Tuesday, March 17, 2015Sidecar Expands Deliveries To LAWonder why you are sharing your Sidecar ride with a bouquet of flowers? It might be because on demand ride service Sidecar has expanded its new Deliveries service to Los Angeles, where it combines both rides and delivery of packages. Sidecar said Tuesday that is expanding its new service, which ties together both package delivery and on-demand rides for people, into the Los Angeles market, part of a move to boost the earnings of its drivers. Sidecar said that its initial test of the service in t (More info...)
posted on Tuesday, March 17, 2015(Full story)
XPRIZE Targets Crowd With New Spinoff, HeroXXPRIZE, the foundation which has been running multi-million dollar prizes aimed at spurring innovation to addresss some of the world's biggest issues, said Tuesday that it has spun out a new company, HeroX, aimed at crowdsourcing solutions to smaller and local challenges. According to XPRIZE, the new, for-profit venture--backed by City Light Capital--is aimed at bringing about "radical business, technological and social innovation". Among the competitions and prizes on the site are competitions (More info...)
posted on Tuesday, March 17, 2015(Full story)
Websense, After Move From San Diego, In Acquisition TalksFormer San Diego-based security software developer Websense>--one of a number of companies acquired by private equity investor Vista Equity Partners and moved out of San Diego--is now in talks to be acquired by Raytheon, according to a report. Bloomberg reports that the companies are in talks to sell Websense to Raytheon in a deal worth more than $1 billion. Websense was acquired by Vista Equity Partners in 2013. Vista Equity moved Websense--and more than 470 jobs from San Diego--to Austin, Texa (More info...)
posted on Tuesday, March 17, 2015(Full story)
Cidara Therapeutics Files For IPOSan Diego-based Cidara Therapeutics, a biotechnology company developing anti-fungal medicines, said Monday that it has filed for an IPO. Cidara said it is looking to raise up to $69M in an IPO on the NASDAQ Global Market as CDTX. The IPO is being underwritten by Jefferies, Leerink Partners, Wedbush PacGrow Life Sciences, Needham & Company, and BTIG. Cidara is backed by 5AM Ventures, Fidelity Management, InterWest, Frazier Healthcare Ventures, and Seachaid Pharmaceuticals.
posted on Tuesday, March 17, 2015(Full story)
Iteris Settles Patent LawsuitSanta Ana-based Iteris, which develops traffic management and monitoring equipment, reported late Monday that it has settled a patent infringement lawsuit that had been filed against the company by Wavetronix. Iteris said it has agreed to remove a feature from one of its products as part of the settlement. Financial details of the settlement were not announce by the companies involved.
posted on Tuesday, March 17, 2015(Full story)
Voxox Sees Growth In Wholesale SMS BusinesssSan Diego-based Voxox, the provider of cloud-based, communications services, reports that it has seen a tripling of its wholesale, SMS delivery within the past year. The company said the growth comes due to new customer contracts and expansion of usage by existing customers. Voxox offers up an API which allows businesses to add SMS capabilities to their products. Voxox is led by Bryan Hertz.
posted on Tuesday, March 17, 2015(Full story)
Unitas Global Launches Cloud Monitoring ProductLos Angeles-based Unitas Global said Monday that it has launched a new, hybrid cloud monitoring and management product called UnitasAtlas. According to the company, the new product is aimed at helping enterprise businesses fully monitor and manage their hybrid cloud environments. Pricing on the new product was not announced. Unitas Global is led by Patrick Shutt. The company offers up managed, cloud IT environments for the enterprise.
posted on Tuesday, March 17, 2015(Full story)
WD Completes Amplidata BuyIrvine-based Western Digital said Monday that it has completed its acquisition of Amplidata, the developer of object-based storage software for the cloud market. The acquisition was made by WD's HGST subsidiary. WD said Amplidata becomes part of HGST's Elastic Storage Platforms group. The companies had originally announced the acquisition on March 3rd. Amplidata was venture backed by Big Bang Ventures, Endeavor Vision, Hummingbird Ventures, Intel Capital, Quantum Corp., and Swisscom.
posted on Tuesday, March 17, 2015(Full story)