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Tekelec Acquired By Oracle

socalTECH

Tekelec , a developer of telecommunications switching equipment which had its roots in Southern California, has been acquired by Oracle , Oracle announced this morning. Tekelec had started in Southern California back in 1978, and had been a onetime technology darling when it had its IPO back in 1986. READ MORE>>.

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Cheers Gains $2.5M To Spread Happiness, Joy

socalTECH

Mohit is one of the pioneers of the Southern California high tech industry, having founded Bizrate back in 1995, based on his thesis at Wharton. Scripps for $525M in 2005. Bizrate eventually became Shopzilla, and was acquired by E.W. Cheers launched last February. READ MORE>>.

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Surveying SoCal's M&A Landscape, with David Siemer

socalTECH

One of the most frequent questions from high tech startups is: where''s my exit? That''s true of many Southern California ad-tech companies. For California investments in general, the funding has kicked up pretty remarkaably. The problem is diseconomy of scale. Their only option is an IPO.

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Interview Dan Dato and Bruce Brown, Upstart.LA

socalTECH

Although Los Angeles has become a hub for the high tech startup world, Surprisingly, one of the things which hasn't happened in the Los Angeles area is any huge, successful venture acceleration programs. I moved to Southern California in 1992, when Microsoft transferred me to here.

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