Tuesday, June 7, 2011StockTwits Takes On Investor RelationsSan Diego-based StockTwits, the real-time messaging service focused on the stock investing community led by Howard Lindzon, is aiming at the investors relation community with a new service. The firm announced that it has launched a new suite of services for public corporations and investor relations professionals, which will allow them to disseminate, monitor, and measure news and information within StockTwits and Twitter. Lindzon said in an interview that it's a "disruptive idea" in an industry (More info...)
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Yardi Systems Expands In TexasSanta Barbara-based Yardi Systems, which develops property and real estate management software, is expanding its operations, in Dallas, according to a report Monday. Yardi has leased 45,000 square feet of space in Irving, Texas, with space for up to 300 employees, according to a report from the Dallas Morning News. Irving is a suburb of Dallas near the DFW airport. Yardi appears to be in an expansion phase, having acquired at least six competing or complimentary software companies in its industr (More info...)
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Ambit Drops IPO AmbitionsSan Diego-based Ambit Biosciences has dropped its IPO plans, according to the firm in a filing with the Securities and Exchange Commission Tuesday afternoon. According to the withdrawal request from Ambit, the firm decided that "terms currently obtainable in the public marketplace are not sufficiently attractive" to proceed with the IPO. Ambit had filed to raise around $86.25M in November. The firm is backed by Apposite Healthcare Fund, OrbiMed Investors, Forward Ventures, GrowthWorks Canada, GI (More info...)
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RightScale Launches Hybrid, Private Cloud Management SoftwareSanta Barbara-based RightScale, the cloud computing firm backed by Tenaya Capital, DAG Ventures, Benchmark Capital, Index Ventures, and Presidio Ventures, said Tuesday that it has launched a new product called RightScale myCloud. The firm said the new myCloud product provides a framework to allow organizations to test and develop private clouds, for free. RightScale said the offering offers a "single pane of glass" view to both private and public clouds, and supports both private cloud infrastru (More info...)
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Google Ramps Hiring In IrvineSearch engine giant Google appears to be ramping its hiring efforts in Irvine, according to representatives of the company. The firm said it grew the Irvine locations by more than 20 percent in 2010, and that this will be the firm's hiring year ever including its Southern California locations. Google said in January that it was expecting 2011 to be its biggest hiring year ever. A quick look at the positions at the location include Software Engineers, Product Managers, Technical Leads, and more. (More info...)
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Data.com Domain Goes For More than $1.5MProving that the market for the right domain name continues to be strong, Moniker and SnapNames, the domain name auction sites owned by Los Angeles-based Oversee.net, reported that they sold the domain Data.com for more than $1.5M on Friday. The firm said it sold the domain for an amount that "significantly exceeds" the $1.5M reserve that had been placed on the domain. No details on the buyer or financial terms were announced. Moniker and SnapNames offer up auctions of domain names. Oversee.net (More info...)
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StyleMint Set For July 1st LaunchStyleMint, the newest, celebrity e-commerce site being launched by Los Angeles-based BeachMint, is set to launch July 1st, according to details sent to supporters of the site. BeachMint, the startup headed by former MySpace co-founder Josh Berman, is launching StyleMint with celebrities Ashley and Mary-Kate Olsen. The launch date was included in the small print as part of a T-shirt giveaway promotion to refer friends to the site. StyleMint is focused on t-shirts created by Ashley and Mary-Kate O (More info...)
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Billionaire Soon Shiong Funds Healthcare Systems DeveloperLos Angeles billionaire entrepreneur Patrick Soon Shiong has made an investment in a healthcare technology firm Net.Orange, Net.Orange said today. The Texas firm provides a suite of web-based applications for the healthcare industry. Financial details of the investment were not disclosed, however, Net.Orange described the investment from Soon Shiong's investment firm, California Capital Equity, as a "significant" growth equity capital injection. Soon Shiong has been becoming very active in makin (More info...)
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Assay Depot Gets $1.7MSan Diego-based Assay Depot, a developer of cloud-based, pharmaceuticals research marketplace, said this morning that it has raised $1.7M in a funding round. The round came from un-named, private investors. The company said the funding will go expand its pharmaceutical research platform. Assay Depot is headed by Kevin Lustig.
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Row 44 Links With Lufthansa TechnikWestlake Village-based Row 44, the provider of in-flight, broadband Wi-Fi equipment, has linked with Lufthansa Technik, the firms said Monday. Lufthansa Technik is a provider of maintenance, repair, overhaul, and modification of aircraft. According to the two, Lufthansa Technik will provide installation, certification, and integration services to commercial airlines that select Row 44's in-flight, broadband entertainment platform. Financial details of the deal were not disclosed. Row 44 is power (More info...)
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SRS To Ship On Toshiba TabletSanta Ana-based SRS Labs, which develops audio processing technology, reported today that its SRS Premium Voice Pro audio solution will ship on Toshiba's new THRIVE Tablet. Financial details of the win was not disclosed. The technology from SRS Labs is being used to maximize speaker output, provide better clarity and depth to sound, and to enhance video calls.
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Xirrus Names Latin America VPThousand Oaks-based Xirrus, the developer of wireless networking hardware, announced this morning that it has appointed Adriano Lima as its new Regional Vice President for its Latin America Region. The company, which makes switched, wireless access points, said that Lima has previously served as Latin America General Manager at CA.
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