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The Gores Group Sells Enterasys To Extreme Networks

socalTECH

Los Angeles-based private equity firm The Gores Group said today that it has closed a transaction to sell Enterasys Networks to Extreme Networks, via its joint venture with Siemens AG. Gores bought Enterasys back in 2006 for $386M. gores group extreme networks enterasys merger acquisition private equity' READ MORE>>.

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Miven Venture Partners Gets IPO Exit At A10 Networks

socalTECH

Newport Beach-based Miven Venture Partners , the private investment arm of Linksys founder Victor Tsao, has scored an exit in one of its portfolio companies, A10 Networks , after that company''s successful IPO this morning. Miven had invested in A10 Networks way back in 2006, as part of a Series B funding round for the company.

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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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Ixia Names New CFO

socalTECH

Calabasas-based Ixia , the network testing hardware and software developer, said Tuesday that it has named Brent Novak as its new Chief Financial Officer. Novak has been Ixia''s VP of Finance since 2006, and was appointed acting CFO of the company in March. ixia executive brent novak hardware testing network software' READ MORE>>.

Idealab 138
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We’re Beginning to Realize the Cloud’s Full Potential at the Edge

Xconomy

Amazon Web Services (AWS), the first “public cloud” offering third-party data storage and compute services, launched in March 2006, and by 2012, there were multiple credible competitors. And as a result, there’s an entirely new battle brewing at the metro edge of national data networks, giving players. The hype was strong.

Web 101
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LightPointe Wireless Expands In Europe

socalTECH

San Diego-based LightPointe Wireless , a developer free-space optical networking equipment, said Tuesday that it has expanded in Europe, and opened up a new office in France. LightPointe is owned by Berg & Berg Enterprises, which acquired the company in 2006. Cardon was previously at MRV Communications. READ MORE>>.

San Diego 140
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SocialVibe Co-Founder Returns As CEO

socalTECH

Marchese had been President of the company from 2006 until 2011, when he departed to become Senior Vice President of Marketing and Digital for Fuse Networks. Los Angeles-based online advertising firm SocialVibe has a new CEO this mornig: co-founder Joe Marchese.

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