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Breakout Companies of 2008

SoCal Tech Calendar

Thursday, February 26, 2009 -- Breakout Companies of 2008. San Diego Venture Group. Amidst many of the financial challenges of 2008, several San Diego companies achieved successful milestones, financial growth, or other accomplishments that set them apart from the pack.

Company 100
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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

FTD also agreed to sell both its North American and Latin American businesses to private equity investor Nexus Capital Management , in a move that includes San Diego-based Proflowers. FTD acquired San Diego's ProFlowers in 2014, paying $430M for the online flower and gift delivery service. READ MORE>>.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. Among other things, they get an opportunity to pitch to investors and industry representatives at Plug and Play’s quarterly “expo” event.

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Xpenser Acquired By Coupa Software

socalTECH

San Diego-based Xpenser , a startup developing a cloud-based service to help prepare and submit expense reports for its users, has been acquired. The firm was founded in 2008. Coupa Software is a provider of cloud-based, spending optimization software headquartered in San Francisco. READ MORE>>.

Software 193
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Service-now.com Reports Yearly Revenues

socalTECH

Privately held, San Diego firm Service-now.com , a developer of IT service automation software-as-a-service, has released its yearly financial results, in an unusual move. Service-now.com said that it is now expecting to be profitable next year and have more than $50M in recurring revenue. READ MORE>>.

Services 100
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Nirvanix Snags HP, Lefthand Vet

socalTECH

San Diego-based Nirvanix , the developer of cloud storage services, said this morning that it has named former HP-LeftHand vet Dave Barr as its Vice President of Cloud Storage Engineering. Nirvanix is a provider of cloud-based storage services. Barr had headed up HP's 130-strong, LeftHand engineering organization.

San Diego 140
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StockTwits Acquires Mobile App SparkFin to Add Fintech Services

Xconomy

The common denominator in both companies is Howard Lindzon, the Wall Street trader and hedge fund manager who founded StockTwits in San Diego in 2008. Financial terms of the deal were not disclosed. Lindzon led StockTwits as CEO until last year, and continues as chairman.

Mobile 40