Tuesday, April 8, 2014Sequent Medical Snags $20MAliso Viejo-based Sequent Medical, which is developing medical devices for treating aneurysms, said Tuesday that it has raised $20M in a Series D funding. The funding was led by Delphi Ventures, and also included Domain Associates, US Venture Partners, and Versant Ventures. Sequent said the funds will go towards its US clinical studies and to broaden its product portfolio. The company has now raised more than $67.0M in funding.
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Frequency Debuts New Video Management ServiceLos Angeles-based Frequency, the video publishing software provider headed by Blair Harrison, has launched a new product, saying at NAB that it has launched Frequency Sync, which helps users publish their videos across the company's range of video applications. Frequency said the new tool let users create and program channels, manage in-stream video advertising, and get detailed analytics on videos across all of its apps. Frequency provides apps on the iPhone, iPad, Amazon Fire TV, the web, and (More info...)
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Questcor Acquired For $5.6 BillionPublicly held pharmaceuticals firm Questcor has been acquired for $5.6 billion by fellow pharmaceuticals maker Mallinckrodt Pharmaceuticals, the two said late Monday. Mallinckrodt will pay $30.00 in cash and 0.897 of its shares for each share of Questcor's common stock. Questcor had sales of $799M during calendar year 2013. The companies did not say how the acquisition will affect Questcor's employment base in Orange County. Questcor is headquartered in Anaheim.
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Ingram Micro Invests In ParallelsSanta Ana-based technology distributor Ingram Micro has made an investment in cloud hosting software developer Parallels, the company said this morning, as part of a strategic deal between the companies. According to the two, Ingram Micro has selected Parallels Automation as its "core cloud services platform", where Ingram Micro will use Parallels' software for a new "Cloud Marketplace". That new marketplace revolves around letting companies deploy private, public, and hybrid cloud services, and (More info...)
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Teledyne Buys Photon MachinesThousand Oaks-based Teledyne Technologies said last week that it has acquired Photon Machines, a developer of laser-based, laboratory instrumentation. Financial terms of the buy were not disclosed. Teledyne said the acquisition was made through its subsidiary, Teledyne Instruments. Photon Machines was based in Bozeman, Montana. Teledyne is a diversified provider of electronics instrumentation, aerospace, defense electronics, engineering services and systems, and other products and services. Its (More info...)
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TYLT Labs' New Seed Fund And The Promise Of Silicon Beach
There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. However, that's slowly starting to change, as investors have started to realize the opportunities in the area, and have started setting up operations here to tap into the wealth of startup talent. Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focu (More info...)
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Atara Biotherapeutics Bolsters Board, ExecutivesThousand Oaks-based drug development company Atara Biotherapeutics announced this morning that it has added Matthew K. Fust as a board member, and hired Mitchall G. Clark as its Chief Regulatory and Quality Assurance Officer. Fust was most recently EVP and CFO at Onyx Pharmaceuticals, and als ohas served at Jazz Pharmaceuticals, Perlegen Sciences, and ALZA Corporation. He also serves on the boards of MacroGenics, Sunesis Pharmacueticals, and Ultragenyx Pharmaceuticals. Clark was previously at Na (More info...)
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Levine Leichtman Sells Luminator Technology GroupLos Angeles-based private equity investor Levine Leichtman Capital Partners said Monday that it has sold its portfolio company Luminator Technology Group (LTG) to Audax Group. Financial terms of the sale were not disclosed. Levine Leichtman has owned Luminator Technology Group since 2010. Luminator Technology Group provides lighting and display systems for the bus, rail, and aerospace passenger industry. LTG was advised by Robert W. Baird & Co. and Gotshal and Manges LLP in the deal.
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Karmacoin Takes On Virtual Currency Tipping Via TwitterLos Angeles-based Karmacoin has rolled out a new, virtual currency, and a service to let users "tip" and reward other users using Twitter. According to the company, its new service lets anyone send other people its digital currency on Twitter, with the idea that people can pay for micro content and make micro donations using the popular social networking and communications service. Karmacoin explained that it is a digital currency like Bitcoin, with a specific aim at the "good economy". Currentl (More info...)
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Semtech Gets Design Win With French CompanyCamarillo-based analog and mixed signal semiconductor provider Semtech reports a design win this morning, with French company KERLINK M2M Technologies. According to Semtech, KERLINK is using its long range LoRa technology for a machine-to-machine (M2M) gateway. Financial impact of the win was not announced. KERLINK's gateway helps connect machine-to-machine sensors located up to tens of kilometers away; the companies said the product is designed to connect sensors, meters, and other connected de (More info...)
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Zadara Storage Expands in AustraliaIrvine-based cloud storage provider Zadara Storage said today that it has expanded its service in Australia, after the deployment of its product by partner SerenITaaS. According to Zadara, the company's solution is being deployed in Amazon's AWS Asia Pacific (Sydney) region, and becomes the tenth global data center running its service. Zadara's cloud storage service and software uses commodity cloud storage for supply9ing enterprise storage.
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