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Report: IPOs On Track For Best Year Since 2007, But Only One Q3 Area Tech IPO

socalTECH

A new report today, issued by E&Y, says that the global IPO market is on track to be the best year since 2007. However, local numbers show only one technology related IPO in the local market-- Sienna Biopharmaceuticals in Westlake Village.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. According to ELC Technologies, Rahmat takes the helm of ELC. He currently heads up BestCovery.com.

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Ten Years Ago, The Self Driving Car Revolution Started In Victorville

socalTECH

Ten years ago this week--on November 3, 2007--the self driving car revolution was launched in Southern California--in all places, Victorville, at the DARPA Urban Challenge. Image: one of the competitors, Terramax, in the DARPA Grand Challenge in 2007. READ MORE>>.

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Quigley: Venture Capital Revival Coming

socalTECH

Disclosure: Clearstone is a sponsor of socalTECH). The report also argues that more value is going to the private, venture investors in firms, rather than to public shareholders after an IPO. The report also argues that more value is going to the private, venture investors in firms, rather than to public shareholders after an IPO.

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Ember Taps Former Dyson CEO As New CEO

socalTECH

Westlake Village-based Ember Technologies, which makes temperature controlled coffee mugs, says it has named a former Dyson executive as its new CEO for its consumer division. Rowan also previously was head of Research In Motion (BlackBerry) from 2007 to 2012. The company said Rowan has joined it board of directors.

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Sorenson Media's Csathy Departs To New Digital Media Effort From Manatt

socalTECH

Boggs helped open up Manatt''s Silicon Valley office in 1998 and San Francisco offices in 2007. Disclaimer: socalTECH has multiple sponsorship and advertising relationships with legal firms focused on high tech in Southern California, as well as many individual members of our service from those firms.).

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Lovell Minnick Partners Buys SRS Acquiom

socalTECH

Lovell Minnick Partners , a private equity investor which has one of its offices in Los Angeles, has acquired a majority of SRS Acquiom , a provider of technology-enabled services for the mergers and acquisition (M&A) market. SRS Acquiom was founded in 2007, and is based in Denver, with an office in Los Angeles, among other cities.

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