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Networks In Motion Acquired For $170M

socalTECH

Aliso Viejo-based Networks In Motion , a developer of location-based, wireless navigation software, has been acquired for $170M. TeleCommunications Systems said it was advised by Raymond James & Associates in the deal, with Networks In Motion advised by Jeffries & Co. READ MORE>>.

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Ortiva Wireless Finds $8.0M More

socalTECH

La Jolla-based Ortiva Wireless , a developer of wireless software used for handling video streaming over mobile networks, has raised $8.0M funding round, according to a recent regulatory filing by the firm. The funding included prior investors Artiman Ventures, Mission Ventures, and Comcast Interactive Capital.

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Nirvanix Ties With CommVault

socalTECH

San Diego-based cloud storage firm Nirvanix is further bolstering its focus on enterprise customers, saying today that it has partnered with enterprise storage software provider CommVault. Nirvanix said CommVault customers can select the firm's Storage Delivery Network (SDN) product via a drop-down selection within the Simpana software.

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Nirvanix Adds Nasuni

socalTECH

San Diego-based cloud storage provider Nirvanix has added a new customer of the firm's storage service, Nasuni , a Massachusetts startup providing virtual file server software. Nirvanix is backed by Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund. READ MORE>>.

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Nirvanix Ties With Ocarina

socalTECH

San Diego-based Nirvanix , which operates a cloud-based storage service used for storing data over the Internet, said today that it has partnered with Ocarina, a provider of data reduction software. Nirvanix is backed by Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund.

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Nirvanix Hires Three With Enterprise Focus

socalTECH

Foskett has previously served at Contoural, GlassHouse Technologies, and StorageNetworks; Gidwani has served at Stratoform Technologies, Drivecam, Qualcomm, Cisco, and Applied Materials; and Schwarzentruber was at Continuity Software. Tags: executive saas data networking storage nirvanix. READ MORE>>.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Alex Roudi, the San Diego investor backing the Plug and Play program here, has described the local effort as a bridge to Silicon Valley, by enabling the San Diego companies to make connections and raise funding in the Bay Area. The other partners are Edward Adato and Daniel Schwarzblat.). “I billion under management. It’s really cool.”.