Friday, May 27, 2011
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!


OpenX Raises $20M More
Pasadena-based online advertising software firm OpenX has just raised a big, $20M funding round, according to a regulatory filing from the firm late Friday. The funding has not yet been announced by the company. Source of the new funding was not disclosed, however, the firm is venture backed by Accel Partners, DAG Ventures, First Round Capital, Index Ventures, Mangrove Capital Partners, and O'Reilly AlphaTech Ventures. The new round would bring the company's total raised up to around $50M, over (More info...)

posted on Friday, May 27, 2011 (More)(Full story)

Gorilla Nation's Youthology Acquires
Youthology, the digital marketing arm of Gorilla Nation which is focused on youth, said Friday that it has acquired, an online website focused on teenagers. Financial terms of the acquisition were not disclosed. TeenSpot's entertainment and community website is a moderated, social networking and chat site, focused exclusively on teenagers. The site includes message boards about movies, fashion, celebrities, music, and more. Gorilla Nation said its Youthology arm will provide markete (More info...)

posted on Friday, May 27, 2011(Full story)

NewEgg Pulls IPO
City of Industry-based online electronics retailer NewEgg has pulled its IPO, the firm said in a filing with the SEC late Friday. In the filing, the firm said that it "determined not to proceed with the initial public offering" but did not give any explanation. NewEgg had filed for an IPO in September of 2009. At least two other Southern California companies have decided to pull their IPos this month, including Vista-based AutoGenomics and San Diego-based Fallbrook Technologies; two firms, Los A (More info...)

posted on Friday, May 27, 2011(Full story)

Insights and Opinions: Learning from Sony's Mega-Mistakes
Heading out into the weekend, we though we'd publish one more, Insights and Opinions article. Anyone paying attention to the computer security world in the last month is no doubt aware of the catastrophic hacking attack on Sony Online Entertainment and other Sony properties, which has taken the service offline for more than a month. Sony reported this week that the hack cost the firm more than even the Japanese tsunami and earthquake. Phillip Lieberman, the president and founder of Lieberman Sof (More info...)

posted on Friday, May 27, 2011(Full story)

Interview with Jonathan Cooper, ATMCASH
Ever since the huge success of Monrovia-based Green Dot in its IPO last year, netting a huge return for local angels, investors here have taken a second look at financial startups . Among the local startups is Los Angeles-based ATMCASH (, a company which is looking to use the ATM machine network to change how a very old business--money remittance--works. We spoke with founderJonathan Cooper about what the company is all about.

What is ATMCASH?

posted on Friday, May 27, 2011(Full story)

JibJab Powers MLB Baseball Campaign
Los Angeles-based JibJab Media, the online, humorous content producer and personalized electronic greeting cards, has inked a deal with MLB Advanced Media, the companies said Thursday. The two said they have partnered on a "Starring You" campaign around baseball, where fans of baseball teams can send humorous, animated videos of "Take Me Out to the Ballgame" with fans' own photos included. Financial terms of the deal were not disclosed. The videos will be featured on the MLB website, as well as (More info...)

posted on Friday, May 27, 2011(Full story)

Rustic Canyon, Steamboat Get Exit At MerchantCircle
Two Southern California venture capital firms have benefited from an acquisition yesterday of Mountain View-based MerchantCircle, an online local business advertising and networking site, by fellow online advertising firm Reply! Inc.. Both Rustic Canyon Partners and Steamboat Ventures were venture backers of MerchantCircle, which Reply said it would acquire yesterday for $60M in cash and stock. MerchantCircle's other backers are Scale Venture Partners and IAC. The firm had announced a total fund (More info...)

posted on Friday, May 27, 2011(Full story)

THQ Signs Turtle Rock Studios
Agoura Hills-based videogame publisher THQ said Thursday that it has signed Turtle Rock Studios, a game development studio, for an upcoming, un-named title. Financial details of the deal were not disclosed. Turtle Rock Studios develops the multiplayer game Left 4 Dead and Counter-Strike: Condition Zero. The two firms said the new, upcoming first person shooter game's release date will be announced later.

posted on Friday, May 27, 2011(Full story)

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