Monday, December 9, 2013Accelrys Buys QUMASSan Diego-based life sciences software maker Accelrys said Monday that it has acquired QUMAS, an Irish developer of cloud-based and on-premise enterprise compliance software for the life sciences industry. Accelrys said it paid approximately $50M in cash for QUMAS, which it says had revenues of $15.2M in 2011 and $19.3M in revenues in 2012. QUMAS develops enterprise software used for regulatory and quality operations in the life sciences and other, highly regulated industries. Accelrys said the (More info...)
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EdgeCast Acquired By VerizonLos Angeles-based content delivery network operator EdgeCast has been acquired by Verizon, to help bolster Verizon's Digital Media Services, Verizon said this morning. Financial terms of the deal were not announced, but the deal is reported to be worth around $390M. Verizon said it will integrate EdgeCasts'a capabilities into its offerings, and will use it to further improve its capabilities. Verizon said it was advised by LionTree Advisors in the deal. Edgecast was advised by Evercore. EdgeCast (More info...)
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Former Napster COO Dies In Bicycle CrashMilton Olin, the former COO of Napster, has died as the result of a bicycle crash early Sunday afternoon involving a police car, according to multiple reports. According to those reports, Olin was struck on Mulholland Highway in Calabasas. Olin served as COO of Napster from 2000 to 2002, and also had previously served at Altschul & Olin LLP, FirstLook.com, Manatt, Phelps & Phillips LLP, Polygram, A&M Records, among other companies. Milton was Napster's COO right before the acquisition of the com (More info...)
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Inktank Links With Server ManufacturerLos Angeles-based storage software developer Inktank has linked up with Servergy, a developer of power optimized, data center servers, to create a platform for large scale storage applications, the two said this morning. According to the two, they have created a combined reference design which uses Inktank's Ceph storage software with Servergy's servers, which can be used as the basis of an expandable, large scale cloud storage platform. Financial details of the link were not announced. Inktank' (More info...)
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Qualcomm Leads Investment In Practice FusionThe venture arm of San Diego-based Qualcomm, Qualcomm Ventures is the lead investor in a new round of funding for healthcare technology company Practice Fusion, the companies announced this morning. Accordin to Practice Fusion, it raised $15M in new funding as part of a Series D extension funding. The round was led by Qualcomm Ventures, and brings Practice Fusion's Series D funding to $85M. Other investors in the round included Longitude Capital, Artis Ventures, Industry Ventures and Band of Ang (More info...)
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Adaptive Medias Buys StartEngine's EmberIrvine-based online advertising firm Adaptive Medias is announcing this morning that it has acquired Ember, one of the companies incubated out of the StartEngine startup accelerator in Los Angeles. Financial terms of the buy were not announced. Ember was a developer of real time, programmatic bidding software for the advertising industry, and used machine learning algorithms and contextual and semantic software engines for online advertising bidding. As part of the acquisition, StartEngine found (More info...)
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Clearlake Capital Rolls Up Three Companies Into Calero SoftwareSanta Monica-based private equity investor Clearlake Capital Group has rolled up three companies into a new company called Calero Software, the company announced today. Clearlake Capital said that Calero is made up of the business operations of Veramark Technologies, PINNACLE, and Movero. The new company will focused on communications expense management, managed mobility services, and mobile device management products. Clearlake did not announce any of the financial details of the rollup, but di (More info...)
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Broadcom Adds Support For Chinese Location Satellite SystemIrvine-based chip maker Broadcom announced a new chip this morning, which supports the new, Chinese BeiDou satellite location system. According to Broadcom it snew BCM47531 Global Navigation Satellite System (GNSS) chip supports GPS, GLONASS, QZSS, SBAS and BeiDou all simultaneously. All of those satellite systems are used for determining a user's location. Broadcom said the addition of BeiDou will help improve its navigation accuracy, particularly in urban settings. China's new location satelli (More info...)
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CareFusion Invests $100M In Israeli CompanySan Diego-based medical device maker CareFusion said this morning that it has invested $100M in an Israeli medical device company, Caesarea Medical Electronics (CME). Caesarea makes infusion pump systems. CareFusion said the investment will give it a 40 percent, minority stake in the Israeli maker of infusion and syringe pumps. CareFusion said that, as part of the investment agreement, it has the right to make additional investments in Caesarea--including becoming the majority owner of CME.
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QLogic Names New CEOAliso Viejo-based server and storage networking equipment maker QLogic said this morning that it has named Prasad Rampalli as its new President and Chief Executive Officer. Rampalli was most recently Senior Vice President, Cross Business Unit Engineering at EMC. As part of the appointment, QLogic said that Rampalli will also join the company's board of directors. Interim CEO Jean Hu will shift back to her position as Senior Vice President and CFO; Hu had been appointed Interim CEO in May. QLogic (More info...)
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ValueClick Partners With TwitterWestlake Villlage-based ValueClick has inked a partnership deal with Twitter, to help marketers reach Twitter's audience through Promoted Tweets and Promoted Accounts, the company announced Friday. According to ValueClick, it is integrating Twitter's services into its 1:1 personalized marketing solution. Financial details of the deal were not announced. ValueClick operates a number of online marketing and advertising businesses.
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