Monday, July 27, 2015Ouya Acquired By RazerLos Angeles-based Android gaming console maker Ouya has been acquired by San Diego gaming accessory marker Razer, the two disclosed this morning. Financial terms of the buy were not disclosed. Ouya--which had launched its Android console to great fanfare back in 2013, scoring funding from such high profile backers as Kleiner Perkins Caufield & Byers, Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners--had in recent months been looking for a buyer.
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Dealstruck Finds $10M More For Small Business Lending MarketplaceCarlsbad-based Dealstruck, the online small business lending site led by Ethan Senturia, said this morning that it has raised $10M more in a funding round. The funding came from Community Investment Management LLC. In a related move, Dealstruck said it has added Robert Riedl as its Head of Capital Markets; Riedl as previously COO of Consumer Portfolio Services, Inc. (CPS), and also had served at ContiFinancial Services, Jefferies & Company, and PaineWebber, along with ContiFinancial Services, J (More info...)
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How Addroid Is Hoping To Solve The Ad Industry's Flash Problem, with Matt CooperThere's been a huge debate over the future of Adobe's Flash raging over the last month, as both Google and Mozilla disabled Flash due to security holes and other issues. One of the side effects of the war over Flash, has been with advertisers--particularly in Hollywood--who rely on Flash to help display their advertising banners and video to users. One company which has been working on solving the Flash problem is Los Angeles-based Addroid (www.addroid.com). We spoke with Addroid founder Matt Co (More info...)
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Vizio Files For IPOIrvine-based consumer electronics giant Vizio has filed for an IPO, saying in a filing Friday that it is looking to raise up to $172.5M in a public offering. The company says it has filed to trade as VZIO, but has yet to select an exchange. The IPO is being underwritten by BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, BMO Capital Markets, Piper Jaffray, Wells Fargo Securities, and Roth Capital Partners. Vizio's major owners are founder William Wang (54.7 percent of the company), along (More info...)
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Qualcomm Names New Head In IndiaSan Diego-based Qualcomm said this morning that it has named Sunil Lalvani as its new Vice President and President of Qualcomm India, replacing Avneesh Agrawal, who is departing the company. Lalvani was previously at BlackBerry, where he had most recently been managing director of India and SAARC (South Asian Association for Regional Cooperation). He also has served at EMC, Nokia, Cisco Systems, and SITA Equant Network (now Orange Business Services). Qualcomm did not say what former Qualcomm Ind (More info...)
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Sonos Bumps Pricing In EuropeSanta Barbara-based whole home music system developer Sonos is significantly bumping up the prices of its system in Europe, the company said over the weekend, due to big changes in the U.S. dollar to Euro exchange rate. According to Sonos, it has significantly increased its prices of products in Europe, because its existing pricing has "become unsustainable". Sonos outlined a long list of pricing increases, which it said will go into effect July 31st.
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Yardi Signs North Carolina CustomerSanta Barbara-based Yardi, which develops real estate investment management and property management software, reported a win in North Carolina today. Yardi said that Raleigh, North Carolina-based 10 Federal is using its software, and has seen "significant" rental income growth due to using its software. Financial details of the win were not announced.
posted on Monday, July 27, 2015(Full story)