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Accruent Acquired By Genstar Capital

socalTECH

Accruent , the developer of real estate, facilities, and asset management software which was founded by Mark Friendman, has been acquired by private equity investor Genstar Capital. Financial terms of the acquisition were not disclosed.

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Mojix Wins Lufthansa

socalTECH

Los Angeles-based Mojix , a developer of RFID technology, has scored a win with Lofthansa Cargo, Lufthansa's cargo business. According to Lufthansa and Mojix, they have completed a pilot deployment of the MOJIX STAR passitve RTLS system, in Frankfurt, Germany. Financial impact of the win was not announced. READ MORE>>.

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Mojix Names CTO

socalTECH

Los Angeles-based Mojix , a developer of RFID technology, said today that it has promoted Dr. Christopher R. Mojix is venture backed by Oak Investment Partners, Red Rock Ventures and InnoCal Venture Capital. Jones as its new Chief Technology Officer. Jones also served at Broadcom. READ MORE>>.

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Nexiant Adds Board Member

socalTECH

Lake Forest-based Nexiant , a developer of materials management software tools, announced this morning that it has named Michael Aghajanian to its board. The firm is backed by Argentum Group, Forrest Binkley & Brown, Innocal, Inverness Capital Partners, Mission Ventures, and Omnicell.

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Mojix Names Services VP

socalTECH

Los Angeles-based Mojix , which develops RFID technology based on research out of JPL/NASA, said Monday afternoon that the firm has named Samuel Levy as Sr. Mojix is venture backed by Oak Investment Partners, Red Rock Ventures and InnoCal Venture Capital. Vice President, Global Professional Services.

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Mojix Signs Middle Eastern Reseller

socalTECH

Los Angeles-based Mojix , the developer of radio frequency identification (RFID) technology, said over the weekend that it has signed a partnership with a reseller to provide its products in the Middle East. Mojix is venture backed by Oak Investment Partners, Red Rock Ventures, and InnoCal Venture Capital. READ MORE>>.

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Nexiant Plans Major Upgrade

socalTECH

Lake Forest-based Nexiant , the developer of software-as-a-service for materials management (MRO), said this morning that it is planning a major software release. Nexiant is venture backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. READ MORE>>.