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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

San Diego-based Somaxon , a developer of treatments for insomnia, has been acquired by Pernix Therapeutics Holdings , in a deal worth $25M. Somaxon had 12 months net sales of approximately $11.7M Somaxon had 12 months net sales of approximately $11.7M Somaxon was represented by Stifel Nicolaus Weisel in the acquisition.

San Diego 147
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Peregrine Semiconductor Updates IPO Filing

socalTECH

San Diego-based Peregrine Semiconductor , the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M for the three months ended March 26, 2011. That compares with net income of $1.0M on revenues of $21.2M on revenues of $22.9M for the similar quarter in 2010.

.Net 153
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Kythera Files For IPO

socalTECH

Calabasas-based KYTHERA Biopharmaceuticals , a developer of biopharmaceuticals for the aesthetic medicine market, has filed for an IPO. The firm reported a net loss of $11.1M on license income of $12.98M in 2011. According to the firm's S-1 filing, Kythera is looking to raise up to $86.25M on the NASDAQ Global Market as KYTH.

Calabasas 124
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ServiceNow Files For IPO

socalTECH

San Diego-based ServiceNow , the developer of cloud-based, enteprise IT automation software, filed for an IPO Friday, saying that it is looking to raise up to $150M in an IPO on the NYSE. The firm reported a net loss of $6.6M on revenues of $73.375M for the year ended December 31, 2011. READ MORE>>.

San Diego 113
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Blackboard Acquires Elluminate and Wimba

Tech Zulu Event

The technologies are used to supplement traditional courses, to support full distance learning courses, and to facilitate a variety of other collaborative interactions including virtual office hours, team meetings, professional development, student projects and mentoring and tutoring opportunities.

.Net 49
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Should Startups Focus on Profitability or Not?

Both Sides of the Table

While Google and Facebook will buy “acquihires” (at least as of Dec 2011), many acquirers hate the idea of buying companies that aren’t profitable. When they look at buying your company they often think in terms of “how long will it take until I earn back the profits to pay for my acquisition price?”

Startup 418
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Why Google Fiber? Moat-widening Endeavor & Future of Computing.

Tech Zulu Event

Once Larry and Sergey developed search’s secret sauce, PageRank, they backwards-integrated into server-side software technologies to power and scale search. Although Google doesn’t create every piece of server-side infrastructure that it needs, it has developed quite a few. Search is just another web application.

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