to powerful incentive
programs promoting those locations. This raises a basic question. Is there anything we can do about it? Can we incentivize local companies to hire
locally? Can we give out-of-state and foreign companies incentives to
outsource their work here? Can local municipalities craft incentives that
make financial sense to both industry and government? Can we create
a Southern California Game Industry Incentive Program? Let's find
out. Join the discussion on May 26th in Glendale.

Thursday, May 26, 2011
Glendale Adult Recreational Center
201 East Colorado, Glendale, CA 91205
5:30pm - 11pm

Learn more at:

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.

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,

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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