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Internet Brands 2009 Acquisition Total: $24.2M

socalTECH

Los Angeles-based Internet Brands revealed it spent $24.2M in acquisitions, earnout, and holdbacks during 2009, as part of its 2009 fiscal results release. million in January. million in January. Internet Brands said it had net income of $4.3M in the fourth quarter on revenues of $27.7M.

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Fastpoint Games Seeks Buyer, Winds Down Site

socalTECH

Los Angeles-baaed Fastpoint Games , the online fantasy game development shop headed by Kelly Perdew, is winding down its website, according to a notice on the firm's site, and is now looking for a buyer. and SCP Worldwide, and last raised funding in 2009, raising a total of $10M in funding. READ MORE>>.

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Los Angeles Tech Launched - Hot List

SoCal CTO

I'm happy to announce the launch of the Los Angeles Tech Content Community. This is the beginning of a content community that collects and organizes the best content from blogs and web sites. The goal is to create a place where it's relatively easy to find current content and highly relevant content surrounding Los Angeles Technology.

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AssetAvenue Hires Early Indiegogo Employee

socalTECH

Los Angeles-based AssetAvenue , the real estate crowdfunding site led by David Manshoory, has snagged the first employee out of Indiegogo. According to AssetAvenue, it has hired Adam Chapnick, who was the first employee out of the Indiegogo crowdfunding site back in 2009. READ MORE>>.

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Amazon Takes On Local Service Referrals In LA

socalTECH

Amazon.com is in a bid to take a share of the Los Angeles market for local referrals for handymen and service providers, as Los Angeles continues to be a major launch market for on-demand, services marketplaces.

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Internet Brands Buys Two Web Sites, Looks To Future Acquisitions

socalTECH

Los Angeles-based Internet Brands disclosed Tuesday as part of its earnings report that the firm has purchased two web sites, BensBargains.net, and GrooveJob.com. The firm also said it has acquired another unnamed site, which was completed subsequent to Q3. on those web site buys. on those web site buys.

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Evolve Media Buys RealityTea.com, WebEcoist.com

socalTECH

Los Angeles-based Evolve Media Corp. , the parent firm of AtomicOnline, SheKnows, and a network of other digital media sites, announced this morning that it has acquired two sites-- RealityTea.com , focused on reality entertainment, and WebEcoist.com , a green living site. READ MORE>>.