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Ixia Acquires Net Optics

socalTECH

Calabasas-based network testing equipment and software developer Ixia announced Tuesday that it is acquiring Net Optics , a developer of network and application analysis products. Ixia said it will pay $190M in cash for Net Optics.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. Let’s set up a framework.

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Honey Acquired By PayPal For $4 Billion

socalTECH

PayPal said the acquisition will help it in its efforts in digital commerce, and add an "extensive" set of consumer commerce capabilities to the company. Honey was founded in 2012 by George Ruan and Ryan Hudson. READ MORE>>.

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Moviepilot Goes Native, Bets On LA, US Market

socalTECH

The move puts the company''s focused squarely on its Los Angeles operations. The sale netted the company $20M, which it will use to fund its U.S. Moviepilot''s web site focuses on film recommendations, film discovery, and the company also helps studios with social media campaigns.

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Exec Search Underway at PacBio After CEO, CFO Announce Plans to Retire

Xconomy

Gene sequencing company Pacific Biosciences of California is seeking two new leaders in the wake of retirement announcements by a pair of longtime top executives. Previously Hunkapiller, a DNA sequencing industry veteran, spent more than. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Western Digital Reports Record Results

socalTECH

billion, and net income of $1.6 billion for its fiscal 2012. The publicly held company said that compares to a fiscal 2011 revenue of $9.5 billion and $726 million in net income. The company now has now amassed a huge, $3.2 billion in cash and cash equivalents, after generating $1.1

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

Our last fund we raised was in 2012 and we began investing it in April of 2012. In case you didn’t know, many VCs target a 3-year investment horizon for a fund and after that the fund mostly does only follow-on investments in companies in that portfolio. Family Offices (of high-net-worth individuals or families).