Friday, August 7, 2015MaintenanceNet Acquisition By Cisco CompletesCarlsbad-based cloud software developer MaintenanceNet is now officially part of Cisco, Cisco said this week, after it completed its acquisition deal for the company. Cisco had announced its acquisition of MaintenanceNet on July 8th, saying it would pay $139M for the startup. MaintenanceNet develops cloud-based software being used by companies to better manage the renewal of recurring customer contracts. The company had been backed by Kayne Anderson Capital Advisors. Cisco says MaintenanceNet be (More info...)
posted on Friday, August 7, 2015(Full story)
TrueCar's Painter To Step Down As CEOScott Painter, the CEO of Los Angeles-based auto purchasing service TrueCar, said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter will remain as Chairman of the board, and will continue as CEO as the company searches for a new chief executive. Painter has been CEO of the company since he founded TrueCar in 2005. Painter has recently been battling issues with the auto industry and dealers, who have been unhappy with company's data sharing policies--as (More info...)
posted on Friday, August 7, 2015(Full story)
JenaValve Gets $26.5M for Aorta Repair DeviceIrvine-based JenaValve Technology, which is developing transcatheter aortic valve repair (TAVR) systems for the treatment of aortic valve disease, said this morning that it has raised $26.5M in a Series C funding round. The funding was led by RMM (Rudi Marien) and Valiance, and also included Atlas Venture, Edmond de Rothschild Investment Partners, Gimv, Legend Capital, NeoMed Management and VI Partners. The company said the new funds goes towards its growth efforts. JenaValve is led by Victoria (More info...)
posted on Friday, August 7, 2015 (More)(Full story)
HowLoud: Making Your Next Apartment A Less Noisy One
If you've ever rented an apartment, you will be very familiar with the experience of moving into a new place, thinking it will be great--but then, it ends up being unbearable because you didn't notice the bar around the corner that always lets out at 2am. What if there was a way to figure out how noisy that place would be--before you even think about renting it? Los Angeles-based Howloud (www.howloud.net) has figured out how to apply computer algorithms--combined with data on roads, airports, (More info...)
posted on Friday, August 7, 2015(Full story)
Insights: Gaining and Maintaining High-Value Customers in Today's MarketplaceFor our Insights and Opinions section today, we have an article from Bernard Luthi, President of Monoprice (www.monoprice.com), who talks about how his company has figured out how to compete against the big guys in the room--Apple, Amazon, Google, Facebook and eBay.
We live in an unprecedented digital era today, with a powerful flow of cutting-edge commercial opportunities that can be transformed into many potential revenue streams.
But it's easy to get swept away by this rising and ru (More info...)
posted on Friday, August 7, 2015(Full story)
Universal Electronics Acquires EcoLinkSanta Ana-based Universal Electronics said Thursday that it has acquired Ecolink Intelligent Technology, a developer of wireless security and home automation sensors. Universal Electronics said it paid approximately $12.4M in cash, plus earnout over the next five years. Ecolink was based in Carlsbad, California. UEI said it will continue to operate Ecolink as a wholly-owned subsidiary, under the Ecolink brand and trademark.
posted on Friday, August 7, 2015(Full story)