Thursday, February 23, 2012Chill Becoming Pinterest For Videos?Los Angeles-based Chill, the social video discovery site founded by Brian Norgard and Dan Gould--demonstrating its characteristic ability to quickly jump on the latest Internet trends--has taken a clue from photo "pinning" startup Pinterest, and added its own pinning ability to its video site. The latest incarnation of Chill allows users to repost, comment, and interact with videos similarly to the way Pinterest lets users interact with photos. Chill recently shifted to focus on social discovery (More info...)
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DexCom Buys Healthcare IT FirmSan Diego-based DexCom, a developer of continuous glucose monitoring systems for patients with diabetes, said Thursday afternoon that it has acquired SweetSpot Diabetes Care, a healthcare information technology firm. DexCom said it will pay up to $4.5M, plus earn out of an additional $4M for SweetSpot. SweetSpot develops a cloud-based service which helps process and handle data from patient devices, providing more useful information for healthcare providers, patients, and researchers. SweetSpot' (More info...)
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Ceres Rises In IPOThousand Oaks-based Ceres, the biotechnology firm developing specialized seed stocks for the biofuels industry, rose in its IPO on Wednesday, closing at $14.80 for the day, after rising 14 percent in its first day of trading. The firm priced its IPO on Tuesday evening at $13.00 per share, pricing lower than expected after a delay in its IPO. Ceres develops specialized seeds specifically for growing feedstock for biofuels and biochemicals.
The IPO marks the first company in Southern Californi (More info...)
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Fanattac Gets $1M, Tackles Social Media, MusicHollywood-based Fanattac, a developer of an online, social media platform which looks to connect music fans and artists, has raised $1M in a funding round. The firm, which is headed by Dan Faiman, did not disclose the names of the investors in the company. the firm said it is providing a "unique" social media experience for music lovers, where fans will be able to interact with artists online. The firm said it is launching via a beta at Ithaca College, and plans to expand to other college campus (More info...)
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Apriso Adds To Win At Tesla MotorsLong Beach-based Apriso, which develops manufacturing operations management software, reports today that electric car firm Tesla Motors has selected another one of the firm's products to help it streamline its processes. The firm said that Tesla is using its FlexNet Manufacturing Process Intelligence (MPI) product, as a complement to the company's existing FlexNet Manufacturing Process Intelligence (MPI) software. Financial details of the additional win were not announced. Apriso provides its s (More info...)
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CapLinked Launches Professional AccountsLos Angeles-based CapLinked, the developer of software for helping companies to raise capital which is headed by Eric M. Jackson and Christopher Grey, said today they have launched a new PRO account level for the service. The new, subscription service offers up such enhancements as allowing users to message users outside their network, get real time notifications when people view their deal rooms, special reports and analytics on people interested in their profiles, as well as upgraded customer (More info...)
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Local Corporation Adds Real Time PollingIrvine-based Local Corporation, the provider of local business directory websites and related products, said today that its Rovion ad management system now includes the ability to add real-time polling on its rich media ads. The firm said the new ad unit is aimed at allowing users to create and display polls, and is ideal for the 2012 election ad campaign season. Local.com acquired the Rovion ad serving business in February of 2011, part of a diversification move by the firm into a variety of ne (More info...)
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CyberDefender Files For Chapter 11, Agrees To Sell To GR MatchLos Angeles-based CyberDefender, the troubled developer of Internet security software and provider of remote technical support services, said today that it has filed for Chapter 11 bankruptcy, and has agreed to be sold to GR Match, LLC, an affiliate of Guthy-Renker LLC, its largest shareholder. CyberDefender said the sale is still subject to approval by the bankruptcy court, receipt of higher and better offers, and other closing conditions. As part of the sale, CyberDefender said that GR Match h (More info...)
posted on Thursday, February 23, 2012(Full story)