Tuesday, July 26, 2011Emulex Says Folino To Transition To BoardCosta Mesa-based Emulex, the developer of storage and server networking hardware, said Tuesday that it Paul Folino, the firm's executive Chairman, will depart an active role at the company on November 29th, as part of a transition plan. Folino--who has been at Emulex since 1993--will continue to be Chairman of the Board. Folino hands the reins for the firm over to Jim McCluney, the firm's CEO. McCluney has been CEO since 2006, when Folio took the Executive Chairman role. Folino has had a big ro (More info...)
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NASA JPL, Chevron Tie On Technology DevelopmentThe NASA Jet Propulsion Laboratory, based in Pasadena, and Chevron Corporation said this week that the two are in a new partnership, to develop a range of advanced technologies for harsh environments, including both on Earth and in space. According to JPL, it will assist in demonstration, development, and commercial deployment of technology based on JPL's heritage in space exploration. Those efforts include a number of oil-related technologies, including pumping, valve, management, and monitorin (More info...)
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Baroda Ventures, Ashton Kutcher Back Fab.comLos Angeles-based Baroda Ventures, the venture capital investment firm of GeoCities founder David Bohnett, has re-upped its investment in fashion site Fab.com. Fab.com said it raised $8M in a Series A funding round Tuesday. Baroda was also joined by actor Ashton Kutcher, as well as Menlo Ventures, First Round Capital, The Washington Post Company, SoftTech VC, SV Angel, Guy Oseary and A-Grade Investments, Zelkova Ventures as well as angels Kevin Rose, Jon Anderson, Don Baer, Josh Kushner, Dave Mo (More info...)
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YouMail Hits 2 Million Users In USIrvine-based YouMail, the enhanced voicemail service headed by Alex Quilici, said today that it has reached 2 million registered users in the United States. The company said the user counts are double what it had a year ago. YouMail offers up an enhanced voicemail service which works with any mobile phone, and includes apps for the iPhone, BlackBerry, and Android devices; the firm is venture backed by VantagePoint Capital Partners, the Tech Coast Angels and Siemer Ventures.
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ThinkNear Gets $1.6M For Location-based, Mobile AdsCulver City-based ThinkNear, a new startup focused on helping local merchants reach consumers with mobile, location-based ads, said today that it has raised $1.6M in a seed funding round. The round was led by IA Ventures, and also included Google Ventures, Qualcomm Ventures, Metamorphic Ventures, Real Ventures, ff Venture Capital, Zelkova Ventures, BoldStart VC, as well as angels David Tisch and David Cohen. Think Near's automated system displays discounts on mobile phones to help local business (More info...)
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California Leads In IPO Filings In Q2, Says ReportCalifornia is currently leading in terms of the number of IPO registrations, as the IPO market has reached a new high, according to a report released today. According to a report from Ernst & Young, the second quarter of 2011 saw 140 potential IPOs, representing $23.7 billion in deals, the highest since the financial crisis started in late 2007. California had 25 companies in registration as of Q2, with eight companies in Southern California. The report also found that technology deals had the m (More info...)
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Tealium Takes On Web TagsSan Diego-based Tealium, a firm started by Websidestory/Visual Sciences/Omniture vets, said today that it has launched a product to help web marketers manage their digital marketing products. The firm said its Tealium iQ software allows marketers to easily add, remove, and modify web page tags which are used for data collection, measurement, behavioral target, and online optimization. Those tags are used for web analytics, affiliate marketing, retargeting, and more. The firm said it is looking t (More info...)
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ShareSquare Inks Deal With The OrchardLos Angeles-based ShareSquare, the provider of QR code generation software and related mobile applications, has inked a deal with The Orchard, the independent music and video marketing and distribution firm. According to the two, they have partnered to deliver QR social discovery experiences. Financial details of the partnership were not announced. ShareSquare was founded by Matthias Galica. ShareSquare's service allows bands, brands, and others to create QR codes, 2D barcodes. Those barcodes ca (More info...)
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State Leaders Push For Business Tax FixA number of state leaders are seeking to fix an unpopular program being run by the California State Board of Equalization, which seeks to force small businesses to report and pay out-of-state sales taxes. George Runner, a former state senator and current member of the state's Board of Equalization, said this week that he is looking to change regulations to ease the burden to businesses, who he says have been forced to comb through their invoices and find out-of-state purchases, and pay "use tax" (More info...)
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Los Angeles Ranks Among Top AngelList CitiesThe Los Angeles area ranks among the top markets for activity on the angel investment service AngelList, according to new statistics released by the service Monday. According to AngelList, Los Angeles was third in the list of top five locations with activity on the service. That list included Silicon Valley, New York, Los Angeles, London, and Chicago. AngelList helps broker individual angel investments in startups. The service said it has given 8000 introductions and brokered 400 investments in (More info...)
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American Apparel Ties With eBay For Online StoreLos Angeles-based clothing manufacturer American Apparel said today that it has entered into a multi-year partnership with eBay, where eBay will create a full, online lifestyle shop on its auction site. American Apparel said it expects the site to become a "multi-million" dollar business within the first year. Financial details of the deal between the companies were not disclosed.
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CoreLogic Divests Indian OperationsSanta Ana-based CoreLogic, a provider of financial and other information for the mortgage, automotive, property tax, and other areas, said today that it has sold off its India-based captive operations, CoreLogic Global Services Private Limited. The firm said it sold the unit for $50M in cash to Cognizant, a provider of information technology, consulting, and business process outsourcing services. The two said that as part of the deal, the two have agreed to a services agreement worth $325M over (More info...)
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Iteris Sells Vehicle Sensors Business For $14MSanta Ana-based Iteris, the provider of traffic technology, said Monday that it has sold off its Vehicle Sensors business to Bendix Commercial Vehicle Systems LLC, for $14M, plus potential earnout and royalty. Iteris said the sale is an "important step" in a strategic plan to focus on the traffic management market. The firm's Vehicle Sensors business developed vehicle safety systems, lane departure warning, forward collision warning, and other technology. Iteris was advised by Strauss Capital Pa (More info...)
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ClariPhy Ties With Cortina SystemsIrvine-based ClariPhy, the developer of digital signal processing, mixed-signal semiconductors for the optical networking market, said today that it has linked with Cortina Systems, a fellow semiconductor maker in the optical networking space. According to the two, they have achieved interoperability between ClariPhy's 40G single chip transceiver and Cortina's optical transport processors. ClariPhy is venture backed by Allegis Capital, Norwest Venture Partners, Oclaro, Onset Ventures, Nokia Seim (More info...)
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SRS Labs Powers JVC TVsSanta Ana-based SRS Labs, the provider of surround sound technology, said this morning that the firm's technology is being used in JVC branded flat-panel TVs. SRS said that it has partnered with manufacturer AmTRAN to include its technology in the televisions for the North American Market. Financial details of the win were not disclosed.
posted on Tuesday, July 26, 2011(Full story)