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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. Financial terms of the acquisition were not disclosed.

Capital 113
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Mojix Ships Software, Inks Deal With Integrator

socalTECH

Los Angeles-based Mojix , a venture backed developer of RFID technology, said this morning that it has released a new, software product targeted at RFID asset and process management. Mojix said its new software product ties into its hardware to provide "end-to-end" real-time location of assets and goods. READ MORE>>.

Software 100
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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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Nexiant Names New CEO

socalTECH

Lake Forest-based Nexiant , a provider of products for materials management and supply chain management software and hardware, said this week that it has named Bill Sickler as CEO of the firm. Sickler has previously served as Network Computing, Gadzoox Networks, Arzoon, Arcwave, and Ungermann-Bass.

Innocal 140
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Nexiant Adds Board Member

socalTECH

Lake Forest-based Nexiant , a developer of materials management software tools, announced this morning that it has named Michael Aghajanian to its board. Nexiant's software-as-a-service is used to control, management, and optimize industrial supply chains. Nexiant said that Aghajanian has over 25 years of experience in the field.

Innocal 133
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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