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Clearstone Portfolio Firm Meru Networks Files for IPO

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A portfolio firm of Santa Monica-based Clearstone Ventures , Meru Networks , filed for an IPO late Friday night, saying it is looking to go public on the NYSE. Clearstone's William Quigley sits on Meru's board of directors. Meru develops enterprise wireless LAN networking products.

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Clearstone Gets Big Win With Meru

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Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 to $15.00, and closing at $19.17 for the day--up 27.8%.

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Playsino Releases First Two Network Titles

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Santa Monica-based Playsino , the developer of social casino games, said Friday that it has released the first two games under its Publishing Network effort. The new games are Five-O Poker, developed by Israel-based Chiki Gaming, and Yalla Tarneed, a Middle Eastern card game developed by Yallah Games. READ MORE>>.

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Sixgill Snag $27.9M

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Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M Sensor is led by longtime tech veteran Phil Ressler, who previously has served at Bottlenose, Lumenz Networks, MyGreenlight, Big Stage Entertainment, Clearstone Venture Partners, and many other companies.

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LeisureLink Acquired By VacationRoost

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Pasadena-based LeisureLink , the developer of travel booking software for the vacation rental market, has been acquired by VacationRoost , which operates an online vacation rental marketplace. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal. Financial terms of the buy were not announced.

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Integrien Acquired By VMware

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Irvine-based Integrien , a developer of enterprise IT monitoring software, has been acquired by VMware , according to VMware this morning. The acquisition was a big win for Southern California's investors, particularly from Clearstone Venture Partners and the Tech Coast Angels. Clearstone owned about half of the firm.

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Rubicon Project Names VPs

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Los Angeles-based the Rubicon Project , the online ad optimization service for online publishers, said today that it has named Jay Sears as SVP Marketplace Development, and Jeremy Fain as Vice President Client Services. Sears was most recently at PulsePoint, and Fain was at CBS Interactive. READ MORE>>.