Monday, August 15, 2011
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Del Mar Datatrac Acquired By Ellie Mae
San Diego-based Del Mar Datatrac, a developer of mortgage origination software, has been acquired by Ellie Mae, in a deal worth $25.2M. Ellie Mae said the buy will expand the firm's customer base, and broaden the functionality of its own software. The deal is split between $17.2M in cash at closing, plus future cash payments of $3.0M, $3.0M, and $2.0M over the next three years. Ellie Mae said that Del Mar's operations will continue to be based in San Diego, with its sales, technology, support, a (More info...)

posted on Monday, August 15, 2011(Full story)

Facebook Competitor Altly Becomes Anybeat
Altly, the startup headed by Dmitry Shapiro which is developing an alternative to Facebook, said Monday that it has renamed the firm to The new name was not a surprise, as Shapiro had said the company would be renaming itself before launch. In addition to the new name, AnyBeat outlined a number of principles behind the social network. The firm said it will look to help people meet others who they would not naturally meet in their day-to-day life; help people gauge the reputation of (More info...)

posted on Monday, August 15, 2011(Full story)

Brighter Raises $8M More
Santa Monica-based Brighter, the dental care and referrals business started by Jake Winebaum, the founder of, has raised $8M more in a Series B funding round, the firm said Monday. The round was led by Benchmark Capital, and also included Mayfield Partners. Mayfield had invested $5M in the firm in January. The firm said the funding will go towards growth at the company. Brighter operates an online service which helps those without dental insurance get better pricing on procedures, a (More info...)

posted on Monday, August 15, 2011(Full story)

Nettle Gets $500K From Google, Others
La Jolla-based Nettle, a semi-stealth mode firm which says it is creating a "next-generation social/local/mobile application and website for the global entertainment market", has raised $500,000 in a seed funding. According to the firm, the round was led by Google Ventures, and also included Advancit Capital, 500 Startups, and angel investors including former executives of eBay and Qualcomm. The firm was co-founded by Brian Dear and Dan O'Neill. Dear was the founder of Eventful; O'Neill has serv (More info...)

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Serious Business Get Funded For Internet Entertainment
A trio of United Talent Agency execs said Friday that they have launched a new, media company focused on the intersection of Internet and entertainment. According to Serious Business, it has raised a second round of seed funding from Brave New Ventures to fund the effort. Amount of the investment was not disclosed. Serious Business was founded by Jason U. Nadler, Jon Zimelis, and Alex Blagg. The firm said it will work with creative talent to "produce television formats with a web sensibility" an (More info...)

posted on Monday, August 15, 2011(Full story)

VIZIO Licenses Patents
Irvine-based VIZIO, the manufacturer of LCD HDTVs, said Friday that it has licensed its patent portfolio to firm E & S International. Financial details of the patent license were not announced. The company said the licensing concludes patent actions brought by VIZIO against E & S International. VIZIO has a number of patent lawsuits in motion against other digital TV firms.

posted on Monday, August 15, 2011(Full story)

BetterWorks Adds Metrics Dashboard
Santa Monica-based BetterWorks, the employee fringe benefits management service, said late Friday that it has added a new company metrics dashboard to its product. According to BetterWorks, the new feature allows businesses to measure their employee spending habits and interests in fringe benefits. The new feature provides charts, graphs, and other insights into how employees are using fringe benefits providers from BetterWorks. The company said the information will help companies build the best (More info...)

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Google Buys Motorola Mobility For $12.5 Billion
Search engine giant Google said this morning that it has acquired Motorola Mobility, to bolster its Android efforts. Acccording to Google, it will pay $12.5 billion in cash, or $40.00 per share, for Motorola Mobility. Motorola Mobility has been developing Android technology. Google said it will run Motorola Mobility as a separate business.

posted on Monday, August 15, 2011(Full story)

Citrix Launches iPad App
The Santa Barbara-based online services division of Citrix Systems said today that it has launched a new, iPad app, Citrix GoToManage, on the Apple App Store. The new app works with the firm's GoToManage Remote Support and GoToAssist Express services, allowing IT professionals and consultants to provide IT support from anywhere using their iPad. According to Citrix, the new iPad App will allow IT managers to view or control a user's PC or Mac from anywhere using any network connection, including (More info...)

posted on Monday, August 15, 2011(Full story) Names Marketing VP
Irvine-based announced this morning that it has appointed Lori Chavez as its new Vice President of Marketing. Chavez joins the company from Westfield, the shopping mall developer. Chavez also has served at Jones Lang LaSalle,, and Equity Office Properties. operates a network on online websites which market local businesses. The firm's businesses now include daily deals site Spreebird, advertising network, and product inventory and search site Krilli (More info...)

posted on Monday, August 15, 2011(Full story)

Peregrine Semi Ramps Production
San Diego-based Peregrine Semiconductor, the developer of radio-frequency integrated circuits (RFICs), is ramping the production of its RF switching products, according to the firm and its fab, MagnaChip Semiconductor. The two said that MagnaChip has ramped Peregrine's RF switch products to mass production on MagnaChip's UltraCMOS SOS Silicon-On-Sapphire (SOS) technology. The two have been working together since mid-2007.

posted on Monday, August 15, 2011(Full story)

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:

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:

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

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