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Internet Brands 2009 Acquisition Total: $24.2M

socalTECH

in acquisitions, earnout, and holdbacks during 2009, as part of its 2009 fiscal results release. The firm's results were helped by increases in consumer Internet advertising revenue and licensing revenues, but hurt by a continuing weakness in its automotive e-commerce efforts. million in January. READ MORE>>.

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CityGrid Buys Pay-Per-Phone Advertising Technology Firm

socalTECH

West Hollywood-based CityGrid , the unit of IAC which operates CitySearch, Insider Pages, and Urbanspoon, said this morning that it has acquired Felix , a performance-based, local advertising service for small and medium-sized businesses. Financial terms of the buy were not disclosed. READ MORE>>.

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Thank you to our sponsors and advertisers

socalTECH

Once again, we'd like to thanks to all of the sponsors and advertisers, who allow us to keep you updated on Southern California's high tech news and companies. Advertisers. The 7th International System-on-Chip (SoC) Conference, Exhibit & Workshops (www.SoCconference.com) - November 4 & 5, 2009 - Radisson Hotel Newport Beach.

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Internet Brands Buys Two Web Sites, Looks To Future Acquisitions

socalTECH

Separately, Internet Brands said it has secured a $35M revolving line of credit from Silicon Valley Bank, which it plans to use for acquisitions starting in mid-2009. The firm did not detail its acquisitions plans, but did say that it has completed 25 website related acquisitions in the last nine months, spending $59.9M

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Jetpack Gives a Boost to Mobile and Rich Media Advertising

Tech Zulu Event

Advertising technology is hot with the rise of mobile, evidenced in part by Verizon’s merger with AOL valued at $4.4 billion, and on a much smaller scale, Undertone’s recent acquisition of mobile ad provider Sparkflow. Jetpack was founded in 2009 by digital media veterans Marc Brown, Chris Tragos and Kevin Woolery.

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Internet Brands Revenues Grow In Q2

socalTECH

in Q2 of 2009. Revenues were up by 21 percent from the prior year, driven by increases in internet advertising revenues. The total brings the amount spent on acquisitions in the first half of the year to $16.2M The firm had not previously disclosed financial information about its various acquisitions in the quarter.

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Rubicon Projects Hires Investment Banker

socalTECH

According to Rubicon, Allen & Company will work with the company to "exploring options for ongoing business growth initiatives" including strategic acquisitions, platform expanson, and continued international growth. Tags: rubicon project merger acquisition investment banker advertising software technology server.

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