socalTECH

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Viasat Wins Contracts With US Navy

socalTECH

Carlsbad-based satellite communications services provider Viasat says it received two new contracts wih the U.S. Navy this morning. According to Viasat, the contracts came from the Navy Exchange Service Command (NEXCOM), to provide Wi-Fi, voice, and TV in Guam plus managed Wi-Fi in Poland. The win is an expansion of existing work that Viasat provides for Unaccompanied Housing (UH), Morale, Welfare and Recreation (MWR) facilities and Navy lodging facilities.

Services 100
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Yardi Acquires 42Floors.com

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Santa Barbara-based Yardi announced this morning that it has acquired 42Floors.com, an online marketing platform for tenants and brokers. Financial details of the acquisition were not announced. Yardi announced that it has redsigned 42Floors to include a new, commercial property search engine featuring more than 320,000 listings nationwide across multiple verticals. 42Floors will become part of Yardi's CommercialEdge network of marketplaces.

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TeleSign To Go Public Via SPAC

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Los Angeles-based TeleSign, which provides two factor authentication and other related services to businesses--which has been running as a unit of Belgian telecom firm Proximus--is going public via a SPAC, the companies said on Friday. The two said that TeleSign will be acquired by North Atlantic Acquisition Corporation (NAAC), in a deal worth $487M.

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Solotech Buys XR Studios For Virtual Reality

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Los Angeles-based XR Studios, an agency specializing in augmented and virtual reality production, has been acquired by Solotech, a provider of audio, video, lighting, rigging, soft goods, control and collaboration solutions and services for the entertainment industry. Financial details of the acquisition were not annoucned. Solotech said it will use the acquisition to expand its virtual production services in LA, with a dedicated campus for "extended reality" efforts.

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SkySafe Gains $30M More For Drone Defense

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San Diego-based SkySafe, which develops drone defense and airspace security systems, has raised $30M in a Series B funding round, according to the company. The round was led by Kingfisher Investment Advisors, and also included Gaingels, Castor Ventures, plus Andreessen Horowitz. The company says it has now raised $45M in total. The company will use the funding for hiring, R&D, and expanded production.

San Diego 124
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Green Dot Names New CFO

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Pasadena-based digital banking provider Green Dot says it has named George Gresham as the company's new Chief Finance and Operating Officer, the company said on Tuesday. Gresham has been involved with Green Dot since 2016, having been on the Boards of Directors of both Green Dot Corp. and Green Dot Bank from 2016 to 2019. Gresham also previously as CFO of NetSpend Holdings, and served at similar roles at Global Cash Access (GCA Holdings), EFD (eFunds Corporation), and on the board of EML Payment

Pasadena 100
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ZmBIZI Launches Smartphone, Telecom Service Aimed At Small Businesses

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A new, Santa Monica-based startup, ZmBIZI is launching a new, smartphone aimed at small businesses, creators, and entrepreneurs. According to the company, it is launching a smartphone with a built-in point of sale (POS) terminal, aimed at helping small business owners, and tied into a merchant account. The startup says its phone service allows its users to accept payments by physically tapping their contactless enabled cards or Apple Pay and Google pay wallets on the back of its smartphone.