Monday, July 29, 2013Emulex Steals Operations VP From QLogicCosta Mesa-based Emulex said Monday that it has named a new VP of operations. According to the maker of storage and server network products, Perry Mulligan has joined the company as Senior Vice President of Operations. Mulligan was most recently SVP of Operations at crosstown rival QLogic, heading up operations, test engineering, supply chain management, IT and facilities management. Mulligan previously also served at Solectron, Celestica, and Nortel. Emulex develops Ethernet and Fibre Channel-b (More info...)
posted on Monday, July 29, 2013(Full story)
Domain Associates: Fifth Investment With Rusnano From $760M FundSan Diego-based venture investor Domain Associates is reporting today that a fifth company in its portfolio--ReVision Optics--has received funding via its agreement with Rusnano, the Russian state's investment corporation. Revision optics announced a $55M funding round this morning. Domain inked a deal with Rusnano to create a $760 million co-investment partnership, back in March of last year, as it sought to find a way to more reliably provide late stage capital to its portfolio companies. Rusn (More info...)
posted on Monday, July 29, 2013(Full story)
Insights and Opinions: Effective Communication
In our Insights and Opinions section, we feature the advice, opinions, and commentary of leaders in the Southern California technology community. Today, we feature an article from investment banker and investor Ivan Nikkhoo, on why--even in a world where technical skills are highly in demand--communications is just as important.
"You
can change your world by changing your words... Remember, death and
life are in the power of the tongue." -
Joel
Osteen
Have
you ever wondere (More info...)
posted on Monday, July 29, 2013(Full story)
ReVision Optics Gets $55M For Vision TreatmentsLake Forest-based Revision Optics announced this morning that it has raised $55M in a new equity funding, for the company's implantable corneal inlay treatment for presbyopia. The company said the funding included Canaan Partners, ProQuest Investments, InterWest Partners and Domain Associates, as well as new investors Johnson & Johnson Development Corporation (JJDC) and RusnanoMedInvest (RMI). The company said the new funding will provide its with the resources to carry it through the FDA PMA pr (More info...)
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NationBuilder Adds Mac Editing SupportLos Angeles-based NationBuilder, the operator of the online service to help manage political campaigns, nonprofits, government organizations, and business outreach, has bolstered its support for the Mac. The company said over the weekend that it has launched a new Mac app, which helps designers synchronize their templates with the Mac. The company said the new tool, NationBuilder Theme Sync for Mac, helps Mac-based designers edit files on their own machine, rather than using the company's browse (More info...)
posted on Monday, July 29, 2013(Full story)
AeroVironment Gets FAA Approval On Commercial Drone Use
Monrovia-based unmanned aircraft maker Aerovironment said Friday that it has received approval from the Federal Aviation Administration (FAA) for the use of one of its unmanned aircraft for commercial use. AeroVironment's Puma AE small unmanned aircraft--one of the company's hand-launched unmanned aircraft--can now be flown for commercial missions. AeroVironment said its aircraft can be used for things like oil spill monitoring and ocean surveys in the North Slope region of the Arctic.
The (More info...)
posted on Monday, July 29, 2013(Full story)
aTyr Pharma Gets $10M In Venture DebtSan Diego-based aTyr Pharma, a developer of protein-based therapeutics, said today that it has raised $10M in a debt financing round. The funding came from Silicon Valley Bank. According to the company, the new funding will go towards clinical development of its first therapeutic program, which is aimed at treatments of rare autoimmune diseases and a rare disease pipeline in immune disorders. Specific details of the terms of that venture debt were not announced by the company. aTyr Pharma is led (More info...)
posted on Monday, July 29, 2013(Full story)
Local Corporation Sells SpreebirdIrvine-based Local Corporation is abandoning the daily deals market, saying this morning that it has sold its Spreebird daily deals business to nCrowd. Financial terms of the sale were not announced. Local Corporation said that nCrowd has acquired both the Spreebird business and all related assets, as the company has decided to exit from the direct SMB sales market. Local Corporation said it expects the sale will improve earnings and cash flow for the year by approximately $600,000 a year. Local (More info...)
posted on Monday, July 29, 2013(Full story)
Infrascale Ties Into SharePointLos Angeles-based cloud storage provider Infrascale announced this morning that it has connected its enterprise collaboration tool, FileLocker, with Microsoft's popular SharePoint software. According to InfraScale, its FileLocker tools provides encryption and cloud-based sharing of data to customers in SharePoint, including synchronization tools, in-cloud file editing, cloud access to SharePoint files via iPhone/iPad, Android, and Windows Phone, and more. InfraScale offers up a range of software (More info...)
posted on Monday, July 29, 2013(Full story)