Tuesday, February 11, 2014Google Executive Chairman Buys House In LA, Says ReportIn the latest Silicon Valley mogul to buy a house in Los Angeles, Google chairman Eric Schmidt has reportedly purchased a $22 million house in Los Angeles in the Holmby Hills. The report--from the New York Post--says that Schmidt bought the former Los Angeles estate of Veronique Peck, late wife of Gregory Peck. If true, the purchase is just the latest in a long string of Silicon Valley moguls purchasing a second home in LA. Elon Musk--who splits his time between Los Angeles and Silicon Valley-- (More info...)
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Laffster Becomes CogoSanta Monica-based comedy site Laffster said Tuesday that it has rebranded itself as Cogo, as part of a move by the company to expand beyond comedy. According to the company--led by Daniel Altmann--it is now expanding into other entertainment verticals, with the aim of connecting artists and fans with projects and causes. The company said it will let actors, authors, musicians and athletes use its service to help raise money, via providing personal items for sale, or otherwise engaging fans. Cog (More info...)
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Interlink Electronics Expands In the UKCamarillo-based Interlink Electronics said Tuesday morning that it has opened up a new subsidiary in the United Kingdom, as part of an expansion in Europe. According to the company--which develops touchpads, force sensors, position sensors, and other related technology--it has named Neil Jarvie as Vice President of Global Sales and Business Development--as part of the establishment of Interlink Electronics Europe Limited. Jarvie was most recently at Peratech Limited, and also had been at Cypress (More info...)
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Cheers, Brady Bunch Land On HuluIn yet another expansion of content on Hulu Plus, the subscription television streaming service from Los Angeles-based Hulu, the company said Monday that it has licensed over 5,300 episodes of programming from CBS, including Cheers, Taxi, The Brady Bunch, Melrose Place, and other television series. Financial details of the multi-year, licensing agreement were not announced by the companies. Other series covered in the deal are Everybody Loves Raymond, Laverne & Shirley, Ghost Whisperer, and Unde (More info...)
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Peter Marx: How A Tech Insider Can Improve The City Of LAIn government, there's often superficial talk about adopting technology and working with industry--most of which is out of sync with the actual technology industry and reality, and is more window dressing than anything else. However, in a very unusual move, the City of Los Angeles has tapped a true technology veteran and insider, well known to those here in the industry--Peter Marx, most recently at Qualcomm--to head up the city's efforts to both adopt technology and improve the city's relation (More info...)
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j2 Global Buys Two Australian CompaniesLos Angeles-based j2 Global said this morning that it has acquired the Internet fax business of two different, Australian service providers, as it continues to gobble up Internet service providers. According to j2 Global, it has acquired the Internet fax businesses of Sydney-based OzeFax and Brisbane-based Faxmate this morning. Financial terms of the two acquisition were not announced. j2 said the buy is not expected to be material on its finances. j2 Global owns a vast number of Internet fax, v (More info...)
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Virgin America Taps LA Startup For In-Flight Social NetworkVirgin America said this morning that it has launched a brand new, in-flight social network, based on a mobile app from Los Angeles startup Here on Biz. According to Virgin America, it has launched an in-flight social network which is aimed at helping to connect fellow business travelers on its flights, via the free Here On Biz app. Virgin America said the app will help guests connect in the air with other guests and also on the ground at the company's lounges and terminals. Financial details of (More info...)
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Cadence Pharmaceuticals Acquired For $1.3 BillionSan Diego-based Cadence Pharmaceuticals, a biopharmaceuticals firm developing an intravenous formulation of acetominophen for treating pain, has been acquired by Irish biopharmaceuticals firm Mallinckrodt, in a deal worth $1.3 billion. Mallinckrodt said it will pay $14.00 per share in cash for Cadence Pharmaceuticals. Cadence is expecting revenues of $110.5M for calendar year 2013. The companies said that, as part of the deal, funds affiliate with San Diego's Domain Associates, as well as Cam L. (More info...)
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Cornerstone OnDemand Links With DeloitteSanta Monica-based talent management software developer Cornerstone OnDemand said today along with Deloitte, that the two are in a new, strategic global relationship with Deloitte's human capital management consulting practice. Financial terms of the arrangement were not announced. The two said they will collaborate globally on large, complex engagements using Cornerstone's cloud-based, talent management software. Cornerstone's cloud-based software is used for training, recruiting, managing new (More info...)
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NeuroSigma Names VPLos Angeles-based NeuroSigma, a life sciences firm developing systems for the treatment of epilepsy and major depressive disorder, said today that it has named Carl Adams as Vice President and Controller. Adams was previously at advisory firm TAC Solutions, and also served as Senior Manager, Assistant Director and Director for SEC Reporting and Corporate Accounting at Amgen, and was a Senior Manager at Ernst and Young LLP.
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