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Visa Completes Verifi Acquisition

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Payment giant Visa announced this morning that it has completed its acquisition of Los Angeles-based Verifi , which develops software and technology to reduce chargebacks for vendors who take credit cards. Verifi had been led by CEO Matthew Katz, and was founded in 2005. READ MORE>>.

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Mighty Oak Entertainment Gets Investment

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Los Angeles- and Atlanta-based Mighty Oak Entertainment , which produces sports clips for traditional, digital, and streaming, has received an investment from former MGM Television President John Bryan and entrepreneur and KDOCTV (Los Angeles) owner Bert Ellis, Jr., the company said last week. READ MORE>>.

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Verifi Acquired By Visa

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Los Angeles-based Verifi , a developer of financial software tools used to reduce chargebacks for merchants, has been acquired by Visa , in order to boost Visa's tools for reducing chargebacks. Financial details of the acquisition were not announced. Verifi had been led by CEO Matthew Katz, and was founded in 2005.

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FastSpring Acquired By Accel-KKR

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Financial details of the acquisition were not announced. FastSpring was founded in 2005, and is led by CEO Chris Lueck. FastSpring had been backed by Los Angeles-based investment firm Pylon Capital, and counts such customers as Adobe and Microsoft. FastSpring was advised by Raymond James in the deal.

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EcoSense Lighting Buys Journee Lighting

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Los Angeles-based LED lighting manufacturer EcoSense Lighting has acquired fellow LED lighting developer Journee , according to EcoSense. Financial terms of the acquisition were not announced. Journee was founded by Clayton Alexander in 2005. EcoSense Lighting is led by Mark Reynoso.

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Student of Fortune Acquired By Chegg

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Los Angeles-based Student of Fortune , the online tutorial marketplace and homework help site headed by Sean McCleese, has been acquired by textbook marketplace site Chegg , Chegg said Friday. Financial terms of the acquisition were not disclosed. Student of Fortune was founded in 2005. READ MORE>>.

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Verizon Digital Media Acquires Volicon

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Los Angeles-based content delivery network provider Verizon Digital Media Services --which is better known to locals as the former operations of EdgeCast--said it has agreed to acquire Volicon , a provider of video capture, archival, compliance monitoring and clip creation workflow for broadcasters. READ MORE>>.