Tuesday, March 12, 2013Why The Growth Of The Internet Is Driving EdgeCast's RevenuesWhat is it about the content delivery network market which has enabled Santa Monica-based EdgeCast to go from startup to over $100M in revenues in only a few, short years? The company--which is in the business of operating a content delivery network (CDN) to accelerate the delivery of web graphics, multimedia, applications, and more to end users--recently disclosed it more than doubled its revenues in 2012, and has grown to over 230 employees--all due to a huge amount of demand for CDN services (More info...)
posted on Tuesday, March 12, 2013(Full story)
William Morris Invests in Mobile Development FirmBeverly Hills-based talent agency and entertainment giant William Morris Endeavor looks to be busy with investments this week. The firm as backed a mobile application development company, Chaotic Moon Studios, as part of a strategic partnership. Financial terms of the investment were not disclosed. Chaotic Moon Studios is based in Austin, TExas, and provides mobile development services to companies such as Fox, Pizza Hut, General Mills, Microsoft, Dell, CBS, and Disney. The investment is the sec (More info...)
posted on Tuesday, March 12, 2013 (More)(Full story)
GRP Partners Adds HauteLook's BettinelliGRP Partners, the Los Angeles venture capital investment firm, said Tuesday morning that it has added former HauteLook CMO Greg Bettinelli as a Partner at the firm. Bettinelli was Chief Marketing Officer at HauteLook, having taken it form startup to its acquisition by Nordstrom for $270M. Bettinelli also has been involved with startup accelerator MuckerLab.
posted on Tuesday, March 12, 2013(Full story)
Western Digital Backs Skyera
Irvine-based disk drive maker Western Digital announced this morning that it has made a strategic investment in Skyera, a developer of enterprise, solid state storage systems. WD said it co-invested in the recent, $51M funding round announced by Skyera in February. That round was led by Dell Ventures, the venture capital arm of Dell Computer. Western Digital said the investment also includes a deal for joint technology development.
Western Digital did not say how much of the $51M round it t (More info...)
posted on Tuesday, March 12, 2013 (More)(Full story)
Blizzard Debuts New StarCraft Expansion TitleIrvine-based videogame maker Blizzard Entertainment has launched a new StarCraft expansion title, StarCraft II: Heart of the Swarm. According to Blizzard, the new game can be purchased at retail stores throughout the U.S., Canada, Europe, Russia, South Korea, Australia, New Zealand, Southeast Asia, Mexico, Chile, Brazil, Taiwan, Hong Kong, and Macau. Blizzard said it will announced plans for mainland China in the future. The title costs $59.99.
posted on Tuesday, March 12, 2013(Full story)
TotallyHer Media Snags Glam Media VPLos Angeles-based TotallyHer, the women's lifestyle publishing arm of Evolve Media, said today that it has hired away a Glam Media veteran as its new Vice President fo Sales. Evolve Media said it has named Rachel Wintner as its new Vice President of Sales, to lead the firm's new sales team. TotallyHer said that Wintner was previously VP of Sales for the last three years for Glam Media, and also served at Style.com as Associate Publisher. As part of the appointment, TotallyHer also said it has bo (More info...)
posted on Tuesday, March 12, 2013(Full story)
Avanir Pharmaceuticals Adds DirectorAliso Viejo-based Avanir Pharmaceuticals, which is developing treatments for central nervous system disorders, said today that it has added Ms. Corinne Nevinny to its board of directors. Nevinny is General Partner at venture capital firm LMNVC LLC. Nevinny also has served at Edwards Lifesciences Corporation, Tularik, and Warburg Dillon Read LLC. The company also said Nevinny serves on the boards of Onyx Pharmaceuticals, Neocrine Biosciences, and three un-named private companies.
posted on Tuesday, March 12, 2013(Full story)