Wednesday, February 19, 2014Corent Technologies Finds $3.0M For SaaS EnablementAliso Viejo-based Corent Technologies, the developer of software which helps turn corporate applications into software-as-a-service, has raised another $3.0M in funding, according to a regulatory filing from the firm Wednesday. Details on the funding have not yet been announced by the company. Corent, which is led by Feyzi Fatehi, develops software used by companies to easily transition their .NET software applications to the software-as-a-service model, short cutting the time it takes for conve (More info...)
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Snapchat Steals Away Engineering Director From GoogleVenice, California-based social media app developer Snapchat has made a significant, high visibility hire, saying this week that it has hired Peter Magnusson, a former engineering director from Google, as its new Vice President of Engineering. The high profile hire comes as Snapchat ramps its recruiting efforts. Snapchat said it is looking to hire as many as 50 engineers this year, a huge growth from just fifteen developers now at the company.
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MaintenanceNet Gets Private Equity FundingCarlsbad-based MaintenanceNet, which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. Size of the funding round was not announced. MaintenanceNet said the company will receive a "substantial" investment aimed at furthering its worldwide operations, technology development, and other efforts. MaintenanceNet's software helps companies manage service and mai (More info...)
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Sidecar Rolls Out Beta Beyond LA, Raises $10MRidesharing app developer Sidecar said today that it has extended the rollout of its new version of its app beyond Los Angeles and Chicago, and has raised $10M in a new funding round. The Bay Area startup--which has been testing a new version of its app here in Los Angeles for the last three weeks--said its new app re-launches the company as a "mobile transportation marketplace", letting drivers set their own prices for rides, and letting riders select which drivers they want based on vehicle, r (More info...)
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Los Angeles Real Estate Agents Throw Wrench Into Online Real EstateIt looks like the war between the old and the new continues to rage on in Los Angeles, as the city--already the center of the fight between taxi drivers and ridesharing services like Uber, Lift, and Sidecar--is now the center of a storm between real estate agents and online real estate sites like Zillow, Trulia, and REALTOR.com.
According to the Combined Los Angeles/Westside MLS (CLAW), the group which handles all of the real estate listings for local Los Angeles agents, it is clamping down o (More info...)
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QLogic Buys Ethernet Line From Broadcom In $147M DealAliso Viejo-based storage networking hardware provider QLogic is moving further into the Ethernet market, via the purchase of an entire line of Ethernet hardware from Irvine-based Broadcom, the two said late Tuesday. According to the companies, QLogic will pay $147M in cash for certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to certain intellectual property which are related to Broadcom's NetXtreme II Ethernet controller family. In addition, the two companies sa (More info...)
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Shopzilla Buys ConnexityLos Angeles-based Shopzilla, the online comparison shopping site owned by Symphony Technology Group (STG), announced today that it has acquired Ventura-based Connexity, the programmatic media buying company led by Dave Gross. Financial terms of the buy were not disclosed. According to Shopzilla, it will use the acquisition of Connexity to help bolster Aisle A, its "Audience Activation" division. Shopzilla said that Connexity's entire team will be joining Aisle A. Connexity was venture backed by (More info...)
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OpenX Names Fuelling CFOLos Angeles-based OpenX appears to be continuing to bolster its executive ranks--and a possible IPO bid--with the naming of Tom Fuelling, the former CFO of Hulu, as its Chief Financial Officer this morning. According to OpenX, it has appointed Fuelling to the post of Chief Financial Officer, to oversee the company's accounting, financial planning and analysis, and talent and organization functions. Fuelling helped launch Hulu, having been one of the original executives at the streaming televisio (More info...)
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Hulu Names New CTOLos Angeles-based streaming television provider Hulu said Tuesday that it has named Tian Lim as its new Chief Technology Officer. Lim was most recently SVP of Product Engineering at Sony Network Entertainment International, heading up that company's team which provided client and service engineering for the PlayStation Store on the web, PS3 and PS4. He also served at Microsoft, leading development on Xbox Live, the Xbox 360 operating system, and Kinect. Hulu said that Lim replaces Brad Suter, wh (More info...)
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Nativo Signs Up Major Newspaper GroupsLos Angeles-based native advertising technology provider Nativo, which is led by Justin Choi and is venture backed by Greycroft Partners, e.ventures and Signia Venture Partners, has signed up five major newspaper groups as customers, the company reported Tuesday afternoon. Nativo said that Hearst Newspapers, the McClatchy Company, Gatehouse Media, Schurz Communications, and Sandusky Newspapers have all selected the firm as a native advertising provider. Financial impact of the wins was not annou (More info...)
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Boingo Scores Win With Dubai AirportsLos Angeles-based Wi-Fi networking provider Boingo Wireless is in another big airport Wi-Fi access deal, reporting this morning that it has scored a win with Dubai Airports to supply Wi-Fi at both Dubai International (DXB) and Al Maktoum International at Dubai World Central (DWC). Financial details of the win were not disclosed. BOingo said it will be the exclusive Wi-Fi provider at both airports, providing ad-supported Wi-Fi at the two airports. Boingo said the two airports serve a total of mor (More info...)
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Lynda.com Launches Android AppInterested in improving your skills in web design or photography while on the go? Fans of online, video site lynda.com now have the option to access that company's extensive library of video tutorials on the go, through a new Android app, the company said this morning. Lynda.com said its new, free app allows its members to access its entire library of video courses, letting users access more than 110,000 videos across the 2,400 courses available through the site. Lynda.com offers up a library of (More info...)
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