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Santa Monica-based videogame publisher Activision Blizzard said late Tuesday that it saw better than expected financial results for the first quarter of 2014. The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales. billion in sales. billion in sales. READ MORE>>.
Calabasas-based Ixia is in the midst of a sales team shuffle, saying in its quarterly report that it is naming Patti Key as Senior Vice President, Global Sales, with current sales VP Hans-Peter Klaey leaving the company. Ixia said that the firm and Klaey have "mutually agreed" for him to step down from the position.
For our interview this morning, we caught up with Isaac Garcia , a serial entrepreneur who previously founded and sold his last company, Central Desktop, and now is working on a new startup, Sales Insider. Central Desktop was acquired by PGI (NYSE: PGI) in 2014. What is Sales Insider? Why software sales reps?
El Segundo-based technology service provider PCM announced this morning that it has acquired En Pointe Technologis Sales , in ann asset acquisition deal. PCM said it acquired En Pointe Technologies Sales IT solutions provider business, excluding the firm''s current tangible assets, accounts receivable and inventory. Riley & Co.
Tickets are on sale now , so buy your ticket today! Last year, we had over 700 people at the Digital Family Reunion/1st annual socalTECH 50 event -- we''ve had a huge response this year and now think we might have 1000 people at the event! socalTECH.com readers can get $20 off the normal ticket price by using the code SCTWEB.
The Vice President of Business Development reports to the CEO and is responsible for the direction and management of all worldwide sales operations direct and indirect, including market competitiveness, pricing, compensation, and distribution. NO OTHER APPLICANTS WILL BE CONSIDERED. Business Development Director, Colony Logic - Los Angeles.
Santa Monica-based online auto pricing and sales site TrueCar said it is looking to improve services to dealers and strengthen relationships with its dealers, through the appointment of a new executive. TrueCar said it has named Brian Skutta as its new Executive Vice President of Dealer Sales and Service.
Beepi , the online used car sales startup which expanded into Los Angeles in 2014, has shut down, according to reports. The company's $60M funding in 2014 had been focused on expansion to Los Angeles. The Silicon Valley startup had raised more than $150M in funding. READ MORE>>.
Tickets are on sale now , but they''re going fast -- so buy your ticket today! Join us to honor the socalTECH 50 , our list of the "ones to watch" in the local tech community, and network and drink, eat, and celebrate with the local technology and media community! Thanks to our sponsors, who are making this year''s event happen! READ MORE>>.
Santa Monica-based secure messaging app provider TigerText , which is led by Brad Brooks, said yesterday that its annual sales grew more than 300 percent in 2014, and also doubled the size of its staff. The private held company did not disclose any financials behind those numbers or say how many employees it now has.
By now you have many smart people around your board but probably people who don’t totally understand the nuances of your employees, customers, sales reps, marketing messages, technology challenges, competitors and strategic choices. how much energy to put into channel partners vs. direct sales. how to evolve our management team.
Joybird (Stitch Industries) was founded in 2014 by Alex Del Toro, Andres Hinostroza, Joshua Stellin and Christopher Stormer, and manufactures mid-century modern upholstered furniture, which it sells online through its own brand. Financial terms of the deal were not announced. READ MORE>>.
JustFab has previously said it is expecting to generate around $400M in sales in 2014. Los Angeles-based online apparel and shoe company JustFab is eyeing a possible IPO, and also is in the midst of raising between $50 to $100M, according to a report. JustFab is led by Adam Goldenberg, and is a spinout of Intelligent Beauty.
Advertise.com said it recently move dinto new office space, as part of that plan for growth, across technology, sales, and marketing departments. with similar double digital growth through 2014. The company cited eMarketer forecasts of 20.2 percent growth on online ad spend this year in the U.S., READ MORE>>.
According to the companies, the combined company expects to have over $400M in total sales in 2014. Los Angeles-based fashion sites JustFab and ShoeDazzle said Wednesday that the two are in a definitive agreement to merger bringing together two of LA''s most watched fashion and subscription e-commerce sites.
Early in a services business there is usually no profits as the company reinvests in hiring people to grow, but by $20 million in sales the company should at least be pulling in 10% profits (if not more) depending on how much is reinvested. Who are your competitors – how much do they charge?&#. It’s pure irony. interest?
The company said the expansion comes as it saw double digit, profitable growth in the first half of 2014, when it said it doubled its revenues in the enterprise Big Data market. The company said that, due to the sales growth, it has expanded its overall headcount by 20 percent since Q1. DDN is led by Alex Bouzari.
The move will, however, impact THQ's finances; the firm said it expects to shift net sales from THQ's 2013 fiscal year into fiscal 2014, reducing its non-GAAP sales by approximately $20M. THQ said the move came due to a desire to "expand the fiction of the franchise."
Inseego said the funding will allow it to pursue its near-term objectives, inlcuding sale of its MiFi business and investment in its Ctrack and Inseego North America businesses. Newman is being replaced by interim CFO Tom Allen, who had been interim CFO of Novatel Wireless from June 2014 to September of 2014. READ MORE>>.
The company built its own point-of-sale system and commerce APIs in-house, allowing them to deliver a “seamless” customer experience, former Glossier CTO Bryan Mahoney said in 2018. Founded in 2014, Glossier is widely touted as one of the earliest breakout successes of the DTC model, and raised its Series E last July at a $1.8
San Diego-based LoanHero , which had offered up a service to help merchants offer up point-of-sale financing options to consumers, has been acquired by Georgia-based LendingPoint. LoanHero had been founded in 2014. Financial details of the deal were not announced. in total funding. LoanHero's Chairman and CEO was Zalman Vitenson.
Financial details of the sale were not announced. L Squared said the sale is the fourth exit from its 2014 vintage year fund, and its third exit from the education market. Learners Edge provides professional education products to teachers. since that time.
According to RealD, it filed suit against Volfoni SAS, Volfoni GmbH and CinemaNext Deutschland Gmbh in a court in Dusseldorf, Germany, and is seeking an injunction banning the sale of the infringing devices and seeks financial damages. READ MORE>>.
Saucey launched in 2014 and now operates across 22 markets including LA, San Francisco, San Diego, Sacramento, New York City, Chicago, Washington, Dallas, Orlando, Tampa and Miami. Its sales growth has expanded 200% year-over-year even as the company maintains its profitability, according to a statement.
Persson apparently is selling Bentley furnishings from the house, original Shepard Fairey prints, a custom 40-piece chandelier, a signed Michael Jackson photo and an Hermes scarf as part of the sale, being conducted by an estate sale company. The sale will go to raise funds for a number of nonprofits. The sale ends January 31st.
AdColony develops mobile video advertising technology, and was acquired in 2014 for $350M by Operat Software. Yang also has served at Toyota Motor Sales, Del Monte Foods and the Walt Disney Company.
Financial details of the sale were not announced. The Gores Group said it acquired Fotona in 2014, through its Small Capitalization Partners investment fund. Fotona, which is based in Europe, was founded in 1964. Fotona was advised by Piper Jaffray & Co. in the transaction.
The company--based in Portland--said it named Scott Allen as its CFO, and Eric Holmen as its SVP of Worldwide Sales. Holmen was most recently at Santa Barbara-based Invoca, serving as Executive Vice President of Global Sales, and also having been CMO at Invoca, in addition to serving at Silverpop. READ MORE>>.
The sale is not the first for ZEFR, which got its start posting licensed movie clips to YouTube. It sold that business, Movieclips.com, in 2014, to Fandango. ZEFR is backed by IVP, U.S. Venture Partners, MK Capital, Shasta Ventures, First Round Capital and Richmond Park Partners. READ MORE>>.
Keep your eye out for 2014 tickets, which will go on sale next spring. Thus, mingling with a YouTube celebrity feels like chatting with an old friend, rather than speaking with someone who is begrudgingly fulfilling an obligation. See you there. Follow my startup-oriented Twitter feed here: @johngreathouse.
By and large, these workers have not benefitted much from recent technology improvements available to office-based workers—think new email and workplace-collaboration technologies, or advanced sales and HR systems.
Online real estate site Zillow said it has paid $6M, to settle a suit over claims that the company did not follow wage and hour laws with the inside sales consultants it employed in Irvine and elsewhere. At least 120 hourly sales consultants in Irvine had been part of that class action lawsuit. or a related Department of Labor review.
Pasadena-based enterprise search software developer X1 --one of the longest running offshoots of Idealab--reported today that it had a "record" sales year for the company in 2014. The company said it saw a sales increase of nearly 70 percent over 2013. Actual company financials were not announced.
Financial terms of the sale were not disclosed. Playhaven is a mobile ad network, which Science had acquired in September of 2014. Los Angeles-based startup studio and incubator Science said late Wednesday that it has seen its first exit, and has sold Playhaven to RockYou.
Platinum Equity acquired Mactac in November of 2014, from Bemis Company. The sale is the second by Platinum Equity from that acquisition; it also sold the European business of Mactac to Avery Dennison in August. INTEC is headquartered in Tokyo.
LumaTax develops software which can be used by small businesses to automate the paperwork required for paying sales taxes. The startup is led by Robert Shulte, who was founder of sales tax software provider Taxient, which was based in San Diego, and who he sold to tax software developer Avalara in 2010. READ MORE>>.
Financial details of the sale were not announced. Diversis has been the owner of BLUE since December of 2014 when it acquired BLUE from publicly held Matthews International. BLUE Software is a developer of label and artwork management software, and is based in Chicago.
San Diego-based residential solar power installer OneRoof Energy said late Friday that it has "significantlyr educed" its work force, and has begun winding down its operations, after it said it was unable to secure financing necessary to continue sales, marketing, and development. READ MORE>>.
He’s created a blog called #LongLA that is a great combination of the weekly zeitgeist of LA tech plus deep dives into areas like eCommerce that he knows well like this brilliant piece on Zulily and Flash Sales (he was CMO at HauteLook before joining). You can follow Greg on Twitter here.
Ticketmanager is venture backed by Point Judith Capital and Coyote Ridge Ventures, and raised a $6M funding round earlier in 2014. TicketManager is led by Tony Knopp. Ticketmanager helps companies manage, track, distribute, buy, and sell tickets.
Most recently, Turchin worked at ServiceNow, which he left in 2014 to launch Astound. Astound said it would use the financing to increase its product development and sales and marketing efforts, according to a statement.
billion in net sales for 2014. Vizio's major owners are founder William Wang (54.7 percent of the company), along with Taiwanese companies AmTRAN Technology (20.4%), Q-Run Holdings (8.3%), and La Jolla-based V-TW Holdings (7.7%). Vizio reported net income of $44.9M Vizio makes HDTVs and a long list of other consumer electronic items.
If anything, the OculusVR acquisition in 2014 signaled that Facebook saw VR as a social final frontier. While VR startups raised plenty of cash in 2016 and 2017, slow headset sales have caused startups to focus on building for a virtual future that might take a couple more years to reach. The Social Experiment.
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