Razor, Lime Deploy E-Scooters in LA

L.A. Business Journal

Four months after announcing its arrival in Long Beach, Cerritos-based Razor USA will bring shared electric scooters to LA, as well

DocuSource Acquired By Konica Minolta

socalTECH

Cerritos-based DocuSource , a provider of document management systems and equipment, has been acquired by Konica Minolta Business Solutions , Konica said Wednesday. Financial terms of the buy were not disclosed. Minolta said that the buy will increase its document management systems, solutions and services in the southern California region. DocuSource was founded in 1990. READ MORE>>. docusource konica minolta copier business equipment merger acquisition

Calnetix Buys Vycon

socalTECH

Cerritos-based Calnetix Technologies said this morning that it has acquired VYCON , the developer off flywheel-based energy storage systems. Financial terms of the buy were not disclosed. Calnetix--which develops and manufactures high-speed permanent magnet motor generators, power electronics and magnetic bearings--said Vycon will become a wholly owned subsidiary of the company.

With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif.

Direct Drive Systems Acquired for $120M

socalTECH

Cerritos-based Direct Drive Systems , a developer of high speed motors for the oil and gas industry, has been acquired by Houston-based FMC Technologies, FMC said earlier this week. According to FMC, it will pay $120M for Direct Drive Systems, which makes components used for pumping natural gas pipelines, offshore platforms, and for the subsea processing market. Direct Drive is a spinout of Calnetix.

Innovation and Entrepreneurship in Ophthalmology and Aerospace

SoCal Tech Calendar

Join TiE SoCal on Wednesday, June 16th for our monthly event in Cerritos. Wednesday, June 16, 2010 -- Innovation and Entrepreneurship in Ophthalmology and Aerospace. TiE SoCal. This event will feature Mr. Shreekant Agrawal, a Technical Fellow at the Boeing Research and Technology division, and MK Raheja, the Global Head of Corneal and Implant RandD at Abbott Medical Optics. See https://www.123signup.com/servlet/SignUpMember?PG=1521728182300andP=1521728191150016600andInfo.

Connect3 Systems Acquired By DemandTec

socalTECH

Cerritos-based Connect3 Systems, a developer of advertising, merchandising, and promotions software, has been acquired by San Carlos-based DemandTec, DemandTec said Monday. According to DemandTec, it acquired Connect3 in an all-cash transaction, but did not disclose financial terms of the deal. Connect3's software is being used by such companies as Best Buy, The Home Depot, ShopKo, Academy Sports + Outdoors, ACE Hardware, Office Depot, and others.

ReachLocal Tops Fast 500 List

socalTECH

Other local companies in the top 100 were Cerritos-based IGNIFY at 71, San Diego's Amylin Pharmaceuticals at 76; The Search Agency , based in Santa Monica, at 83; and Beverly Hills-based Hydra at 87. Woodland Hills-based ReachLocal , a provider of local search advertising services, has topped Deloitte's 2009 Technology Fast 500 list, an annual listing of companies ranked by their five year growth rates.

DEMOspring Here We Come

Tech Zulu Event

El Cerrito, California; www.nettoons.com. DEMO has officially started today and we will be there starting tomorrow. For DEMOfall 2009 we pretty much hit it on the nose for the DEMOgod award winners , let's see if we can nail it again this year. The DEMO conference announced the lineup of 65 companies that will share their products and value propositions to the technology community at DEMO Spring 2010 on March 21-23 in Palm Desert, California. DEMO Spring has a few theme's going on.