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Verifi Acquired By Visa

socalTECH

Verifi develops dispute resolution tools used to help buyers and sellers resolve disputes. Verifi had been led by CEO Matthew Katz, and was founded in 2005. Visa said it will integrate Verifi's chargeback tools with its own risk management services, including its service delivered by CardinalCommerce and CyberSource. READ MORE>>.

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TeleSign Names Co-Founder To CEO Post

socalTECH

Disraeli co-founded TeleSign with Stacy Stubblefield and Darren Berkovitz in 2005. According to TeleSign, Disraeli will help continue the firm's focus on its core business areas, plus investment in new solutions for its customers. TeleSign was acquired by BICS in 2017, and now has more than 300 employees. READ MORE>>.

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Visa Completes Verifi Acquisition

socalTECH

Visa said the buy will help it extend its dispute resolution capabilities to support a broad range of payments brands and partners across the ecosystem. Verifi had been led by CEO Matthew Katz, and was founded in 2005. Financial details of the deal, which was first announced in July , have not been announced. READ MORE>>.

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Student of Fortune Acquired By Chegg

socalTECH

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. Student of Fortune was founded in 2005. Financial terms of the acquisition were not disclosed. READ MORE>>.

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Xirrus Acquired By Riverbed

socalTECH

Thousand Oaks-based wireless networking equipment maker Xirrus has been acquired by Riverbed , to help bolster its SD WAN efforts, the two said on Wednesday. The acquisition comes just over 12 years after Xirrus was founded by Dirk Gates in 2005. Financial terms of the acquisition were not announced.

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Verizon Digital Media Acquires Volicon

socalTECH

Verizon Digital Media Services, which is now part of AOL, said it will use the acquisition to help it bolster its servies in the area of broadcast and online video. Volicon was based in Massachusetts, and had been founded in 2005. Financial terms of the acquisition were not disclosed. READ MORE>>.

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Takeda Unites San Diego Operations At New ‘Biotech-Style’ R&D Center

Xconomy

In 2005, Japan’s big drug firm Takeda acquired a company in North America for the first time. That company was Syrrx, a private San Diego-based biotech that used X-ray crystallography to help determine the structures of disease-related molecules so drugs could be designed to target them.