Thursday, June 9, 2011
Need Office or Tech Space? Think Glendale

How is The Walt Disney Company taking advantage of Glendale's place in
the region's emerging high-tech, entertainment industry? Why does
Disney think that Glendale is the place to be for digital new media
convergence? Learn more:

ReachLocal Launches Deal Platform
Woodland Hills-based ReachLocal, the online marketing and advertising firm headed by Zorik Gordon, said Thursday afternoon that it has launched ReachDeals, a daily deals syndication platform. ReachDeals is a relaunch of the deal commerce software platform it acquired when it acquired DealOn, a daily deals publisher, in February. ReachDeals sources deals from ReachLocal's sales team, and syndicates them to multiple online publishers. ReachLocal said the platform will make it easier for publishers (More info...)

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Epiomed Therapeutics Gets Series A
Irvine-based Epiomed Therapeutics, a developer of small-molecule, anti-emetic and anti-motion sickness compounds, said this week that it raised a Series A funding round. The firm said the round came from NDI Capital. Financial details of the funding were not disclosed. The firm said the funds will go to develop its lead anti-emetic compound, used to prevent nausea and vomiting.

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X1 Technologies Rolls iPad App
Pasadena-based X1 Technologies, the provider of email, desktop, and electronic discovery software, said Thursday that it has launched a mobile app which works with the iPad and iPad 2. The firm said the X1 Mobile Search app is now available on the iTunes App store, and supports the iPhone and iPod. The new version fo the app takes advantage of the high resolution iPad display. X1's software allows users to search their home or enterprise computer remotely, and costs $14.99. X1 is backed by Idea (More info...)

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EdgeCast Launches File Distribution Software
Santa Monica-based EdgeCast Networks said Thursday that it has launched a new, file distribution product called Download Manager. The new software--aimed at software developers, including desktop games and antivirus software firms--makes it easier for end users to manage file downloads, allowing them to pause, resume, and recover updates and software. EdgeCast said the software will be brandable and customizable by its customers.

posted on Thursday, June 9, 2011(Full story)

MovieClips Gains $6.0M More
Santa Monica-based MovieClips, which provides access to a collection of license movie clips from major studios, has raised $6.0M out of an ongoing, $7.0M funding round. The funding was revealed via a regulatory filing Thursday. No details of the funding have been announced by the company. The filing indicates two investors participated in the new equity round. The firm is venture backed by Shasta Ventures and First Round Capital, and raised a $3.0M, Series A funding round last November. The firm (More info...)

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Report: Activision's Kotick Eyes MySpace
A report today from AllthingsD says that an investor group, which includes Santa Monica-based Activision's Bobby Kotick, is in the last legs of negotiating a deal to acquire MySpace, the beleaguered, once-high flying social network. MySpace--which is now being headed by Mike Jones, and has switched its focus to music and content--has reportedly been shopped by New Corp. to a bevy of buyers, with no deals yet inked. The report said that a number of other bidders have looked at MySpace, including (More info...)

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WebVisible Ties With Publisher Media General
Los Angeles-based WebVisible, which helps small and medium sized businesses place online advertising, said this week that it has inked a deal with newspaper and television publisher Media General. According to WebVisible, the partnership will allow Media General's advertisers to gain access to WebVisible's online advertising technology .Financial details of the deal between the firms was not announced. Media General serves the Southeastern United States, and owns 18 network-affiliated television (More info...)

posted on Thursday, June 9, 2011(Full story) Offers Up Car Advice Via Twitter
Santa Monica-based, the online automotive information site, is ramping up its efforts to update its reach to consumers, saying that it has launched a new, real-time car shopping advice service called "EdmundsLive". The company said that the service will help provide live feedback and advice via Twitter while they are shopping for new or used cars. Users can sent requests to @EdmundsLive, and Edmunds will offer up expert advice, pricing, and other information on car buying to users. T (More info...)

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Skinit Scores $12.0M In Debt Funding
San Diego-based Skinit, the provider of personalized protective "skins" for electronic devices, said today that it has raised $12M in a debt financing round. The round came from BlueCrest Capital Finance. Skinit said the funding will go towards continued growth at the firm. Skinit's personalized skins include NFL, MLB, major college and university, Disney, and other designs which can be applied to PCs, smart phones, and other electronic devices. The firm is headed by Bob King.

posted on Thursday, June 9, 2011(Full story)

SRS Labs Wins HTC
Santa Ana-based SRS Labs, the developer of audio processing technology, reported today that it has scored a deal with HTC Corporation, to incorporate its technology into HTC's smartphones and media tablet product lines. Financial details of the partnership were not disclosed. SRS Labs' technology provides HD-quality audio and 3D audio effects. SRS already powers HTC's EVO 3D, Thunderbolt, Surround 7, Wildfire S, Desire HD, and HTC Arrive smartphones, in addition to HTC tablets.

posted on Thursday, June 9, 2011(Full story)

Access Scientific Raises $10M
San Diego-based Access Scientific, a developer of vascular access technology, said today that it has completed a $10M, financing round. The round was led by CAC, and also included the firm's prior investors. The firm said the funding will go to commercialize its new produce, the POWERWAND, and also to hiring of a direct sales and clinical force. Access Scientific's CEO is Steve Bierman.

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Boingo Wireless Adds Bangkok Airport
Los Angeles-based Boingo Wireless, which operates a global network of Wi-Fi hotspots, said Wednesday that it has launched a managed, Wi-Fi service at Bangkok's new Suvarnabhumi International Airport (BKK). The firm said the coverage comes via an agreement with WLANnet. Boingo said it will manage authentication, sales, and traffic at the location, with WLAnet handling the infrastructure. Financial details of the deal were not disclosed. Boingo said it will also offer up access at the airport to r (More info...)

posted on Thursday, June 9, 2011(Full story)

TowerJazz Ties With DARPA Program
Newport Beach-based TowerJazz, the semiconductor foundry, said today that its subsidiary Jazz Semiconductor has inked a cost-sharing collaboration with DARPA. According to the firm, it is working with DARPA on advancing a roadmap for high frequency SiGe HBT (heterojunction bipolar transistor) devices. The collaboration is part of a DARPA program called GRATE (Gratings of Regular Arrays and Trim Exposures), and also includes a partnership with the University of California, San Diego. TowerJazz sa (More info...)

posted on Thursday, June 9, 2011(Full story)

Technology Rising Stars of Los Angeles — Call for nominations
Connect. Grow. Inspire

Deloitte’s Technology Fast 500™ program honors the fastest growing technology, media, telecommunications, life sciences and clean technology companies in Los Angeles based on percentage revenue growth from 2006 to 2010. The Los Angeles program also recognizes younger companies as "Rising Stars" based on percentage revenue growth from 2008 to 2010.

What is a Los Angeles Rising Star?

Rising Star is a special award that recognizes fast growing technology, media, telecommunication, life sciences and clean technology companies that have been in business three or four years, and is based on percentage revenue growth from 2008 to 2010. These companies will be recognized as Rising Stars on their way to becoming a Technology Fast 500 winner.

For more information, email

We Helped Twitter With Their Office Space, We Can Help You
We Helped Twitter With Their Office Space, We Can Help You

"PMI Properties was very accommodating to us as our landlord for our first large office space and understands the needs of rapidly growing tech companies like us" - Twitter Facilities Manager

PMI specializes in housing digital technology, software and media companies. We've hosted such companies as Twitter, Google, Scribd, Orbitz,, Yammer, Eventbrite, and Razor Sharp. We know what resources startups need to succeed.

We currently have suites ranging from 1,000 to 31,000 square feet in Santa Monica, Marina Del Rey and Culver City. Please contact us to see our digital tech-friendly creative office spaces.

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Ventura Ventures Technology Center (V2TC) - Business Incubator
The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently.

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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,

PwC Emerging Company Zone
Visit the Emerging Company Zone, sponsored by PricewaterhouseCoopers, for access to the latest MoneyTree venture capital report; thought leadership articles, information on IPOs and more.

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