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WaveStream Acquired By Gilat

socalTECH

San Dimas-based Wavestream , a venture backed provider of high power solid state amplifiers, has been acquired for approximately $130M by Gilat Satellite Networks Ltd. , Wavestream was venture backed by Anthem Ventures, Shea Ventures, and Triquint Semiconductor, along with Oak Investment Partners, ITU Ventures, and others. READ MORE>>.

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AwesomenessTV Acquires Big Frame

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Los Angeles-based AwesomenessTV --which is now part of Dreamworks--has acquired Big Frame , another local YouTube network operator. AwesomenessTV''s acquisition by DreamWorks was one of the fastest and most profitable exits of a company ever in Southern California. The company had a $3.0M Series A funding back in 2012. READ MORE>>.

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Solarflare Acquired By Xilinx

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Irvine-based Solarflare , a developer semiconductor used for high performance, low latency networking, has been acquired by San Jose-based Xilinx. Financial details of the acquisition were not anounced. According to Xilinx, the deal will help the company accelerate its "data center first" strategy.

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Intercasting Acquired By Good Technology

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San Diego-based Interacasting Corporation , a provider of mobile social networking software, has been acquired by Good Technology, the firms said this morning. Financial terms of the acquisition were not disclosed. Tags: telecom mobile acquisition merger technology good interacasting. READ MORE>>.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

I made the point (not widely publicized) that OS4 is currently “breaking&# many applications that use ad networks that are not Apples (most notably AdMob, owned by Google). Online social game network; make their own games (FarmVille, Mafia Wars, FrontierVille) in addition to allowing third-party developers to access network.

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MySpace Startups: Startups From MySpace Vets

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Demand offers up a network of online, content driven web sites--plus a healthy domain name registration business--and has garnered lots of attention for specifically creating content for search engines. Venture backers : Anthem Ventures, the Mailroom Fund, Rincon Venture Partners. www.cocodot.com). Let us know!

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Surf Air Acquires Rise, Backed By New Funding

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Financial terms of the acquisition were not announced by the companies. Surf Air said it would work over the next 90 days to transition the RISE brand and experience into Surf Air, and that it eventually plans to merge the two networks, although it did not give firm dates on that merged service. READ MORE>>.