socalTECH

FEBRUARY 4, 2013

In June of 2011, MySpace was sold for a mere $35M to another, Southern California technology firm-- Specific Media , which has since been looking to remake MySpace with the help of Justin Timberlake. in a $580M deal.

News 159

News Southern California Sales Los Angeles 159

socalTECH

OCTOBER 2, 2012

We thought it might be interesting to talk with one of the fund's managing directors, Jeb Spencer about the fund's success in technology investments, plus how it managed to raise another fund in this kind of environment, plus its unique goal of getting companies to an acquisition--and not an IPO.

Acquisition 168

Acquisition Software Review Technical Review Equity 168

socalTECH

JUNE 22, 2016

Financial terms of the acquisition were not disclosed. domain name sold to startup incubator eCompanies, transformed into a $345M sale to R.H. Donnelly in 2007 by Jake Winebaum, turned over to Dex.com after the sale, and eventually shut down, but restarted after a purchase by JMI Equity and Resource Nation in 2011.

Santa Monica 100

Santa Monica Incubator Guide Equity 100

socalTECH

JUNE 4, 2012

Los Angeles-based The Gores Group , the private equity investment firm, reported this morning that it has completed its acquisition of touch screen technology provider TE Connectivity. Gores said that Elo Touch Solutions had sales of $413M in fiscal 2011. The deal was worth $380M in cash. READ MORE>>.

Screening 140

Screening Company Companies Equity 140

socalTECH

DECEMBER 3, 2014

Online real estate startup Zillow , which operates a major sales center in Irvine, is the target of an employment lawsuit which alleges the company created a "adult frat house culture" at the location. According to the lawsuit, a sales consultant at the company--who was fired in August--faced "repeated sexual overtures" from male supervisors.

Sales 164

Sales Acquisition Startup Company 164

socalTECH

DECEMBER 11, 2012

Somaxon had 12 months net sales of approximately $11.7M The company has been looking for a buyer since December of 2011, when it drastically cut its staff and said it had hired an investment banker. Somaxon was represented by Stifel Nicolaus Weisel in the acquisition. Pernix said the buy will help expand its product portfolio.

San Diego 147

San Diego .Net Equity Acquisition 147

socalTECH

JULY 26, 2010

Newport Beach-based chip provider Mindspeed Technologies said this morning that it has sold off a number of its patents in a $10M intellectual property sale. According to Mindspeed, the "legacy" patent sale includes $7.5M which will be reported in its first quarter of 2011. READ MORE>>.

Patents 140

Patents Sales Acquisition Report 140

socalTECH

AUGUST 6, 2012

Separately, the firm said this morning that it has completed its acquisition of scientific instruments firm LeCroy. LeCroy had sales of approximately $178.1M as of its fiscal year ended July 2, 2011. LeCroy had sales of approximately $178.1M as of its fiscal year ended July 2, 2011. READ MORE>>.

Thousand Oaks 133

Thousand Oaks Acquisition Sales Technology 133

socalTECH

NOVEMBER 4, 2010

Universal Electronics said the acquisition will add at least $140M to its sales and $20M in operating income in its fiscal 2011. Tags: universal electronics merger acquisition enson assets international remote control. Ensons's customers include Sony, Panasonic, and Toshiba.

Acquisition 124

Acquisition Entertainment Sales Customer 124

SoCal Tech Calendar

APRIL 1, 2011

Thursday, April 7, 2011 -- Organic vs. Strategic Growth: Why, When and How? Organic growth - accomplished through growth of sales in existing product lines/services or developing new product lines/services internally. Companies typically look for growth in one of two ways.

Organization 100

Organization Sales Acquisition Services 100

socalTECH

NOVEMBER 30, 2011

Affymetrix said it is paying $330M in cash to acquire eBioscience, in a deal that is expected to close late in Q4 of 2011. Affymetrix said that it expects 2011 sales from eBioScience to exceed $70M. eBioscience was founded in 1999. READ MORE>>.

San Diego 133

San Diego Research Sales Develop 133

socalTECH

NOVEMBER 7, 2011

Financial terms of the sale were not announced. Vicente Capital said that the sale was a "great outocme" for the fund, representing a 5X return for the 2000-vintage fund. Vermont Composites was based in Bennington, Vermont, and is expecting sales of $32M for 2011. READ MORE>>.

Sales 140

Sales Los Angeles Capital Funding 140

socalTECH

SEPTEMBER 17, 2010

million of its shares, upon the completion of an IPO before March 31, 2011. Tags: demand media domain domainer content merger acquisition legitscript. in additional, stock-based compensation to its executive officers, if the firm completes an IPO before March of next year. READ MORE>>.

Demand 194

Demand Media Santa Monica Report 194

socalTECH

SEPTEMBER 20, 2012

in its 2011 fiscal year. In explaining the sale, ValueClick said that Search123 has been "a small business" for the company and does not fit with its long-term strategy. ValueClick said that Search123 had revenues of $31.4M READ MORE>>.

Westlake Village 150

Westlake Village Paid Search Sales Services 150

Startup Professionals Musings

JANUARY 16, 2011

Do you need the IPO for your acquisitions strategy? Of course, you’re going to have to perform well to make that stock useful in the acquisitions process. Rightly or wrongly, public ownership often lends prestige and credibility to the company in its sales efforts, general public relations, and the execution of its future strategies.

Social Media 89

Social Media Media Draper Startup 89

socalTECH

FEBRUARY 27, 2012

VariSystems is headquartered in Calgary, Alberta, and had sales of CAD $27.5M in its fiscal year ended May 31, 2011. Thousand Oaks-based Teledyne Technologies said this morning that it has acquired VariSystems , a Canadian supplier of custom harsh environment interconnects, used in the oil and gas industry.

Thousand Oaks 133

Thousand Oaks Resource Sales Customer 133

socalTECH

MAY 29, 2012

The two said that LeCroy had sales of approximately $178.1M for the year ended July 2, 2011. LeCroy was advised by Stifel Nicolaus Weisel, Bingham McCutchen LLP and Fish & Richardson in the deal, with Teledyne's advisors being Needham & Company and McGuireWoods LLP. READ MORE>>.

Thousand Oaks 140

Thousand Oaks Technology Sales Company 140

socalTECH

APRIL 23, 2012

Nicolet is based in Madison, Wisconsin, and had sales of approximately $95M in 2011. CareFusion said its is selling off its CareFusion Nicolet business, in a cash deal, to simplify and focus its operations. The business employs 400.

San Diego 124

San Diego Sales Product Acquisition 124

socalTECH

JULY 26, 2012

Impinj said the funding will go towards sales, marketing, product development, and manufacturing operations. The firm had filed for an IPO in April 2011. The firm no longer lists a location in Newport Beach, where it was originally based.

Orange County 140

Orange County CalTech Equity Venture Capital 140

socalTECH

JANUARY 20, 2012

The sales come around 9 months after Active Networks May 2011 IPO. In the filing, Active said it is planning to sell 1.5 million shares of its common stock, being sold by a long list of its current investors. Active Network has been roughly flat since the IPO, trading recently at around $14.59; the firm had debuted May 25th at $15.00

Activity 140

Activity Networking Draper San Diego 140

socalTECH

FEBRUARY 17, 2011

To get some perspective into ReachLocal's entry into the daily deals space and where it sees the acquisition fitting, we spoke with Zorik Gordon , CEO of the company. So what is the strategy behind the acquisition, and how do you see this fitting into the daily deals area? Zorik Gordon: We're excited about the acquisition.

ReachLocal 249

ReachLocal Woodland Hills Acquisition Advertising 249

socalTECH

JANUARY 14, 2011

We have a very sophisticated, analytics and software platform that over half the Fortune 50 are now using, to help guide how they invest in marketing and sales activities and investments. You mentioned that you've been growing the company recently, and made a recent acquisition? Did the TV stimulate search?

Social Media 235

Social Media Demand Activity Marketing 235

Both Sides of the Table

DECEMBER 27, 2011

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

Startup 418

Startup Venture Capital Sales Technical Review 418

Both Sides of the Table

MARCH 12, 2013

Greg was the CMO at HauteLook from the early days all the way through growing the business to 12 million registered users and far in excess of $200 million in annual sales. In 2011 the company was sold to Nordstrom for $270 million in a deal that has been widely seen as a success for both buyer and seller. I made some reference calls.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

Tech Zulu Event

JUNE 17, 2011

So with out further ado I present the Spotlight: LA Tech Summer 2011 Judges! After the acquisition, MyMiniLife became the common technology platform at Zynga and powers 150M monthly users including games like Cityville, Farmville, and Frontierville. Entries will be closed for company submissions at midnight of July 4th, 2011.

Tech Coast Angels 100

Tech Coast Angels Idealab Angel Design 100

Tech Zulu Event

MAY 9, 2013

Jackson said, “We’re using the proceeds from our financing round to invest in our technology, build new features, and increase sales and support.”. Based in LA, and launched in 2011 by Eric M. Speaking of the new investment, CapLinked CEO Eric M. Over $3M Raised. New Clients To Manage Complex Business Transactions.

Draper 68

Draper Google Software Engineering Invest 68

Xconomy

OCTOBER 18, 2016

Five years ago, in November 2011, a company from Princeton, NJ, called Pharmasset shared news that would have an impact on millions of people around the world with hepatitis C. Sales of both drugs, ivacaftor (Kalydeco) and the combo pill ivacaftor-lumacaftor (Orkambi), reached almost $1 billion in 2015 and are growing.

Startup 40

Startup Research Sales Organization 40

Both Sides of the Table

MAY 23, 2012

The numbers of potential buyers had decreased dramatically both because large companies were shedding jobs and because many past buyers simply lacked resources to make acquisitions. By 2010-2011 this had shrunk by half again, averaging under $15 billion. By the end of 2011 the Internet population was estimated at 2.3

Venture Capital 347

Venture Capital Capital Technical Review Startup 347

Tech Zulu Event

AUGUST 15, 2011

and most recently Myspace, where he ran an online marketing team focused on SEO, social media, and paid traffic acquisition. Garth Holsinger, VP of Global Sales and Business Development, Klout. GroupPrice was recently named in Entrepreneur Magazine’s Top 100 Brilliant Companies for 2011. Krishna Subramanian, Co-Founder, Mobclix.

SEO 85

SEO CTO Coach Conference Social Media 85

Tech Zulu Event

SEPTEMBER 27, 2011

So with out further ado I present the Spotlight: LA Tech Fall 2011 Judges! A serial Internet entrepreneur, Mike has founded and sold numerous businesses, including agency PBJ Digital, application platform Userplane, which he led from startup to its acquisition by AOL, Tsavo Media and Myspace. He is a recognized leader in the Voice 2.0

Tech Coast Angels 96

Tech Coast Angels Idealab Angel Startup 96

Startup Professionals Musings

DECEMBER 7, 2013

billion dollar sale to Oracle from Bozeman, Montana. Wessel measures a 39% acquisition advantage to being in-state. From 2006 to 2011, the number of startups founded and funded outside of California, Massachusetts, and New York, according to Wessel, has grown by almost 65%. It decreases your odds of being bought.

Startup 102

Startup Technical Review Oracle Entrepreneur 102

socalTECH

OCTOBER 30, 2013

Farbod Shoraka: My background is actually in mergers and acquisition advisory. The florist business center we launched recently empowers florists, with tools to run email marketing campaigns, reach out through social media, and even gives them a point of sale system and website builder. It''s sort of an Etsy for flowers.

Beverly Hills 157

Beverly Hills Technical Review Design Startup 157

Xconomy

JULY 21, 2016

It’s currently Biogen’s top-selling product, generating close to $2 billion in sales during the first half of 2016. Biogen has been very deliberate in its dealmaking, reluctant to make a big splash with a large acquisition. Here’s more on Scangos in 2011, shortly after he left Exelixis to take the Biogen job.

San Diego 40

San Diego Conference Pricing Acquisition 40

Xconomy

JULY 29, 2016

But the company said this week that sales of Sovaldi and Harvoni, which share a common ingredient, sofosbuvir, have slowed with fewer patients starting on the drugs and prices undercut by fierce competition from AbbVie and Merck. But our minds jumped to politics.

Startup 40

Startup Study News Report 40

socalTECH

NOVEMBER 25, 2008

We've also hired another VP of Sales, brought on a new CTO, who started ZigBee, Matt Perkins, and we are going to get some headcount growth--though we're planning to keep that under 50. I think that there might be cash toward the end of 2010 or 2011, where IPOs might be reasonable.

Startup 113

Startup CTO Hire Resource Venture Capital 113

SoCal Delicious

MAY 6, 2012

He previously led business development for Affiliate Fuel, leading to its acquisition by Experian in 2005. After the acquisition, MyMiniLife became the common technology platform at Zynga and powers 150M monthly users including games like Cityville, Farmville, and Frontierville. Sizhao “Zao” Yang – COO and Co-founder at BetterWorks.

Los Angeles 78

Los Angeles Entrepreneur Angel Fractional CTO 78

SoCal Delicious

OCTOBER 8, 2012

In Santa Monica, the median price of homes jumped 16% in the first eight months of 2012 compared with 2011, after a 9% decline over the same period the year before, according to Multiple Listing Service data compiled by Paul Habibi, a professor at the University of California, Los Angeles. 2012, compared with the same period in 2011.

Los Angeles 44

Los Angeles Software Review Technical Review Journal 44