Wednesday, April 25, 2012Pasadena Angels Back Scientific Equipment StartupThe Pasadena Angels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics, the group said this week. Wasatch Biofluidics is developing printing technology to deposit biomolecules on biosensor surfaces. The investment by the Pasadena Angels was led by Dr. Kevin Scanlon. Wasatch Microfluidics is based in Salt Lake City, Utah.
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StartEngine Heads North For Joint Demo DayHow do you get above the noise of the many startup accelerators and incubators in Los Angeles, and convince investors--many of them on Sand Hill Road--to look at your firms? In the case of Westwood-based StartEngine, you head up to Silicon Valley and run a joint demo day with another accelerator, YouWeb. StartEngine, which is run by former Activision CEO Howard Marks and investor Paul Kessler, said Wednesday that it is banding together with Menlo Park-based tech incubator YouWeb to present to ar (More info...)
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USC Researchers Develop Liquid Solar Cell TechnologyResearchers at the University of Southern California report that they have developed new technology to create liquid, solar cells, which can be printed onto surfaces. The new technology--based on solar nanocrystals--were developed by chemistry researchers led by Richard L. Brutchey, assistant professor of chemistry at the USC Dornsife College of Letters, Arts and Sciences. According to USC, the technology--which is still "years away" from commercialization--might enable solar cells to be printed (More info...)
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AudioMicro Expands Sound Effect LibraryOnline stock audio marketplace AudioMicro is expanding its library of sound effects today, saying this morning that it has added 100,000 new sound effects to its service through a deal with Sound Idea, a company which develops sound effects for the broadcast, post-production, and multimedia industry. AudioMicro, which is run by Ryan Born, operates an online marketplace where multimedia producers can find music, sound effects, and other audio which can be licensed for royalty-free use on producti (More info...)
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THQ Sells ValueSoft Division To Cosmi SoftwareAgoura-based videogame developer THQ has sold off its value PC software arm, ValueSoft, to Westminster, California-based Cosmi, the firms said this morning. Financial terms of the sale were not disclosed. ValueSoft, which is based in Chaska, Minnesota, distributes value priced PC games. THQ said the sale will allow the company to focus on its core video game portfolio. Cosmi publishes PC productivity, education, utility, entertainment, and other software which is distributed to retail stores lik (More info...)
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SpaceX Moves ISS Launch To May 7thSpaceX, the developer of commercial rockets and spacecraft based in Hawthorne, has delayed its launch--again--of its mission to dock its Dragon spacecraft with the International Space Station (ISS), according to NASA. NASA said that SpaceX has delayed launch of its Falcon 9 rocket and Dragon spacecraft from April 30th to May 7th. The flight will be the first time a commercially developed spacecraft has docked with the ISS. SpaceX, which is headed by technology mogul Elon Musk, has been aiming at (More info...)
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Quality Systems Buys Matrix Management SolutionsIrvine-based Quality Systems, a provider of practice management and electronic health records software, said today that it has acquired Matrix Management Solutions, a reseller of revenue cycle management and electronic health records products. Financial details of the buy were not disclosed. Matrix Management Solutions was based in North Canton, Ohio, and provided healthcare IT solutions, revenue cycle management services, and other services to physicians and physician groups.
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RainTree Oncology Gets $11.1MSan Diego-based RainTree Oncology Services, a provider of systems which help oncologists to purchase oral drugs, manage inventories, track prescriptions, and monitor patients, has raised $11.1M, the firm said late Tuesday. The firm said the Series B round was led by Robert M. Bass, and brings the company's total raised to $22.5M. RainTree said the new funding will go to staff operations, data system development, working capital, and general corporate purposes. RainTree is headed by MIke Martin. (More info...)
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Amgen Buys Turkish Pharmaceutical CompanyThousand Oaks-based Amgen said this morning that it has acquired Turkish pharmaceuticals firm Mustafa Nevzat Pharmaceuticals. Amgen said the deal is worth $700M in cash. Amgen said the acquisition will help to significantly expand its presence in Turkey. Mustafa Nevzat is a major supplier of pharmaceuticals to hospitals in Turkey, with revenues of approximately $200M in 2011.
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Independa Raises $2.35MSan Diego-based Independa, which develops remote health management and monitoring systems for the elderly, said today that it has raised $2.35M in a convertible note funding. The firm said the round included Miramar Venture Partners and City Hill Ventures. $1.6M of the funding had been announced by the company last September. Indpenda also said it had also raised $200,000 in debt funding from Silicon Valley Bank, also last year. Independa, which is headed by Kian Saneii, develops systems which c (More info...)
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ViaSat Wins Deal In Saudi ArabiaCarlsbad-based ViaSat, the provider of satellite communications services, said today that it has scored a win with the Kingdom of Saudi Arabia. ViaSat said the King Abdul-aziz City for Science and Technology (KACST) has selected ViaSat's high capacity, Ka-band satellite system for a national satellite data network. The network will provide broadband Internet services to Saudi Arabia's national laboratories. ViaSat said the deal is worth approximately $70M, covering gateways, network operations f (More info...)
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