Friday, December 20, 2013DoubleBeam Buys GoPagoPasadena-based payment services provider DoubleBeam said Friday that it has acquired GoPago, a provider of e-commerce solutions for merchants and mobile payment products. Financial terms of the buy were not announced. DoubleBeam said that the deal will help it deliver a turnkey mobile commerce platform that includes an integrated POS system. The deal comes after incorrect rumors that GoPago was being acquired by Amazon.
DoubleBeam CEO Ted Tekippe told socalTECH that it acquired GoPago because (More info...)
posted on Friday, December 20, 2013(Full story)
Transphorm Raises $18M MoreGoleta-based Transphorm, which is developing Gallium Nitride (GaN) power conversion technology which is far more efficient than existing power transformer technology, has raised another $18M in funding, part of an ongoing $20M funding round for the company. The funding was disclosed in a regulatory filing earlier this week. Details on the funding, which came from four investors, have not yet been announced by the company. Transphorm has previously raised funding from Bright Capital, Foundation C (More info...)
posted on Friday, December 20, 2013(Full story)
National Technical Systems To Run iControl Testing ProgramCalabasas-based testing and engineering services provider National Technical Systems will operate the testing lab for certification testing for iControl Networks, according to NTS. NTS said that iControl Networks has selected the company to operate its iControl OpenHome Partner Program Test Facility, which will be based at the NTS Advanced Technology lab in Culver City. NTS said it will be responsible for all of the execution of testing plans for iControl's certification program ZigBee-enabled d (More info...)
posted on Friday, December 20, 2013(Full story)
Sorrento Therapeutics Completes Concortis Biosystems BuySan Diego-based Sorrento Therapeutics has completed its acquisition of Concortis Biosystems, the company announced late Thursday. The deal was worth $11.3M. Sorrento said that the buy provides it with comprehensive antibody drug conjugate technology. Sorrento said the move will help complement its existing development programs. The acquisition had originally been announced in November.
posted on Friday, December 20, 2013(Full story)
textPlus Offers Up Free Holiday CallingMarina Del Rey-based text messaging and calling app provider textPlus announced Thursday that it will offer up free, holiday calling to users through December 26th, as part of a big promotion. According to textPlus, it will offer up free calling to its iOS and Android users, to the contiguous United States, until it has given away 60 million free minutes. The company said the move is part of a way to help its users stay connected during the holidays. textPlus provides free texting, a free phone (More info...)
posted on Friday, December 20, 2013(Full story)
EdgeCast Wins MarketronSanta Monica-based content delivery network provider EdgeCast Networks has scored a win with Marketron, a provider of website and other services to hundreds of radio stations. Financial impact of the deal was not disclosed. According to EdgeCast, Marketron has been using Edgecast to accelerate the delivery of dynamic content on over 500 radio customer websites, handling everything from videos, podcasts, to live streams.
posted on Friday, December 20, 2013(Full story)
DTS To Power New Sharp PhoneCalabasas-based audio processing technology provider DTS said late Thursday that its technology will be incorporated into the newest Aquos Phone product line from Sharp. Financial details of the design win were not announced. DTS provides its surround sound technology to smartphone and other consumer electronics manufacturers.
posted on Friday, December 20, 2013(Full story)