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Claremont Technology Group

SoCal Tech Calendar

Monday, February 22, 2010 -- Claremont Technology Group Happy Hour. Strengthen your "Local network" close to home by getting to know neighbors who are involved in the technology and digital media industry in and around Claremont. Email arnel@guiang.com.

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ecoATM Expands Recycling Kiosk Network

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San Diego-based ecoATM , the startup which develops interactive kiosks which buy back used mobile phones and other electronics, said today that it has expanded its network of kiosks into Texas. EcoATM's kiosks allow people to trade in their unwanted electronics for cash or in-store credit. READ MORE>>.

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EcoATM Nabs $40M In Funding, Plans Major Expansion

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EcoATM , the developer of those automated machines which lets you cash in your used phones, has some big plans--and some big money--as it plans to expand out its network of machines nationwide. EcoATM announced late Wednesday afternoon that it has raised $40M in a mezzanine debt funding round, from Falcon Investment Advisors. READ MORE>>.

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Ripple TV Acquired By TargetCast

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El Segundo-based Ripple has been acquired by TargetCast Networks, a San Ramon-based operator of a out-of-home digital advertising network. According to TargetCast Networks, the buy gives it 1400 locations and 3425 screens delivering local and national advertisements. Financial terms of the buy were not disclosed. READ MORE>>.

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Ripple Acquirer Raises Funds

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Casting some additional light on the acquisition of El Segundo-based Ripple last week, acquiring firm TargetCast Networks revealed today that it has received a new round of venture capital worth $6.5M from DFJ and its existing backer Claremont Creek Ventures, which the firm said would go towards expansion of its network.

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How TenOneTen Ventures Is Investing In LA's Technology Future

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Both Waxman and Elbaz are serial entrepreneurs, with many successes under their belt (Elbaz with Applied Semantics, which he sold to Google, Waxman with such companies as Firefly Networks, SpotRunner, and PeoplePC). There''s Caltech, the Claremont Colleges, Harvey Mudd, UCLA. We have a lot of world class universities here.

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