Tuesday, July 5, 2016
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VideoAmp Names Chief Revenue Officer
Santa Monica-based VideoAmp, which develops TV and video advertising analytics software, said on Tuesday that it has named Michael Parkes as its new Chief Revenue Officer. Parkes was most recently SVP of Sales at Amobee, and also served at the same position at Adconion Direct. Parkes has also served at eType and CNET Networks. Parkes is the company's first Chief Revenue Officer, and will be responsible for revenue generation and scaling the sales organization, according to the company. VideoAmp (More info...)

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Jukin Media Raises $2.5M More
Los Angeles-based Jukin Media has just raised $2.5M more, according to a regulatory filing from the company, in the form of debt funding. No details on the new funding for the company have yet been announced. Jukin Media finds and licenses viral, video content on the web, which it then provides to both online and traditional media sources; the company has previously raised funding from Samsung Venture Investment Corporation, Maker Studios, Bertelsmann Digital Media Investments (BDMI), along with (More info...)

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Hyperloop One Says Helsinki, Stockholm Could Be Only 28 Minutes Apart
Los Angeles-based technology developer Hyperloop One, which is developing technology to bring Elon Musk's concept of a giant, pneumatic tube to transport people and cargo from city-to-city to life, says it has just released a new study. The new study says that Helsinki and Stockholm could only be 28 minutes apart, if a 500 kilometer, Hyperloop network would link the two cities -- a significant shortcut in time from the current 3.5 hour flight between the cities. Hyperloop One said the study--dev (More info...)

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Epicor Sold To KKR
Epicor, the enterprise software development firm which has significant operations in Orange County, has been sold to private equity investor KKR, the company announced Tuesday morning. Financial terms of the sale were not announced. Epicor had been in the hands of another, private equity investors--Apax Partners. Apax had put Epicor up on the block in June, its second attempt to sell Epicor to a buyer.

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Stamps.com Completes $55M ShippingEasy Buy
El Segundo-based Stamps.com said late last week that it has completed its acquisition of ShippingEasy, a developer of web-based, shipping software for online retailers. The deal was worth $55M in cash, and had been announced in June. ShippingEasy had been one of Stamps.com's primary competitors in serving e-commerce providers.

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Hertz Aims At Uber, Lyft Drivers In Los Angeles
Rental car giant Hertz is aiming at Uber and Lyft drivers in Los Angeles, with a new program which will provide low, set rates for its automobiles to those drivers working for either one or both of the services. According to Hertz, the two, separate deals with Uber and Lyft provide the ability for the two to offer up its vehicles as a set rate, for vehicles rented from specified off-airport Hertz locations that give on-site support. Hertz said the deals will allow drivers to drive its vehicles f (More info...)

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Wyle Acquired By KBR For $570M
El Segundo-based Wyle, the provider of outsourced engineering and scientific services to the Federal Government, has completed its acquisition of fellow professional services provider KBR. The deal was worth $570M in total. The two companies said they willl combined under the brand "KBRwyle", and continue to service Wyle's existing customers. The deal had been announced earlier in May. The two said that Wyle will become business unit within KBR's Government Services business segment.

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NuVasive Acquires Biotronic NeuroNetwork
San Diego-based NuVasive, a developer of medical devices aimed at the spine surgery market, said it has acquired Biotronic NeuroNetwork, a provider of intraoperative neurophysiological monitoring services. Financial terms of the buy were not announced. NuVasive said that Biotronic will become part of a new, NuVasive Clinical Services unit. NuVasive said it expects the acquisition will allow it to deliver intraoperative neurophysiological monitoring services to surgeons and healthcare facilities.

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American Industrial Systems Sells Majority Stake To Foxconn
Irvine-based American Industrial Systems, a provider of engineering services and products for the Interet-of-Things, oil and gas, industrial automation, and other markets, has sold a 60 percent stake of the company to Ennoconn. Financial terms of the sale were not announced. Ennoconn is a subsidiary of Taiwan's Foxconn Technology Group. Nelson Tsay is the founder and CEO of American Industrial Systems, which will become part of Foxconn's IPC Business Group. AIS was founded in 2005. Foxconn is a (More info...)

posted on Tuesday, July 5, 2016(Full story)

OneRoof Energy Sells Off Solar Project Assets
San Diego-based residential solar installer OneRoof Energy announced on Monday that it has sold 19.8MW of its solar project assets, in a deal worth approximately $61M. OneRoof Energy said it will initially received $19M, with an additional $42M being paid in additional tranches through September 2016. The company said the proceeds ofd the sale will go to repay amounts due under its current onstruction loan facility. The sale comes as the company lost its COO and CFO, and also cut its staff, shif (More info...)

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