Tuesday, February 24, 2015Semitrex Aims At Power EfficiencyA new, Laguna Beach-based startup, Semitrex, said today that it has launched a new set of systems-on-a-chip aimed at helping to improve the power efficiency of circuits. According to the startup, it has launched a new family of chips which dramatically improve the efficiency of power spplies. The company says it has consolidated over 14 different parts which are needed for power supplies, and incorporated them into a single systems-on-a-chip, which it says provides 90 percent efficiency. The sta (More info...)
posted on Tuesday, February 24, 2015(Full story)
BlackLine Sets New CFO, Eyes IPOIn what might be the most demanding CFO position in the area, Los Angeles-based BlackLine said this morning that it has named a new CFO. The company--which develops financial controls and automation software for companies--said it named Mark Partin as its Chief Financial Officer. Partin was most recently CFO of Fiberlink Communications. Partin previously also served as CFO at Headhunter.net (now Careerbuilder.com), seeing the company through startup to IPO, and also served at Arthur Anderson. Fo (More info...)
posted on Tuesday, February 24, 2015(Full story)
Flexus Biosciences, Backed by Amgen, Acquired For $1.25 BillionFlexus Biosciences, which is backed by Thousand Oaks-based Amgen, has been acquired by Bristo-Myers Squibb in a deal worth $1.25 billion. Flexus--which is based in the Bay Area--counts Amgen veterans Terry Rosen and Steve Young among its founders. Flexus Biosciences was venture backed by Kleiner Perkins Caufield and Byers, The Column Group, Celgene, and Amgen, and had just announced a $38M Series B financing in December. Rosen was Vice President, Therapeutic Discovery (TD) at Amgen prior to co-f (More info...)
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YP Rolls Out New Search Advertising ProductLos Angeles-based b>YP, the provider of business search and local marketing services, said today that it has launched a brand new product. YP said it has launched ypSearch, a new product aimed at small business owners, which both provides search ads on YP's properties, as well as on major search engines. The company said the tool not only lists ads on its own properties, but also delivers those ads to Google, Bing, and Yahoo. Pricing on the new tool was not announced. The new product includes bo (More info...)
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OpenX Wins Major League GamingLos Angeles-based online advertising technology developer and marketplace operator OpenX is reporting a win this morning with Major League Gaming (MLG), saying that MLG has selected the company as its exclusive provider of ad serving and monetization of its digital media advertising. Financial details of the win were not announced. OpenX said that MLG has a reach of 20 million fans, and will use OpenX's platform for all of its digital advertising inventory, including directly sold inventory, rea (More info...)
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Second Sight Medical Deploys In FranceSylmar-based Second Sight Medical Products, which is developing implantable medical devices to help treat outer retinal degeneration, said it has implanted its first devices in France. According to the company, three of the centers approved to implant its Argus II Retinal Prosthesis System have done so in France, under that country's national healthcare reimbursement program. Second Sight's medical device treats patients with retinitis pigmentosa (RP). Second Sight Medical said taht RP often res (More info...)
posted on Tuesday, February 24, 2015(Full story)
Broadcom Announces New Microwave Backhaul ChipsIrvine-based Broadcom has rolled out a new set of systems-on-a-chip, aimed at delivering microwave backhaul for the wired and wireless communications market. Broadcom said the new SoCs offer up 5 gigabit per second speeds, and re 4x times more spectrally efficient. The company did not announced pricing on the new SoCs, which are aimed at use in transporting wireless data traffic from cell phones. Broadcom said its new BCM85650 is currently sampling. Microwave backhaul networks are used to transp (More info...)
posted on Tuesday, February 24, 2015(Full story)