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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship.

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LumaTax Raises $2M For Small Business Tax Reporting Software

socalTECH

LumaTax , a new startup has offices in both San Diego and Seattle, Washington, has raised $2M in a funding, the company said on Thursday. The startup is led by Robert Shulte, who was founder of sales tax software provider Taxient, which was based in San Diego, and who he sold to tax software developer Avalara in 2010.

Software 100
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Qualcomm To Pay $940M To BlackBerry Limited

socalTECH

San Diego-based Qualcomm has agreed to pay $940M to BlackBerry Limited , in a conclusion of an arbitration case, over overpayment of royalties by BlackBerry to Qualcomm, BlackBerry said on Friday. The payment comes as a result of overpayments by BlackBerry between 2010 and 2015. READ MORE>>.

San Diego 147
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ecoATM: Two Million Devices Recycled

socalTECH

San Diego-based cell phone recycling kiosk maker ecoATM -- which was recently sold to Outerwall -- reports that it has now reached more than two million phones and devices recycled in its four year history. ecoATM was acquired for $350M in July of 2013 by Outerwall (formerly known as Coinstar). READ MORE>>.

San Diego 168
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Man Guilty In Murder of Angel Investor

socalTECH

In the end of a sad saga for the startup investment community in Southern California, a San Diego man has been convicted in the murder of a Tech Coast Angels member last year. The San Diego Union Tribune reported that Kent Thomas Keigwin has been convicted of the murder of angel investor and retired biotech executive John G.

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Active Network Revenues Up In Q1, Sets Trading Symbol

socalTECH

San Diego-based Active Network , the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M Revenues were up 15% from the quarter ending March 30, 2010, when the firm reported a net loss of $12.4M on revenues of $72.71M for the three months ended March 31, 2011.

Activity 145
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Awarepoint Raises $9M

socalTECH

San Diego-based Awarepoint , a developer of enterprise, real-time location systems for the hospital market, has raised $9M in a financing round, the firm has announced. The firm said the new funding brings its total raised to $20M in 2010. The firm said the new funding brings its total raised to $20M in 2010.

SoCalTech 150