Thursday, August 18, 2011
Welcome to our latest sponsor, TriNet!
TriNet helps companies managing benefits, payroll, and human resources, allowing them to focus on their real business priorities. You can learn more about Trinet by going to: or you can contact
Anthony Miller, Director of Sales, Los Angeles, at, 310-258-8607

Thanks to TriNet for supporting socalTECH!

Geni Opens Service For Institutions
Los Angeles-based Geni, the online family tree and genealogy site, said Thursday that it has launched a new program to allow institutions like public libraries and genealogical societies with full access to the site. The firm said the new offering comes due to its recent switch to limit certain features like merging and site-wide search to only paid users. Geni said that local libraries and organizations are eligible to apply for the accounts. The firm had reported receiving some push back earli (More info...)

posted on Thursday, August 18, 2011(Full story)

Sonendo Raises $5.9M
Laguna Hills-based Sonendo, a developer of dental surgery equipment, has raised $5.9M in a funding round, according to a regulatory filing by the firm this week. According to the filing, the $5.9M is part of an ongoing $6.4M equity round. No details on the funding, or firm, have been released by the company. However, in jobs recruiting ads for Sonendo, the firm says it is developing novel technology to clean root canals that promises to "revolutionize endodontic therapy."

posted on Thursday, August 18, 2011 (More)(Full story)

Boingo Powers Sports Center
Santa Monica-based Boingo Wireless said today that it is operating a new Wi-Fi service at The Pettit National Ice Center, an indoor speed skating oval in Milwaukee, Wisconsin. According to Boingo, it will offer access to the service to subscribers of its unlimited plan, as well as to others visitors for $1.99 per hour. Pettit is the location of the National Speed Skating Museum and Hall of Fame. Financial details of the Wi-Fi network deal were not announced.

posted on Thursday, August 18, 2011(Full story)

Border Stylo Raising New Funding Round
Los Angeles-based Border Stylo, the developer of the Glass browser add-on and GlassThis web site for sharing and conversing about web sites, plus the Retrollect mobile app for social sharing, is in the process of raising the amount of funding invested in the company to around $20M , according to a regulatory filing from the firm. The filing came as part of a move from an LLC to a corporation. The filing indicates that there are 24 investors. A source close to the firm said that a round is in pro (More info...)

posted on Thursday, August 18, 2011 (More)(Full story)

Atari Boosts Team in Los Angeles
Atari, the interactive entertainment and licensing firm which owns the rights to the various Atari games developed over the years, said this week that it has bolstered its executive staff in Los Angeles. The firm said it has named Robert Mattes as Chief Financial Officer, Owais Farooqui as Senior Vice President, Digital Publishing, and Maria Pacheco as Vice President, Mobile. Mattes joins from Authentic Response, where he was Co-President and CFO; he also has served at Return Path, W.R. Berkley (More info...)

posted on Thursday, August 18, 2011(Full story)

Interview with Graham Farrar, iStoryTime
Earlier this month, Santa Barbara-based zuuka Group, the publisher behind the iStoryTime ( line of children's books on the iPhone, announced a first round of funding. We thought it would be interesting to hear from co-founder Graham Farrar, to hear about how the business of books-as-iPhone apps works, what the firm is doing with the funding, and what's next.

Congrats on the funding. First of all, for the folks who haven't run across your children's story books on their i (More info...)

posted on Thursday, August 18, 2011(Full story)

TowerJazz Gets $32M From Sale
Newport Beach-based TowerJazz, the semiconductor foundry, said today that it has received $32M from the sale of its interest in a Chinese IC foundry firm. TowerJazz said it sold its holdings in Hua Hong Semiconductor Limited (HHSL), the parent company of HHNEC, an IC foundry service. TowerJazz said it was advised by Chardan Capital Markets in the sale. The firm had previously owned 10% of HHSL. TowerJazz had announced its intent to sell the stake in HHSL in July.

posted on Thursday, August 18, 2011(Full story)

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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:

PwC Emerging Company Zone
Visit the Emerging Company Zone, sponsored by PricewaterhouseCoopers, for access to the latest MoneyTree venture capital report; thought leadership articles, information on IPOs and more.

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Safire Partners Executive Search
Safire Partners has completed 150+ retained executive searches since 2006
working with emerging businesses in digital media, Internet, eCommerce,
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