Tuesday, June 21, 2016Verve Buys Roximity, Raises $30M In DebtVerve, a provider of location-based advertising technology which has operations in San Diego, said this week that it has acquired wireless beacon startup Roximity, and raised $30M in a debt funding. Financial details of the acquisition were not announced. The debt funding came from Silicon Valley Bank. According to Verve, a portion of the debt went towards the acquisition. Roximity develops Bluetooth-based beacons, which are used by retailers and marketers to better track consumers in retail loc (More info...)
posted on Tuesday, June 21, 2016(Full story)
Telogis Acquired By VerizonAliso Viejo-based Telogis, which develops connected vehicle software, has been acquired by Verizon, Verizon announced on Tuesday afternoon, saying it would
become part of Verizon Telematics. Financial terms of the acquisition were not announced. Verizon said the buy would bring a "world-class" software platform and new distribution relationships to its telematics efforts. Telogis was advised by J.P. Morgan and Paul Hasting LLP in the deal, with Verizon advised by PJT Partners and Wells Fargo S (More info...)
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Mobile Roadie Names New CEO, CTOMobile Roadie, the mobile app creation and marketing software developer--which was recently acquired by Intellectsoft--said it has named Gino Padua as its new Chief Executive Officer, and Vova Soroka as its new Chief Technology Officer. Padua was most recently Chief Revenue Officer at AppsFreedom, and has been at Intellectsoft for the last three years. Soroka was previously Vice President of Development Operations at Toluna, and also spent 16 years at IBM in Israel. The company has moved its he (More info...)
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Livit Names Head Of Sports StreamingLos Angeles-based Livit, which is a developer of a live, mobile, virtual reality streaming app and service, said today that it has named Marty Corwin as the company's Director of Global Sports. Corwin has previously served at such companies as Top Rank Boxing, ESPN, Viacom, DirecTV, FOX, FIFA, Paramount Stations Group, CBS Network, HBO, Showtime, Don King Productions and UFC. Livit said Corwin recently produced the first, pay-per-view event in VR during the recent Pacquiao fight against Timothy (More info...)
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OpenX Expands To Culver CityLos Angeles-based advertising technology and ad network operator OpenX is expanding in the Los Angeles area, saying this morning that it has opened up a new, Culver City office. The office is the company's seventh office worldwide, and the third in California. According to OpenX, the new office gives it better access to talent, especially on the west side, helping those employees achieve a better work-life balance. OpenX--which is based in Pasadena--can be a tough commute for those on the west s (More info...)
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Hyperloop One Inks Partnership With Moscow On Russian Transport SystemLos Angeles-based Hyperloop One, one of the local companies which is looking to bring Elon Musk's idea of high speed transportation to reality, reported today that it has signed a Memorandum of Understanding (MOU) with the city of Moscow, to explore building high-capacity, passenger systems in the Russian city. Hyperloop One said the MOU came in conjunction with infrastructure provider The Summa Group, which it says has "significant" infrastructure investments in Russia. Financial details of the (More info...)
posted on Tuesday, June 21, 2016(Full story)
Qualcomm Expands GNSS SupportSan Diego-based Qualcomm said today that it is now broadly supporting the
European Galileo Global Navigation Satellite System (GNSS) across its entire range of products. GNSS is the European equivalent of the GPS systems, offering up global satellite positioning services. Qualcomm says the GNSS support comes on top of existing support for the GPS, GLONASS, BeiDou, QZSS, and SBAS satellite location services. Qualcomm said the GNSS support is now available on its Qualcomm Snapdragon 800, 600, an (More info...)
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Blueprint Bio Raises $7.5MBlueprint Bio a developer of biomarker technology for the personalized medicine market, has raised $7.5M from Murrieta-based Forentis Partners. Blueprint Bio has offices in Murrieta, along with Philadelphia and Rochester, MN, at the University of Pennsylvania and the Mayo Clinic. According to Forentis Partners, the funding is the first funding out of its $50M, special purpose venture fund focused on biotechnology, its Forentis Fund. Blueprint Bio is led by Matthew Nunez.
posted on Tuesday, June 21, 2016(Full story)
Kite Pharma Opens New Facility In El SegundoSanta Monica-based biopharmaceuticals developer Kite Pharma has opened up a new, 43,500 square foot manufacturing facility in El Segundo, the company said today, to manufacture its cancer immunotherapy products. According to Kite Pharma, the new facility will support production of its chimeric antigen receptor (CAR) and T-cell receptor (TCR) product candidates for clinical trials, along with commercial launch of its lead T-cell product candidate, KTE-C19. The company said the facility is estimat (More info...)
posted on Tuesday, June 21, 2016(Full story)
OSI Systems Acquires American Science and EngineeringHawthorne-base OSI Systems, which develops electronics systems for the homeland security, healthcare, and other markets, said this morning that it has acquired American Science and Engineering, Inc. (AS&E), in a deal worth approximately $187M. OSI said it would pay $37.00 per share in cash for A&E, which makes backscatter X-ray inspection equipment used for screening cargo, parcel, and personnel. OSI Systems said it will fund the acquisition from an existing, $450M credit facility. OSI Systems w (More info...)
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iGulu Aims To Develop Smart Beer Brewing MachineLos Angeles-based iGulu, a startup developing an automated, smart craft beer brewing machine, says it has raised $701,416 in funding via an Indiegogo campaign, for its development efforts. The company's automated craft brewing machine is expected to be delivered in Q3, according to the company. The company is led by CEO Shu Zhang; the company is charging $549 for its devices in pre-order. The company's operations and manufacturing are in China. The company competes against smart beer brewing mac (More info...)
posted on Tuesday, June 21, 2016(Full story)