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Calnetix Buys Vycon

socalTECH

Cerritos-based Calnetix Technologies said this morning that it has acquired VYCON , the developer off flywheel-based energy storage systems. 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.

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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. I couldn’t believe there wasn’t a software for compliance and risk,” Lee said.

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