Wednesday, July 20, 2011
Need Office or Tech Space? Think Glendale
Need Office or Tech Space? Think Glendale

Glendale is an ideal location for locating your high tech startup,
offering benefits like:

- Centrally located and easily accessible via four freeways
- No business license fee or gross receipts tax
- A small but growing contingent of tech firms
- Lower rents on average for office, industrial space
- Educated workforce with higher education nearby
- Vibrant downtown with a variety of dining, shopping and entertainment
- Safe/secure working environment

Learn more at

Microsemi In Hostile Bid For Canadian Firm
Irvine-based semiconductor firm Microsemi said Wednesday that it has made an unsolicited proposal to buy a Canadian semiconductor firm, Zarlink Semiconductor, in a deal worth $548.7M. Microsemi said it has proposed to acquired Zarlink for $3.35 Canadian in cash. Zarlink has so far rejected earlier, private proposals made by Microsemi to acquire the firm, according to Microsemi. Zarlink is a maker of communications and medical semiconductors, including telephony, packet processing and voice proce (More info...)

posted on Wednesday, July 20, 2011(Full story)

BetterWorks Launches Recruitment Bounty
In another attempt by a Southern California company to attract talent, Santa Monica-based BetterWorks just became the latest firm to dangle a cash bounty to people for product or engineering hires. According to BetterWorks, it wil pay $5000 to people if the firm hires someone for one of its
product or engineering positions -- plus provide one free year of Betterworks services to that person's company or organization. The competition for technical talent in Southern California -- and particular (More info...)

posted on Wednesday, July 20, 2011(Full story)

Cornerstone OnDemand Plans Secondary Offering
Santa Monica-based Cornerstone OnDemand, the developer of software-as-a-service for human resources and employee talent management, is planning a secondary offering of its stock, six months after the firm's successful IPO. According to a new, S-1 filing by the firm on Wednesday, it is looking to offer up 9,775,000 shares of its common stock on the markets, to raise up to $171.65M more for the firm. Cornerstone OnDemand has its IPO in March, debuting at $13.00 per share. The firm is now trading a (More info...)

posted on Wednesday, July 20, 2011(Full story)

Gaikai Get $30M For Cloud Gaming
Los Angeles-based Gaikai announced Wednesday that it has raised $30M in a Series C funding round. The round was led by New Enterprise Associates, and also included Qualcomm, Benchmark Capital, Rustic Canyon, and Intel Capital. Gaikai is developing a cloud-based, game streaming service which allows users to play games without having to install software. The firm is headed by David Perry. Gaikai said the new funding will go towards accelerating growth and adoption of its products.

posted on Wednesday, July 20, 2011 (More)(Full story)

FindTheBest Gets $4M More
Santa Barbara-based FindTheBest, the online comparison engine site run by former DoubleClick founder Kevin O'Connor, has raised another $4M in funding, the firm said today. The round came from Kleiner Perkins Caufield & Byers, the company's existing investor. FindTheBest offers up a web site which compares different products, services, and other items, via lists which can be sorted and filtered.

posted on Wednesday, July 20, 2011 (More)(Full story)

Interview with Jennifer Sargent, HitFix
Earlier this month, Los Angeles-based HitFix ( an online news site focused on entertainment, announced it had raised $2M in a funding round. The firm's CEO and co-founder, Jennifer Sargent, has an interesting background, most recently serving as an executive at Variety/Reed Business Information. She also has served at DoubleClick, had a stint as an investment banker at JPMorgan, been a venture capitalist at Bertelsmann Ventures, and started with an Electrical Engineering degree b (More info...)

posted on Wednesday, July 20, 2011(Full story)

Sonos Launches New Product
Santa Barbara-based Sonos, the developer of wireless music systems, has launched a new product this morning, called the PLAY:3. The firm said its new player, which debuts today for $299, includes 3 integrated speakers and amplifiers, either horizontal or vertical orientation, multi-room support, and stereo pairing if you put two units in the same room. Along with the new device, Sonos also said it has dropped the price on its Sonos BRIDGE product, which connects to your Internet router to stream (More info...)

posted on Wednesday, July 20, 2011(Full story)

Angeleno Group Backs Glass Recycling Tech Firm
Los Angeles-based Angeleno Group has re-upped its investment in a developer of glass recycling technology, eCullet, as part of a $38M funding round. eCullet announced its new funding round Tuesday, which included both Angeleno Group and DB Masdar Clean Tech Fund L.P. eCullet develops technology which helps processing of recycled glass into color-sorted, contaminant-free cullet, used in the glass container manufacturing industry. eCullet was advised by GCA Savvian in the deal.

posted on Wednesday, July 20, 2011 (More)(Full story)

iRise Rolls Professional Services Offerings
El Segundo-based iRise, the developer of enterprise visualization software, has launched a set of professional services offerings, the firm said Tuesday. The firm said the new services will help its customers accelerate their business projects, with a team which can help clients augment their existing project staff, create visualizations for specific projects, and more. The firm said it has already been engaging customers, including an electronic manufacturing services provider, a healthcare com (More info...)

posted on Wednesday, July 20, 2011(Full story)

Awarepoint Claims Record Quarter
San Diego-based Awarepoint Corporation, the developer of real-time location systems for the hospital market, claimed today that it had a record quarter, booking over forty-six hospitals and health systems. The firm said the number of bookings in Q2 exceeded all of 2010. Actual financial details of those wins were not disclosed. The firm said its systems are now being used in 153 hospitals.

posted on Wednesday, July 20, 2011(Full story)

Stradling Yocca Carlson & Rauth: Winner of the ACG NY Champions Award
The M&A Advisor and ACG New York has awarded Stradling Yocca Carlson &
Rauth, along with Marlin & Associates, for Strategic Acquisition of
the Year, in the sale of iSuppli Corporation to IHS, Inc.

An independent body of experts, who represent a cross-section of the
middle market industry, judged the finalists' deals, deal makers and

"The ACG New York Champion's Awards winners represent the best of M&A
in the New York area in 2011, and Stradling earned these honors by
distinguishing themselves in a group of very impressive finalists,"
said Roger Aguinaldo, CEO of the M&A Advisor. "Despite the continued
challenging economic conditions, Stradling Yocca Carlson & Rauth has
demonstrated that perseverance and performance lead to success in this

To learn more about SYCR and its award, please go to:

Safire Partners Executive Search
Safire Partners has completed 150+ retained executive searches since 2006
working with emerging businesses in digital media, Internet, eCommerce,
software and clean technology across Southern California. Please visit
our website to see an updated list of our clients and searches completed
at We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at We can also always be a
friendly source for investor introductions and general market /
compensation intelligence.

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,

Sponsored By


Recent Interviews

Browse Issues