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Los Angeles Fast 500 Winners Announced

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The Los Angeles winners of the Deloitte Fast 500 ranking of fastest growing companies was announced last night at an event at Santa Monica's Shutters on the Beach, with 26 companies recognized in the overall 2011 Technology Fast 500, and three "Technology Rising Stars" recognized in the Los Angeles area.

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REX Moves HQ To Texas

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Former Los Angeles-based online real estate startup REX has shifted its headquarters to Texas, after the move of its CEO to Austin, in a loss to Southern California's growing high tech startup community--although the company says it still has a team of 50 in Woodland Hills, and that it expects to continue to grow its team in that location.

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Key Information Systems Buys ISWest

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Woodland Hills-based Key Information Systems said Friday morning that it has acquired IT colocation and hosting company ISWest. ISWest is a provider of colocation, cloud services, and connectivity which has a major presence in Los Angeles, Ventura County, and beyond. Financial terms of the acquisition were not announced.

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Nevolution Gets $450K For Windows App Store

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Woodland Hills-based Nevolution said today that it has raised $450,000 in an angel investment round, for the development of its Windows App Store. The company is headed by Matt Smith. Nevolution is developing an application store focused on Windows PC software. READ MORE>>.

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United Online, OpenX Tie On Advertising Technology Deal

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Two, Los Angeles online advertising firms have linked up in a technology deal today. The two companies said that OpenX will provide United Online Media Group with its full monetization platform, including its real-time-bidding, ad network, direct sale, and other tools. Financial details of the link were not announced. READ MORE>>.

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United Online Gets Unsolicited Acquisition Offer From B.Riley

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Woodland Hills-based United Online said this morning that it has received an unsolicited, takeover offer from Los Angeles-based B. Riley complained about the amount of compensation paid to the company's board and management, despite declining revenues and share price. Riley said it now owns 7.9% READ MORE>>.

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Wilcon Buys Freedom Dark Fiber Networks

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Los Angeles-based fiber optic and data center infrastructure provider Wilcon announced today that it has acquired dark fiber provider Freedom Dark Fiber Networks. Financial terms of the acquisition were not announced. Freedom Dark Fiber Networks is also based in Southern California, and is a provider of dark fiber in the region.