Tuesday, June 21, 2011
Orange County High Tech Report - Sponsored by SYCR
Get the latest high tech news and information, filtered for Orange County on the Orange County High Tech Report, sponsored by Stradling Yocca Carlson & Rauth. Everything about OC - news, fundings, and events - in one place.

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Report: Hulu Up For Sale
A number of reports Tuesday afternoon says that Santa Monica-based streaming video site Hulu is up for sale. According to the Wall Street Journal, the firm was approached by an unsolicited offer to be acquired. Details on potential buyers has not be disclosed or uncovered.

posted on Tuesday, June 21, 2011(Full story)

Xirrus Gets Win In Florida
Thousand Oaks-based Xirrus, the developer of Wi-Fi equipment, continues to rack up education wins, saying today that it has added the New College of Florida as a customer. The firm did not detail the financial aspects of the win. Xirrus develops high capacity, switching Wi-Fi hotspots which are particularly well suited to the densities of colleges and universities.

posted on Tuesday, June 21, 2011(Full story)

AngelVision Eyes Investments In Entertainment, New Media
A new Los Angeles investment group, AngelVision Investors, said this morning that it has launched, and is looking to invest in startup and emerging growth-oriented companies, in the entertainment, marketing and new media. The firm did not say how large of a fund the group has, but did say it was created by the founders of Ant Farm, Aspect Ratio, and Creative Domain, various creative agencies. The firm said it is looking to make investments of between $100K to $2.5M. The company also revealed tha (More info...)

posted on Tuesday, June 21, 2011(Full story)

FastSoft Wins FilesAnywhere
Pasadena-based FastSoft, the developer of Internet traffic acceleration technology, reported today that online file storage service FilesAnywhere has selected its web acceleration software. Financial details of the win were not disclosed. FastSoft develops appliances which optimize the TCP/IP protocol, increasing speed of access to files across the Internet. According to the firms, FilseAnwyhere is seeing an average of a 30 percent faster access to file transfers using FastSoft's appliance. Fast (More info...)

posted on Tuesday, June 21, 2011(Full story)

Interview with Jon Ferrara, Nimble
Anyone who has been in sales, business development, or just works a lot with others is familiar with contact management software--tracking who you have been talking to, when, notes, and more for sales teams. Unfortunately, despite the wealth of Internet based tools for email management, web-based sales management tools, and more, contact tracking has been mostly an afterthought in the Internet age. Jon Ferrara, who founded Goldmine CRM, which was one of the top contact management software packag (More info...)

posted on Tuesday, June 21, 2011(Full story)

Contour Energy Systems Finds More Funding
Azusa-based Contour Energy Systems, the developer of battery technology based on research from Caltech, said today that it has raised a Series C funding round. The firm said the new funding came from Singapore investment fund EDBI, CMEA Capital, Harris & Harris, Schlumberger, and U.S. Venture Partners. Size of the funding round was not announced by the company. The firm said the additional round will go towards research and development, production capacity expansion, and working capital. Contour (More info...)

posted on Tuesday, June 21, 2011 (More)(Full story)

SRS Labs Wins Lenovo
Santa Ana-based SRS Labs said today that it has signed a partnership with Lenovo, the PC and notebook manufacturer, to include its SRS Premium Sound technology in a new line of notebooks and all-in-one PCs. Financial details of the win were not announced. SRS said the technology will be incorporated into Lenovo's new IdeaPad notebook and PC line. SRS Labs is a provider of surround sound and audio processing technology.

posted on Tuesday, June 21, 2011(Full story)

Borrego Solar Ups PPA Fund To $100M
El Cajon-based Borrego Solar Systems, the solar power installer, developer and financing firm, said today that it has raised the amount of project financing available from the firm to more than $100M. The firm said it closed its latest fund with U.S. Bank and East West Bank, to finance new solar energy projects in Massachusetts, New Jersey and California. The funding will go towards solar PPAs (power purchase agreements), financing arrangements which pay for the installation of solar power equip (More info...)

posted on Tuesday, June 21, 2011(Full story)

Poptent Expands In Brazil
Los Angeles-based Poptent, which operates a crowdsourcing web site for commercials and videos for brands and advertisers, said today that it has expanded into Brazil. The firm said it opened up a new office in Sao Paulo, Brazil, to accommodate international demand for its services. Poptent operates a site which rewards cash to Internet users who upload their own videos for brand promotions and advertisement efforts. Poptent says that so far, is has awarded more than $2M in cash payments to users (More info...)

posted on Tuesday, June 21, 2011(Full story)

Local.com Names Product VP
Irvine-based Local.com announced this morning that it has expanded its executive staff, hiring Mark Wallin as its new Vice President, Product Development. Wallin joins the company from Sanger Ventures, and also previously served at Jacent Technologies, Synapta, and IBM Global Services. Local.com said that Wallin will work on its plans to expand its product portfolio for local businesses.

posted on Tuesday, June 21, 2011(Full story)

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