Monday, February 22, 2016
Recurring Revenue Conference 2016 - February 23rd, LA
Presented by Clear Capital Advisors. Join local entrepreneurs, SaaS
innovators, leading VCs, private equity/angel investors February 23 at
the Recurring Revenue Conference, 8-5pm with cocktail reception after.
Panel discussions include: The Big Impact of Big Data; SoCal Rockstars
You Don’t Know –But Will; Cybersecurity: The Shadow Under the Cloud; The
Analytics that Drive Your Venture’s Valuation.

Register and use PROMO CODE: SocalTECH100off for $100 off ticket price.
Register today!

Questions? Contact:

SolarReserve: Crescent Dunes Overcomes Limitation Of Battery Storage
Santa Monica-based utility-scale solar power company Solar Reserve says its molten-salt based, utility-solar plants have a big advantage over battery-based energy storage, which it says "isn't exactly clean or practical". The power plant developer--whose Crescent Dunes plant started delivering energy to the grid in late 2015--says that its technology offers a "real way" to sore energy for use after dark, and overcomes the intermittency problems that face use of renewables. SolarReserve uses ther (More info...)

posted on Monday, February 22, 2016(Full story)

EcoATM Targeted By Outerwall Investor Group, Seeking Sale Or Shutdown
San Diego-based cell phone recycling kiosk operator ecoATM, which is owned by Outerwall, is being targeted by an investor group which wants Outerwall to shut down or sell off ecoATM--as well as other assets. According to Engaged Capital LLC, it believes Outerwall's current management have impaired the valuation of the company, and is demanding that Outerwall "shut down or sell" ecoATM, among other moves. Engaged Capital wants Outerwall to discontinue its share repurchases and to seek "strategic (More info...)

posted on Monday, February 22, 2016(Full story)

Nomva Raises $3M For Fruit Snacks
Santa Monica-based food startup Nomva (Phenomenal Foods LLC) said last week that it has raised $3M in a Series A funding. The funding came from Evolution Media Partners and Taylor Fresh Foods. Nomva was founded by Caroline Beckman and Nina Church, and sells a blend of organic, probiotic, dairy free fruit snacks. Nomva also is backed by tech billionaire Peter Thiel, via a Thiel Fellowship grant.

posted on Monday, February 22, 2016 (More)(Full story)

MRV Gets More From Tecnonet Sale
Chatsworth-based optical networking equipment provider MRV Communications said the price of its sale of Tecnonet S.p.A. has increased, and that it has received an additional $4.8M in the sale. The deal now amounts to $26.4M. According to MRV, the payment relates to an intercompany obligation. MRV Communications sold the Italian subsidiary to Maticmind S.p.A.. The deal had originally been announced on December 3rd, 2015.

posted on Monday, February 22, 2016(Full story)

Ixia Targets Network Security With New Device
Calabasas-based Ixia is aiming at the network security market with its latest product, the company said today. Ixia said its Vision ONE device collects, processes, and filters data and application flow, specifically for security and network protection. The new devie taps into corporate networks, using deep packet inspection to watch the flow of traffic across a network. Ixia said its device can even access encrypted traffic using SSL decryption, break down traffic based on application type, geo (More info...)

posted on Monday, February 22, 2016(Full story)

Qualcomm Powers Samsung Galaxy S7
San Diego-based Qualcomm said its Snapdragon 820 processor is being used for Samsung's latest phone, the Samsung Galaxy S7. The win marks the return of Qualcomm to powering Samsung's Galaxy phones; Samsung had skipped the prior generation of Qualcomm's chips, using its own processor in the Galaxy S6. The two said Qualcomm's Snapdragon 820 will be used in both the Samsung Galaxy S7 and S7 edge. The Snapdragon 820 includes an integrated X12 LTE modem, which the company says provides up to 33 perce (More info...)

posted on Monday, February 22, 2016(Full story)

C-Suite Quarterly (CSQ) Winter Celebration - February 25th
On February 25, 2016, C-Suite Quarterly (CSQ) Magazine will celebrate and honor the visionaries in Innovation & Technology featured in CSQ's Winter 2016 edition. These leaders of LA Tech are giving of their time, investment, and ideas around how we can make Los Angeles—and the world—a better place.

The evening's primary honoree will be entrepreneur, disruptor, innovator, and the latest CSQ cover feature, Rob Lloyd, along with other leadership from the region including Chuck Davis, Jason Nazar, Dana Settle, Joachim Splichal, the region’s disruptors, CSQ’s NextGen 10.4, and more.

This special evening will encourage guests and partnering sponsors to meet, mingle, and engage with LA’s business elite and thought leaders seen in CSQ Magazine. In an intimate forum, guests will enjoy the sights and a tour at Hyperloop Technologies Inc. HQ.

To find out more on the event and how to get involved, click here:

Safire Partners Executive Search
Safire Partners has completed 500+ retained executive searches since 2006 working with emerging businesses in Southern California. Please visit our website to see an updated list of our clients and searches completed at We are always interested in meeting new candidates and potential clients, so feel free to email our Managing Partner, Todd Gitlin at

Stradling, Attorneys At Law (

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms.

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