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IPO Market Surpasses 2008, 2009, According to Report

socalTECH

A new report today released by PwC finds that the market for initial public offerings (IPOs) has jumped significantly in 2010, with volumes exceeding both 2008 and 2009 levels. A number of other companies have filed but have yet to reach the markets, including Peregrine Semiconductor, Demand Media, and Cornerstone OnDemand.

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Demand Media Sells Pluck

socalTECH

Los Angeles-based Demand Media has sold its social media software arm, Pluck , to New York-based Sprinklr , the companies said Thursday. Pluck, which is based in Austin, was founded in 2003, and had been acquired by Demand Media in 2008 in a deal worth $56.3M. demand media pluck merger acquisition social software'

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True(X) Media Finds $6M

socalTECH

Los Angeles-based True(X) Media --which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round. The company has now raised over $50.85M in funding since 2008. truex media socialcibe svnetwork venture capital online advertising technology' READ MORE>>.

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Breakout Companies of 2008

SoCal Tech Calendar

Thursday, February 26, 2009 -- Breakout Companies of 2008. Amidst many of the financial challenges of 2008, several San Diego companies achieved successful milestones, financial growth, or other accomplishments that set them apart from the pack. San Diego Venture Group.

Company 100
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Specific Media Promotes Schulz

socalTECH

Irvine-based Specific Media , a provider of contextual, online advertising services, announced today that it has promoted Jon Schluz to Executive Vice President. According to Specific Media, Schulz will help the firm develop overall company strategy and direction. Schulz had joined the firm in 2008. READ MORE>>.

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Topspin Media Opens Up Signups

socalTECH

Los Angeles-based Topspin Media , the music marketing and software firm headed by Ian Rogers, has opened up general signups for its service, the firm said Wednesday in Austin. Topspin--which has been operating in an invite-only mode since 2008--said it will now allow "all comers" to use the service.

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Sorenson Media Launches New Product For Servers

socalTECH

San Diego-based Sorenson Media , the developer of video encoding and decoding software headed by Peter Csathy, said late last night that it has launched a new product, Sorenson Squeeze Premium. The new product is a version of its standard Squeeze video encoding software specifically aimed at running on windows Server 2008.

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