Monday, October 5, 2015Triton Digital Extends Audio Ad Exchange Into FranceLos Angeles-based audio advertising exchange operator Triton Digital said today that it is launching a new, programmatic audio advertising exchange in France, after inking a partnership with French company NRJ Global. According to Triton Digital, the deal will enable programmatic purchase of targeted online and mobile audio impressions in France, starting with NRJ Group's web radio stations. Financial aspects fo the deal were not announced. Triton said the move is the first time programmatic aud (More info...)
posted on Monday, October 5, 2015(Full story)
Fandango Launches New R&D Group, FandangoLabsLos Angeles-based movie information and ticketing provider Fandango has booted up a new, research and development group called FandangoLabs, the company said this morning. Fandango said the new unit will create innovative moviegoing products and services, focused on such areas as location-based services, social commerce, augmented and virtual reality, interactive video, and personalization, among others. The new unit also will be working closely with design firm IDEO in its efforts, according to (More info...)
posted on Monday, October 5, 2015(Full story)
IDrive Launches New, $10M Startup FundCalabasas-based IDrive, the provider of online backup storage led by Raghu Kulkarni, has launched a new, $10M startup fund called IDrive Ventures, the company said Friday. The company said it has already investe in four different companies out of the fund. IDrive did not say what the criteria for investment from its new investment fund will be. The company disclosed it has alredy made investments in Cymmetria, Fresco, ScopeAR, and Zenflow.
posted on Monday, October 5, 2015(Full story)
j2 Global Gobbles Up Nine More CompaniesLos Angeles-based Internet services operator J2 Global has gobbled up nine more companies, the company announced this morning, across five different countries. J2 Global--which has had a ravenous appetite for small Internet-based businesses--said it acquired LiveVault (USA), Axiatel (France), Salesify (USA), VDW (Netherlands), Online Backup Vault (USA), Popfax (France), DSA Technologies (USA), Network Telsys (Canada), and Comtech (Norway). J2 did not disclose the individual prices it paid for al (More info...)
posted on Monday, October 5, 2015(Full story)
Obvious Ventures To Announce $50,000 Investment Prize In Hollywood Next WeekObvious Ventures, the venture investment firm co-founded by Twitter founder Ev Williams and James Joaquin of When.com/Ofoto/Xoom, is announcing a $50,000 investment in one of 50 startups being featured at a conference in Hollywood next week. The organizers of the Kairos Global Summit, being held on October 13th, said it will be showing off fifty startups at the invite online event. Those startups include three, local companies: Hustle (job recruiting); Spidr Tech (law enforcement software); and (More info...)
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Teledyne Cuts Outlook On Sales Slowdown In Energy MarketsThousand Oaks-based Teledyne Technologies said this morning that it is cutting its outlook for the third quarter and full year, due to decline in sales in energy-related products. The company said the decline came in sales of its marine and electronic test and measurement instrumentation, which it blamed on a slowdown in the energy markets. The company also blamed a strong U.S. dollar and "challenging" capital spending environment impacting its results. The company said it would be taking "aggr (More info...)
posted on Monday, October 5, 2015(Full story)
Wellington Financial Launches New $300M FundVenture lending and specialty finance provider Wellington Financial, which has offices in Santa Monica, said late last week that it has closed on a new, $300M fund. The company said its $300M Fund V goes towards providing growth capital to Canadian and U.S. companies. The company says its team is represented by Eric Speer in Santa Monica, in addition to an office in Silicon Valley.
posted on Monday, October 5, 2015(Full story)