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TeleSign Acquisition By BICS Closes, Deal Value Rises To $335M

socalTECH

Marina del Rey-based phone verification and user authentication service TeleSign is now officially part of BICS , after the official close of the acquisition, BICS said today. The deal was originally announced in April.

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textPlus Lands $18M, Buys Jarvus

socalTECH

textPlus, which is based in Marina Del Rey, develops a combination of mobile apps and related services which allow users to text each other for free. The company said the fourth round of funding will go towards international expansion, product development and strategic acquisitions.

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Cooking.com Sold To Target Corp.

socalTECH

Marina Del Rey-based Cooking.com , the online retailer of cookware, kitchen products, and more, has been acquired by Target , Target announced Thursday. Financial terms of the buy were not disclosed. Cooking.com has been looking for a buyer since October of last year.

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Rovi Plans To Sell CinemaNow

socalTECH

The long, turbulent history of the video-on-demand technology developed by former Marina Del Rey-based CinemaNow continues today, after current owner Rovi Corporation said Thursday afternoon that it plans to pursue a sale of its Rovi Entertainment Stores business--the remains of CinemaNow.

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CADFORCE Acquired By Neilsoft Ltd.

socalTECH

Marina Del Rey-based CADFORCE, a venture-backed provider of CAD support services, has been acquired by Puna, India-based Neilsoft Ltd. CADFORCE co-founder James Katz told socalTECH.com that the firm will remain in Marina Del Rey, with the whole team staying on.

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Rumor: Cooking.com Slashes Staff, Seeks Buyer

socalTECH

Marina Del Rey-based Cooking.com is looking for a buyer, and has recently laid off at least sixteen staff, according to a reader tip. The anonymous tipster said that an interim management team is now seeing to sell the company after a severe layoff by its investors.

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Streetfire Merges With CarDomain

socalTECH

Marina Del Rey-based Streetfire , which operates an online user-generated site focused on car and motorcycle enthusiasts, said Wednesday that it has merged with fellow social networking site CarDomain. Tags: streetfire cardomain merger acquisition automotive motorcycle. Financial terms of the merger were not disclosed.