Friday, February 17, 2012
OWL Biomedical Raises $3.0M
Santa Barbara-based OWL Biomedical, a developer of microchip-based disposable cell sorting technology for the biomedical industry, has raised $3.0M, part of an ongoing funding with a target of $16.8M, according to regulatory filings. OWL is a biotech firm which is a spinout of MEMS foundry Innovative Micro Technology. Dr. John Foster, the CEO of IMT, recently left IMT to join OWL Biomedical. According to the Pacific Coast Business Times, OWL has so far raised a total of $6M in funding for the co (More info...)

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Report: Idealab's Energy Innovations Up For Sale
Pasadena-based Energy Innovations, the Idealab startup working on concentrating photovoltaic solar systems, is looking for a buyer, according to a report Friday. GreenTechMedia, an industry publication covering the green technology and solar industry, reports that Energy Innovations is in the midst of being acquired by a strategic investor. The report quoted un-named sources close to the firm. Energy Innovations is backed by both Idealab and Mohr Davidow Ventures. The firm develops concentrating (More info...)

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Huawei Sets $6 Billion In OEM Deals with Qualcomm, Broadcom, Avago
Chinese telecom giant Huawei said Friday, in an announcement timed with the visit of Chinese Vice President Xi Jinping to Los Angeles, that it is awarding $6 billion in Original Equipment Manufacturer (OEM) contracts to three California companies. Huawei said that the contracts go to San Diego-based Qualcomm, Irvine-based Broadcom, and Avago, which is based in San Jose. Huawei said the three year, OEM contracts will directly or indirectly create "tens of thousands of job opportunities" in the U. (More info...)

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Broadcom Completes Buy of NetLogic Microsystems
Irvine-based Broadcom has completed its acquisition of NetLogic Microsystems, the developer of networking semiconductors, the company said this morning. The acquisition--which had originally been announced in September--was worth $3.7 billion. NetLogic develops a range of network processors, multi-core processors, networking PHYs, and more.

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Greycroft, Local Angels Back Fight My Monster
Los Angeles- and New York-based venture firm Greycroft Partners has backed a UK-based developer of an online, card trading game called Fight My Monster, the firm said Thursday. Financial terms of the investment were not disclosed. Other investors in the round included eVenture Capital Partners, Jarl Mohn, Jeff Lapin, Josh Resnick (nTro), Mark Schwartz, Dale Okuno (E-Z Data), Alan Stern and Kevin Donahue. Fight My Monster is headed by Dominic Williams, and also includes the involvement of Dylan C (More info...)

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Eucalyptus Sets New CFO
Santa Barbara-based Eucalyptus, the developer of cloud computing software which is backed by Benchmark Capital, BV Capital, and New Enterprise Associates, said Thursday that it has named Ning Wang as its Chief Financial Officer. Wang replaces co-founder Woody Rollins, who becomes Chief Talent Officer. Wang comes to Eucalyptus from, where she was CFO and COO. She also has served at Blue Casa and Bargain Network, as well as McKinsey & Company. Eucalyptus develops software to help compani (More info...)

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FlexEnergy Names President and COO
Irvine-based FlexEnergy, a developer of gas turbine equipment from producing green energy, has named Jay Mitchell as President and Chief Operating Officer. The venture backed firm, which is backed by SAIL Capital Partners and RNS Capital Partners, said that Mitchell has previously served at from T-3 Energy Services, a supplier to the oil and gas industry, among other experience. The firm's equipment uses methane, normally generated as a waste gas, to instead power a gas turbine for producing ele (More info...)

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July Systems Raises $15M
Los Angeles-based July Systems, a developer of mobile, cloud-based applications, said Thursday that it has raised $15M in an equity funding round. The round was led by Updata Partners, and also included Intel Capital and WestBridge Capital. July Systems is led by Rajesh T.S. Reddy, and develops a platform which helps businesses build, manage, and update live, mobile services. The firm said the funding will go towards its product roadmap and sales. July Systems says it has offices in New York, Lo (More info...)

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Emulex Ships Product With HP
Costa Mesa-based Emulex, the developer of storage area networking equipment and host bus adapters, said earlier this week that its 16Gb Fibre Channel host bus adapters (HBAs) are now available for HP Proliant systems. The firm said the new adapters are designed specifically for HP ProLiant Servers with PCI-Express I/O slots, under the HP SN1000E HBA line.

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Shaking the MoneyTree 2012
Please join PwC, the Los Angeles Venture Association, and a distinguished panel of venture capitalists and industry experts for their insight into results of the MoneyTree Report.

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

Q4 2011 and 2011 Year-End Results:
Thursday, March 1, 2012
6:00pm 8:30pm
Fairmont Miramar Hotel & Bungalows
101 Wilshire Boulevard, Santa Monica, CA 90401

To register for Shaking the MoneyTree, visit

Digiday Agency | Wednesday, February 29, 2012 | Los Angeles
Digiday Agency: Retooling for the Future. Traditional media has been disrupted. Advertisers are faced with more options than ever to reach consumers. At the same time, the agency model has been turned on its head. Tried-and-true practices and business models are under fire. Agencies must help their clients rethink how they reach consumers while at the same time rethinking how they make money. In a world of pressure to deliver ROI under the spotlight, agencies are moving to evolve. How do agencies drive their own innovation to ensure success for themselves and their clients in today's data-driven digital media landscape? At Digiday Agency, we focus on the challenges and the opportunities in building great modern agencies.

Register today!

Save $100 on the Digiday Agency Conference with Coupon Code SOCALTECH

Siemer & Associates
Siemer & Associates LLC is the global merchant bank serving the digital
media, software and technology industry.

Safire Partners Executive Search
Safire Partners has completed 150+ retained executive searches since 2006
working with emerging businesses in digital media, Internet, eCommerce,
software and clean technology across Southern California. Please visit
our website to see an updated list of our clients and searches completed
at We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at We can also always be a
friendly source for investor introductions and general market /
compensation intelligence.

The ROI of Developing Your Employees - Webcast 2/23/2012
Free Webcast - Sponsored by TriNet
The ROI of developing your employees: How to drive productivity and motivation to increase your bottom line
Date: Thursday, February 23, 2012

Time: 12:00 PM 1:00 PM Pacific

Please join us for this must-view webcast on how to increase your bottom line through developing your employees. This webinar will be led by Debra Squyres, TriNet Executive Director of Human Capital Services, and will feature subject matter experts and TriNet Human Capital team members Liz Brashears and Rebecca Heyman. Our discussion will focus on the following topics:

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