Wednesday, September 17, 2014BeautyCon Raises $5MLos Angeles-based BeautyCon, which organizes conferences and runs a website focused on beauty and fashion as it intersects with online media, has raised $5M in a seed funding round. The funding came from Hearst Corp., Rachel Zoe Ventures, Queensbridge Venture Partners, and other angels. The company is led by Moj Mahdara.
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Metacloud, Eucalyptus, Inktank: SoCal Startups Now Powering The CloudWhere is the future of the cloud being developed? Based on a trio of recent, cloud technology acquisitions by major, Silicon Valley technology powerhouses, that would be Southern California. Three companies--all started in Southern California--have been picked up for their cloud technology over the last few months, including today's acquisition of Pasadena-based Metacloud by Cisco Corp.; the acquisition of Santa Barbara-based Eucalpytus by HP last week; and the acquisition earlier this year of L (More info...)
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Metacloud Acquired By CiscoPasadena-based Metacloud, the provider of Openstack-based, private cloud services, has been acquired by Cisco, Cisco announced Wednesday morning, to help bolster Cisco's cloud infrastructure efforts. Financial terms of the buy were not disclosed. According to Cisco, Metacloud's employees will join its Cloud Infrastructure and Managed Services organization. Metacloud deploys and operates private clouds for enterprise customers, and was led by Sean Lynch and Steve Curry. Metacloud was venture back (More info...)
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Wallaby Extends To Firefox BrowserPasadena-based credit card optimization software developer Wallaby, which is led by Matthew Goldman, has extended its tools to yet another platform, saying this morning that it has launched a new extension for the Firefox web browser. Wallaby said the extension helps users figure out which credit card they ought to use when purchasing products online, using its credit card recommendation engine. The company's software tools help maximize rewards and cash back, depending on a user's specific card (More info...)
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QPID Health Sets Up Office In San DiegoBoston-based QPID Health, a developer of clinical intelligence software for the healthcare market, said it has set up an office in the San Diego area, to tap into the area's talent base. The startup--which is venture backed by Matrix Partners, Cardinal Partners, New Leaf Venture Partners, Massachusetts General Physicians Organization and Partners Innovation Fund--said the new office will be in Carlsbad. The company did not say how many people it intends to employ at the new location. The new off (More info...)
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Microsemi Corporation Completes Centellax BuyAliso Viejo-based semiconductor developer Microsemi said late Tuesday that it has completed its acquisition of Centellax, the developer of high speed, analog and RF semiconductors. Financial details of the buy were not disclosed. Microsemi had announced the acquisition on September 10th. Centellax sold its products to the Ethernet and optical networking market.
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Cornerstone OnDemand Foundation Launches New Nonprofit SiteSanta Monica-based Cornerstone OnDemand Foundation, the nonprofit arm of talent management software developer Cornerstone OnDemand, said this morning that i thas launched a new online learning and social networking site for nonprofits. According to the group, its new NonprofitReady.org site provides professional development courses and training to nonprofit professionals, with a library of e-learning courses, videos, webinars, and more featuring organization and experts in the nonprofit sector. (More info...)
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Unitas Global Names New CEOLos Angeles-based enterprise cloud provider Unitas Global said this morning that it has named Patrick Shutt as its new CEO. Shutt was the cofounder of Universal Access, and also co-founded 20/20 Technologies (now Global Capacity). Current CEO and founder Grant Kirkwood becomes Chief Technology and Strategy Officer. Unitas Global provides fully managed private cloud services to enterprises; the company's backers include Azure Capital and MK Capital.
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Denovo Biopharma Buys Drug From Eli LillySan Diego-based biopharmaceuticals firm Denovo Biopharma said Tuesday that it has acquired a cancer drug from Eli Lilly and Company. According to Denovo, it acquired the late stage oncology drug enzastaurin from Eli Lilly, gaining all rights to develop, manufacture and commercialize enzastaurin globally, including transfer of all intellectual property and other rights, data, and information. Financial details of the buy were not disclosed.
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