Wednesday, December 16, 2015
SVB’s Innovation Economy Outlook survey - let your voice be heard!
Share your views on the global teach economy – Each year, Silicon Valley
Bank surveys founders and executives around the world for insight into
the dynamics of high-growth companies. The results of this 7th annual
Innovation Economy Outlook survey will help policymakers, investors and
the business public understand the business and policy issues facing
companies like yours.

Weigh in by taking this short survey, and SVB will thank you by donating
to Best Buddies, Girls Who Code or BUILD for every survey completed –
your choice!

Please click to take the
8-minute survey

LA Startups Band Together To Support Local Charities
A group of Los Angeles-based startups said today that they have launched a new effort, called #StartupsForCharity, where those companies and other local startups can help volunteer and support local charities. The group--whose members include Float, BloomNation, CurbStand, NailSnaps, Nanny Agency:LA, NuPad, Plug and Play, Team Friday, Built in LA, and WriteyBoard--said startups can have team members sign up for specific volunteering and giving opportunities through the platform's website. The n (More info...)

posted on Wednesday, December 16, 2015(Full story)

Triton Digital Gets Win In Southeast Asia
Los Angeles-based audio advertising exchange developer Triton Digital says that it has won a deal to deploy its audio advertising exchange in Southeast Asia, via a deal with company Big Mobile. Financial details of the deal were not disclosed. Big Mobile is based in Singapore. The two said the deal will make Triton's audio advertising exchange available to music streaming services and radio broadcasters in Singapore, Malaysia, Vietnam, Thailand, Philippines, and Indonesia.

posted on Wednesday, December 16, 2015(Full story)

Abacus Data Systems Acquired By Providence Equity
La Jolla-based Abacus Data Systems, a developer of software to help law firms manage their practices, has been acquired by private equity investor Providence Equity, the companies announced today. Financial details of the deal were not announced. Abacus said the strategic majority investment by Providence Equity will help it quickly sale up its technology infrastructure. Abacus provides cloud-based, enterprise software used by law firms with case management and other functions. The company is le (More info...)

posted on Wednesday, December 16, 2015(Full story)

University Of California Raises $250M Venture Fund
The University of California system said Tuesday that it has launched a new venture capital fund, with $250M in investments, to specifically invest in opportunities emerging from the University of California's ten campuses. The UC System said the new fund will be led by Silicon Valley entrepreneur Vivek Randadive. The new fund comes as a result of a September 2014 decision by the UC Board of Regents, which approved of the concept of investing in companies in such areas as life sciences, technolo (More info...)

posted on Wednesday, December 16, 2015(Full story)

CleanSpark Buys Specialized Energy Solutions
San Diego-based CleanSpark, a developer of energy software and control technology, said it has acquired fellow San Diego company Specialized Energy Solutions (SES). Financial details of the acquisition were not announced. CleanSpark said SES specialized in engineering and construction of lean energy technologies, including 4MW of distributed solar power projects in the City of Colton, a number of Department of Defense installations, and other projects in California.

posted on Wednesday, December 16, 2015(Full story)

Hallux Raises $7.1M
Laguna Hills-based Hallux, a pharmaceuticals startup developing treatments for oncychomycosis, has raised $7.1M in a Series A funding. The funding came from Deerfield Management. Hallux is developing a priiorietary terbinafine product for treating subungual oncychomycosis--better known as nail fungus. The company says its dosage and treatment form avoid issues with current, oral therapies for treating the condition. Hallux is led by Mark Taylor.

posted on Wednesday, December 16, 2015 (More)(Full story)

Clearlake Capital Sells Inventus Solutions
Santa Monica-based private equity investor Clearlake Capital Group has scored an exit with one of its portfolio companies, Chicago-based Inventus Solutions. Inventus has been acquired by RPX Corporation. RPX said it would pay $232M in cash to purchase Inventus, which is based in Chicago. Inventus develops e-discovery services to the Fortune 1000, global law firm, and government agency markets. Clearlake Capital acquired Inventus in June of 2013.

posted on Wednesday, December 16, 2015(Full story)

OpenX Names New CTO
Los Angeles-base programmatic advertising marketplace operator OpenX has named a new Chief Technology Officer, according to the company. OpenX said it has named Michael Radovancevich as its new CTO, as well as shifting former Chief Legal Officer Douglas McPherson to become Chief Administrative Officer and General Counsel. Radovancevich was most recently CTO of Centro, and also served as CTo of Taleo. He also has been at General Electric, Taligent, and Apple. OPenX is a developer of online adver (More info...)

posted on Wednesday, December 16, 2015(Full story)

Tealium Gains HIPAA Compliance
San Diego-based tag management software developer Tealium, which develops software to help manage marketing and tracking tags on websites, says it has completed a Health Insurance Portability and Accountability Act (HIPAA) and Health Information Technology for Economic and Clinical Health Act (HITECH) attestation examination--which means its platform meets the data security safeguards of the two laws. The HIPAA compliance news helps the company provide its solutions to the healthcare industry.

posted on Wednesday, December 16, 2015(Full story)

Evite Launches New iOS App, Gifting Feature
Los Angeles-based event invitation provider Evite has rolled out a shiny new mobile app and mobile web experience, as part of a push to have users use the service for last minute holiday celebrations. In addition, the company says it has also rolled out an instant gifting app for its users. Evite says its mobile site is now optimized for mobile devices, letting users create and view party invitations from mobile devices; ability to add to guests lists and track rsvps; and more. In addition, Evit (More info...)

posted on Wednesday, December 16, 2015(Full story)

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