Tuesday, September 20, 2011
Shaking the MoneyTree - Sept. 22 - Santa Monica
LAVA hosts PwC's Shaking the MoneyTree

Date: September 22, 2011
Shutters on the Beach
1 Pico Boulevard
Santa Monica, CA 90405-1063

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.

Randy Churchill, Director, Emerging Company Services, PwC

Register at http://www.lava.org

Blizzard Boots Up Beta For Diablo III
Irvine-based Blizzard Entertainment reported Tuesday that it has begun closed beta testing for Diablo III, the sequel to its Diablo role playing game series. Blizzard did not say how many users will be added to the beta. The firm said the closed beta is an "important milestone" on the way to final development of the new title. Blizzard is known for its massively multiplayer online games, including World of Warcraft, StarCraft, and Diablo.

posted on Tuesday, September 20, 2011(Full story)

Nukona Scores Funding
San Diego-based Nukona, a developer of mobile application management software for the enterprise, said Tuesday that it has closed a funding round. Size of the round was not announced. According to Nukona, the funding came from the Startup Accelerator program at Citrix Systems, as well as angel investors. Nukona is led by Chris Perret, who was previously at Wind River. The firm's CTO, Jeff Enderwick, was co-founder of Allegro Systems, which was acquired by Cisco. According to the company, it will (More info...)

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Funny or Die Debuts Blake Griffin
In a funny sendup of the "human interest" segments of sports channels, LA Clipper Blake Griffin made his Funny or Die debut today in a spoof, 24/7 Blake Griffin: NBA Star Turned Intern. Griffin had said in August--in the wake of the NBA lockout--that he would intern, for free, at the Los Angeles online comedy site. Funny or Die is the comedy site started by Will Ferrell and backed by Sequoia Capital.

posted on Tuesday, September 20, 2011(Full story)

CODA Holdings Closes $147M Funding
Los Angeles-based CODA Holdings, the developer of electric vehicles and battery systems, said late Monday evening that it has completed a $147M, Series D funding round. The firm said the new funding brings its total raised to more than $300M. The new funding came from New World Strategic Investment Limited, Indus Capital, Och-Ziff, AERIS Capital, Angeleno Group, Harbinger Capital Partners, Riverstone Holdings, as well as other un-named, high net worth individuals. The firm said the funding will (More info...)

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MobileCause Ups Funding By $3.2M, Hires VP
Los Angeles-based MobileCause, which operates mobile fundraising, CRM, and communications services for non-profits, revealed today that it has recently raised $3.2M in funding. According to MobileCause, the funding came through "several rounds" of additional funding, from super-angel and micro venture capitalists. Names of those investors were not disclosed, nor was the exact timing of the funding. The details on the funding came via the announcement of the hiring of a Jeff Kuligowski, a new Sen (More info...)

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Data Center Provider Opens New Data Center In The OC
A colocation and cloud services provider, Latisys, said today that it is planning a big expansion in Orange County, with the opening of a new, 22,000 square foot data center in Irvine. Latisys, which owns the former operations of InteleNet in Irvine, said the space is the first part of a 93,000 square foot data center being built in the location. The company already owns a 50,000 square foot data center in Irvine, which it has run since 1994. Latisys said the new facility will make it the larges (More info...)

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Emulex Expands In Texas
Costa Mesa-based Emulex, the developer of Fibre Channel host bus adapters, network adapters, switches, and other networking products, announced today that it is holding a grand opening of new offices in Austin, Texas, next week. Emulex said it is opening up new offices and engineering labs in the location, but did not say how big of an operation it plans in the location.

posted on Tuesday, September 20, 2011(Full story)

TrustYou Raises $5M For Social Sentiment Analysis
TrustYou, a provider of social media monitoring technology and services to businesses which has its U.S. headquarters in Manhattan Beach, said today that it has raised $5M in a Series A funding, and acquired Dallas-based ReviewAnalyst. TrustYou said the funding was led by Credit Agricole Private Equity. Financial terms of the acquisition of ReviewAnalyst was not announced. TrustYou's international headquarters are in Munich, Germany; the firm's CEO is Benjamin Jost.

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SOA Software Names VP
Los Angeles-based SOA Software, the developer of enterprise SOA software, announced today that it has tapped IBM vet Corey Scobie as its new Vice President Technology. Scobie was previously Chief Strategist for IBM's Appliance and Application Optimization businesses, and also has served at DataPower, before its acquisition by IBM. SOA said that Scobie will join its senior technology development group.

posted on Tuesday, September 20, 2011(Full story)

Interview with Anna Sergeeva and Fei Xiao, trueRSVP
Faced with their own issue of "flaky" people who were responding with an RSVP for their volunteer projects, but not actually showing up, the founders of trueRSVP (www.truersvp.com) decided to take things into their own hands, and create a service to provide better feedback to event organizers. The firm was one of the recent startups to launch at the DEMO Fall 2011 conference last week, and has the backing of OrganicStartup, the startup acceleration effort of local angel investor Scott Sangster. (More info...)

posted on Tuesday, September 20, 2011(Full story)

Spotlight Names Marketing Chief
Calabasas-based Spotlight, the developer of ticket management software-as-a-service, said today that it has appointed Richard Dym as its Chief Marketing Officer. Dym has previously been CMO of OpSource, and also served at AXIS-One, SiteSmith, Tribal Voice and ParcPlace Systems. Spotlight is led by Tony Knopp, who, along with his co-founders, was previously at Stubhub. The company is backed by POint Judith Capital. Spotlight said its customers now include Comcast, MetLife, Nike, Oracle, Time Warn (More info...)

posted on Tuesday, September 20, 2011(Full story)

MediaTrust Names Cohn CEO
Los Angeles-based MediaTrust, the operator of a performance-based marketing and online advertising exchange, said this morning that it has named Keith Cohn as its new Chief Executive Officer. Cohn was most recently President and member of the firm's board. Current CEO Peter Bordes will continue to be involved with the company. Cohn was previously Founder and CEO of Bardon Advisors, and also served as President and CEO of Vendare Media, the Idealab-backed Internet advertising and marketing firm. (More info...)

posted on Tuesday, September 20, 2011(Full story)

Sometrics Acquired By American Express, Says Report
El Segundo-based Sometrics, the in-game virtual currency and monetization startup headed by Ian Swanson, has reportedly been acquired by American Express. The value of the deal was $30M, according to the report from TechCrunch. Sometrics had raised over $5.25M in funding from Big Sky Ventures, Greycroft Partners, Mailroom Fund, and Steamboat Ventures.

posted on Tuesday, September 20, 2011(Full story)

THQ Selects Crytek For New Homefront Title
Agoura Hills-based videogames firm THQ said this morning that it has linked with gaming developer Crytek, to develop its next title in its Homefront franchise. Financial details of the arrangement were not disclosed, however, THQ said it expects the new title to be released in its fiscal 2014, on console and PC platforms. Homefront is THQ's post-apocalyptic, first-person-shooter (FPS) action game, which involves North Korea invading the United States. THQ's first Homefront title was released in (More info...)

posted on Tuesday, September 20, 2011(Full story)

SRS Labs Wins Rockwell Collins
Santa Ana-based SRS Labs, a developer of surround sound and other audio technology, reported this morning that it has been selected by Rockwell Collins. SRS said that Rockwell is integrating its SRS WOW HD technology in its dPAVES airline in-flight entertainment systems. Financial impact of the win were not disclosed.

posted on Tuesday, September 20, 2011(Full story)

TriNet: Top 5 HR Compliance Concerns for Small Business
As the economic horizon continues to shift and belts tighten, small and medium sized companies who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues human resource compliance.

Unlike their large-company counterparts, they lack the time and resources to build infrastructure and processes that are beyond core business objectives. But if entrepreneurs and smaller business owners are focused solely on growth and product, how do they know what issues to look for in order to protect the company? This is a must-read paper that discusses the top 5 HR compliance issues they may face.

Download at:

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:

Ventura Ventures Technology Center (V2TC) - Business Incubator
The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently.

Learn more at http://www.v2tc.com

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, www.checkalt.com

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:

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