Monday, June 9, 2014Media Temple Parent GoDaddy Files For IPOGoDaddy, the parent company of Los Angeles premium website hosting service Media Temple, has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. GoDaddy said it is looking to raised up $100M in its IPO, which is being underwritten by Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. Scottsdale, Arizona-based GoDaddy has not yet selected an exchange. The company reported a (More info...)
posted on Monday, June 9, 2014(Full story)
Washio Adds $10.5M For Laundry Pickup and Delivery Via SmartphoneSanta Monica-based Washio, which operates a smartphone driven, laundry and dry cleaning pickup and delivery service, said today that it has raised $10.5M in a Series A funding round. The funding came from Canaan Partners, and also included A Grade Investments, Pejman Mar Ventures, Sherpa Ventures, and Jerry Yang (Yahoo). The company--think "Uber for laundry"--let users request that their dirty laundry be picked up and washed. The company has now raised North of $13M in funding, including an earl (More info...)
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Nearly Half of U.S. Households Have TVs Connected To Internet, Says ReportNearly half of all U.S. househousehold now have their televisions connected to the Internet, and nearly that many have a subscription to Netflix, Amazon Prime, or Hulu Plus, according to a report issued Friday. The report--from the Leichtman Research Group--said that 49% of all US households have at least one television set connected to the Internet via a video game system, Blu-ray player, smart TV set, and/or stand-alone device. That's up from only 38% in 2012. Plus, that report found that 47% (More info...)
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How Jukin Media Is Turning Viral Video Into A Real BusinessViral videos are great -- attracting millions and millions of views, and spreading far and wide--but how do you monetize those viral videos? And, even more, how do you manage to jump on the viral video train, and keep those viral hits coming again and again? Los Angeles-based Jukin Media (www.jukinmedia.com) thinks it has figured that out, and instead of trying to create viral videos, has been buying up the rights to those videos--before they really go viral--to create not just a one-hit, viral (More info...)
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OpenX Launches New ProductLos Angeles-based online advertising technology developer OpenX Technologies said this morning that it has launched a new product, the OpenX SSP (Supply Side Platform). According to OpenX, the new product combines real-time-bidding (RTB) and ad network demand into a single auction system, which can help publishers maximize their advertising yield and increasing competition for their inventory. OpenX said that such customers as YP, TVGuide.com, and the New York Observer are already using the prod (More info...)
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Kurion Wins Another Contract At FukushimaIrvine-based Kurion, the developer of nuclear cleanup technology, reported another win over the weekend at Fukushima Daiichi. According to the company, it has been awarded a contract by Tokyo Electric Power Company (TEPCO) to deliver a system to remove strontium from tank water at the damaged Fukushima Daiichi Nuclear Power Plant. Financial impact of the win was not announced. Kurion's mobile system will be used to help remove strontium from hundreds of on-site tanks with contaminated water. Kur (More info...)
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Cohu Sells Video Camera BusinessPoway-based Cohu said late last week that it has completed its previously announced sale of its video camera business, Cohu Electronics Division. Cohu sold the division to Costar Technologies in an asset deal. Financial details of the sale were not announced. Cohu is a developer of equipment for the semiconductor industry.
posted on Monday, June 9, 2014(Full story)
CardiAQ Sues NeovascIrvine-based medical device manufacturer CardiAQ Valve Technologies, which develops mitral valves used for heart surgery, has sued Neovasc, claiming fraud, misappropriation of trade secrets, breach of contract, and unfair and deceptive trade practices. CardiAQ said it is seeking to enjoin Neovasc from further developing and commercializing its technology, which it says is based on CardiAQ's trade secrets and know-how. The two apparently had been partnered in a development project back in 2009, w (More info...)
posted on Monday, June 9, 2014(Full story)