Monday, October 21, 2013Gumiyo Acquired By Talus LabsLos Angeles-based mobile software developer Gumiyo has quietly been acquired by fellow Los Angeles company Talus Labs, a developer of a platform used for selling digital products
to local businesses. Financial terms of the buy were not announced. The acquisition actually occurred in Q2 of this year, but was not formally announced. Gumiyo's team has already been integrated into Talus Labs. Talus Labs is backed by Blackstone Capital. Gumiyo co-founder Shuki Lehavi said the Talus saw an opportunit (More info...)
posted on Monday, October 21, 2013(Full story)
Microsemi Buys SymmetricomAliso Viejo-based semiconductor developer Microsemi announced Monday that it has acquired Symmetricom, a San Jose-based developer of timing and frequency components. According to Microsemi, it will pay $7.18 per share--or approximately $230M--for Symmetricom. Symmetricom's chips are used in GPS satellites, for atomic clocks and timekeeping standards, the power grid, and many other applications. Microsemi said the deal is a 49 percent premium based on average closing price of Symmetricom during t (More info...)
posted on Monday, October 21, 2013(Full story)
Vicente Capital Invests In Wireless Software CompanyLos Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions, a Canadian company providing in-building wireless design software. Financial details of the investment were not announced. Vicente Capital said that its Growth Equity Fund, jointly with Farol Asset Management, acquired a "significant" equity interest in iBwave, which is based in Montreal, Canada. iBwave said it has over 500 clients worldwide, including all of the tier-1, (More info...)
posted on Monday, October 21, 2013(Full story)
Insightra Medical Gets Funding For Medical DevicesIrvine-based Insightra Medical, the developer of a medical device used for treating hernias, has raised a Series C financing round, the company announced this morning. Size of the round was not announced. The funding was co-led by Baird Capital, and also included Tekla Capital Management. The company said that Michael Liang from Baird Capital and Frank Gentile from Tekla will both join the company's board as part of the funding. The funds go towards product development, sales force growth, and i (More info...)
posted on Monday, October 21, 2013(Full story)
Marlin Equity Partners Buys Tellabs For $891MLos Angeles-based private equity investor Marlin Equity Partners is acquiring Tellabs, a provider of mobile backhaul, optical networking, and other products for the telecommunications networking market, in a deal worth $891 million. According to Marlin Equity, it will pay $2.45 per share in cash for Tellabs, which is currently listed on the NASDAQ as TLAB. Marlin Equity said the price is a premium of 4.3 percent over Tellabs share price on Fiday, and 28.9% over the company's 52-week low closing (More info...)
posted on Monday, October 21, 2013(Full story)
Arcturus Therapeutics Gets $5MSan Diego-based Arcturus Therapeutics, a developer of RNAi technology, said it has raised $5M in a Series A funding round. According to Arcturus, the funding came from multiple private capital,, high net worth investors from Canada, Japan, and the United States. Names of those capital sources were not announced. The company said the new funding will go towards recruiting a team to expand its operations and to work on its lead clinical candidate. The company is co-located with Janssen Labs in La (More info...)
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PowerGenix In Evaluation With Offroad Products Firm HELLASan Diego-based advanced battery technology developer PowerGenix said today that it has signed a product evaluation contract with offroad products manufacturer HELLA. According to PowerGenix, HELLA will conduct real-world, vehicle tests to evaluate its Nickel-Zinc (NiZN) batteries, to meet high power requirements of 48-volt, mild hybrid systems. Financial impact of the deal was not announced. PowerGenix is developing NiZn batteries which it says outperforms both lead acid and nickel-metal hydrid (More info...)
posted on Monday, October 21, 2013(Full story)
NanoH2O Plans Manufacturing Plant In ChinaEl Segundo-based NanoH2O, the venture-backed developer of reverse osmosis membranes for seawater desalination, said Sunday that it plans to build a manufacturing facility in Liyang, China. According to NanoH2O, the new facility will be its second manufacturing facility, and is in addition to its existing plant in Los Angeles. NanoH2O said the new plant will cost a total of $45M, and be operational by the end of 2014. NanoH2O said the new plant will go towards supplying its products in the Chines (More info...)
posted on Monday, October 21, 2013(Full story)
uSamp Names New Marketing VPLos Angeles-based uSamp said last week that it has named Andy Jolls as its new Senior Vice President of Marketing. According to uSamp, Jolls comes from Zumbox.com, where he was SVP of Consumer Marketing. Jolls also has served as Chief Marketing Officer at Cooking.com, and served at MyFICO.com, Move, Black Sun Interactive, Apple, Hewlett Packard, and Technomic. uSamp is a provider of sampling and polling services and technology, used by marketers for market research.
posted on Monday, October 21, 2013(Full story)
ChromaDex Gets Strategic InvestmentIrvine-based ChromaDex, a publicly held developer of phytochemical ingredients, said it received a strategic investment from DSM Venturing, the venture capital arm of Royal DSM. Size of the investment was not announced. Royal DSM is a major life sciences and material sciences company with operations in the food, dietary supplement, pharmaceuticals, and many other industries. ChromaDex provides ingredients for the dietary supplement, food, beverage, cosmetic, and pharmaceuticals market.
posted on Monday, October 21, 2013(Full story)