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EvoNexus Gets Bank, Investment Firm Backing for Fintech Incubator

Xconomy

Financial firms are facing competition from legacy players and disruptive fintech startups as technology continues to reshape the heavily regulated industry. Two financial firms are betting on a nonprofit incubator program in San Diego in hopes of identifying top talent and potential targets for investment or acquisition.

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Portfolium Acquired By Instructure

socalTECH

San Diego-based Portfolium , a startup developing tools to allow students to showcase their achievements, projects, and other portfolio of academic work to potential employers, has been acquired by educational software provider Instructure , the two announced late Tuesday. Financial details of the acquisition were not announced.

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CARLSMED Merges With Precisive Surgical

socalTECH

San Diego-based medical technology startup CARLSMED has merged with Seattle-based Precisive Surgical , the two said this week, to combine their efforts to develop a personalized surgical workflow platform for spine deformity intervention. Financial terms of the acquisition were not announced. READ MORE>>.

Incubator 124
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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Founded by Steve Poizner last year to accelerate the growth of a startup entrepreneurial ecosystem in Southern California, The Alliance is building a network of investors, entrepreneurs and universities to provide ballast in the south to the dominance of the Northern California tech industry.

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Xpenser Acquired By Coupa Software

socalTECH

San Diego-based Xpenser , a startup developing a cloud-based service to help prepare and submit expense reports for its users, has been acquired. The firm was one of the companies which had been part of the EvoNexus incubator. xpenser expense management software travel tande coupa merger acquisition evonexus'

Software 193
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On-Ramp Wireless Names Kevin Hell As President, CEO

socalTECH

San Diego-based wireless communications module developer On-Ramp Wireless announced Wednesday that Kevin Hell, the former CEO of DivX, has joined the company as President and CEO. Hell sits on the boards of Hold-Free Networks, Perminova, Inc, MicroPower Technologies and Pixon Imaging, Inc.

San Diego 159
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Spine-Surgery Medtech Startup Carlsmed Merges With Imaging Company

Xconomy

Carlsmed, a San Diego-based medical technology company that’s developing personalized spinal implants, has merged with Precisive Surgical, a spine imaging system startup in Seattle.