Monday, July 7, 2014OpenGate Capital Buys Latin American System IntegratorsLos Angeles-based private equity investor OpenGate Capital reported Monday that it has acquired two, Latin American information technology system integrators. OpenGate Capital said it acquired the shares of Damovo Mexico SA de CV and Damovo Do Brasil SA, from parent the Damovo Group. Financial details of the buy were not disclosed. Both businesses provide Internet Protocol (IP) and Unified Communications (UC) systems integration services across Latin America. OpenGate Capital said the acquisitio (More info...)
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Adtile Technologies Raises $4.5MSan Diego-based Adtile Technologies, a mobile ad technology company led by Nils Forsblom, has raised $4.5M in a Series A funding. The company did not announce the names of investors in the round. The company develops interactive, mobile ads which it says use things like motion capture to make mobile ads more user friendly, meaningful, and engaging. Adtile is the latest incarnation of TenFarms, a mobile app development company
founded by Forsblom.
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Qualcomm, Greylock Return To Back 3D, Room Scanning StartupSan Diego-based Qualcomm Ventures and active Southern California investor Greylock Partners have both put more money behind Matterport, a developer of interior, 3D room scanning technology. Matterport said Monday morning that it has raised $16M in a Series B funding, which included former investors Qualcomm and Greylock Partners, and which was led by DCM Ventures. Other investors in the funding included AME Cloud Ventures, Lux Capital, Felicis Ventures, Navitas Capital, AMD Ventures, Rothenberg (More info...)
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Disney Accelerator Names First ClassThe Disney Accelerator, the startup accelerator backed by Disney and being run by TechStars in Los Angeles, announced its inagural class today, naming eleven companies--including three Los Angeles companies--to participate in the three month program. According to the Disney Accelerator, its first class includes Buzzstarter (programmatic content marketing); Choremonster (mobile platform to make chores fun for kids); Codarica (coding for kids); Cogo (monetizing content); Jogg (video acquisition an (More info...)
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Oculus Buys RaknetIrvine-based virtual reality technology developer Oculus VR--which is now owned by Facebook--has acquired Raknet, a developer of middleware for multiplayer, videogame development. Financial terms of the buy were not disclosed. Raknet (AKA Jenkins Software) is based in Aliso Viejo. Raknet's C++ networking engine is specifically aimed at game developers, helping them to synchronize gameplay across multiple machines and devices.
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How Zadara Is Putting The Enterprise In The Storage CloudWhile Internet and startup companies have widely adopted the cloud for both their computing and storage needs, enterprise companies are only now starting to widely adopt cloud services. However, there's a number of startups--including Irvine's Zadara Storage (www.zadara.com)--which are making easier and easier for enterprises and other businesses to adopt the cloud. We caught up with Nelson Nahum, a longtime storage industry veteran and CEO of the company, to learn where Zadara fits and how it's (More info...)
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Newport Media Acquired By Atmel For $140MLake Forest-based Newport Media, which develops low power Wi-Fi and Bluetooth chipsets, has been acquired by Atmel, in a deal worth $140M in cash. According to Atmel, it will use the buy to strengthen its position in the Internet-of-Things (IoT) market. The deal also includes up to $30M more in earn out, based on future revenue thresholds. NMI offers up both 802.11n Wi-Fi and Bluetooth products, which it has been selling into the industrial, home and building automation, and consumer products ma (More info...)
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ACTIVE Network Moves To TexasIn another blow to San Diego's technology industry, ACTIVE Network, the sports and recreation registration provider, said late Thursday that it is moving its headquarters to Dallas, Texas. According to ACTIVE Network, the transition will take place over the coming year. Active Network said it will continue to maintain a San Diego presence. Followers of San Diego's technology industry will not be surprised by the move, which comes shortly after Active Network went private and was acquired by priv (More info...)
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UST Global Buys Four Companies, Makes InvestmentsAliso Viejo-based UST Global, a provider of IT services and outsourcing, said today that it has acquired four different companies over the past six months expanding its workforce in the US, Asia, India, Europe, and Latin America. The company tsaid the acquisitions included Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies. Financial details of those acquisitions were not announced. UST Global also said it has made six i (More info...)
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