Monday, January 5, 2015Oversee.net Sells Off DomainFestLos Angeles-based Oversee.net has sold off its flagship, domain name industry conference, DomainFest, as the compny continues to diversify away from its roots in the domain name management market. DomainFest has been acquired by Namescon, which operates the domain name conference of the same name, according to Namescon, which had announced the deal to DomainFest attendees last week. Financial terms of the acquisition were not disclosed. Namescon said it has incorporated Domainfest into a day at (More info...)
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Pasadena Angels Racked Up Four Exits, Closed 17 Deals in 2014The Pasadena Angels, one of the most active organized angel investment groups in the Los Angeles area, released some details on the groups' 2014 performance over the holidays, saying that it saw a total of four exits--including a $100M exit over at Bluebeam--and closed 17 deals during the year. The group said it provided $4.7M in new funding for its portfolio companies. The group said the 17 deals it completed during the year were split into 10 new investments, and 7 follow on rounds. Among othe (More info...)
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DivX Acquired By NeuLion For $62.5MSan Diego-based DivX is changing hands, once again, and has been acquired by streaming video technology provider NeuLion, the two companies said Monday, in a deal worth $62.5 million, split between $37.5M in NeuLion stock and a $25M convertible note. NeuLion said that DivX had an estimated GAP unaudited revenues of $10.8M for the six months ended September 30th. DivX had been owned b Parallax Capital Partners and StepStone Group, which acquired DivX in April of last year for $75.0M. Prior to th (More info...)
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Epicor Completes ShopVisible BuyEpicor, the big enterprise software developer which has extensive operations in Orange County, said Monday that it has completed its acquisition of ShopVisible, the developer of e-commerce and order management software. The deal had been announced originally on December 11th. No financial details of the acquisition deal have been announced by either of the companies. Epicor is using the acquisition to bolster its ecommerce offerings for the midize and large retail market.
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Spotlight Ticket Management Becomes TicketManager, Plans HiringCalabasas-based Spotlight Ticket Management, the venture-backed startup which helps companies manage their corporate sports and entertainment tickets for big brands like Coca Cola, Google, Comcast, and many others, has renamed itself Ticketmanager, the company said today. Ticketmanager is venture backed by Point Judith Capital and Coyote Ridge Ventures, and raised a $6M funding round earlier in 2014. TicketManager is led by Tony Knopp. Ticketmanager helps companies manage, track, distribute, buy (More info...)
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Belkin's Wemo Expands Home Automation LineupPlaya Vista-based Belkin is significantly expanding its ecosystem of its Wemo connected home devices, with the introduction of a number of addition Wemo-enabled devices at CES--including Wemo Water, which uses a single sensor attached to a water pipe in your home to track water usage across the house; door and window sensors to monitor if anyone has left a door and window open in your home; a key fob sensor which can track people and pets throughout the home; an alarm monitoring device which lis (More info...)
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What I Learned in 2014: Kevin Winston
Over the last couple of weeks, we've featured a number of reflections on the year from movers and shakers in the local high tech community. Our last (belated) one is from Kevin Winston, the founder of Digital LA, the big networking group which helps to connect Silicon Beach through an extensive lineup of events.
What was the most significant event for you or your company this year?
I like events. As founder of Digital LA, I run one to two tech events every week bringing together tech, (More info...)
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j2 Global Buys Eight CompaniesLos Angeles-based j2 Global has stepped up the pace of its acquisitions, saying this morning that it acquired eight companies in December in the cloud and media areas. The company--which has had a ravenous appetite for cloud services companies--said it acquired Scene LLC,/b>, Newrise Corp., Arion IT Limited, Technology Partners LLC, Quantum RBS Inc., Comendo Security A/S, Stay Secure, and TestudoData LLC. Scene is in the media business, Newrise in the online fax business, Arion IT, Technology Pa (More info...)
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Viper Connects Your Car With Apple Watch, Android WearHave you ever wished you could make your car--yes, your car--a smartphone-connected, smart device? A local company has just rolled out a new product which lets you start, lock, unlock, and track your car from your Android Wear or Apple Watch. Automotive accessory firm Viper, which is based in
Vista, said today that it is rolling out a new set of apps for Android Wear and Apple Watch, which will do exactly that. The company says it actually has been shipping smartphone apps and associated hardwa (More info...)
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GlySens Raises $12M For Diabetes MonitoringSan Diego-based GlySens said today that it has raised $12M in a Series C funding round, for the company's continuous glucose monitoring systems for people with diabetes. The company said the funding came from both new and returning investors. Name of those investors were not disclosed. GlySens, which is led by Joseph Lucisano, said the funding will go towards further development of its continuous glucose monitoring systems. GlySens' devices include an implantable sensor with one year battery lif (More info...)
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Linksys Adds Wireless Router, Range ExtendersIrvine-based networking product developer Linksys said this morning that it has released a network router, along with other products for its WRT product family. Linksys said the new WRT1200AC router includes a built in network storage bay and dual band, high gain antennas; Linksys also rolled out a new MIMO router and two, networking range extenders which can be used to help extend out Wi-Fi coverage. All of the products are expected to hit shelves in spring of 2015. Among the new products are (More info...)
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Universal Electronics Wins Deal With ComcastSanta Ana-based UEI reported a win this morning with Comcast, saying that it will supply voice remote controls for Comcast's XFINITY services. Financial details of the agreement were not announced. Universal Electronics said it has already been a supplier of remote controls, remote control technology, and other services to Comcast. The new remote controls apparently include voice commands to change channels and search for shows, over-the-air firmware updates, and other features for Comcast's set (More info...)
posted on Monday, January 5, 2015(Full story)