Monday, June 8, 2015
New Q1 2015 Money Tree Results!
Get the latest Q1 2015 PwC SoCal MoneyTree Report

Are you interested in understanding the latest trends in venture capital
investments in Southern California? Want to know how the region did in
terms of venture capital? PwC has just posted the results of the Q1 2015
Southern California venture deals, in its Shaking The MoneyTree
presentation and update from HJ Paik, Director, Emerging Company Services

Download it today for free!

Corent Adds Microsoft Azure Support
Aliso Viejo-based Corent Technology, which develops software to help move enterprise software applications to the cloud, said today that it has added support for Microsoft Azure. The company says its software simplifies the automation of software migration to Microsoft's cloud platform, handling issues of packaging and optimization that software.

posted on Monday, June 8, 2015(Full story)

MindBody IPO Targeted For June 19th, As Central Coast Sees Exit Bumper Crop
If all goes well, San Luis Obispo-based Mindbody will be Southern California's newest IPO on June 19th, according to documents being circulated to potential investors in the startup's IPO. According to those investor materials, Mindbody is expected to price on Thursday, June 18th, and would debut if all goes well on the market as MB on Friday, June 19th. The company would at least the second, high profile exit along the Central Coast in the last year, the last being the $1.5 billion acquisition (More info...)

posted on Monday, June 8, 2015(Full story)

TaskUs Takes $15M In Funding
Santa Monica-based TaskUs, the startup led by Bryce Maddock which is the secret weapon behind the rising tide of on-demand and Internet startups, has raised $15M in a funding round, the company disclosed today. The funding came from Phillipnes-based private equity investor Navegar. The startup outsources all kinds of of the back office tasks required by high tech companies like, Expensify, Groupon, Uber, Tinder, and many others. Maddock starteed the company b ack in 2008, after figur (More info...)

posted on Monday, June 8, 2015(Full story)

Mindbody Moves Closer To IPO, Sets IPO Trading Range
San Luis Obispo-based Mindbody, which provides software-as-a-service that helps spas, yoga, and other health and wellness businesses to manage their appointments and clients, has set its IPO trading range, indicating a move closer to an IPO. Mindbody said in a filing this morning that it now expects its IPO to debut at between $13.00 and $15.00 per share. Mindbody is selling 7,150,000 share of its stock in its IPO, which would net $123.3M for the company if its prices at the high range. Companie (More info...)

posted on Monday, June 8, 2015(Full story)

Teledyne Buys ICM X-ray
Thousand Oaks-based Teledyne said Friday that it has acquired Belgiumm-based portable X-ray generator company Industrial Control Machines SA. Financial terms of the deal were not disclosed. Teledyne said that ICM is based in Liege, Belgium, and supplies portable X-ray generators used for non-destructive testing and on-site security screening. Teledyne said the business is complimentary to its existing CMOS based X-ray detectors.

posted on Monday, June 8, 2015(Full story)

XPRIZE Launches $7M Literacy Prize For Mobile App Developers
Los Angeles-based XPRIZE has launched a new, multi-million dollar prize aimed at improving adult literacy, the company said this morning. The foundation said the new Adult Literacy XPRIZE challenges mobile app developers to create a mobile app, to help bring illiterate and low-literacy adults to basic literacy within 12 months. The prize, being funded by the Barbara Bush Foundation for Family Literacy and the Dollar General Literacy Foundation, is aimed at helping an estimated 36 million adults (More info...)

posted on Monday, June 8, 2015(Full story)

On Assignment Acquires Creative Circle For Up To $600M
Calabasas-based On Assignment, whih provides temporary professional staffing services, said Friday that it has acquired Creative Circle, in a deal worth up to $600M. On Assignment said it would pay $570M upfront for Creative Circle, and up to $30M in earnout based on operating performance during 2015. $540M of the initial acquisition price was cash, with the remainder in equity. Creative Circle provides staffing services specifically for the digital, marketing, advertising, and other creative in (More info...)

posted on Monday, June 8, 2015(Full story)

Broadcom Licenses MIFARE NFC Technology
Irvine-based Broadcom said today that it has licensed a new, near-field contact payment technology called MIFARE, which it says is used for contactless ticketing, transportation, and access applications. Broadcom said the licensing deal expands its NFC offerings, specifically in those areas.inancial details of the licensing deal were not announced. Broadcom says MIFARE is already widely deployed in the industry.

posted on Monday, June 8, 2015(Full story)

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