Thursday, May 22, 2014Flywheel Expands Into Orange CountyFlywheel, one of a number of mobile app developers offering up smartphone-driven, transportation-on-demand in Southern California, said this week that it has now expanded to Orange County. The company--which launched its Uber-style, mobile app in Los Angeles in August of last year--said it now offers up service in Irvine, Newport Beach, Huntington Beach and Costa Mesa, among others. The expansion is part of a national expansion by the company, which also included expansion in Oklahoma City, Flor (More info...)
posted on Thursday, May 22, 2014(Full story)
True(X) Media Finds $6MLos Angeles-based True(X) Media--which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round. The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. The name change for SocialVibe is at least the fourth rebranding/renaming/refocusing of the company since inception, having swapped its name from Archetype Media to SocialVibe, then switch (More info...)
posted on Thursday, May 22, 2014 (More)(Full story)
ISSC Acquired By Microchip TechnologyISSC Technologies Corporation, a Taiwanese Bluetooth technology developer which has operations in Torrance, California, has been acquired by semiconductor and microcontroller company Microchip Technology, the two announced today. Microchip said it would pay approximately $328.5M in cash for ISSC, which has customer service and research activities in Torrance, in addition to headquarters in Taiwan and other facilities in Shenzhen, China. ISSC's low power Bluetooth and other wireless products incl (More info...)
posted on Thursday, May 22, 2014(Full story)
NetZero Rolls Out Broadband Efforts To Retail LocationsWoodland Hills-based NetZero Wireless, the wireless broadband, which is part of United Online, said this week that it is rolling out a retail effort. NetZero Wireless said it has teamed up with Volante Mobile, a master agent for mobile products and services where NetZero's mobile and home wireless broadband products will be made available in 1,500 wireless retail locations in Texas, California, and Florida. Financial impact of the deal were not disclosed. Previously, NetZero had only offered up (More info...)
posted on Thursday, May 22, 2014(Full story)
Vivendi Cuts Stake In Activision BlizzardSanta Monica-based videogame publisher Activision Blizzard announced late Wednesday that Vivendi S.A. is planning to sell 41,499,689 shares of Activision Blizzard common stock, in a public offering. Those shares represent half of Vivendi's stake in Activision Blizzard, and is worth around $866M. According to Activision Blizzard, the offering is being run by Barclays and Credit Suisse. Vivendi had said in July of last year that it would be selling the stake in Activision Blizzard, part of a wider (More info...)
posted on Thursday, May 22, 2014(Full story)
Zadara Signs Distance Learning Company For Cloud StorageIrvine-based Zadara Storage, the developer of enterprise, cloud-based storage products led by storage veteran Nelson Nahum, reports a win this morning with distance education and learning company Echo360. Zadara Storage said that Echo360 is rolling out a new, cloud-based infrastructure for its solution, based on Zadara's cloud storage as a services running over Amazon Web Services. Zadara's cloud-based storage products helps companies used cloud storage as if they were in-house, enterprise stora (More info...)
posted on Thursday, May 22, 2014(Full story)
ACTIVE Network Signs Up Two YMCAsSan Diego-based sports activity registration and software provider ACTIVE Network reported two wins today at YMCA centers. ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company's ACTIVE Net cloud platform. That software helps organizations with managing facility booking, memberships, communications, and running community programs. Financial impact of the two wins were not announced.
posted on Thursday, May 22, 2014(Full story)
Ixia Gets Another Nasdaq Delisting WarningCalabasas-based network testing equipent and software developer Ixia reported late Wednesday that it has received yet another warning from the NASDAQ Stock Market, related to its late filing of its quarterly report for the quarter ended March 31, 2014. The warning letter comes as ixia looks to fend off a delisting of the company's stock. Ixia said it has requested a hearing wih the Nasdaq Listing Qualification Panel on June 12th, to present a plan to regain compliance with the NASDAQ listing rul (More info...)
posted on Thursday, May 22, 2014(Full story)
Voxox Names Systems Engineering VPSan Diego-based Voxox, which supplies cloud-based communications and phone services, reports this morning that it has named Shravan Kumar as its new Vice President of System Engineering. Kumar joins the company from Mavenir Systems, and also has served at Sonus, Motorola, and Telesoft. THe firm said Kumar will lead optimization of systems design and technical solution requirements for the company.
posted on Thursday, May 22, 2014(Full story)