Wednesday, June 22, 2016


Business.com Acquired By Purch
Carlsbad-based Business.com, the online business directory and information site which was most recently in the hands of JMI Equity, has been sold to New York-based content publisher Purch, the two said Wednesday afternoon. Financial terms of the acquisition were not disclosed. Purch said the deal would help it expand into the SMB market. Purch is the publisher of such sites as Top Ten Reviews, Tom's Guide, Tom's Hardware, Live Science, and many others. Business.com was headed by Tony Uphoff. Bu (More info...)
posted on Wednesday, June 22, 2016(Full story)

Burner's New App, Ghostbot, Takes On Unwanted Texting
Los Angeles-based Burner, the developer of a smartphone app to let you create temporary, "burner" phone numbers, has rolled out a new "bot" which helps users take on unwanted texting. According to Burner, its new Ghostbot is a text message autoresponder, which works with Burner, which is designed to handle unwanted, aggressive, or abusive texting situations--particularly, in online dating. Burner said that it has linked with bot maker Voxable and screenwriter Peter Miriani, to develop a texting (More info...)
posted on Wednesday, June 22, 2016(Full story)

Microsemi Invests In Veracity
Aliso Viejo-based semiconductor developer Microsemi has made an investment in San Juan Capistrano-based Veracity, a developer of industrial, network security software, as part of a collaboration in the Internet-of-Things (IoT) market. Financial details of the investment were not announced. Microsemi said that Veracity will use its minority investment to fund its product development efforts. Veracity is led by Paul Myer, and says the two companies will make a joint solution for the industrial Eth (More info...)
posted on Wednesday, June 22, 2016 (More)(Full story)

Processing.com Gets Private Equity Injection
Sherman Oaks-based Processing.com, a provider of payment processing services, announced this morning that it has received a "significant" private equity investment, from LaSalle Capital. Size of that investment was not announced. Processing.com is led by CEO Avi Chesed. The company said the funds would go to further invest in its technology and products.
posted on Wednesday, June 22, 2016 (More)(Full story)

eHarmony Names Chief Product Officer
Los Angeles-based eHarmony said Tuesday that it has named Ken Walker as Chief Product Officer of the company. Walker was most recently Chief Product Officer at ZipRecruiter, where he had been for the last four years. The company said Walker helped grow ZipRecruiter from a bootstrapped startup to its first $100M in revenues. eHarmony operates an online and mobile matchmaking service, and also recently launched a service called Elevated Careers, which uses the company's algorithms to match job see (More info...)
posted on Wednesday, June 22, 2016(Full story)

Kuber Financial Buys Mobilend
Orange, California-based Kuber Financial, a financial technology developer for the consumer and small business market, said that it has acquired Mobilend, a developer of a mobile, software-as-a-service, lending platform developer. Financial terms of the acquisition were not announced. Kuber Financial is led by Timothy Li. Mobilend's CEO and co-founder was Justin D'Ambra.
posted on Wednesday, June 22, 2016(Full story)