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Fandango Claims Record Sales In May

socalTECH

Los Angeles-based Fandango , the movie ticketing and information service, said today that it has had the best ever number in May for traffic and ticket sales, for the company's entire 12-year history.

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Fandango Expands Mobile Movie Ticket Distribution

socalTECH

Los Angeles-based movie site Fandango is expanding its rollout of mobile ticketing, saying this morning that it has added more than 1,400 additional screens across the country to its paperless mobile ticket program. Fandango said that it has added 1,300 Cinemark screens and 100 Regency Theatre screens to its network.

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Gores Group Buys Touchscreen Manufacturer

socalTECH

Los Angeles-based private equity firm The Gores Group said Tuesday that it has acquired the touch screen business of TE Connectivity , in a deal worth $380M in cash. The business is headquartered in Menlo Park, and had sales of $413M in fiscal 2011, according to Gores. READ MORE>>.

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WebVisible In Big Hiring Push In Los Angeles With New Office

socalTECH

Irvine-based WebVisible , which helps small businesses place online advertising, said this morning it is in a big hiring push, and is immediately looking to hire over 75 employees across sales, IT, software engineering, and product design positions. The firm said it received more than 600 applications from that job fair.

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The Gores Group Buys Touchscreen Interface Company

socalTECH

Los Angeles-based The Gores Group , the private equity investment firm, reported this morning that it has completed its acquisition of touch screen technology provider TE Connectivity. Gores said that Elo Touch Solutions had sales of $413M in fiscal 2011. The deal was worth $380M in cash.

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RealD Revenues Rise To $57.8M

socalTECH

Los Angeles-based RealD , the developer of 3D movie projection technology, released its results Thursday, saying its Q3 2011 revenues rose to $57.8M, up 91 percent from Q3 of of 2010, when it reported revenues of $30.2M. The firm had a net GAAP loss of $16.6M. READ MORE>>.

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The Talent Tourniquet | Making Los Angeles Startup Friendly

Tech Zulu Event

With unrivaled weather, a host of high-profile universities and unlimited array of daytime and nightlife entertainment, Los Angeles seems like a dreamland for young tech professionals and the companies hoping to employ their talents. People don’t just solely watch TV nowadays; they multitask with a handful of screens.