Monday, June 6, 2016Semtech Sells Off Unit To RambusCamarillo-based analog and mixed signal semiconductor developer Semtech Corporation said on Monday that it has agreed to divest its Snowbush intellectual property (IP) business--which develops designs for high speed serial networking interfaces--to Rambus. Semtech said Rambus will pay $32.5M in cash, along with a future royalty through 2022 based on sales. Semtech said the sale was part of an effort to exist business which it says are no longer aligned with the company's long term strategy. Semt (More info...)
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Event Farm Raises $2.6M In Series ALos Angeles-based Event Farm, which provides an enterprise, event marketing product which helps event organizers with invites, guest registration, and more, recently raised $2.6M in a Series A funding. The funding brings their total to over $4M. The startup was founded by Ryan Costello. The company offers up its software via subscription. Source of that funding, which occurred earlier this year, was not announced.
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ERP Power Names New Board MemberMoorpark-based ERP Power, the manufacturer of solid state lighting power supplies and LED drivers which was just acquired by Angeles Equity Partners, said today that it has named Jeffrey Frank to its board of directors. Frank previously has served at GE Power Electronics, Lineage Power, Cherokee International, Lambda LEI, and Deltec Electronics. Frank was head of Cherokee International when it had its IPO in 2004, and was involved in the turnaround at Lineage Power. ERP Power said Frank will foc (More info...)
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American Airlines Switches To ViaSatAmerican Airlines has selected Carlsbad-based satellite Internet provider ViaSat for a major deployment on its fleet of Boeing 737 MAX aircraft, in what is a major win for Viasat, the two said late Friday. Financial details of the win were not disclosed, however, the two said that American's new fleet of Boeing 737 MAX will go into service with ViaSat's in-flight internet systems, starting in September of 2017. American Airlines had been looking to switch to ViaSat, from an existing deal and con (More info...)
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KnuEdge, Backed By $100M, Launches Voice Recognition SoftwareSan Diego-based KnuEdge, a startup which was founded by former NASA administrator Dan Goldin, said this morning that it has unveiled its voice recognition and authentication technology--which it has developed with $100M in funding. According to the company, it has developed "neural technology" which is aimed at altering how humans interact with machines, allowing computers, web and mobile apps, and devices to authenticate and understand the human voice. The company said its technology can recogn (More info...)
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Netflix To Launch New, Original Content From IndiaOnline movie and television streaming provider Netflix, which has significant operations in Los Angeles, is launching its first, ever original series from the country of India. Netflix said today that it is filming a new, Netflix original series, based on the novel Sacred Games, by Indian author Vikram Chandra. Netflix said the series will be filmed in Hindi and English, and will be available to its members globally when filmed. The new series will be produced in partnership with Phantom Films. (More info...)
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ViaSat Wins Zetta JetCarlsbad-based satellite connectivity provider ViaSat has scored a win with private airline Zetta Jet, the two companies said this morning, with ViaSat providing in-flight Internet services on Zetta Jet's Bombardier aircraft. According to the companies, ViaSat will provide global, in-flight Internet services to customers, supporting everything from live video streaming to video conferencing and voice-over-IP calls. Financial details off the win were not disclosed. Zetta Jet is headquartered in S (More info...)
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Acuant Buys AssureTecLos Angeles-based Acuant, a developer of identity management and identity verification technology, said this morning that it has acquired AssureTec Technologies, a provider of identity, document authentication, and data capture products. Financial details of the deal were not disclosed. The company said that AssureTec's CEO, Steve Maloney, becomes Executive Vice President for Business Development & Strategy at Acuant. Acuant said the deal also includes AssureTec's intellectual property, capture (More info...)
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Digital Networks Group Acquired By Telerent LeasingAliso Viejo-based Digital Networks Group, a provider of AV and IT integration for the healthcare, education, and government sector, has been acquired by Raliegh, North Carolina-based Telerent Leasing Corporation. Financial terms of the acquisition were not disclosed. The companies said that Telerent is a provdier of hospital television, display, and signage systems integration services, with customers that represent more than 40 percent of U.S. hospitals. Telerent said that Digital Networks Grou (More info...)
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