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QLogic Completes Sale Of InfiniBand Assets To Intel

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Aliso Viejo-based QLogic , the manufacturer of networking adapters, switches, and ASICS for the storage networking market, said last night that it has completed its sale of its InfiniBand product lines and assets to Intel Corporation. QLogic had originally announced the sale on January 23rd. The deal was worth $125M in cash.

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LightPointe Wireless Expands In Europe

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The firm said it has hired Patrick Cardon as Director of Sales for Southern Europe as part of the expansion. LightPointe is owned by Berg & Berg Enterprises, which acquired the company in 2006. LightPointe had originally been venture backed, and was acquired after a Chaper 11 bankruptcy back in 2006. READ MORE>>.

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MomentFeed Snags Facebook Vet

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According to the startup, it has added former Facebook sales director Rob Lissner as Special Advisor to the CEO, to help shape the firm's product and sales strategy. MomentFeed said that Lissner will help in product development, recruiting, and building a sales team; Lissner has also joined the company's board. READ MORE>>.

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Zadara Storage Raises $3M From Toshiba

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Zadara Storage said the funding will go towards sales, support, and engineering. Nahum had headed StoreAge when it was acquired by LSI Corporation in 2006. Irvine-based Zadara Storage , which develops cloud connected, block and file-based storage devices for the enterprise, has raised $3M in a funding round, the company said today.

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Internet Brands Buys Two Women's Sites From eHarmony

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Weddingbee is an online blog focused on the wedding industry, brides, and wedding planning, and was launched in 2006. Internet Brands and eHarmony said that eHarmony had been operating the two sites for "several years" before the sale. Financial terms of the acquisition were not disclosed. READ MORE>>.

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TrueCar Cuts Ties With AutoNation

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percent of its total revenues in the first quarter of 2015, and that it estimates that its users supplied 7 percent of AutoNation's Q1 2015 new vehicle sales. TrueCar and AutoNation had been working together since 2006. TrueCar said that AutoNation had represented 3.1 READ MORE>>.

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Nasty Gal Gains $9M For Online Fashion

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Nasty Gal is led by Sophia Amoruso, who started the company selling vintage clothing on eBay in 2006; the company says its now had over $28M in revenues in 2011, with revenues increasing around 500 percent each year. The brand says 35 percent of its sales occur outside of the US, and that it now has over 150,000 customers in 50 countries.