Monday, July 21, 2014CheckAlt Wins Another Credit UnionLos Angeles-based payment processing technology provider CheckAlt has signed up another customer, Energy Capital Credit Union, according to the company. Financial impact of the win was not announced. CheckAlt--which is led by Shai Stern--develops Check 21 payment processing products, used for capture of paper checks and other payment transactions by financial institutions.
posted on Monday, July 21, 2014(Full story)
Dealflicks Raises $1.7MLos Angeles- and San Francisco-based Dealflicks, an online service which offers up discounted movie tickets to help theater chains fill empty seats, has raised $1.7M in a seed funding. The company disclosed Monday that the funding came from 500 Startups, Siemer Ventures, Archer Gray, Rubicon VC, Wefunder, Be Great Partners, Rosepaul Investments, Mogility Capital, Sierra Maya Ventures, and Warner Brothers, along with angels. Dealflicks says it works deals with individual movie theaters to help th (More info...)
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Allergan To Cut 1500 JobsAllergan said this morning that it is cutting 1,500 jobs, or approximately 13 percent of its headcount, as part of a restructuring effort. The cuts come as part it battles an unsolicited takeover bid by Valeant Pharmaceuticals. Allergan has around 2,300 employees in Irvine, where it is headquartered. According to Allergan, the cuts will save the company approximately $475M in calendar year 2014. The cuts will come across its commercial organization, general and administrative functions, manufact (More info...)
posted on Monday, July 21, 2014(Full story)
TrueCar's Scott Painter On Entrepreneurship And IPOsVery few Southern California startups make it from seed funding all the way up through an IPO, and rarely do they do so with their original founder. One of Southern California's big success stories -- from startup, to venture funding, and a recent IPO--is Los Angeles-based TrueCar, which had its IPO in May. We spoke with Scott Painter, CEO and founder of the company--and already a successful serial entrepreneurs--about the journey from startup to public company, lessons learned, and his advice t (More info...)
posted on Monday, July 21, 2014(Full story)
Ayannah Gets $1M MoreAyannah, the mobile payment and remittance startup which is focused on unbanked consumers in the Phillipines and other emerging markets, has raised $1M more in funding, the company disclosed this morning. The startup--which is backed by Siemer Ventures, and has ties to Southern California--receive funding from IMJ Investment Partners, Beenos, Siemer Ventures, and Golden Gate Ventures. Ayannah has offices in Laguna Hills, but is based in Pasiq City, the Philippines.
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Fullscreen Launches Live FestivalLos Angeles-based Fullscreen, the YouTube multi-channel-network (MCN), is going live, saying that it has launched a live, "interactive social festival" which will feature YouTube and Vine stars. Fullscreen says it has tied with festival producer Kevin Lyman and 4Fini, which runs the Warped Tour, to launch INTOUR, a social festival which will feature live performances, music, games, and more from those YouTube stars. The festival will feature such artists as Connor Franta, Ricky Dillon, Jc Caylen (More info...)
posted on Monday, July 21, 2014(Full story)
Broadcom Gets Win In IndiaIrvine-based semiconductor maker Broadcom reported a win today for its cable chipsets, saying that its DOCSIS 3.0 chipset is behind a new broadband deployment in India. Broadcom said its chips are being used by Hathway Cable and Telecom, which Broadcom says is India's largest cable broadband service providers. Financial impact of the deal were not disclosed. The high speed, cable technology is being used for broadband and streaming HD content to devices in the home.
posted on Monday, July 21, 2014(Full story)
Leadbolt Launches Mobile Advertising ExchangeLos Angeles-based Leadbolt, the app discovery and monetization startup led by Dale Carr, said today that it has launched a new mobile ad marketplace. Leadbolt said the new ad exchange is called Leadbolt Connect, and will allow mobile app developers and marketers to to connect on ad campaign offerings. The company said its marketplace will offer more transparency, flexibility and control than traditional blind-networks, with a focus on delivering better quality than RTB platforms.
posted on Monday, July 21, 2014(Full story)
RFaxis Ramps Chip ProductionIrvine-based semiconductor developer RFaxis reports this morning that it has ramped up production of a new chip, focused on the Zigbee and Internet of Things (IoT) market. The company said it is ramping production of its RFX1010 Braodband CMOS RFeIC, which is a CMOS RF Front-end Integrated Circuit (RFeIC) which is used in 802.11ah and ZigBee designs. The company said the chips are aimed at supporting such things as wireless mesh networking products for the Internet-Of-Things and similar designs.
posted on Monday, July 21, 2014(Full story)