Friday, July 18, 2014Omnitracs Moves To TexasIn an unsurprising--albeit, still painful--move, San Diego-based fleet management software developer Omnitracs is moving its headquarters, and a significant number of jobs, to Dallas, Texas. The move--which has been in the works since at least February--follows the company's acquisition by Vista Equity Partners back in August of 2013. Omnitracs was formerly part of Qualcomm. Texas Governor Rick Perry said the state paid $3.9M in an investment in Omnitracs to spur the move, which takes 450 jobs o (More info...)
posted on Friday, July 18, 2014(Full story)
TubeMogul Prices IPOTubeMogul, which develops software to help advertisers with their online video buying, priced its IPO last night, offering up 6,250,000 shares of its common stock at $7.00 per share. The company will starts trading this morning on the NASDAQ Global Select Market as TUBE. TubeMogul--which is based in Emeryville, but has a operations in Los Angeles--is backed by Trinity Ventures, Foundation Capital, and Northgate Capital. The company's IPO was underwritten by BofA Merrill Lynch, Citigroup, RBC Ca (More info...)
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Boingo Wireless Names Rosenzweig To BoardLos Angeles-based Wi-Fi and small cell provider Boingo Wireless announced Thursday afternoon that it has added Los Angeles technology veteran Lance Rosenzweig as a new member of the company's board of directors. Rosenzweig is the CEO of Aegis USA, and was founder of Los Angeles-based PeopleSupport. Rosensweig sold PeopleSupport to Aegis back in 2008. Rosenzweig also sites on the boards of Quality Systems Inc. and Apptera Inc. Boingo Wireless said the addition of Rosenzweig will help the company (More info...)
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Wallaby Launches Samsung Gear AppPasadena-based Wallaby, the credit card optimization app developer led by Matthew Goldman, has rolled out a new app for the wearable market--running on the Samsung Gear 2. Wallaby said its app helps users with real-time, financial decision making, which helps users figure out which credit card to use, monitor their credit card balances, and also helps them with other personal finance tasks. The app is the third, wearable app from Wallaby, which also recently released apps for Google Glass and Pe (More info...)
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Startups Selected For Siemer WaveMaker AwardsFive startups have been named winners at the Siemer Summit, the tech confab which has been being held in Santa Monica for the past couple of days by local investment banking company and investor Siemer Ventures, highlighting some of the top startups in the region. The winners--who were announced Thursday evening at an awards event which was the culmination of the two day conference--were Silver Push (Hang Ten Award); Ninja Metrics (Impact Zone); Omaze (Party Wave); Epoxy (Point Break Award); Shi (More info...)
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Southern California Startups Raise $761.12M in Q2 2014The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association's MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. The numbers are based on data provided to the two by Thomson Reuters. According to the report, there was $472.15M invested in Los Angeles, $222.4M invested in San Diego, and $66.53M invested in Orange County during (More info...)
posted on Friday, July 18, 2014(Full story)