Friday, December 6, 2013


Former Vitesse Officials Get Fines, Probation
In what finally puts to bed the long saga of the fall and rebirth of Camarillo-based Vitesse, two of the company's former officers--former CEO Louis Tomasetta and former CFO Eugene Hovanec--have received probation and fines of $30,000 each for their role in a stock options backdating scandal. The ruling, in the U.S. District Court for the Southern District of New York, comes over seven years after the two were suspended from Vitesse, a lengthy investigation by the SEC, and a wholesale industry-w (More info...)
posted on Friday, December 6, 2013(Full story)

Guidance Software Expands In Florida
Pasadena-based forensics and investigation software developer Guidance Software said this week that it has opened up a new facility in Florida, to provide customer training. Guidance said the new facility will provide training on its EnCase security, e-discovery and forensics products. Guidance Software said that the new center will brings it total number of training locations to five in the U.S. and one in London. The company's software is used for everything from law enforcement and government (More info...)
posted on Friday, December 6, 2013(Full story)

Iteris Sets New CFO
Santa Ana-based Iteris said this week that it has named Walter "Chuck" McBride as the company's Chief Financial Officer. The company, which develops traffic management information systems, said that McBride joins the company from SRS Labs, where he had been CFO up until the company's acquisition by DTS last year. McBride has also served at Capstone Turbine, First COnsulting Group, Emulex, Synthetic Genomics, and Kistler Aerospace.
posted on Friday, December 6, 2013(Full story)

Yardi Enhances Property Management Software
Santa Barbara-based Yardi has enhanced the company's flagship property management software, Yardi Voyager, saying it has added a new tool for asset management and inventory control. The company said it has enhanced its Yardi Advanced Maintenance Tool, to allow property managers to schedule, track, and manage preventative, routine, and emergency maintenance of property from their desktop or mobile device. Yardi said the enhanced software also includes a mobile feature to let maintenance managers (More info...)
posted on Friday, December 6, 2013(Full story)