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National Technical Systems Gets $14M In PIPE

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Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said it raised the debt and equity with Mill Road Capital. The firm said the new funding will go towards one or more future acquisitions by the company.

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Fulcrum Micro Acquired By Intel

socalTECH

Calabasas-babsed Fulcrum Microsystems , the developer of switching semiconductors, has been acquired by chip giant Intel. Intel announced the acquisition this morning, but did not disclose financial terms of the acquisition. Intel said that Fulcrum's switch silicon will complement its processors and Ethernet controllers.

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Aligned TeleHealth Gets $12M

socalTECH

Calabasas-based Aligned TeleHealth , a provider of telemedicine services, said this morning that it has raised $12M in a Series A funding round. The funding came from SV Life Sciences (SVLS). The company said the funding will go towards acquisition, business development, recruitment, and towards its technology infrastructure.

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National Technical Systems Buys Testing Firm

socalTECH

Calabasas-based National Technical Systems , the provider of testing and engineering services, said today that it has acquired Ingenium Testing. NTS--which is publicly held--said the acquisition as funded via a $14M, private placement of debt and equity with Mill Road Capital, completed the last week of June.

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Ixia Acquires VeriWave

socalTECH

Calabasas-based Ixia , the provider of network testing equipment and software, said earlier this week that it has acquired VeriWave , a provider of wireless testing devices. Financial terms of the acquisition were not announced. VeriWave is a provider of wireless LAN and Wi-Fi performance testing equipment. READ MORE>>.

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Skyline Financial Raises $8.2M From GRP, Others

socalTECH

Los Angeles-based venture capital firm GRP Partners --which has been very active in the local technology startup market--has made its latest investment, in an interesting industry: mortgage lending. GRP is the lead investor in Skyline Financial , a Calabasas-based provider of mortgage banking and lending. READ MORE>>.

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Applied Merchant Systems and BlueSquare Resolutions Merge

socalTECH

Calabasas-based payment processing operator Applied Merchant Systems announced late Monday that it has merged with BlueSquare Resolutions , and raised a round of debt funding. The funding came via a senior credit facility from Goldman Sachs Specialty Lending Group and Business Development Corporation of America.

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