Wednesday, June 12, 2013Parallax Capital Buys Software Firm Fox TechnologiesLaguna Hills-based Parallax Capital, a private equity firm headed by James Hale, said this week that it has acquired Fox Technologies (FoxT), a developer of access management and governance software. Financial terms of the buy were not announced by the company. FoxT is a developer of access management tools for businesses, to help them manage access control to their applications, servers, databases, and desktops. Parallax also owns such companies as Daptiv, Computron, and Infor.
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MySpace Launches New Mobile App, Site DesignLos Angeles-based Myspace officially launched its new site design and a mobile app today, firmly centering the online site on music, music discovery, and streaming. According to Myspace, its new site offers up a persistent music player, offering up 53 million songs from a library of digital music. The new site also lets users create their own radio stations, share animated GIFs, and more. Myspace has been in the midst of rolling out the new design since January, when the Justin Timberlake-design (More info...)
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Surf Air Takes Flight, Starts All-You-Can-Fly Shuttles To Silicon ValleyFor venture capital investors and entrepreneurs, used to making the commute between Silicon Beach and Silicon Valley, the distance--and time--between the two technology centers has just dropped, thanks to the launch of Surf Air, an all-you-can-fly membership airline. Surf Air launched its first flight today at 10:45am, flying from Burbank to San Carlos. San Carlos is a small public airport, between Redwood City and San Mateo just off the 101 freeway, and is closer to Sand Hill Road than either S (More info...)
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CampaignEQ Aims At Better Mobile Marketing AttributionIs that mobile cost-per-click, CPA ad, Facebook campaign, or Pinterest page actually translating into a customer? A new, Santa Monica startup, CampaignEQ, is hoping to help marketers better attribute increases in mobile customers and traffic to their marketing campaigns, with a new product. According to CampaignEQ--founded by former Beachmint execs William Belk and Dirk McGregor--its new cloud-based, web and mobile affiliate tracking platform is aimed at offering up better mobile attribution and (More info...)
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Colorescience Lands $10M For CosmeticsCarlsbad-based Colorescience, the aesthetic medicines business spun out of SkinMedica when that company was acquired by Allergan, has raised $10M in a Series A funding round today. The company said the funding came from its existing investors, which include Split Rock Partners and Montreux Equity Partners. Both of those companies are adding executives to its board of directors. Colorscience spun out of Skinmedica, after SkinMedica was acquired by Allergan in December of last year. Colorescience (More info...)
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SpaceX Pursues Air ForceHawthorne-based commercial rocket and spaceship developer SpaceX is expanding its range of possible customers today, with a deal with the military's Space and Missile Systems Center (SMC). According to the center, it has signed a Cooperative Research and Development Agreement (CRADA) with Space Exploration Technologies Corp., to evaluate the use of SpaceX's Falcon 9 for launching payloads into space.
According to the SMC, it will help certify SpaceX's Falcon 9 v1.1 launch system for National (More info...)
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BlackLine Systems Links With CohnReznickLos Angeles-based financial software developer BlackLine Systems has tied with accounting, tax, and advisory firm CohnReznick LLP, the companies aid today. According to the companies, they are in a strategic alliance, where CohnReznick will provide advisory services and guidance to CFOS, controllers, and other finance department executives to support implementation of BlackLine's software. BlackLine develops financial close software that helps automate what has been a very manual process for com (More info...)
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DTS Powers Headsets For Turtle BeachCalabasas-based audio processing and enhancement technology developer DTS announced a win with headset maker Turtle Beach today. According to DTS, its technology will be used in a select number of Turtle Beach's new media headsets. Financial impact of the win was not disclosed. Turtle Beach is using the DTS Headphone:X technology, which DTS says delivers realistic, multi-dimensional audio for headphones.
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Domain Associates Promotes Shah To PartnerSan Diego-based biotech investment firm Domain Associates announced this morning that it has promoted Nimesh Shah to Partner at the firm. Shah has been at the firm since 2006. Shah sits on the boards of Zyga Technology, Benvenue Medical, Cotera, Miramar Labs, Sequent Medical, and Twelve (Foundry Newco VII). He also is a board member for the San Diego Venture Group, and previously served at Cutlass Capital and Alex. Brown & Sons (now Deutsche Bank).
posted on Wednesday, June 12, 2013(Full story)