Thursday, January 5, 2012Yardi Buys Software FirmSanta Barbara-based Yardi, which develops software for property management, said Thursday afternoon that it has acquired ALMSA Corporation, a provider of software for the assisted living industry. Financial terms of the buy were not disclosed. ALMSA's software is used for electronic health record (EHR) and electronic medication administration in assisted living and long-term care communities. Yardi said it will maintain all of ALMSA's key personnel and its office in Eagle, Idaho.
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AT&T Rolls Out LTE In Los Angeles, San DiegoGet a new, 4G smartphone over the holidays? If you're on AT&T, you will now be able to take advantage of faster, LTE wireless speeds in the region. AT&T said today that it has turned on LTE in Los Angeles and San Diego, meaning that new smartphones, including the HTC Vivid, Samsung Galaxy S II Skyrocket, LG Nitro HD, and others can now access higher broadband speeds in the area. Los Angeles and San Diego are among eleven new cities with LTE access today, bringing AT&T's total markets to 26 with (More info...)
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San Diego Tech Coast Angels Honor John G. Watson With Memorial FundThe San Diego chapter of the Tech Coast Angels, the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. Watson Foundation, which will support entrepreneurism in the San Diego region. The fund has been started by a $1M gift from the family of John G. Watson, who was an active angel investor with the TCA until his untimely death in 2010.
According to the Tech Coast Angels, the new foundation wi (More info...)
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Stocktwits' Lindzon Leads Round In DailyWorthHoward Lindzon, the prolific angel investor who runs San Diego-based Stocktwits, has led a round in personal finance email DailyWorth.com. According to DailyWorth, it raised $2M from angels, led by Lindzon and Joanne Wilson, and also including 500 Startups' Dave McClure, David Cohen of TechStars, and Eric Schmidt. The firm has now raised over $3M in funding. DailyWorth delivers an email publication delivered to over 200,000 subscribers, focused on finance and careers for women. The newsletter wa (More info...)
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Mindspeed Buys PicochipNewport Beach-based Mindspeed Technologies said this morning that it has signed a definitive agreement to buy PIcochip Limited, a UK-based supplier of systems-on-a-chip (SoC) products. Mindspeed said it will pay approximately $51.8M, plus up to $25M in earn out, for PIcochip. Picochip's products are used for small cell base stations. Mindspeed said the deal will help it support a range of base station semiconductors, ranging from residential, to enterprise, to pico/metro applications. The deal i (More info...)
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Interview with Sam Altman, PartyEarthLast month, just before the holidays, Los Angeles-based PartyEarth (www.partyearth.com) raised $4.0M in capital for its online service for connecting people with nightlife venues. We caught up with Sam Altman, the firm's CEO, to hear more about the company, and how we went from working in private equity to heading up a company all about finding nightlife.
What is PartyEarth?
Sam Altman: PartyEarth is a global media and entertainment company. We're focused on offering personalized reviews a (More info...)
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Nimble Gets $1M From Google, Mark CubanSanta Monica-based Nimble, the developer of online, contact and relationship management software headed by Jon Ferrara, the former founder of Goldmine, said last night that it has raised $1M in a seed funding round. The round was led by Google Ventures and Mark Cuban. The funding also included Jason Calacanis, Don Dodge, Dharmesh Shah, and others. Nimble helps users manage their connections and customers, including integration with email software like Gmail and Microsoft Outlook. Ferrara is appl (More info...)
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Arrowhead Research Inks Deal With AlnylamPasadena-based Arrowhead Research and RNAi therapeutics firm Alnylam Pharmaceuticals announced this morning that the two are in a collaboration and licensing agreement. Financial details of the agreement were not announced. THe two said that Arrowhead will receive a license from Alnylam to develop a RNAi therapeutic aimed at the Hepatitis B Virus (HBV). The companies said the license enables the discovery, development, and commercialization of an RNAi therapeutic targeting the hepatitis B virus (More info...)
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ViaSat Renews Rural Broadband DealCarlsbad-based ViaSat reports this morning that it has renewed a deal with the National Rural Telecommunications Cooperative (NRTC), to provide its satellite broadband services. The five year, wholesale distribution deal will be carried through its new ViaSat-1 satellite. Financial terms of the deal were not disclosed. ViaSat's satellite communications service is expected to offer faster Internet service than currently available via satellite, at prices starting at $50. ViaSat is expecting its s (More info...)
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Local Corporation Names Sawtell PresidentIrvine-based Local Corporation, the online local advertising and directory publisher, said this morning that it has promoted Chief Operating Officer Michael Sawtell, to President and COO. Sawtell has been COO since May. Sawtell rejoined Local after the firm acquired DigitalPost Interactive and its Rovion business. Sawtell was founder and CEO of DigitalPost. Sawtell is a Local.com vet, having been president and COO of the firm between 2000 and 2005. In addition to the promotion, Local said it has (More info...)
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