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ReachLocal's Zorik Gordon On Daily Deals

socalTECH

Earlier this week, Woodland Hills-based ReachLocal (www.reachlocal.com), which helps small and medium sized businesses place online ads, announced a deal to buy daily deals site DealOn.com. So what is the strategy behind the acquisition, and how do you see this fitting into the daily deals area? It's a sourcing syndication strategy.

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PurePhoto Buys PhotographyMentor.com, Launches Photo Site

socalTECH

Westlake Village-based PurePhoto.com , a new startup headed by former NextMedium COO John Ellis, and whose exec team includes prior executives from ReachLocal, ValueClick, and YellowPages.com, said Tuesday that it has acquired the assets of Los Angeles-based PhotographyMentor , an online photography education and social networking site.

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Demand Media Surges In IPO Debut

socalTECH

Demand Media, which is headed by Richard Rosenblatt, operates a network of content focused sites, including LiveStrong.com and eHow. The enthusiastic reception for Demand's IPO follows similar strong showings from Southern California firms such as RealD, Green Dot, ReachLocal, and others this year. The firm was hovering around $23.00

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LAVA Honors Richard Riordan, Local Technology Firms

socalTECH

In the Best venture funding in software/services, Edgecast , the content delivery network (CDN) provider, was the winner, with finalists including Eucalyptus Systems , Factual , and SV Network. Other IPO finalists were RealD , ReachLocal , and Inphi. Other finalists were Clicker.com , Truecar , and Zumbox.

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Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

SoCal Delicious

The study found that the greatest values for Southern California venture-backed firms were created by companies operating in Online Services (51%), followed by Communications and Networking (15%), Software (10%) and Semiconductors (9%). Tags: results investment exit california southern acquisition merger capital venture. IPO in 1996).