Thu.May 21, 2015

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Premature scaling kills businesses.

Berkonomics

Venture capitalists sometimes make an error in directing their portfolio company CEOs to push resources to the limit and scale the business to immense size quickly, all to seize market share. The logic in this is simple: once a company has market share, other issues can be sorted out to monetize the market, make the company profitable, scoop up wavering competitors, or even sell the company to a larger firm looking for a large customer base.

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Frost Data Capital Backs Maana For Big Data Search

socalTECH

San Juan Capistrano-based Frost Data Capital , the investment and incubation effort led by Stuart Frost, has backed Maana , the developer of a big data search engine technology. Maana said Wednesday that it raised $14M in a funding round, which came from Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, and Intel Capital.

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Mutli-Cloud: The Future of Cloud Computing?

Tech Zulu Event

The hype surrounding cloud computing is not easily dismissed, especially considering how many businesses are adopting it for their operations. The benefits of the cloud are by now well-documented, helping companies become more productive, reach news levels of capabilities, and save on costs in the long run. All of these advantages are impressive enough on their own, and cloud adoption levels reflect how much faith businesses are putting in the technology.

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Sonos Expands In Seattle

socalTECH

Santa Barbara-based Sonos is expanding its footprint, saying that it is opening up a new office in Seattle, Washington. Sonos said the new office will let it tap into both music and technology talent in the Pacific Northwest. The company now has offices in Santa Barbara, Boston, Seattle, The Netherlands, France, Germany, Denmark, The United Kingdom, and China.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Kofax Wins $1.2M Deal

socalTECH

Irvine-based Kofax reported a $1.2M win Wednesday with a global engineering, architecture, and environmental firm. The name of the customer was not disclosed. Kofax aid its customer is using its products to automate it human resources onboarding and change request processes, and will modernize its accounts payable processing and handling of more than 140,000 invoices per year.

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Ixia Partners On Automotive Networking Testing

socalTECH

Calabasas-based network measurement equipment and software developer Ixia is in a partnership to provide Ethernet validation and conformance testing for the automotive industry, according to the company. Ixia said it has partnered with C&S Group on the effort to safeguard, validate, and optimize automotive Ethernet communications. Ixia said that Ethernet networking is quickly becoming the standard being used for in-vehicle communications.