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mophie Acquired By ZAGG For $100M

socalTECH

Tustin-based mophie , the developer of cell phone cases and other mobile accessories, is being acquired by fellow mobile case maker ZAGG , the two said late Tuesday. According to ZAGG, it will pay $100M, plus earn out, for mophie, creating a new mobile accessory company with 2015 net sales of approximately $470M. READ MORE>>.

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ResMed Acquires Brightree For $800M

socalTECH

San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree , in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015.

San Diego 100
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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Pernix Therapeutics is slashing its headcount by more than 20 percent as the specialty pharmaceutical company tries to move toward profitability after a streak of acquisitions. As of the end of 2015, Pernix reported a headcount of 274. Those acquisitions helped Pernix reach $175.8 Those acquisitions helped Pernix reach $175.8

Sales 40
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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

Twilio has now raised around $235 million, including a July 2015 round totaling $130 million. Thus, he naturally viewed Twilio's toolsets as rudimentary and easy to copy - easy for him and his world-class team of VoIP engineers, but not so easy for the average developer. Yet most VC's bury their failures under six feet of denial.