Wednesday, June 1, 2016ERP Power Acquired By Angeles Equity PartnersMoorpark, California-based ERP Power, which develops LED lighting power supplies and drivers, has been acquired by private equity firm Angeles Equity Partners, Angeles said Wednesday afternoon. Financial details of the acquisition were not disclosed. ERP Power, led by Michael Archer, is a major supplier of small form factor power supplies, used in LED lighting and solid state lighting applications. Those supplies convert household or commercial, AC power into the DC power needed to power LED lig (More info...)
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MFour Plans To Ramp Hiring In IrvineIrvine-based mobile survey and research software developer MFour announced Wednesday that it is planning to double its staff, and plans to bring the company's total number of staff to more than 100 over the next nine months. MFour's flagship product is Surveys on the Go, a survey app which is specifically aimed for use on mobile devices. MFour is led by co-founder and CEO Chris St. Hilaire.
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ServiceNow Acquires BrightPoint SecurityServiceNow, the developer of enterprise IT and business operations software which has major offices in San Diego, said Wednesday morning that it has agreed to acquire BrightPoint Security, a developer of security software. Financial details of the cash acquisition were not announced. BrightPoint Security was based in San Mateo, California.
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Docupace Raises $16.5MLos Angeles-based Docupace, a developer of software for financial services firms, said this morning that it has raised $16.5M in a funding round from Palisades Growth Capital and TVC Capital. As part of the funding, Paul D'Addario from Palisades and Jeb Spencer from TVC Capital will join the company's board of directors. Docupace develops a suite of products, including cyber security services, alternative investment processing, and paperless processing software and services for financial service (More info...)
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Boingo Names Three New Directors In Deal With Activist InvestorsLos Angeles-based Boingo Wireless announced this morning that it is appointed three new directors to its board, after reaching a deal with activist investors Ides Capital Management and Legion Partners Asset Management. According to Boingo, it is appointing three, new indepdnent directors--Maury Austin, David Cutrer and Kathleen Misunas--to its board, in an agreement which also has Ides Capital Management withdrawing all of its director nominees. The deal expands Boingo's board to nine directors (More info...)
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HyperX Lands Basketball Star Gordon Hayward In Endorsement DealFountain Valley-based memory maker HyperX has signed an endorsement deal with professional basketball star Gordon Hayward, where the star will use the company's HyperX gaming headsets in marketing campaigns, for streaming game sessions, and more. Hayward--who plays professional basketball for the Utah Jazz--also is an avid video gamer, including competing in professional eSports games. HyperX said that Hayward is thefirst, traditional athlete to represent the gaming brand, and will also be condu (More info...)
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Myspace Confirms Major Password LeakLos Angeles-based Myspace, which is now part of Time, Inc., confirmed a major security breach on Tuesday, saying that stolen Myspace user login data had been posted to an online hacker forum. Myspace--which blamed the hack on Russian cyberhacker "Peace."--said the data stolen included user login data from a portion of accounts that were created prior to June 11, 2013 on the old Myspace platform. Reports place the number of compromised user accounts at 427 million passwords. Myspace said it had i (More info...)
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Machinima, TuneSat Team On Audio Monitoring EffortBurbank-based content network Machinima and music monitoring service TuneSat have teamed up to provide audio monitoring of Machinima's content network, the two said Tuesday. According to the two, Machinima will use TuneSat's monitoring technology to better identify ad monitor the audio in content created by its talent network. Financial details of the deal were not announced. Machinima operates a YouTube content network, focused video games, animation, movies, pop culture, and other topics.
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Microsemi, Arrow Electronics Cement Distribution DealAliso Viejo-based semiconductor developer Microsemi said today that it has named electronics distributor Arrow Electronics as its lead global distributor. Arrow--which has been distributing Microsemi's products for more than 40 years--will carry Microsemi's full portfolio of products, among other efforts. The two said that Arrow specifically will represent Microsemi in the aerospace and defense, communications, data center and industrial markets. Microsemi makes field programmable gate arrays (F (More info...)
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Arecont Vision Names VPLos Angeles-based IP security camera developer Arecont Vision said this morning that it has promoted Sanjit Bardhan to Vice President, Middle East, Africa, and Inidia. Bardhan had been Director of the region since 2013, and has been at the company since 2011. He previously had served at Clipsal Datacomms by Schneider Electric and also Anixter Middle East. Bardhan is based in Dubai, UAE.
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