Tuesday, June 28, 2011
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 lafast500@deloitte.com.

Reports: MySpace To Go For $20-30M
Multiple reports today say that once lofty social networking site MySpace is now being set to be sold by News Corp. for as little as $20M to $30M. Irvine-based Internet advertising network Specific Media and Golden Gate Capital are among the rumored bidders for MySpace. MySpace is reportedly planning big employee cuts at the company today.

posted on Tuesday, June 28, 2011(Full story)

Slacker Powers AOL Internet Radio Service
San Diego-based music streaming service Slacker has inked a major deal with AOL, to power a new online Internet radio service. AOL said today that it is relaunching AOL Radio in a partnership with Slacker, which will offer both free and premium Internet radio to users. Financial details of the relationship were not announced. The deal came with AOL's Huffington Post Media Group. AOL said there will be three product tiers to users; a free, AOL radio service; and ad-free version; and a personalize (More info...)

posted on Tuesday, June 28, 2011(Full story)

LendAmend Gets $750K
Los Angeles-based LendAmend, a developer of online software for managing the amendment of leveraged loans, has raised $750,000 in a Series A funding round. The round came from the Tech Coast Angels. LendAmend's web-based software is used for workflow automation in the lending industry, for CLO managers, banks, hedge funds, insurance companies, asset managers, mutual funds, and other institutional investors in the syndicated bank loan market. The TCA's investment in the firm was led by Doug Swets (More info...)

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UberMedia Rolls Filtering Feature For BlackBerry
Pasadena-based UberMedia, the developer of Twitter client software backed by Idealab, has further enhanced the firm's UberSocial for BlackBerry client today. The firm said it has launched a new feature called "Inner Circle" which prioritizes and brings tweets from users who are most important to them to an exclusive timeline. UberMedia said the new feature is one of its most widely requested features. The new feature comes along with new theme creation tools, links to daily deals, and branded ch (More info...)

posted on Tuesday, June 28, 2011(Full story)

SocialBlaze Acquired By Digital Agency
Los Angeles-based Social Blaze, a provider of web analytics and social media management software, has been acquired by digital agency MartinJAY Digital. Financial terms of the acquisition were not disclosed. Social Blaze was founded in 2009 by Cassie Rice.

posted on Tuesday, June 28, 2011(Full story)

SolarReserve Wins Project in Spain
Santa Monica-based SolarReserve, the developer of solar thermal power plants, has been selected in a deal in Spain. According to the firm, Termosolar Alcazar, a 50/50 joint venture between the company and Spanish renewable energy firm Preneal, has been awarded the tender for a 50 megawatt, solar thermal plant to be build in Spain. The plant will use SolarReserve's molten salt systems for power generation. Financial impact of the win was not announced. The new project will provide enough energy t (More info...)

posted on Tuesday, June 28, 2011(Full story)

National Technical Systems Gets $14M In PIPE
Calabasas-based National Technical Systems, which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the new funding will go towards one or more future acquisitions by the company. NTS said it is in discussion with "several" potential acquisition candidates. The firm said it was advised by B. Riley & Co. in the financing.

posted on Tuesday, June 28, 2011(Full story)

Pokki Takes App Model To The Desktop
San Diego-based SweetLabs, the firm formerly known as OpenCandy, is taking on the mobile app model, and applying it to the desktop. The firm said today that it has launched a beta of Pokki, a platform which lets web developers create desktop apps, using languages such as HTML5, CSS, and JavaScript. According to SweetLabs, it is bringing the "app experience to the Desktop" with its software, which is launching with apps for Gmail, Facebook, LivingSocial, the Wall Street Journal, eBay, Groupon, an (More info...)

posted on Tuesday, June 28, 2011(Full story)

Experian Buys Medical Present Value
Costa Mesa-based Experian, the provider of credit information and related services, said today that it has acquired venture-backed Medical Present Value, a provider of revenue cycle management software to physicians. Experian said it would pay $185M for MPV. MPV was venture backed by Rho Ventures, CenterPoint Ventures, Star Ventures and Care Capital.

posted on Tuesday, June 28, 2011(Full story)

Paragon Trumpets Revenue Growth, Hiring
Privately held Irvine backup and disaster recovery firm Paragon Software Group trumpets that it is on schedule to double its revenues this year, after seeing a 1,198 percent growth rate over the last 3 years. The firm did not disclose actual financials. Paragon also said it is on a rapid expansion plan, with big hiring plans for sales and customer support positions in its Irvine headquarters. Paragon Software is headed by Tom Fedro. The firm's disaster recovery and server optimization software s (More info...)

posted on Tuesday, June 28, 2011(Full story)

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

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