Monday, November 18, 2013VerifyInvestor.com Launches Investor Accreditation ServiceA new, Los Angeles startup--VerifyInvestor.com, said Monday that it has launched a new, online accredited investor verification service, which will help startups meet new requirements for funding with the new JOBS Act. The startup, headed by startup industry attorney Jor Law, said its service is aimed at providing a convenient, and cost-effective means to help companies verify whether their investors meed federal standards for accredited investors. The startup said its service uses a double-blin (More info...)
posted on Monday, November 18, 2013(Full story)
Modnique Expands In RussiaRedondo Beach-based Modnique, an online fashion retailer which runs flash sales events on apparel, handbags, kids, and other products, said Monday that it has launched a new site in Russia. The company said the Russian site offers up full Russian language capabilities, local payment options, and more. Modnique says its customer base is 55 percent outside of the United Sates. The company is led by Einaras Gravrock.
posted on Monday, November 18, 2013(Full story)
Xencor Delays IPOMonrovia-based Xencor, the developer of biopharmaceutical technology headed by Bassill Dahiyat, delayed its IPO Friday, citing poor market conditions for the offering. The company had hoped to IPO on the NASDAQ Global Market. The company is backed by MedImmune Ventures, HealthCare Ventures, and others. Despite a frenzied rush towards the IPO market in Silicon Valley, Southern California's own crop of venture-backed companies have not seen nearly the same number of IPOs--although the region has n (More info...)
posted on Monday, November 18, 2013(Full story)
OpenX Hires Four Execs To Bolster Mobile EffortsPasadena-based OpenX said this morning that it has hired four new executives, to help bolster its mobile advertising efforts. The digital and mobile advertising technology and ad network operator said it has added
Rob Kramer as general manager, mobile; Jin Yu as vice president, engineering & chief architect; Laura Buchman as vice president, publisher solutions; and Martin Price as senior director, product. Kramer was previously at Celtra; Yu was at Portaura; Buchman at Mojiva; and Price at Geod (More info...)
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Qualcomm Sets Toq Smartwatch Shipping DateSan Diego-based Qualcomm said today that it will begin shipping its new smartwatch on December 2nd. Qualcomm said its Qualcomm Toq will start shipping on Cyber Monday, and is compatible with Android phones. The new watch is Qualcomm's entry into the emerging smartphone-connected watch market. The watch had been announced in September. The new device features Qualcomm's MEMs displays, Bluetooth audio, and Qualcomm's WiPower wireless charging technology.
posted on Monday, November 18, 2013(Full story)
CareFusion Acquires GE Healthcare Division For $500MSan Diego-based CareFusion announced this morning that it is spending $500M to acquire the Vital Signs division of GE Healthcare. GE's Vital Signs division manufactures single-patient-use consumables for respiratory care and anesthesiology. CareFusion said that Vital Signs has annual revenues of approximately $250M. The company explained the acquisition will help it with its long term growth strategy, help create scale, and increase its presence outside the United States.
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Broadcom Gets Design Win With Smartphone Company In IndiaIrvine-based chipmaker Broadcom announced a design win this morning, with smartphone manufacturer XOLO, which is based in India. According to Broadcom, XOLO is using Broadcom's smartphone platform as the basis of its new Q100 Opus smartphone. Broadcom did not say what the financial impact or expected shipping volumes on the win would be. XOLO's smartphone uses three Broadcom chips--its BCM23550 quad core HSPA+ processor, BCM4334 connectivity combo chip and BCM4752 multi-constellation GNSS locati (More info...)
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ACTIVE Network Names New CEO, Completes Go Private DealSan Diego-based Active Network has appointed a new CEO, and now is officially owned by private equity firm Vista Equity Partners, the companies said Friday. Active Network said it has named Darko Dejanovic as its new Chief Executive Officer, after the completion of the cash tender deal for Active Network on Friday. Dejanovic was previously PResident of ACTIVE Network. The acquisition was worth approximately $1.05 billion.
posted on Monday, November 18, 2013(Full story)