Monday, December 19, 2011
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

Aviir To Raise Up To $30M
Irvine-based Aviir, a venture-backed biotech firm targeting cardiac disease assessment, said late Monday that it has reached an agreement to raise up to $30M in a financing round. The firm said the round includes an initial $10M, plus up to $20M on meeting certain milestones. The funding was led by Merck Global Health Innovation Fund, and also included prior investors Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners. Aviir said the funding will go towards commercialization of (More info...)

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Amgen Inks $400M Deal With Generics Maker Watson Pharmaceuticls
Thousad Oaks-based Amgen said Monday that it has inked a $400M, co-development deal with Watson Pharmaceuticals, where they two will work together on oncology antibody biosimilar medicines. The two said that Amgen will assume primarily responsibility for developing, manufacturing and initially commercializing the oncology antibody products, with Watson contributing the $400M for co-development costs, receiving royalties and sales milestones from product revenues. Biosimilar medicines are copycat (More info...)

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GameFly Launches PC Client, Online Sales
Los Angeles-based videogame rental service GameFly said today that it has launched a new, PC client, which allows subscribers to play free PC games from the service. GameFly said its new, PC client will provide core, casual, classic, and independent games for free to GameFly subscribers. GameFly also said it will begin selling PC games on, as well as on its mobile apps for iOS and Android. The videogame rental company said that it expects to have over 1,500 Windows and Mac games for (More info...)

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Xfire Connects Into YouTube Channels
Santa Monica-based Xfire, the online social networking and chat service aimed at gamers, said this morning that it is making it easier for users to capture and share videos of their game play, and post it on a YouTube channel. Xfire already allows its users to capture and share content on their own site; the new feature makes it easier to cross post that content to YouTube. Xfire said it already has over 5.5 million videos captured using its social app. The company said the feature comes as a r (More info...)

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EnVerv Gets $12M For Smart Grid Chips
EnVerv, a developer of semiconductors used for the smart grid metering industry which has offices in San Diego, said this morning that it has raised $12M in a round of funding. The funding was led by Benchmark Capital, and also included prior investors New Enterprise Associates and Walden International. EnVerv's chips are used for communications via low voltage and medium voltage power lines. EnVerve's executive team includes a significant number of former RF Magic and Entropic Communications ex (More info...)

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Kyocera Sues Kodak
Kyocera, the Japanese electronics firm which operates its U.S. business from San Diego, said this morning that it has sued Eastman Kodak Company, for infringement on an inkjet patent. Kyocera said its lawsuit, filed in the U.S. District Court for the Southern District of California, alleges infringement on U.S. Patent No. 7,097,286, which covers the structure of inkjet recording heads. Kyocera claims that Kodak's injet printers are infringing on the patent. Kyocera said it is seeking monetary da (More info...)

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Skype Launches Free Airport Wi-Fi Deal
Peer-to-peer, voice-over-IP service Skype announced this morning that it will begin offering a free hour of Internet access, via third party wireless hotspots, in select airports across the U.S. Skype said the free access will be available from December 21st through December 27th. Skype's WiFi service works for users on PCs, Macs, and iOS. The service is powered by Santa Monica-based Boingo Wireless, which inked a deal in 2009 to allow Skype users to its hotspots.

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Interview with Cliff Boro, KidZui
Last week, San Diego-based Kidzui --the kid's website and kid-friendly browser developer, announced another round of funding, and also launched Zui Studios, a new effort to create original content for the portal. We thought it would be interesting to hear about why KidZui is investing in original content, so we spoke with Cliff Boro, KidZui's CEO.

Give us an overview on KidZui. It looks like you now have a search engine, a browser, and now a content studio?

Cliff Boro: At KidZui, our job (More info...)

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Quest Software Buys BiTKOO
Aliso Viejo-based Quest Software announced this morning that it has acquired BiTKOO, a developer of authorization and entitlement management for the enterprise IT market. Financial terms of the acquisition were not disclosed. Quest said the buy will add BiTKOO's technology to its Quest One Identity Solutions. BiTKOO was based in North Hollywood, and was co-founded by Doron Grinstein and Eric Kotler. Grinstein and Kotler were both previously on the IT side at Walt Disney Company, where they devel (More info...)

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Somaxon Cuts Staff, Looks for Buyer
San Diego-based Somaxon Pharmaceuticals, a developer of sleep medication, said today that it has cut 60 percent of its non-field based employees, and has hired a financial advisor to help sell the company. The firm said it has hired Stifel Nicolaus Weisel to help in "strategic alternatives", and cut its staff to minimize its cash burn rate. The publicly held firm said it continues to maintain a sales force and will "protect the intellectual property position of its product", and will continue to (More info...)

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Broadcom Wins Emulex Patent Lawsuit
Irvine-based Broadcom Corporation reports this morning that it has scored a win in a patent infringement suit it filed against Emulex, where it had accused Emulex of infringing on two of its patents. According to Broadcom, the United States District Court for the Central District of California found that the Emulex BladeEngine 2, BladeEngine 3 and Lancer chips, and four of its Fibre Channel switch products infringed upon its two patents. Broadcom said it is now seeing a permanent injunction, pro (More info...)

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Arrowhead Expands Board
Pasadena-based Arrowhead Research, the developer of nanomedicines, announced this morning that it has appointed Michael S. Perry, Hon BSc, DVM, Ph.D., to its board of directors. Perry is a venture partner at Bay City Capital, a life sciences investment fund, and also serves as President and Chief Medical Officerof Poniard Pharmaceuticals. Perry has also served at VIA Pharmaceuticals, Extropy Pharmaceuticals, Pharsight, SyStemix, Genetic Therapty, Baxter BIoScience, Novartis PHarma, and Syntex.

posted on Monday, December 19, 2011(Full story)

Siemer & Associates Q3 Digital Media and Software M&A Activity Report
Siemer & Associates LLC, the global merchant bank serving the digital
media, software and technology industry, has completed its Q3 2011 Exit
Report focusing on M&A deal trends and public company valuation metrics
in the digital media and software industries.

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
third quarter quarter of 2011.

Click below to read the full report:

Fetch Recruiting, Inc.
Fetch Recruiting, Inc. (
Technical Recruiting for LA based Startups and High-Growth Companies

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:

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,

Viewing Technology Companies Through a New Lens - Los Angeles
Viewing Technology Companies Through a New Lens: The 2012 Outlook.

January 17, 2012 - Skirball Cultural Center

Please join J.H. Cohn's Technology Industry Practice and the law firm of
Stubbs Alderton & Markiles for a panel discussion covering:

- An update on trends and opportunities
- Positioning for liquidity events and growth financings

The market for liquidity events is flourishing as the IPO market improves, private equity flows to growth opportunities, and strategic buyers find the fortitude to tap cash reserves. This forum provides a great opportunity to network and share ideas with other industry leaders. Panelists include: Jay Beaghan, Managing Director of Investment Banking in Imperial Capital; William Quigley is Managing Director of Clearstone Venture Partners; Louis A. Wharton is a Partner at Stubbs, Alderton & Markiles; Steven J. Banks, CPA, is a Partner with J.H. Cohn.

Register today!

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