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PacketFabric Acquires RSTOR

socalTECH

Culver City-based PacketFabric, a provider of optical network services for the enterprise market, said this morning that it has acquired RSTOR, a Saratoga, California-based cloud-based storage and data mobility products. Financial terms of the acquisition were not announced. PacketFabric is led by CEO Dave Ward.

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Purch Acquires ShopSavvy For Mobile Shopping Apps

socalTECH

Purch , the online publishing company which owns Tom's Guide, Space.com, TopTenReviews, LAPTOP, and a number of other online properties, has acquired mobile shopping app developer ShopSavvy. Financial terms of the acquisition were not disclosed.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Kevin Miller, president of Westside Rentals, which bills itself as Southern Californias largest home-finding service, says he has seen rents in Santa Monica and Venice increase by about 10% over the last 18 months—compared with other desirable areas such as Beverly Hills and Culver City, where he says rents increased by about 4% to 5%.