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Independent Technology Group Acquired By InterVision Systems

socalTECH

Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. InterVision is owned by private equity investor Huron Capital. READ MORE>>.

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Energy Vault Scores $100M For Gravity-Based Energy Storage

socalTECH

Westlake Village-based Energy Vault, which is developing gravity-based, grid-scale energy storage systems, has raised $100M in its Series C funding round, the company announced this morning. According to the company, the new funding will go towards deployment of its platform.

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Altasens Raises $15.1M

socalTECH

Westlake Village-based Altasens , a developer of CMOS image sensors, has raised $15.1M Details on the funding have not been announced by the company. Source of the new funding was not disclosed, however, the firm previously raised funding from ITX International Equity. out of a $20.1M READ MORE>>.

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ValueClick Buys Greystripe

socalTECH

Westlake Village-based online advertising firm ValueClick announced this morning that it has acquired Greystripe , an operator of a brand-focused mobile advertising network. The company expects Greystripe to add $24 to $26M in revenues for the remainder of 2011. The deal was worth $70M in cash. in the deal. READ MORE>>.

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State of the Capital Markets

SoCal Tech Calendar

The economic upheaval of the past several years had made it difficult for companies of all sizes to find the capital needed for growth and shareholder liquidity. Come hear the answers from a panel of experts at Wedneday's breakfast meeting of ACG 101, at the Westlake Village Inn. See [link] (more)

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Aspyra To Delist Stock

socalTECH

Westlake Village-based Aspyra said Tuesday afternoon that the firm is voluntarily delisting its common stock from the AMEX. The firm said its stock will no longer trade on any other exchange after the delisting.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets.