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Ixia Acquires Net Optics

socalTECH

Calabasas-based network testing equipment and software developer Ixia announced Tuesday that it is acquiring Net Optics , a developer of network and application analysis products. Ixia said it will pay $190M in cash for Net Optics.

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Honey Acquired By PayPal For $4 Billion

socalTECH

Honey was founded in 2012 by George Ruan and Ryan Hudson. PayPal said that Honey was profitable on a net income basis in 2018, and that it expects the acquisition to be acrretive to its non-GAAP earnings per share in 2021. READ MORE>>.

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AutoGenomics Files For IPO

socalTECH

AutoGenomics said it had net income of $459,000 on net revenues of $8.69M for the first six months of 2012. The firm's IPO is being underwritten by Leerink Swann, Stephens Inc., Mizuho Securities, and Cantor Fitzgerald & Co. READ MORE>>.

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Moviepilot Goes Native, Bets On LA, US Market

socalTECH

The sale netted the company $20M, which it will use to fund its U.S. Moviepilot set up shop in LA in 2012 , due to the entertainment industry''s base here. The move puts the company''s focused squarely on its Los Angeles operations. Moviepilot is venture backed by T-Venture, Grazia Equity, IBB Beteiligungsgesellschaft, and angels.

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Exec Search Underway at PacBio After CEO, CFO Announce Plans to Retire

Xconomy

Hunkapiller has served as chief executive since 2012, when he succeeded former company head Hugh Martin , stepping into the position about 15 months after the company went public and netted about $200 million. Previously Hunkapiller, a DNA sequencing industry veteran, spent more than.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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Western Digital Reports Record Results

socalTECH

billion, and net income of $1.6 billion for its fiscal 2012. billion and $726 million in net income. Irvine-based disk drive maker Western Digital reported its annual results last night, saying that it had record revenues of $12.5 The publicly held company said that compares to a fiscal 2011 revenue of $9.5

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