Monday, October 12, 2015Kixer's Co-Founders On Mobile Ads and Early ExitsIt's not all that often that you hear of a local startup being acquired after only raising less than $1M in funding, because the company was growing so fast, rather than because an idea didn't pan out. That's the story behind Los Angeles-based Kixer (www.kixer.com), which saw a great exit last week as it was acquired by content management software developer Lakana. The startup was co-founded by Keith Bonnici, Omar Nicola, and Jake Moilanen, and was venture backed by TenOne Ten Ventures, Lowercas (More info...)
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The Irvine Company Plans Widespread Battery Powered, Hybrid Electric BuildingsYou might already drive a hybrid electric vehicle, but do you have your office in a hybrid electric buliding? Land and real estate developer The Irvine Company said this morning that it intends to create a "fleet" of hybrid-electric buildings, which all use Tesla Energy's new battery energy storage systems. The Irvine Company said that it will
install Tesla's systems across its portfolio, starting with 24 office buildings in Irvie. The Irvine Company said the battery systems will be used both t (More info...)
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Patara Pharma Raises $26MSan Diego-based Patara Pharma, a biopharmaceuticals company developing treatments for allergic and inflammatory diseases and conditions, said today that it has raised $26M in a Series A funding round. Sourec of the funding was not announced. In addition to the equity funding, Patara said it has also received a loan from Silicon Valley Bank of up to $7M. Patara's lead candidate is being aimed at treating refractory chronic cough and indolent systemic mastocytosis, particularly patients with idiop (More info...)
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Clearlake Capital Buys SyncsortSanta Monica-based private equity investor Clearlake Capital Group announced htis morning that it is buying Syncsort, a new Jersey-based developer of big data, data migration, and other tools. Financial terms of the acquisition were not anounced by the companies. Syncsort was headquartered in Woodcliff Lake, NJ, and is over 40 years old, but has a significant number of Big Data products based on Apache Hadoop, Splunk, Apache Spark, and the cloud, in addition to software for the IBM z Systems mai (More info...)
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Qualcomm Sells Vuforia To PTCSan Diego-based Qualcomm said this morning that it is selling its Vuforia Internet-of-Things (IoT) business to PTC. Financial terms of the deal were not disclosed. The two said that PTC will acquire Vuforia and its developer ecosystem. Vuforia develops mobile vision and augmented reality software, and was created at Qualcomm five years ago.
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Ixia Rolls Out New Network Security ProductCalabasas-based Ixia said this morning that it is expanding out its lineup of products for the cybersecurity market, with a new product called ThreatARMOR. According to the company, the new product is aimed at enterprise networks, and specifically blocks known bad traffic from malicious IPs, hijacked IPs, and unassigned or unused IP spaces and addresses, all at line speed. In addition, the tool also helps identify and stop internal, infected devices from connecting with known botnet servers, as (More info...)
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Vubiq Networks Rolls Out Wireless Gigabit Ethernet ProductIrvine-based Vubiq Networks, a developer of Gigabit Ethernet, wireless link systems which use the unlicensed 60 Ghz millimeter wave radio band, has launched a new product. According to Vubiq, it has launched its HaulPass V60 Wireless Gigabit Ethernet link, which has a 50 percent in increase in range over its prior product, to 750 meters, and made it easier to install. The company's product is intended to be installed outdoors in urban areas, for such things as extending corporate Gigabit Etherne (More info...)
posted on Monday, October 12, 2015(Full story)