Monday, April 25, 2016Lionsgate Inks Major Film Deal On SteamSanta Monica-based studio Lionsgate said Monday that it has inked a deal to offer up a library of films to Steam, the digital distribution platform run by Valve. Financial details of the deal were not disclosed. The deal will bring such films as Hunger Games, Twilight, Saw and Divergent to the Steam platform, best known for its videogame streaming. The two said the partnership initially includes 100 Lionsgate feature films, and will eventually expand worldwide with more titles.
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Patch of Land Names New CEOLos Angeles-based online real estate marketplace Patch of Land said today that it has named Paul Deitch as ts new CEO. Deitch was previously Managing Director at Oaktree Capital Management. The company said that its co-founder and former CEO, Jason Fritton, has become Executive Chairman of the company. The company said the move comes as it has passed $100M in lending activity.
posted on Monday, April 25, 2016(Full story)
EDF Renewable Energy Buys groSolarSan Diego-based solar project developer EDF Renewable Energy said this morning that it has acquired groSolar (Global Resource Options, Inc.), a provider of development and engineering, procurement, and construction of solar photovoltaic projects. Financial terms of the acquisition were not announced. groSolar was based in Columbia, Maryland, and had been founded in 1998. The company develops PV projects for developers, utilities, finance, corporate, government, and other institutional clients, a (More info...)
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Stratalux Acquires Tojo MediaLos Angeles-based Stratalux, a provider of cloud-based, managed services for Amazon Web Services (AWS), said it has acquired Tojo Media, a company which specializes in building software for media and entertainment clients to be used in the Amazon AWS public cloud. Financial terms of the acquisition were not disclosed. As part of the acquisition, Stratalux said it has hired Joseph Hunt, who had led Tojo Media, as its new VP of Engineering. Stratalux said that Tojo Media's major client was Charter (More info...)
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Trovagene Names New CEOSan Diego-based molecular diagnostics developer Trovagene said today that it has named Bill Welch as its new CEO. Welch was most recently President and CEO of Sequenom, where he had been since January of 2011. Welch also served at Monogram Biosciences, La Jolla Pharmaceuticals, Dade Behring MicroScan, and Abbott Laboratories. Trovagene also said that Matthew Posard, the company's Chief Commercial Officer, has resigned and left the company; reason for the departure was not given.
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NimbleSchedule Raises $4MCarlsbad-based Nimble Software Systems, the maker of NimbleSchedule, a cloud-based software product for employee scheduling and tracking tools, has raised $4M in a Series A funding. The funding came from SEEK LTD. Nimble Software said the funding goes towards technology development, marketing, and global expansion. Nimble's employee scheduling tools are aimed that retail, hospitality, healthcare, education, government and services areas. The company is led by Sasha Poljak.
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Guidance Software Settles Proxy Fight With FounderPasadena-based Guidance Software said Friday that it has settled the proxy fight it had with its former Chairman and founder, Shawn McCreight. According to Guidance Software, it will appoint two nominees from McCreight to its board, but McCreight will resign from his current board positions, as will Chris Poole, currently chair of its nominating and governance committee. The company said that McCreight will vote for the company's current slate of director noimnees, and drop his litigation agains (More info...)
posted on Monday, April 25, 2016(Full story)