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Report: Yammer Being Acquired By Microsoft

socalTECH

Yammer , the business focused micromessaging service which started as an offspring of Los Angeles-based family tree and genealogy site Geni , is reportedly in the last legs of a deal to be acquired by Microsoft for more than $1 billion. According to Bloomberg and other sources, the deal is expected to be announced as early as Friday.

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Yammer Gets Top Prize At Tech Conference

socalTECH

Yammer, a Twitter-like spinout out of high profile Los Angeles genealogy firm Geni.com, has scored the top prize at the TechCrunch50 awards in San Francisco. Yammer offers instant messaging focused on internal corporate communications, and is the result of work by engineers at Geni. Geni is the online, Web 2.0-style

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Social Networking and Business Value

SoCal CTO

Just a quick note that I'll be moderating a Technology Council Event : Social Networking as a Business Strategy May 19, 2009 - Culver City Social networking media are used on a daily basis to grow businesses and expand career opportunities. This Panel will explore issues such as: How can companies best utilize social networking media?

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Geni Hit By Downtime

socalTECH

Los Angeles-based Geni , the online family tree and genealogy web site started by David Sacks, was hit by unexpected downtime Tuesday and today, the firm told its users Wednesday afternoon. No reason for the downtime was given, however, the downtime at Geni paralleled a similar, more widely reported downtime issues at sister firm Yammer.

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GumGum Snags Media Exec For Advisory Board

socalTECH

Los Angeles-based GumGum has snagged a media agency network executive as an advisor, the firm is announcing today, for its in-image advertising platform. GumGum said it has appointed Carl Fremont, the Global Chief Digital Officer at MEC, which it says is one of the world''s largest media agency networks, to its advisory board.

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Lindzon Backs Discoverly

socalTECH

Howard Lindzon , the San Diego angel investors who also heads up stock micro-messaging site StockTwits , has invested in another private company-- Discoverly. READ MORE>>.

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Pearl, the healthcare spinout from LA-based AI startup, GumGum, raises $11 million

TechCrunch LA

GumGum , the Los Angeles-based startup that’s spent the past decade applying machine learning technologies to advertising and sports, has spun out a new healthcare startup focused on the dental industry called Pearl. “This idea was seeded within GumGum,” says Tanz.