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ContentNext Up For Sale

socalTECH

Guardian News & Media , the firm behind web publisher ContentNext , is in discussions with potential buyers about a possible sale, according to a report from the firm's own site, paidContent. paidContent said that Guardian is working with Coady Diemar Partners on a possible sale. Names of potential buyers were not discussed.

Sales 133
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EdgeCast Doubles Revenues, Headcount

socalTECH

Santa Monica-based EdgeCast Networks , the content delivery network (CDN) provider headed by Alex Kazerani, said today that it doubled its annual revenues and headcount in 2011, over its 2010 numbers. EdgeCast said it added more than a thousand customers in 2011, including such sites as DailyMotion, Imgur, and posterous.

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Business.com Acquired By Purch

socalTECH

Business.com has a long, corporate history, having started life in Santa Monica in 1999, as a $7.5M domain name sold to startup incubator eCompanies, transformed into a $345M sale to R.H. READ MORE>>.

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Coda Automotive Lays Off 50

socalTECH

It looks like Southern California's emerging electric automobile industry has definitively hit the skids, as Santa Monica-based electric auto developer Coda Automotive laid off 50 employees Tuesday. The layoffs--first reported by PlugInCars--apprently included a "substantial part" of its sales and marketing staff.

Layoffs 157
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Contatta Funding Puts ACT!, Goldmine Founders Head To Head Again

socalTECH

If you were in sales, you either ran ACT!, and Goldmine faded away, no longer the two kings of the sales CRM world. So far, Nimble has the edge, as the Santa Monica company has been offering up its products to the market since 2011, and Contatta just announced the company and has yet to launch its own software.

Funding 222
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Demand Media Sweetens Executive Pot

socalTECH

Ahead of its IPO, Santa Monica-based Demand Media , the online domain name and media publishing business run by Richard Rosenblatt, updated its IPO filings Thursday, saying that it has granted $30.8M million of its shares, upon the completion of an IPO before March 31, 2011.

Demand 194
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Tech and Entertainment Have a Home in Silicon Beach

Tech Zulu Event

The real estate impact of this activity can probably be traced to the 2011 arrival of Google in the Frank Gehry-designed “binoculars” building on Main Street in Santa Monica. But it was the low-key, creative beach vibe of Venice and Santa Monica that spurred a spate of start-ups to seek offices and homes.