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Nexiant Plans Major Upgrade

socalTECH

The firm said it MRO (Maintenance, Repair, and Operations) software will include ability to control material usage at multiple inventory locations, better visibility and analysis across sites, tools to set up business rules, and more. The company said deployments will begin in early 2012. READ MORE>>.

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VMIX Adds Reseller

socalTECH

The firm said that South Carolina-based Fuel Interactive has been using the firm's video players and widgets, as part of the creation of 30 tourism-related web sites based in that state. VMIX powers video sites for such companies as Penguin Books, Tribune Company, The McClatchy Company, Scion, and ABCs Dancing with the Stars.

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MySpace Startups: Startups From MySpace Vets

socalTECH

Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. Venture backers : Anthem Ventures, the Mailroom Fund, Rincon Venture Partners.

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Venture Firm: We Missed That Networks In Motion Deal

socalTECH

NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures, Mission Ventures, and Sutter Hill Ventures. According to OVP's site, it was approached in 2005 by the CFO of a former portfolio company, who had made money for the firm twice before, begging the firm to invest.

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This Week in VC: Michael Montgomery (President, Montgomery & Co.)

Both Sides of the Table

This episode of This Week in Venture Capital featured Michael Montgomery, president of Montgomery & Co. Shame they didn’t like his suggested name for the company: DreamWorks SKG-MM. Should you use investment banks to raise venture capital? We discussed: 1. This is often in the 5-7% range.

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VMIX Shuffles Staff, Rolls Out New Player

socalTECH

Among changes in the firm's player include a new tool to help site producers speed up and simplify their design process, and better encoding tools. The company is venture backed by ATA Ventures, Enterprise Partners, JK&B Capital, and Mission Ventures.

CTO Hire 100
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Venture Conference Highlights SoCal Startups

socalTECH

The conference, held at the Westin South Coast Plaza in Costa Mesa, featured pitches by eight different companies vying for the attention--and pocketbooks--of venture capitalists. David Sacks, one of the co-founders of PayPal, pitched Geni.com, an online site focused on both family trees and social networking.