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Demand Media Reports Profit

socalTECH

Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. in revenues from Q4 of 2009. The firm also reported net income of $1.0M, versus $3.9M in a loss in Q4 of 2009.

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EdgeCast Doubles Revenues, Tops 225 Employees

socalTECH

Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. Those data points, along with revenue range figures reported elsewhere, implies that the company now has revenues of perhaps between $100M and $200M.

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Securing the Door: Amazon Buys Connected Doorbell Maker Ring

Xconomy

The purchase was first reported by Geekwire, which cited a separate report from Reuters that the deal is valued at about $1 billion. The two biggest acquisitions were Whole Foods last year and Zappos in 2009, according to Statista.)

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The Search Agency, Covario Make Top Search Marketing Agency List

socalTECH

Santa Monica-based The Search Agency , which is headed by David Hughes, was listed at number 12, and San Diego-based Covario , which is run by Russ Mann, was listed at number 25. Advertising Age reported that The Search Agency's 2009 revenues were $20.4M, and Covario's 2009 revenues were $8.8M.

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Call of Duty Modern Warfare 3 Hits $400M In Sales in 24 Hours

socalTECH

Santa Monica-based Activision reported Friday that it had an estimated sell through of more than $400M on its new title, Call of Duty: Modern Warfare 3, in the first 24 hours of its release. The firm said it sold more than 6.5 million units in North America and the United Kingdom alone with the release. READ MORE>>.

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The Search Agency Highlights Growth In Revenues, Jobs

socalTECH

Santa Monica-based The Search Agency joins a number of privately held, Southern California firms this week reporting strong growth in 2009.

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Cornerstone OnDemand Trumpets Growth

socalTECH

Santa Monica-based Cornerstone OnDemand reported strong 2009 performance, saying Thursday afternoon that the firm had a 64 percent growth in its client base in 2009, and an 83 percent increase in users from December 2008. The firm said it now has 3.3