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Accruent Acquired By Genstar Capital

socalTECH

Accruent , the developer of real estate, facilities, and asset management software which was founded by Mark Friendman, has been acquired by private equity investor Genstar Capital. The company was based in Santa Monica until recently, when it moved its headquarters to Texas; the company still has a Santa Monica office.

Capital 113
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Nexiant Plans Major Upgrade

socalTECH

Lake Forest-based Nexiant , the developer of software-as-a-service for materials management (MRO), said this morning that it is planning a major software release. The entire software will deploy on Microsoft's Windows Azure cloud. The company said deployments will begin in early 2012. READ MORE>>.

Innocal 124
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Software Patents are Becoming a Tax on Innovation

Startup Professionals Musings

I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The bad news is that patent trolls can squeeze the lifeblood out of innocent and unsuspecting entrepreneurs, as exemplified by the current mess around Lodsys patent No.

Patents 91
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Mojix Expands RFID Line

socalTECH

Mojix develops hardware used to extend the reach of current RFID systems, and is venture backed by Oak Investment Partners, Red Rock Ventures, and InnoCal Venture Capital. Separately, the firm said it has rolled out its Mojix eLocation software into field trials in the U.S. READ MORE>>

Innocal 100
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Choose Your VC Investor Carefully

Both Sides of the Table

Keeping a blog has been great because so many entrepreneurs have written me with questions about their companies and I’ve gotten to know many of you personally through the process. I have a term for these kinds of investors who have no real experience with how to build companies – VC Seagulls. Let me explain.

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Interview with Dr. Ramin Sadr, Mojix

socalTECH

The company has developed technology which uses deep space communications techniques to dramatically extend the range of passive RFID tags, used for things like supply chain automation, asset tracking, and warehouse operations. Mojix is venture backed by Oak Investment Partners, Red Rock Ventures, and Innocal.

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Roping in the Legal Eagles

InfoChachkie

Yet, despite his exceptional courtroom theatrics, you would be foolhardy to hire good old Johnnie to review your software cross-licensing agreement. A startup-oriented lawyer may not be able to convince a jury of a guilty man’s innocence, but they can guide your adVenture through the menacing legal shoals it will no doubt face.