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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. VYCON''s flywheel technology has been used for storing energy in subway systems, for wind power generation, and other areas. Financial terms of the buy were not disclosed. READ MORE>>.

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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.

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Innovation and Entrepreneurship in Ophthalmology and Aerospace

SoCal Tech Calendar

Join TiE SoCal on Wednesday, June 16th for our monthly event in Cerritos. 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?

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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. Now, AuditBoard joins a growing list of Los Angeles business-focused software companies that are beginning to scale dramatically in the city.

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ReachLocal Tops Fast 500 List

socalTECH

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. According to the list, ReachLocal topped the list with a five-year, fiscal growth rate of 146,050 percent.

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DEMOspring Here We Come

Tech Zulu Event

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. They will feature new products and prototypes from industries like Social Media, Mobile, Enterprise, Consumer Technologies and Cloud.