Monday, August 8, 2011
Siemer & Associates Publishes Q2 2011 Exit Report - Download Today
Siemer & Associates, the merchant bank serving the digital media, software, and technology industry, has published its Q2 2011 Exit Report.

The report provides an in-depth review of M&A activity and public company
valuation metrics in the digital media and software industries during the second quarter of 2011.

Click below to read the full report:

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

LA Startup Entrepreneur Crowdsources College Decision
A Los Angeles startup entrepreneur, Mike Moradian, the founder of CollegeBudget and, is turning to the wisdom of crowds to decide whether or not he should go to Harvard -- or continue working full time on his startups. According to a widely promoted campaign by Moradian, he is taking votes from the public at large to decide whether or not he should attend Harvard Business School, which he was accepted to for this fall. Moradian invited users to log into a Facebook application on (More info...)

posted on Monday, August 8, 2011(Full story)

Cornerstone OnDemand Drops Secondary IPO Effort
Santa Monica-based Cornerstone OnDemand, the developer of software-as-a-service for talent and employee management, has dropped its plans for a secondary IPO, citing "current marketing prices". According to the withdrawal statement from Cornerstone OnDemand, the firm's existing shareholders, who were planning on selling in the secondary offering, were unwilling to participate due to "current market prices". The firm also cited the expense of an offering. Cornerstone OnDemand had filed for a seco (More info...)

posted on Monday, August 8, 2011(Full story)

Online Spending Hits $37.5 Billion In Q2
Online spending on e-commerce sites hit $37.5 billion in Q2, according to the latest numbers from comScore. According to the Internet measurement firm, online retail spending was up 14 percent in Q2 versus a year ago. The gain was the seventh consecutive quarter of positive, year-over-year growth for the industry. Online sales have been growing since Q4 of 2009, with the last three quarters seeing double digit growth. Q4 of 2010 saw a year-to-year growth of 11 percent and Q1 saw 12 percent growt (More info...)

posted on Monday, August 8, 2011(Full story)

Hulu Plus Hits Panasonic TVs
Los Angeles-based Hulu said Monday that its Hulu Plus service has launched on Panasonic TVs and Blu-ray Players. The company said its Hulu Plus service will be available to any of its subscribers, who pay $7.99 a month for access to the service. Hulu recently added the WD TV media players, LG's HDTV line, and TiVo Premier to its list of supported devices for its Hulu Plus service.

posted on Monday, August 8, 2011(Full story)

Break Media, Reveille Link On New Original Series
Los Angeles-based Break Media and production firm Reveille, the company behind The Office and The Biggest Loser, said Monday that the two have inked a development deal. The two companies said that Reveille will develop a slate of original, digital pilots for Break, aimed at that site's comedy audience. Financial details of the development deal was not disclosed. Reveille is also the producer of MasterChef and Ugly Betty.

posted on Monday, August 8, 2011(Full story)

eSolar Gets $40M From GE
Burbank-based eSolar, the developer of concentrating solar thermal power technology, said today that it has inked a strategic investment from GE Energy, worth up to $40M. According to eSolar, the deal came along with a licensing agreement with GE Energy. Paul Browning, President and CEO of Thermal Products for GE Energy, joins the company's board as part of the funding. The firm said the deals will move its technology "to the next stage." eSolar develops concentrating solar power technology used (More info...)

posted on Monday, August 8, 2011 (More)(Full story)

Mobile Roadie Powers Swiss Newspaper App
Los Angeles-based Mobile Roadie, the mobile apps developer, said today that it has inked a partnership with Consenda, a media software firm, to provide mobile news applications for newspapers in Switzerland. According to Mobile Roadie, it has developed mobile apps for Consenda which helps local and regional newspapers through a system called LocalPoint. That network links news readers with about a dozen newspapers in Switzerland. Financial details of the deal were not announced.

posted on Monday, August 8, 2011(Full story)

Docstoc Ramps Video Content Effort
Santa Monica-based Docstoc, the online business documents site headed by Jason Nazar, has quietly been ramping a video content effort at the site. In a new section on Docstoc's web site, the firm has been sharing dozens of video segments featureing business tips and advice from entrepreneurs from Southern California's technology community. The company has invested in dedicated staff and a studio at its Santa Monica offices to film the short business advice snippets, which have come from Jason Na (More info...)

posted on Monday, August 8, 2011(Full story)

FastSoft Wins CDN
Pasadena-based FastSoft, the developer of Internet acceleration devices based on technology out of the California Insitute of Technology (Caltech), said today that it has been selected by Los Angeles content delivery network (CDN) NetDNA. FastSoft said NetDNA will use its appliances to improve content delivery speeds across its entire product line. Financial details of the win were not disclosed. FastSoft develops an appliance which optimizes the TCP/IP protocol to improve performance of file tr (More info...)

posted on Monday, August 8, 2011(Full story)

Media Temple Sells Reinvigorate To Webtrends
Los Angeles-based web hosting firm Media Temple said today along with web analytics firm Webtrends, that Media Temple Ventures, its investment arm, has sold real time analytics firm Reinvigorate to WebTrends. Financial terms of the deal were not disclosed. Culver City-based Reinvigorate is a developer of web visitors tracking and anaytics software. Media Temple Ventures is the investment arm of Demian Sellfors, the founder of web hosting company Media Temple. According to Media Temple Ventures, (More info...)

posted on Monday, August 8, 2011(Full story)

Acutus Medical Raises $1M
San Diego-based Acutus Medical, a developer of medical devices for treating cardiac arrhythmia, said today that it has received $1M in a funding round. The round came form Index Ventures and un-named private investors. Acutus Medical said it is developing electrophysiological mapping technology to optimise the treatment of cardiac arrhythmias. Kevin Johnson of Index Ventures has joined the company's board as part of the funding. The firm said the funding will go towards development of a prototyp (More info...)

posted on Monday, August 8, 2011 (More)(Full story)

Liveoffice Ports To New Language: Klingon
Torrance-based LiveOffice, the cloud-based email archiving and compliance service, has ported its user interface into an interesting language--the fictional Klingon language from Star Trek. According to LiveOffice today, users of the software can now view its interface in Klingon when they want to access their email archives. LiveOffice did not say why it decided to add the fictional language support to its product, but said that "In a society with a deep history of war and combat, email managem (More info...)

posted on Monday, August 8, 2011(Full story)

Vitesse Names Japanese Distributor
Camarillo-based Vitesse Semiconductor said today that it has selected a new distributor in Japan. According to the semiconductor maker, it has selected Internix as its exclusive distributor in that country. Internix has been around since 1970 providing semiconductor distribution to communications infrastructure OEMs in Japan. Internix is based in Tokyo. Vitesse is s supplier of high performance networking semiconductors.

posted on Monday, August 8, 2011(Full story)

Avanir Pharmaceuticals Names Research VP
Aliso Viejo-based Avanir Pharmaceuticals said today that it has named Dr. Joao Siffert as its Senior Vice President Research and Development. Siffert was previously VP and Chief Medical Officer at Ceregene, and has also served at Avera Pharmaceuticals, Pfizer, and Beth Israel Medical Center. The company said Siffert will be responsible for leading all of the company's research and development activities.

posted on Monday, August 8, 2011(Full story)

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

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,

Binary Pulse Technology Marketing. We Create Demand.
Binary Pulse Technology Marketing
We Create Demand for California's Technology Companies

For more than ten years, dozens of Southern California's industry-leading
tech firms have turned to Binary Pulse for their demand-generating
strategies and programs.

Our services include:

-- Demand Generation Planning and Execution
-- Channel Program Development
-- Lead Capture and Management
-- Web Site Development & Search Engine Marketing
-- Corporate and Product Branding
-- Online Integration Strategies
-- Reseller Recruitment
-- Multimedia Presentations
-- Social Media Marketing

Please visit us at
to learn more or give us a call at 949-336-7400.

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:

Sponsored By


Recent Interviews

Browse Issues