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Final Draft Names President

socalTECH

Burbank-based Final Draft --which is owned by software developer Cast & Crew --says it has named Shelly Mellot as President of the company. According to Cast& Crew, Mellott has been at Final Draft for 14 years, having joined the company in 2006. Final Draft is a developer of screenwriting software.

Burbank 113
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Carpe Data Finds $6.6M

socalTECH

According to the company, the new funding will go towards sales and product development. Drucker was previously co-founder of Social Intelligence, and also co-founded Steel Card, an enterprise software company focused on software, which was sold to ChoicePoint in August of 2006. Carpe Data is led by Max Drucker.

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Maximize Your Exit By Not Selling Your Company

InfoChachkie

My House Is Not For Sale. However, in many cases, acquiring companies behave less rationally than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale.

Company 100
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Electro Rent CFO Retires

socalTECH

Van Nuys-based Electro Rent , which provides rental, leasing, and sales of electronics test and other equipment, said today that its CFo, Craig Jones, is retiring from the company. Jones--who is 69--has been at the company for 26 years. READ MORE>>.

Van Nuys 100
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TVC Capital Backs Celigo

socalTECH

Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. Hammerslag joins the company's board of directors. Celigo said the funding will go to expand sales, marketing, and product development. A part of the funding, TVC Capital's Steven J.

Capital 100
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LightPointe Wireless Expands In Europe

socalTECH

The firm said it has hired Patrick Cardon as Director of Sales for Southern Europe as part of the expansion. LightPointe is owned by Berg & Berg Enterprises, which acquired the company in 2006. LightPointe had originally been venture backed, and was acquired after a Chaper 11 bankruptcy back in 2006. READ MORE>>.

San Diego 140
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Zadara Storage Raises $3M From Toshiba

socalTECH

Irvine-based Zadara Storage , which develops cloud connected, block and file-based storage devices for the enterprise, has raised $3M in a funding round, the company said today. Zadara Storage said the funding will go towards sales, support, and engineering. Nahum had headed StoreAge when it was acquired by LSI Corporation in 2006.