Tuesday, January 22, 2013
THQ, South Park Studios In Dispute Over Auction
South Park Digital Studios, the owner of the irreverant animated series, has filed a motion to halt THQ's auction of South Park: The Stick of Truth. THQ had entered into a deal with South Park in 2011 to publish The Stick Of Truth, a videogame centered around the South Park brand. The objection to THQ's auction--which was being held Tuesday--was first uncoverd by NeoGAF. The Stick Of Truth is just one part of THQ that was going up for auction today, as the bankrupt company looked to sell off ass (More info...)

posted on Tuesday, January 22, 2013(Full story)


Network Automation Names Founder Snell As CEO
Los Angeles-based Network Automation, which develops IT and business process automation software, has hired back founder Dustin M. Snell as its CEO, the firm said, to focus on growth in the automation market for the firm. The firm explained the appointment comes as it had its best quarter on record in Q4 of 2012, showing 47 percent year-over-year revenue growth. The firm did not disclose full financials, but did say the quarter was its best on record, and that the year is its eighth consecutive (More info...)

posted on Tuesday, January 22, 2013(Full story)


Siemer Ventures Backs Optimal
Los Angeles-based investor Siemer Ventures has backed social media advertising and analytics firm Optimal, Optimal said Monday. San Francisco-based Optimal said it raised $7M in a Series B funding, which included DoubleRock, The Social Internet Fund, Siemer Ventures, Signal Ventures, John Pappajohn, Warren Adelman (former CEO of GoDaddy), Social Starts, James Altucher and Silicon Valley Bank. Southern California-based Siemer Ventures has been one of the more active investors in the region over t (More info...)

posted on Tuesday, January 22, 2013 (More)(Full story)


Kareo Raises $20.5M For Medical Billing Software
Irvine-based Kareo has raised $20.5M in a Series F funding, led by Stripes Group and also including Western Technology Investment. Kareo develops software that provides medical office for small practices. The firm has previously raised funding from OpenView Venture Partners, Greenspring Associates and Western Technology Investments. The firm has now raised around $45M in funding. Kareo is led by Dan Rodrigues. Kareo said the new funding will go towards the launch of a new product, Kareo Billing (More info...)

posted on Tuesday, January 22, 2013 (More)(Full story)


MaintenanceNet Reports Record Year
Carlsbad-based MaintenanceNet, the developer of software-as-a-service used for managing service contracts and service quotes for manufacturers and others, reported today that it has had a record year. The firm said it had year-over-year revenue growth of nearly 115 percent worldwide, and increased its staff by 60 percent. The firm did not disclose actual financials, but did say its platform was used to generate more than $2.3 billion in service contracts for its customers. MaintenanceNet's softw (More info...)

posted on Tuesday, January 22, 2013(Full story)


Atlas Powered Gets $700K
Los Angeles-based Atlas Powered, a developer of software for managing calendar, task, and contact data on iOS and Android, has raised $700,000 in a funding round, the firm said today. The round was led by the Tech Coast Angels, and also included the Maverick Angels, Pasadena Angels, Angel Capital Entrepreneur Fund, LaunchpadLA, and angel Clark Landry. The investment in Atlas Powered by the TCA was led by Yuri Pikover. According to Atlas Powered, the funding will go towards development and comme (More info...)

posted on Tuesday, January 22, 2013 (More)(Full story)


What Lynda.com Plans With Its $103M Funding, with Eric Robison

Last week, Carpinteria-based Lynda.com announced one of the biggest investments in the region in the last few years--a $103M, growth equity investment in the company, which came from Accel Partners and Spectrum Equity. The firm operates an online video education service helping people to learn how to use all kinds of software, ranging from Adobe Illustrator to AutoCAD and more. To get the story behind the new funding, we spoke with Eric Robison, the firm's President and CEO, last week.

Tell (More info...)


posted on Tuesday, January 22, 2013(Full story)


CapLinked Adds Security Features For Deal Management
If you're an investor who's concerned about the security of your deal data being store on the web, CapLinked, which develops an online platform to help companies manage and close their business transactions, has an answer for you: military-grade security. The firm said today that it has tapped security software developer Quipa, to deliver what it says is "military-grade" security for sending business and financial transactions through the cloud. CapLinked said the support of Quipa will allow it (More info...)

posted on Tuesday, January 22, 2013(Full story)


WD Buys Arkeia Software
Irvine-based disk drive manufacturer Western Digital said this morning that it has acquired backup software provider Arkeia, which was based in Carlsbad. Financial terms of the buy were not disclosed. According to WD, the acquisition was made via a merger transaction, and included all of the employees, technology, and products of Arkeia. The company said that it will integrate Arkeia into its Branded Products SMB unit. Arkeia software is a developer of backup and recovery software aimed at small (More info...)

posted on Tuesday, January 22, 2013(Full story)


Life Technologies Buys BAC BV
Carlsbad-based scientific instruments manufacturer Life Technologies said this morning that it has acquired BAC BV, a Netherlands-based firm focused on the discovery, development and manufacture of protein purification products. Financial terms of the buy were not disclosed. Life Technologies said the acquisition would help expand its product offerings in the biopharmaceutical research and manufacturing area.

posted on Tuesday, January 22, 2013(Full story)


Condusiv Technologies Names CTO
Burbank-based Conusiv Technologies, the developer of disk drive defragmentation and other software formerly known as Diskeeper, said last night that it has appointed Brian Olson as its new Chief Technology Officer. Olson was previously at EMC, serving as Cloud Business Development Manager; he also served as CTO of Atempo Corporation, CTO and VP of Engineering at Storeactive Corporation, and also had been at Veritas Software.

posted on Tuesday, January 22, 2013(Full story)


Nirvanix Ties Into Intel AppUp
Nirvanix, the operator of the enterprise-focused cloud storage service, said today that it will begin offering up its cloud storage services in Intel AppUp SMB Service, Intel's subscription-based cloud service. Nirvanix said the offering is aimed at managed service providers, to allow them to offer their SME and SMB customers with enterprise-level cloud storage services. Nirvanix said that Intel's AppUp SMB Service offers up a catalog of small business applications delivered via the cloud.

posted on Tuesday, January 22, 2013(Full story)


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